Pros & Cons of 224 OAK RIDGE Drive, Welaka, FL 32193

This charming 3-bedroom, 2-bathroom home offers a delightful blend of classic charm and modern comfort, making it an attractive option for real estate investors. With a recent update to the air conditioning system and new appliances, this property is ready for immediate rental or personal enjoyment. The inviting wraparound porch and spacious 2-car garage add to its appeal, while the open layout enhances the living experience. However, potential investors should consider the modest cash on cash return of 2.0% and the relatively low monthly cash flow of $115, which may not meet the expectations of all investors. Balancing these factors is crucial for making an informed decision.

Weighing the Investment Potential

Investing in this property presents a unique opportunity, especially with its attractive cap rate of 7.2% and a solid monthly rent of $2,193. The recent updates to the home enhance its appeal and reduce the likelihood of immediate maintenance issues, making it a more attractive option for potential tenants. However, the modest cash on cash return of 2.0% and low monthly cash flow of $115 may deter some investors looking for higher returns. It's essential to consider both the positive aspects and the potential risks associated with this investment. Overall, this property could be a worthwhile addition to a diversified real estate portfolio, especially for those who value charm and comfort in a rental property.