Pros & Cons of 17 Claridge Ct S, Palm Coast, FL 32137

This charming waterfront retreat in Palm Coast presents a unique investment opportunity, blending relaxation with adventure. With a prime location just minutes from the beach and local amenities, this property boasts a strong potential for rental income, highlighted by a monthly rent of $2,833 and a cap rate of 7.7%. However, investors should be aware of the $40,000 seawall repair needed, which could impact initial cash flow. The property features 2 bedrooms, 2 bathrooms, and a versatile bonus room, making it appealing to a wide range of tenants. The spacious living area and oversized lanai offer picturesque water views, enhancing its rental attractiveness. Overall, this property represents a solid investment with both promising returns and some necessary repairs to consider.

Weighing the Investment Potential

Investing in this waterfront property offers a compelling mix of benefits and challenges. The strong cash flow and attractive cap rate suggest a solid return on investment, particularly for those looking to capitalize on the rental market in a desirable location. However, the significant seawall repair cost poses a financial risk that could affect short-term profitability. Investors should carefully consider their financial strategy and readiness to manage potential maintenance issues. Overall, this property has the potential to be a lucrative investment, provided that the necessary repairs are addressed and the market conditions remain favorable. Don't miss out on this opportunity—contact us today to learn more!