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.
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 |
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 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 |