Investing in real estate can be a lucrative opportunity, and this highly desired 3-bedroom, 2-bath Courtyard Villa presents a compelling case. With a new roof and updated HVAC system, this property is not only move-in ready but also offers a strong cash flow potential. The location is ideal, being close to various recreational facilities and community amenities, which enhances its appeal to potential renters. However, investors should also consider the competitive market and the potential for fluctuating rental demand in the area. Overall, this property stands out for its financial metrics, but it's essential to weigh both the advantages and challenges before making a decision.
Property Detail Name | Property Detail Value |
---|---|
Address | 17694 SE 84th Peyton Ct, The Villages, FL 32162 |
Property Type | Single Family |
Price | $325,000 |
Price Change | $0 |
Tax Assessed Value | $311,638 |
Non Owner Occupied? | Yes |
Pre Foreclosure Auction | No |
Bedrooms | 3.0 |
Bathrooms | 2.0 |
Living Area | 1,607.0 |
Lot Area | 4792.0 |
Lot Area Unit | SQFT |
Year Built | 2002 |
In conclusion, this property offers a strong financial profile with a solid cash flow and attractive cap rate, making it a worthy consideration for any real estate investor. The absence of HOA fees and the recent upgrades add to its appeal, ensuring that it stands out in a competitive market. However, potential investors should remain cautious of the local rental market dynamics and the risks associated with property value fluctuations. Balancing these positive and negative factors will be crucial in determining whether this investment aligns with your financial goals. Don't miss out on the opportunity to explore this property further—schedule a personal tour today!
Financial Metric Name | Financial Metric Value |
---|---|
Cash on Cash Return | 6.8% |
Monthly Rent | $2,286 |
Net Operating Income | $2,188 |
Cap Rate | 8.1% |
Monthly Cash Flow | $366 |
Gross Rent Multiplier | 11.8 |
Debt Service Coverage Ratio | 1.3 |
Principal and Interest | $1,638 |
Tax | $184 |
HOA Fees | $0 |
Insurance | $98 |
Total Payment | $1,920 |