Pros & Cons of 13881 NE Jacksonville Rd, Citra, FL 32113

This charming cottage, set against the backdrop of Citra's serene countryside, presents a unique investment opportunity. With its zoning allowing for mini-farming, the property offers flexibility for various uses, making it appealing for both residential and agricultural investors. The financial metrics indicate a modest cash on cash return of 1.6% and a cap rate of 7.0%, which are decent for a property of this nature. However, the monthly cash flow is only $77, which may not be sufficient for some investors looking for more substantial returns. Overall, this property combines the allure of rural living with potential financial benefits, but it also comes with considerations that investors should weigh carefully.

Weighing the Investment Potential

Investing in this property presents a blend of opportunities and challenges. On the positive side, the decent cap rate of 7.0% and the potential for mini-farming make it an attractive option for those looking to diversify their investment portfolio. However, the low monthly cash flow and modest cash on cash return may deter investors seeking higher immediate returns. It's essential to consider the long-term potential of the property, especially given its location near equestrian facilities, which could enhance its value over time. Ultimately, thorough due diligence and a clear understanding of the local market dynamics will be crucial for any investor considering this unique property.