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.
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 |
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 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 |