Investing in real estate can be a lucrative opportunity, and this property offers a unique blend of features that may appeal to potential investors. With three bedrooms and two bathrooms, this newly renovated home on 4.6 wooded acres provides ample space and privacy. The financial metrics indicate a solid cash flow and a competitive cap rate, making it an attractive option. However, investors should also consider the potential challenges, such as the property's location and maintenance costs. Balancing these pros and cons is essential for making an informed investment decision.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 13707 SE 171st Ln, Hawthorne, FL 32640 |
| Property Type | Single Family |
| Price | $339,000 |
| Price Change | -$2,000 |
| Tax Assessed Value | $178,726 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 3.0 |
| Bathrooms | 2.0 |
| Living Area | 2,080.0 |
| Lot Area | 4.6 |
| Lot Area Unit | ACRES |
| Year Built | 1984 |
In conclusion, this property presents a compelling investment opportunity with its strong cash flow and attractive cap rate. The newly renovated features and spacious lot add significant value, making it a desirable option for renters. However, potential investors should remain cautious of the location's impact on tenant demand and the associated maintenance costs. Balancing these financial factors is crucial for a successful investment. If you're looking for a property that combines comfort with investment potential, this could be the right choice for you. Don't miss out on the chance to explore this opportunity further!
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | 3.8% |
| Monthly Rent | $2,285 |
| Net Operating Income | $2,183 |
| Cap Rate | 7.7% |
| Monthly Cash Flow | $212 |
| Gross Rent Multiplier | 12.4 |
| Debt Service Coverage Ratio | 1.3 |
| Principal and Interest | $1,705 |
| Tax | $266 |
| HOA Fees | $0 |
| Insurance | $102 |
| Total Payment | $2,073 |