598 S RIDGEWOOD Avenue
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%.
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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 |
|---|---|---|---|
| Mar 22, 2024 | Sold | ||
| Sold | |||
| Feb 9, 2024 | In contract | - | |
| In contract | |||
| Jan 4, 2024 | Listed by MEMORY HOPKINS REAL ESTATE | $339,900 | |
| Listed by MEMORY HOPKINS REAL ESTATE | |||
| Dec 18, 2023 | Listed by MEMORY HOPKINS REAL ESTATE | $399,000 | |
| Listed by MEMORY HOPKINS REAL ESTATE | |||
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Enjoy this lovely, well maintained home just a short block's walk to the Halifax River. This home is located in a desirable area of Ormond Beach, less than a mile walk to the downtown historic main street which features plenty of night life, restaurants, breweries and shops. Less than 5 minute drive to the beach! Enjoy evenings inside your pool enclosure or on your front deck watching the many SpaceX rocket launches. Grill out by the patio Tiki bar with friends in a relaxed atmosphere beneath the palms. This property has beautiful tropical landscaping with a pineapple patch, pear, apple and avocado trees as well as herbs like rosemary, thyme and basil. There is an outdoor sink for washing up or rinsing produce. There are two composters that the owners will leave which they have used to enrich the beds over the years. The interior of the home is bright and clean. There is new German manufactured wood flooring in the bedrooms, marble tile in the bath and Spanish tile in the kitchen and living area. Very large windows highlight the outside pool/patio area bringing the outside light inside. The kitchen opens to the living room for easy conversation and cozy family gatherings. This house was renovated in 2011 but since then windows were replaced in 2016, roof in 2017, HVAC in 2019, refrigerator 2020 and GE stackable washer/dryer 2021. The pool motor was replaced in 2021 and the pool timer in 2023. There is a lawn irrigation system and well.
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| Apr 26, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017