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732 LUCERNE CIRCLE
About This Property
Step inside to a bright, inviting layout featuring an open-concept kitchen with stainless steel appliances, comfortable living spaces, and the convenience of indoor laundry. Outside is where this home really shines! Enjoy your own private saltwater pool, an expansive pool deck perfect for entertaining, a pavered lanai, and a fully fenced backyard with PVC privacy fencing.
Major updates provide additional peace of mind, including a 2020 A/C, 2020 water heater, and a BRAND-NEW ROOF to be installed prior to closing.
Location is another standout feature. Sanchez Park is just down the street, and boating enthusiasts will appreciate having three boat ramps within approximately 2 miles. You'll also be just minutes from the beach, Downtown Ormond Beach, popular local restaurants, shopping, parks, and highly rated schools.
Cul-de-sac location. Saltwater pool. New roof. Fantastic outdoor space. Prime Ormond Beach location. This one checks a lot of boxes!
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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.
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About Woodmere South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017