Investing in real estate can be a rewarding venture, and this stunning 2023-built Meritage home in the LPGA community presents a unique opportunity. With its spacious layout, modern amenities, and prime location near golf courses, shopping, and the beach, it offers a lifestyle upgrade that many seek. However, potential investors should weigh the financial metrics carefully, as the cash on cash return is slightly negative, and monthly cash flow is also in the red. Despite these concerns, the property boasts a solid cap rate of 6.7% and a net operating income of $2,444, making it an attractive option for those willing to navigate the initial financial hurdles.
Property Detail Name | Property Detail Value |
---|---|
Address | 125 Links Terrace Blvd, Daytona Beach, FL 32124 |
Property Type | Single Family |
Price | $435,000 |
Price Change | $0 |
Tax Assessed Value | $45,000 |
Non Owner Occupied? | Yes |
Pre Foreclosure Auction | No |
Bedrooms | 4.0 |
Bathrooms | 3.0 |
Living Area | 2,360.0 |
Lot Area | 5000.0 |
Lot Area Unit | SQFT |
Year Built | 2023 |
In conclusion, this property presents a mixed bag of financial factors for potential investors. On the positive side, the cap rate of 6.7% and a net operating income of $2,444 suggest that, with the right management, this home could yield solid returns over time. However, the negative cash on cash return and slightly negative monthly cash flow indicate that investors may need to be prepared for initial financial challenges. Ultimately, the decision to invest should be based on a thorough analysis of both the immediate costs and the long-term potential of this desirable property.
Financial Metric Name | Financial Metric Value |
---|---|
Cash on Cash Return | -0.2% |
Monthly Rent | $2,688 |
Net Operating Income | $2,444 |
Cap Rate | 6.7% |
Monthly Cash Flow | -$11 |
Gross Rent Multiplier | 13.5 |
Debt Service Coverage Ratio | 1.1 |
Principal and Interest | $2,190 |
Tax | $265 |
HOA Fees | $113 |
Insurance | $131 |
Total Payment | $2,699 |