Real Estate

Pros & Cons of 10310 Crotty Ave, Hastings, FL 32145

Investing in real estate can be a rewarding venture, and this charming 3-bedroom, 2-bath home in Flagler Estates presents a compelling opportunity. With a generous 1.14-acre lot and a recently renovated interior, the property boasts a bright, open floor plan and modern amenities that appeal to potential renters. Financially, it offers a solid cash on cash return of 6.8% and a cap rate of 8.0%, making it an attractive option for investors. However, it's essential to consider the potential challenges, such as the ongoing maintenance of a larger property and the need for effective tenant management. Overall, this property strikes a balance between comfort and investment potential, making it worth a closer look.

What are the Pros of 10310 Crotty Ave, Hastings, FL 32145?

  • Strong cash on cash return of 6.8%
  • Cap rate of 8.0% indicating good profitability
  • Monthly rent of $1,399 provides steady income
  • Expansive yard offers potential for additional features or improvements
  • No HOA fees, reducing ongoing costs

What are the Cons of 10310 Crotty Ave, Hastings, FL 32145?

  • Maintenance costs may increase due to the size of the property
  • Potential challenges in tenant management
  • Market fluctuations could impact rental demand

What are potential Red Flags or Risks with 10310 Crotty Ave, Hastings, FL 32145?

  • Location may affect long-term property value
  • Economic downturns could impact rental income
  • Renovation costs could exceed initial estimates

Property Details for 10310 Crotty Ave, Hastings, FL 32145

Property Detail Name Property Detail Value
Address 10310 Crotty Ave, Hastings, FL 32145
Property Type Manufactured
Price $200,000
Price Change -$10,000
Tax Assessed Value $112,988
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 3.0
Bathrooms 2.0
Living Area 960.0
Lot Area 1.14
Lot Area Unit ACRES
Year Built 1996

Weighing the Investment Potential

In conclusion, this property offers a unique blend of comfort and investment potential that could appeal to both new and seasoned investors. The strong cash flow and cap rate suggest a solid return on investment, while the absence of HOA fees adds to its financial attractiveness. However, investors should remain cautious of the potential risks associated with property maintenance and market fluctuations. Balancing these positive and negative factors will be crucial in determining whether this property aligns with your investment strategy. If you're looking for a property that combines space, charm, and financial opportunity, this could be the right fit for you.

Financial Summary for 10310 Crotty Ave, Hastings, FL 32145

Financial Metric Name Financial Metric Value
Cash on Cash Return 6.8%
Monthly Rent $1,399
Net Operating Income $1,339
Cap Rate 8.0%
Monthly Cash Flow $225
Gross Rent Multiplier 11.9
Debt Service Coverage Ratio 1.3
Principal and Interest $999
Tax $115
HOA Fees $0
Insurance $60
Total Payment $1,174