This stunning waterfront retreat in Astor, FL, offers a unique blend of luxury and natural beauty, making it an attractive option for real estate investors. With its spacious layout, luxurious amenities, and breathtaking views, this property has the potential to be a lucrative investment. However, potential buyers should also consider the financial metrics, including a negative cash on cash return and monthly cash flow challenges. Balancing these pros and cons is essential for making an informed investment decision.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 1610 Yellow Brick Rd, Astor, FL 32102 |
| Property Type | Single Family |
| Price | $919,900 |
| Price Change | -$30,000 |
| Tax Assessed Value | $657,402 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 5.0 |
| Bathrooms | 5.0 |
| Living Area | 4,871.0 |
| Lot Area | 0.7110881542699724 |
| Lot Area Unit | ACRES |
| Year Built | 1989 |
Investing in this waterfront property presents both opportunities and challenges. On the positive side, the luxurious amenities and prime location can attract high-paying tenants, supported by a strong monthly rent. However, the negative cash flow and cash on cash return raise concerns about the property's immediate financial viability. Investors should carefully consider their financial strategy and long-term goals before proceeding. This property could be a dream investment for the right buyer, but due diligence is essential to navigate the potential risks involved.
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | -1.4% |
| Monthly Rent | $5,180 |
| Net Operating Income | $4,904 |
| Cap Rate | 6.4% |
| Monthly Cash Flow | -$221 |
| Gross Rent Multiplier | 14.8 |
| Debt Service Coverage Ratio | 1.1 |
| Principal and Interest | $4,565 |
| Tax | $560 |
| HOA Fees | $0 |
| Insurance | $276 |
| Total Payment | $5,401 |