87 Tomoka Ridge WAY
About This Property
Located in the heart of Ormond Beach, Breakaway Trails is a premier gated community known for its serene environment, spacious lots, and luxurious amenities. Residents enjoy a lifestyle of comfort and convenience with access to a variety of recreational facilities and natural beauty. Breakaway Trails offers 24-hour gated security, ensuring peace of mind for all residents. The community clubhouse serves as a hub for events and gatherings, equipped with meeting rooms and recreational spaces. Residents can relax and socialize at the large, resort-style swimming pool, or stay active with well-maintained tennis and basketball courts. The community playground provides a safe and fun area for children, while scenic walking and biking trails wind through the community, ideal for outdoor exercise and enjoying the natural surroundings. Beautiful lakes and protected green spaces enhance the community's tranquil atmosphere. Breakaway Trails is conveniently located near the beautiful beaches of Ormond Beach and Daytona Beach, offering residents easy access to sun, sand, and surf. within reach. Don't miss the opportunity to own this beautifully crafted home in the prestigious Breakaway Trails community, designed for both luxury and functionality. Schedule your private tour today and envision the endless possibilities at 87 Tomoka Ridge Way.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 24, 2025 | Sold | ||
| Sold | |||
| Jan 31, 2025 | In contract | - | |
| In contract | |||
| Jan 17, 2025 | Price Decreased |
$750,000
↓ $50K
(6.2%) | |
| Price Decreased | |||
| Oct 22, 2024 | Price Decreased |
$799,900
↓ $50K
(5.9%) | |
| Price Decreased | |||
| Aug 31, 2024 | Price Decreased |
$850,000
↓ $49K
(5.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017