Investing in real estate can be a rewarding venture, and this property offers a unique blend of comfort and potential financial benefits. With a spacious 3-bedroom, 2-bathroom layout on nearly 5 acres, it presents an inviting atmosphere for both personal enjoyment and rental opportunities. The property boasts a solid cash flow with a monthly rent of $2,052 and a cap rate of 7.1%, making it an attractive option for investors. However, potential buyers should also consider the cash on cash return of 1.7%, which may not meet the expectations of all investors. Overall, this property stands out for its charm and investment potential, but it is essential to weigh both the positives and negatives before making a decision.
Property Detail Name | Property Detail Value |
---|---|
Address | 140 PEAR Street, Welaka, FL 32193 |
Property Type | Manufactured |
Price | $329,900 |
Price Change | $0 |
Tax Assessed Value | $165,360 |
Non Owner Occupied? | Yes |
Pre Foreclosure Auction | No |
Bedrooms | 3.0 |
Bathrooms | 2.0 |
Living Area | 2,094.0 |
Lot Area | 4.9 |
Lot Area Unit | ACRES |
Year Built | 2003 |
In conclusion, this property presents a compelling opportunity for real estate investors looking for a blend of comfort and potential returns. The strong cap rate of 7.1% and the attractive monthly rent of $2,052 are significant positives that can lead to a profitable investment. However, the cash on cash return of 1.7% and the limited monthly cash flow of $95 may raise concerns for those seeking higher immediate returns. It is crucial for potential investors to carefully evaluate their financial goals and consider the long-term implications of this investment. Schedule a showing today to explore the possibilities this property has to offer!
Financial Metric Name | Financial Metric Value |
---|---|
Cash on Cash Return | 1.7% |
Monthly Rent | $2,052 |
Net Operating Income | $1,953 |
Cap Rate | 7.1% |
Monthly Cash Flow | $95 |
Gross Rent Multiplier | 13.4 |
Debt Service Coverage Ratio | 1.2 |
Principal and Interest | $1,663 |
Tax | $195 |
HOA Fees | $0 |
Insurance | $99 |
Total Payment | $1,957 |