Pros & Cons of 1402 Talton Ave, Deland, FL 32720

Investing in real estate can be a lucrative venture, and this mid-century gem in DeLand offers a unique opportunity for potential investors. With a solid cash on cash return of 3.7% and a cap rate of 7.6%, the property presents a promising financial outlook. The charming features, such as oak hardwood floors and a cozy Florida room, add to its appeal, while the large backyard provides ample space for future enhancements. However, investors should also consider the modest monthly cash flow of $145 and the potential need for renovations, particularly the possibility of adding a second full bath. Balancing these pros and cons is essential for making an informed investment decision.

Weighing the Investment Potential

In conclusion, this property presents a balanced investment opportunity with both appealing financial metrics and some considerations for potential investors. The strong cap rate and attractive rental income suggest a solid return on investment, while the charming features and large backyard enhance its marketability. However, the modest cash flow and potential renovation needs should not be overlooked. Investors must carefully evaluate their financial goals and risk tolerance before proceeding. If you're looking for a property with character and potential, this could be the right fit for you. Don't miss out on the chance to invest in this unique gem!