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$450,000
● House - Off Market

DRIVE

ORMOND BEACH, FL
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,490 Ft²
$2,866
Est. Monthly

About This Property

For Statistical purposes. Disclosure, home has flood damage.
Unit Size
2,490 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$181
Property Type
House
Property Taxes
$656
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 2 years ago (Stellar MLS #V4940212)

Price History

Date / Event Date Event Price
Jan 8, 2025 Listed by REALTY PROS ASSURED $450,000
Listed by REALTY PROS ASSURED

Property Highlights

Air Conditioning
Garage
Parking Details
Has Garage
Attached Garage
Parking Features: Garage Door Opener
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Built-in Features, Ceiling Fan(s), Crown Molding, Eating Space In Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Surface Counters, Thermostat, Walk-In Closet(s), Window Treatments
Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Other, Range, Refrigerator, Washer
Flooring Type: Hardwood
Laundry Features: Laundry Room
Rooms: 3
Exterior Details
Square Footage: 2490
Square Footage Source: $0
Property Condition: Completed
Year Built: 1989
Waterfront Features: Canal - Freshwater, Canal - Saltwater, River Front
Waterview: River
Waterbody Name: Tomoka River
Building Area Total: 2490
Levels: Two
Building Area Units: Square Feet
Construction Materials: Other
Lot Size Area: 14520
Lot Size Units: Square Feet
Lot Size Acres: 0.33
Lot Size Square Feet: 14520
Lot Size Dimensions: 121 x 120
Tax Lot: 34
Water Source: Private
Financial Details
Tax Annual Amount: $7,874
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Other

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

Similar Homes for Sale

Currently no similar homes around
STELLAR

Listed by: Jennifer Kulzer
REALTY PROS ASSURED
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# V4940212
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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