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7 PRAIRIEVIEW LANE
About This Property
Step outside into your private, shaded backyard oasis. The outdoor living space features a beautiful paver patio and a custom drip-irrigation and raised bed garden. The lush St. Augustine lawn and landscaping are effortlessly maintained via a private well irrigation system, while the gutters are equipped with leaf guards for low-maintenance living. Enclosed by a 6-foot wood fence, the backyard backs up to a peaceful conservation area, ensuring ultimate privacy with Mother Nature as your only rear neighbor.
Ormond Green perfectly balances a secluded, peaceful atmosphere with unmatched convenience. You are just minutes away from top-rated schools, shopping, dining, entertainment, the Daytona International Speedway, airports, and the stunning Atlantic Ocean beaches. Outdoor enthusiasts will love the proximity to Tomoka State Park. You're also only about an hour's drive from Orlando's World Class Amusement Parks! Don't miss your chance to call this lovely home yours! Tour today!
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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