Investing in real estate can be a lucrative opportunity, and the property at 177 Whirlwind Loop, Hawthorne, FL 32640, presents a compelling case for potential investors. With its new construction status, modern amenities, and a spacious layout, this home is designed to attract renters and buyers alike. The financial metrics indicate a solid cap rate of 7.1% and a monthly rent of $1,979, which can provide a steady cash flow. However, investors should also consider the cash on cash return of 2.1% and the relatively modest monthly cash flow of $111, which may not meet the expectations of all investors. Balancing these pros and cons is essential for making an informed decision.
Property Detail Name | Property Detail Value |
---|---|
Address | 177 Whirlwind Loop, Hawthorne, FL 32640 |
Property Type | Single Family |
Price | $317,999 |
Price Change | -$7,001 |
Tax Assessed Value | $17,280 |
Non Owner Occupied? | Yes |
Pre Foreclosure Auction | No |
Bedrooms | 3.0 |
Bathrooms | 2.0 |
Living Area | 1,270.0 |
Lot Area | 2.16 |
Lot Area Unit | ACRES |
Year Built | 2024 |
In conclusion, the property at 177 Whirlwind Loop offers a mix of attractive financial metrics and potential drawbacks that investors must carefully consider. The strong cap rate and appealing rental income suggest a promising investment opportunity, particularly for those looking to enter the rental market. However, the lower cash on cash return and modest monthly cash flow may not align with every investor's goals. It's crucial to evaluate your financial strategy and risk tolerance before making a decision. If you're ready to explore this investment further, schedule your showing today!
Financial Metric Name | Financial Metric Value |
---|---|
Cash on Cash Return | 2.1% |
Monthly Rent | $1,979 |
Net Operating Income | $1,884 |
Cap Rate | 7.1% |
Monthly Cash Flow | $111 |
Gross Rent Multiplier | 13.4 |
Debt Service Coverage Ratio | 1.2 |
Principal and Interest | $1,585 |
Tax | $188 |
HOA Fees | $0 |
Insurance | $95 |
Total Payment | $1,868 |