Real Estate

Pros & Cons of 11250 NE 220th St, Fort Mc Coy, FL 32134

Investing in real estate can be a rewarding venture, and this property offers a unique opportunity for those seeking tranquility and space. With a generous living area of over 1900 sq ft and nearly 4 acres of land, it presents a peaceful retreat away from the hustle and bustle. The absence of HOA fees is a significant advantage, allowing for greater flexibility in property use. However, potential investors should consider the need for some TLC in the primary bathroom, which could impact initial investment costs. Overall, this property combines the charm of a cozy home with the potential for solid returns, making it an attractive option for both seasoned and new investors.

What are the Pros of 11250 NE 220th St, Fort Mc Coy, FL 32134?

  • Strong Cap Rate of 7.2%, indicating good potential for returns.
  • Monthly rent of $2,149 provides a steady income stream.
  • No HOA fees, allowing for more freedom in property management.
  • Spacious living area and large lot size enhance property appeal.
  • Proximity to natural attractions like lakes and forests increases desirability.

What are the Cons of 11250 NE 220th St, Fort Mc Coy, FL 32134?

  • Need for some repairs in the primary bathroom could deter some buyers.
  • Cash on cash return of 2.4% may be lower than other investment opportunities.
  • Monthly cash flow of $138 is relatively modest.
  • Potential for higher maintenance costs due to the property's size.
  • Location may not appeal to all renters, limiting tenant pool.

What are potential Red Flags or Risks with 11250 NE 220th St, Fort Mc Coy, FL 32134?

  • Market fluctuations could impact rental demand in the area.
  • Additional costs for repairs and maintenance may arise unexpectedly.
  • Limited access to urban amenities could affect tenant interest.

Property Details for 11250 NE 220th St, Fort Mc Coy, FL 32134

Property Detail Name Property Detail Value
Address 11250 NE 220th St, Fort Mc Coy, FL 32134
Property Type Single Family
Price $340,000
Price Change -$10,000
Tax Assessed Value $275,992
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 3.0
Bathrooms 2.0
Living Area 1,943.0
Lot Area 3.75
Lot Area Unit ACRES
Year Built 2009

Weighing the Investment Potential

In conclusion, this property presents a compelling investment opportunity with its attractive financial metrics and serene location. The strong cap rate and monthly rental income suggest a solid return on investment, especially for those looking to capitalize on the growing demand for peaceful retreats. However, the need for repairs and the modest cash flow should not be overlooked, as they could impact overall profitability. Investors must carefully consider their financial goals and risk tolerance before proceeding. If you're ready to explore a property that combines charm with potential, this could be the right fit for you. Don't miss out on the chance to invest in your future!

Financial Summary for 11250 NE 220th St, Fort Mc Coy, FL 32134

Financial Metric Name Financial Metric Value
Cash on Cash Return 2.4%
Monthly Rent $2,149
Net Operating Income $2,047
Cap Rate 7.2%
Monthly Cash Flow $138
Gross Rent Multiplier 13.2
Debt Service Coverage Ratio 1.2
Principal and Interest $1,716
Tax $193
HOA Fees $0
Insurance $102
Total Payment $2,011