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871 LINDENWOOD CIRCLE E
About This Property
Mature landscaping and a private backyard create a peaceful, secluded feel while still being close to everything. An outdoor shower with hot and cold water adds the perfect finishing touch after a day in the pool or at the beach. There is also room to park a boat or trailer on the side of the home. Additional highlights include city water and sewer, a 2-car garage, and a convenient location near the Intracoastal, parks, shopping, and dining. A nearby middle school is within easy walking distance, making this a great option for families. Major improvements include a 2017 roof, 2021 HVAC system, brand-new ductwork in 2025, and an electrical upgrade for peace of mind. This is a rare opportunity to own a fully updated pool home with space, privacy, and no HOA in one of Ormond Beach's most convenient locations.
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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.
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About Woodmere South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017