556 N BEACH STREET
About This Property
Enjoy stunning Intracoastal water views from this charming home situated on an oversized lot-nearly half an acre in the heart of Ormond Beach. Whether you are looking for a move-in-ready residence or the perfect site to build your dream home, this property offers endless possibilities.
The existing home features a new shingle roof, new gutters, new Carrier HVAC, updated electric, new kitchen appliances, and newer windows, providing peace of mind and comfort. Inside, you'll find a cozy layout ideal for living while you plan your future build.
Located in a prime central location, just minutes to shopping, dining, banking, hospitals, and both the river and ocean-including the drive-on beach! Don't miss this rare to own a property with both current value and incredible future potential in a highly sought chance -after area.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017