Real Estate

Pros & Cons of 11311 NE 211TH Terrace, Waldo, FL 32694

Investing in real estate can be a lucrative opportunity, and this lovely 3-bedroom, 2-bath home in a picturesque neighborhood offers a blend of charm and potential. With a recent roof replacement and a spacious layout, the property is appealing for both families and investors. The low HOA fees and the presence of mature landscaping add to its allure. However, potential investors should consider the cash flow and the overall market conditions, as the cash on cash return is modest at 3.4%. Balancing these pros and cons is essential for making an informed investment decision.

What are the Pros of 11311 NE 211TH Terrace, Waldo, FL 32694?

Attractive cap rate of 7.7%, indicating strong potential for returns.
Monthly rent of $2,046 provides a solid income stream.
Low HOA fees of $400 annually, enhancing cash flow.
Recent roof replacement reduces immediate maintenance costs.
Spacious layout with a screened-in porch adds value for tenants.

What are the Cons of 11311 NE 211TH Terrace, Waldo, FL 32694?

Cash on cash return of 3.4% may not meet all investors' expectations.
Monthly cash flow of $168 is relatively low, limiting reinvestment opportunities.
Gross rent multiplier of 12.2 suggests a higher purchase price relative to rental income.

What are potential Red Flags or Risks with 11311 NE 211TH Terrace, Waldo, FL 32694?

Market fluctuations could impact rental demand and property value.
Dependence on HOA management for neighborhood upkeep may pose risks.
Potential for increased maintenance costs as the property ages.

Property Details for 11311 NE 211TH Terrace, Waldo, FL 32694

Property Detail Name	Property Detail Value
Address	11311 NE 211TH Terrace, Waldo, FL 32694
Property Type	Single Family
Price	$300,000
Price Change	$0
Tax Assessed Value	$184,266
Non Owner Occupied?	Yes
Pre Foreclosure Auction	No
Bedrooms	3.0
Bathrooms	2.0
Living Area	1,390.0
Lot Area	1.07
Lot Area Unit	ACRES
Year Built	2000

Weighing the Investment Potential

In conclusion, this property presents a unique opportunity for investors looking to enter the real estate market. The attractive cap rate and solid monthly rent are significant positives, suggesting a reliable income stream. However, the modest cash flow and cash on cash return indicate that this investment may not be suitable for everyone. Investors should carefully consider their financial goals and the potential risks associated with market fluctuations and HOA management. Overall, this property could be a worthwhile addition to a diversified real estate portfolio, but due diligence is essential. Don't miss out on the chance to explore this investment further—schedule your private tour today!

Financial Summary for 11311 NE 211TH Terrace, Waldo, FL 32694

Financial Metric Name	Financial Metric Value
Cash on Cash Return	3.4%
Monthly Rent	$2,046
Net Operating Income	$1,913
Cap Rate	7.7%
Monthly Cash Flow	$168
Gross Rent Multiplier	12.2
Debt Service Coverage Ratio	1.2
Principal and Interest	$1,557
Tax	$188
HOA Fees	$33
Insurance	$100
Total Payment	$1,878