Real Estate

Pros & Cons of 15135 NE 142nd Pl, Fort Mc Coy, FL 32134

Discover a unique investment opportunity that combines the tranquility of nature with solid financial potential. This property offers a spacious 4-bedroom home set on 1.68 acres, surrounded by lush landscaping and close to outdoor recreational activities. With a cash on cash return of 7.8% and a cap rate of 8.2%, this investment promises attractive returns. However, potential investors should consider the ongoing maintenance of the expansive grounds and the need for future upgrades. Overall, this property presents a compelling case for those looking to invest in a serene yet financially viable retreat.

What are the Pros of 15135 NE 142nd Pl, Fort Mc Coy, FL 32134?

  • Strong cash on cash return of 7.8% indicating good profitability.
  • Cap rate of 8.2% suggests a solid investment relative to the purchase price.
  • Monthly rent of $2,108 provides a steady income stream.
  • Ample outdoor space for potential expansion or additional amenities.
  • Proximity to Ocala National Forest enhances appeal for nature enthusiasts.

What are the Cons of 15135 NE 142nd Pl, Fort Mc Coy, FL 32134?

  • Ongoing maintenance costs for the extensive landscaping.
  • Potential need for future upgrades to the home.
  • Market fluctuations in rural areas may affect property value.

What are potential Red Flags or Risks with 15135 NE 142nd Pl, Fort Mc Coy, FL 32134?

  • Dependence on local tourism for rental income may pose risks.
  • Environmental factors could impact property value and desirability.
  • Limited access to urban amenities may deter some renters.

Property Details for 15135 NE 142nd Pl, Fort Mc Coy, FL 32134

Property Detail Name Property Detail Value
Address 15135 NE 142nd Pl, Fort Mc Coy, FL 32134
Property Type Single Family
Price $295,000
Price Change -$19,900
Tax Assessed Value $164,815
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 4.0
Bathrooms 2.0
Living Area 1,800.0
Lot Area 1.68
Lot Area Unit ACRES
Year Built 1986

Weighing the Investment Potential

In conclusion, this property offers a unique blend of natural beauty and financial opportunity, making it an attractive option for investors. The strong cash flow and cap rate indicate a promising return on investment, while the expansive outdoor space allows for future development. However, potential investors should remain cautious of the ongoing maintenance costs and the need for upgrades. Additionally, the rural location may present challenges in terms of market stability and tenant demand. Overall, this property stands out as a potential oasis for those looking to invest in a serene environment with solid financial prospects. Don't miss the chance to explore this investment opportunity further!

Financial Summary for 15135 NE 142nd Pl, Fort Mc Coy, FL 32134

Financial Metric Name Financial Metric Value
Cash on Cash Return 7.8%
Monthly Rent $2,108
Net Operating Income $2,019
Cap Rate 8.2%
Monthly Cash Flow $382
Gross Rent Multiplier 11.7
Debt Service Coverage Ratio 1.4
Principal and Interest $1,470
Tax $167
HOA Fees $0
Insurance $89
Total Payment $1,726