Pros & Cons of 16606 NE 19TH Avenue, Starke, FL 32091

This charming 2-story home on nearly 3 secluded acres presents a unique opportunity for real estate investors. With four bedrooms and two and a half bathrooms, the property boasts a spacious layout and a bonus single wide that can be transformed into a rental unit or in-law suite. While the home requires some refreshing, its potential for appreciation and rental income is significant. The financial metrics indicate a solid cash on cash return and a favorable cap rate, making it an attractive investment. However, potential buyers should also consider the costs associated with renovations and the as-is sale condition.

Weighing the Investment Potential

Investing in this property presents a compelling opportunity, particularly with its strong cash on cash return and cap rate. The potential for additional rental income from the bonus single wide enhances its appeal, making it a versatile investment. However, the need for renovations and the as-is condition should not be overlooked, as they could impact overall profitability. Investors must carefully assess the costs associated with refreshing the property and consider the risks of market fluctuations. Overall, this property could be a valuable addition to an investment portfolio, provided that due diligence is conducted.