Real Estate

Pros & Cons of 1640 Juno Trl APT 104H, Astor, FL 32102

Investing in a riverside condo can be an enticing opportunity, especially when considering the unique features and amenities this property offers. With a dedicated covered boat slip, a motorized boat lift, and a serene location on the St. Johns River, this condo presents a lifestyle that many dream of. However, potential investors should also be aware of the financial metrics, such as a negative cash on cash return and a monthly cash flow deficit, which may raise concerns. Balancing the allure of waterfront living with the financial realities is crucial for making an informed investment decision.

What are the Pros of 1640 Juno Trl APT 104H, Astor, FL 32102?

Attractive cap rate of 6.6%, indicating potential for good returns.
Access to community amenities like a clubhouse and large inground pool.
Recent updates including a new seawall and roof replacement enhance property value.
Spacious open floor plan with natural light and water views, appealing to renters.
Dedicated covered boat slip and motorized boat lift, perfect for boating enthusiasts.

What are the Cons of 1640 Juno Trl APT 104H, Astor, FL 32102?

Negative cash on cash return of -0.8%, indicating a potential loss on investment.
Monthly cash flow deficit of $35, which could impact overall profitability.
HOA fees of $330 may add to the monthly expenses for investors.
Dependence on rental income to cover costs, which may fluctuate.
Market conditions could affect rental demand and pricing.

What are potential Red Flags or Risks with 1640 Juno Trl APT 104H, Astor, FL 32102?

Negative monthly cash flow could lead to financial strain.
Market volatility may impact property value and rental income.
High HOA fees could deter potential renters.
Dependence on the condition of the property and its amenities for maintaining rental appeal.
Potential for unexpected maintenance costs, especially with older properties.

Property Details for 1640 Juno Trl APT 104H, Astor, FL 32102

Property Detail Name	Property Detail Value
Address	1640 Juno Trl APT 104H, Astor, FL 32102
Property Type	Condo
Price	$264,900
Price Change	$0
Tax Assessed Value	$191,334
Non Owner Occupied?	Yes
Pre Foreclosure Auction	No
Bedrooms	2.0
Bathrooms	2.0
Living Area	1,102.0
Lot Area	0.73
Lot Area Unit	ACRES
Year Built	1984

Weighing the Investment Potential

In conclusion, this riverside condo offers a unique blend of lifestyle and investment potential, but it comes with its share of financial challenges. The attractive cap rate and community amenities are significant positives, appealing to both renters and investors. However, the negative cash on cash return and monthly cash flow deficit raise red flags that cannot be ignored. Investors must carefully consider their financial strategy and the potential risks involved. If you are ready to embrace the waterfront lifestyle while navigating the complexities of real estate investment, schedule your showing today and explore the possibilities!

Financial Summary for 1640 Juno Trl APT 104H, Astor, FL 32102

Financial Metric Name	Financial Metric Value
Cash on Cash Return	-0.8%
Monthly Rent	$1,868
Net Operating Income	$1,459
Cap Rate	6.6%
Monthly Cash Flow	-$35
Gross Rent Multiplier	11.8
Debt Service Coverage Ratio	1.1
Principal and Interest	$1,333
Tax	$161
HOA Fees	$330
Insurance	$79
Total Payment	$1,903