Pros & Cons of 255 OLD VILLAGE CENTER Circle UNIT 9307, St Augustine, FL 32084

This beautiful third-story condo offers a blend of modern living and community amenities, making it an attractive investment opportunity. With a cash on cash return of 7.9% and a cap rate of 8.2%, the financial metrics suggest a solid potential for profitability. The property boasts a monthly rent of $1,765, providing a net operating income of $1,298, which contributes to a healthy monthly cash flow of $249. However, prospective investors should also consider the HOA fees of $410 and other expenses that could impact overall returns. The location near I-95 and local amenities adds to its appeal, but it's essential to weigh these factors carefully.

Weighing the Investment Potential

Investing in this condo presents a compelling opportunity with its strong financial metrics, including a cash on cash return of 7.9% and a cap rate of 8.2%. The monthly rent of $1,765 and a positive cash flow of $249 indicate a solid income stream. However, investors must remain vigilant about the ongoing HOA fees and other expenses that could impact net returns. While the property is move-in ready and located in a desirable area, potential risks such as market fluctuations and maintenance costs should be carefully considered. Overall, this property could be a valuable addition to an investment portfolio, provided that due diligence is exercised.