Real Estate

Pros & Cons of 140 PEAR Street, Welaka, FL 32193

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.

What are the Pros of 140 PEAR Street, Welaka, FL 32193?

  • Strong cap rate of 7.1% indicating good potential returns
  • Monthly rent of $2,052 providing solid cash flow
  • Move-in ready condition, reducing initial renovation costs
  • Spacious layout and attractive features appealing to renters
  • No HOA fees, allowing for greater profit margins

What are the Cons of 140 PEAR Street, Welaka, FL 32193?

  • Cash on cash return of 1.7% may be low for some investors
  • Monthly cash flow of only $95, limiting immediate profit
  • Potential for higher maintenance costs on a larger property

What are potential Red Flags or Risks with 140 PEAR Street, Welaka, FL 32193?

  • Market fluctuations could impact rental demand
  • Location may affect long-term appreciation
  • Dependence on consistent tenant occupancy for cash flow

Property Details for 140 PEAR Street, Welaka, FL 32193

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

Weighing the Investment Potential of This Property

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 Summary for 140 PEAR Street, Welaka, FL 32193

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