Real Estate

Pros & Cons of 2730 Woodland Dr, Edgewater, FL 32141

This beautifully updated home offers a unique blend of comfort and investment potential, making it an attractive option for property investors. With a spacious layout, modern amenities, and a prime location in a tranquil community, it presents a compelling opportunity. However, potential buyers should also consider the financial metrics, including a cash on cash return of 4.2% and a cap rate of 7.6%, which indicate a solid investment. On the flip side, the monthly cash flow of $219 may not be substantial enough for some investors, and the property’s location, while peaceful, may limit rental demand compared to more urban areas.

What are the Pros of 2730 Woodland Dr, Edgewater, FL 32141?

Strong cap rate of 7.6%, indicating good potential for returns.
Monthly rent of $2,062 provides a steady income stream.
Spacious lot with room for outdoor activities, enhancing property appeal.
Recent updates ensure the property is move-in ready, reducing immediate renovation costs.
No HOA fees, allowing for greater flexibility in property management.

What are the Cons of 2730 Woodland Dr, Edgewater, FL 32141?

Monthly cash flow of $219 may be low for some investors.
Location may not attract as many renters compared to urban settings.
Potential for higher maintenance costs due to the size of the property.

What are potential Red Flags or Risks with 2730 Woodland Dr, Edgewater, FL 32141?

Market fluctuations could impact rental demand and property value.
Limited access to public transportation may deter some renters.
Future neighborhood developments could affect property desirability.

Property Details for 2730 Woodland Dr, Edgewater, FL 32141

Property Detail Name	Property Detail Value
Address	2730 Woodland Dr, Edgewater, FL 32141
Property Type	Single Family
Price	$309,900
Price Change	$0
Tax Assessed Value	$276,632
Non Owner Occupied?	Yes
Pre Foreclosure Auction	No
Bedrooms	3.0
Bathrooms	2.0
Living Area	1,575.0
Lot Area	0.3443526170798898
Lot Area Unit	ACRES
Year Built	1990

Weighing the Investment Potential

In conclusion, this property presents a balanced investment opportunity with both appealing financial metrics and some considerations to keep in mind. The strong cap rate and monthly rent suggest a solid return on investment, while the absence of HOA fees adds to its attractiveness. However, the relatively low monthly cash flow and potential location drawbacks could impact long-term profitability. Investors should carefully evaluate their financial goals and the local market conditions before making a decision. Schedule a showing today to explore this promising investment opportunity further!

Financial Summary for 2730 Woodland Dr, Edgewater, FL 32141

Financial Metric Name	Financial Metric Value
Cash on Cash Return	4.2%
Monthly Rent	$2,062
Net Operating Income	$1,969
Cap Rate	7.6%
Monthly Cash Flow	$219
Gross Rent Multiplier	12.5
Debt Service Coverage Ratio	1.3
Principal and Interest	$1,561
Tax	$189
HOA Fees	$0
Insurance	$93
Total Payment	$1,843