5 HEATHER LANE
About This Property
and has a tub/shower combo. Inside laundry has hanging space, utility sink, overhead storage cabinets. Oversized two car garage has two storage closets. Back porch is screened and has vinyl windows and overlooks the fully-fenced back yard with storage shed.
Beautiful brick exterior, whole home gutter system, and a large yard with plenty of space from door-to-door. Heather Lane is a quiet, low-traffic, non-through street in a non-HOA neighborhood. Minutes from downtown Ormond local restaurants, shops, and the popular Tomoka State Park, known for hiking, fishing, camping and kayaking. Just a five-minute drive to public beaches.
Currently zoned for the following schools: Pine Trail Elementary, Ormond Beach Middle, and Seabreeze High. No flooding and no flood zone here! Plenty of potential to build equity here with cosmetic updates or ready to move your stuff right in. This home checks all the boxes.
All information and room sizes are intended to be accurate but cannot be guaranteed. Buyers and agents are always encouraged to perform due diligence.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 31, 2025 | Sold | ||
| Sold | |||
| Dec 23, 2025 | In contract | - | |
| In contract | |||
| Dec 11, 2025 | Price Decreased |
$359,900
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Nov 26, 2025 | Price Decreased |
$365,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Nov 6, 2025 | Price Decreased |
$369,900
↓ $5K
(1.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017