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5959 RIVERSIDE DRIVE
About This Property
Inside, the home combines comfortable coastal living with classic character, including original wood floors, French doors and a brick wood-burning fireplace. The bright kitchen features white cabinetry and a new custom-size stainless-steel refrigerator. Two spacious bedrooms, indoor laundry and abundant natural light create a practical and inviting floor plan. Major improvements include a metal roof, new gutters, a new water heater, newer air-conditioning system, double-pane impact glass across the rear of the home, hurricane shutters and new storm doors on all exterior openings. The property also features a comprehensive security system with cameras, door sensors, water sensors, and fire and carbon-monoxide detectors, along with updated landscaping and a bamboo privacy hedge. The existing furniture is included in the sale, making the home ready to enjoy from day one. The fenced property has no HOA and offers off-street parking. A 2021 elevation certificate is available. Whether used as a full-time residence or furnished waterfront retreat, 5959 Riverside Drive presents an exceptional opportunity to own directly on the water in Port Orange. Note: Boats, bicycles, paddle boards and kayaks do not convey.
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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 |
|---|---|---|---|
| Oct 16, 2026 | Listed by KELLER WILLIAMS WINTER PARK | $975,000 | |
| Listed by KELLER WILLIAMS WINTER PARK | |||
| Jun 3, 2023 | No longer available | - | |
| No longer available | |||
| May 15, 2023 | Relisted | $620,000 | |
| Relisted | |||
| May 15, 2023 | Price Decreased |
$585,000
↓ $35K
(5.7%) | |
| Price Decreased | |||
| Apr 26, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017