58 RED MILL Drive
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 30, 2023 | Listed by NON MLS (realMLS) | $237,000 | |
| Listed by NON MLS (realMLS) | |||
| Dec 29, 2023 | Sold | ||
| Sold | |||
| Dec 1, 2023 | In contract | - | |
| In contract | |||
| Nov 29, 2023 | Price Decreased |
$244,900
↓ $5K
(2%) | |
| Price Decreased | |||
| Nov 7, 2023 | Listed by REALTY EXCHANGE, LLC | $249,900 | |
| Listed by REALTY EXCHANGE, LLC | |||
| | |||
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Investor's Dream or Perfect Starter Home! Welcome to 58 Red Mill Dr, a fantastic opportunity for investors and first-time home buyers. This charming 3-bedroom, 1-bathroom home is ideally located, boasting a convenient less-than-10-mile distance to the pristine Flagler Beach.
Situated in a peaceful neighborhood, this property offers a serene escape while still providing quick access to the bustling US 1, making commuting a breeze. But that's not all – nature lovers and outdoor enthusiasts will appreciate the proximity to the scenic Lehigh walking trail, perfect for leisurely strolls and outdoor adventures.
Inside, you'll find a well-maintained, move-in ready home with a functional layout, making it an excellent choice for first-time buyers looking to start their homeownership journey. The property also includes a washer and dryer, ensuring convenience and added value for the lucky new owner.
Stylish oil rubbed bronze fixtures throughout the home add a touch of elegance and modernity, enhancing the overall aesthetic and functionality of the space.
Investors will be pleased with the potential for rental income and capital appreciation in this thriving market. Don't miss out on this incredible opportunity to own a piece of paradise in Palm Coast. Contact us today to schedule a viewing and make this property your own!
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Property Highlights
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About Lehigh Woods
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$1,980 /mo
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- 1,300 ft²
$2,000 /mo
- 3 Beds
- 2 Baths
- 1,575 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017