This move-in ready residence offers a unique blend of comfort and investment potential, making it an attractive option for property investors. With a spacious layout featuring 4 bedrooms and 2 baths, it caters to families seeking both relaxation and entertainment. The serene backdrop of a small creek enhances the property's appeal, providing a tranquil environment. Financially, the property boasts a solid cash on cash return of 4.0% and a cap rate of 7.6%, indicating a promising investment opportunity. However, potential investors should also consider the monthly cash flow of $201, which, while positive, may not be substantial enough for those seeking higher returns. Overall, this property presents a balanced investment prospect with both appealing and cautionary financial factors.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 9 Reynolds Pl, Palm Coast, FL 32164 |
| Property Type | Single Family |
| Price | $299,900 |
| Price Change | $0 |
| Tax Assessed Value | $243,213 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 4.0 |
| Bathrooms | 2.0 |
| Living Area | 1,730.0 |
| Lot Area | 0.27999999999999997 |
| Lot Area Unit | ACRES |
| Year Built | 2003 |
In conclusion, this property presents a compelling investment opportunity with its attractive financial metrics and desirable location. The solid cap rate of 7.6% and monthly rent of $1,980 suggest a reliable income stream, making it appealing for both new and seasoned investors. However, the modest monthly cash flow of $201 and the cash on cash return of 4.0% may not satisfy those looking for higher returns. Investors should carefully consider their financial goals and risk tolerance before proceeding. Overall, this property could be a valuable addition to an investment portfolio, especially for those prioritizing stability and long-term growth.
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | 4.0% |
| Monthly Rent | $1,980 |
| Net Operating Income | $1,890 |
| Cap Rate | 7.6% |
| Monthly Cash Flow | $201 |
| Gross Rent Multiplier | 12.6 |
| Debt Service Coverage Ratio | 1.3 |
| Principal and Interest | $1,509 |
| Tax | $180 |
| HOA Fees | $0 |
| Insurance | $90 |
| Total Payment | $1,779 |