Pros & Cons of 171 Fox Glen Ct, Ormond Beach, FL 32174

Investing in real estate can be a lucrative opportunity, and this property in a desirable gated community offers a compelling mix of charm and functionality. With three spacious bedrooms and three full bathrooms, it caters to families and investors alike. The financial metrics are promising, showcasing a solid cash on cash return of 7.8% and a cap rate of 8.3%, which are attractive for potential investors. However, it's essential to consider the associated costs, such as HOA fees and insurance, which can impact overall profitability. This property also features a converted garage that serves as an in-law suite, adding versatility and potential rental income. While the positives are significant, potential investors should remain aware of the ongoing expenses and market conditions that could affect their investment.

Weighing the Investment Potential

In conclusion, this property presents a strong investment opportunity with its attractive financial metrics and desirable location. The cash on cash return and cap rate suggest that it can generate a healthy income stream, especially with the added benefit of the in-law suite for potential rental income. However, investors must also consider the ongoing costs, such as HOA fees and insurance, which can eat into profits. Additionally, market conditions and competition should be monitored closely to ensure sustained demand for rentals. Overall, this property could be a valuable addition to an investment portfolio, but due diligence is essential to maximize returns.