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 provides a solid income stream.
  • Net operating income of $1,953 enhances cash flow stability.
  • Move-in ready condition reduces initial renovation costs.
  • Spacious layout and scenic surroundings increase property appeal.

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 $93 is relatively modest.
  • Gross rent multiplier of 13.4 could indicate higher property valuation.

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

  • Market fluctuations could impact rental demand and pricing.
  • Maintenance costs may increase due to the property's age.
  • Limited appreciation potential in the surrounding area.

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

In conclusion, this property presents a compelling opportunity for real estate investors, particularly those seeking a charming home with rental potential. The strong cap rate and solid monthly rent indicate a favorable income stream, while the move-in ready condition minimizes initial costs. However, the modest cash flow and low cash on cash return may deter some investors looking for higher yields. It's crucial to consider the local market dynamics and potential risks before making a commitment. Overall, this property could be a valuable addition to an investment portfolio, but thorough due diligence is essential to ensure it aligns with your financial goals.

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 $93
Gross Rent Multiplier 13.4
Debt Service Coverage Ratio 1.2
Principal and Interest $1,665
Tax $195
HOA Fees $0
Insurance $99
Total Payment $1,959