Pros & Cons of 1105 Plover Pl, New Smyrna Beach, FL 32168

This beautiful 3 bedroom, 2 bath concrete block home in a highly sought-after subdivision presents a compelling opportunity for both families and investors. With a competitive price point, it offers a spacious layout and modern amenities, making it an attractive option for rental income. However, potential investors should consider the modest cash on cash return of 2.1% and the relatively low monthly cash flow of $106, which may not meet the expectations of all investors. Overall, this property balances appealing features with some financial considerations that warrant careful evaluation.

Weighing the Investment Potential

In conclusion, investing in this property presents a unique opportunity with both positive and negative financial factors to consider. The strong cap rate of 7.2% and the attractive monthly rent of $1,888 highlight its potential for generating income. However, the modest cash flow and low cash on cash return suggest that this investment may not be suitable for all investors. It is essential to weigh these factors carefully and consider your investment strategy before making a decision. If you are looking for a property with solid rental potential and are willing to navigate the associated risks, this home could be a worthwhile addition to your portfolio.