Pros & Cons of 18665 137th Cres SE, White Springs, FL 32096

This enchanting 2-story home on 8 acres just outside of historic White Springs, Florida, presents a unique opportunity for real estate investors. With its cozy cottage feel and recent renovations, including new roofs and HVAC systems, the property is well-positioned for both permanent residence and vacation rental markets. However, potential investors should be aware of the current negative cash flow and the cash on cash return of -3.3%. While the property boasts a solid cap rate of 6.1% and a monthly rent of $1,713, the monthly cash flow is currently negative, which could impact short-term investment strategies.

Weighing the Investment Potential

Investing in this property offers a blend of opportunities and challenges. The strong cap rate and potential for steady rental income make it an attractive option for investors looking to enter the vacation rental market. However, the negative cash flow and low cash on cash return raise concerns about immediate profitability. Investors should carefully consider their financial strategy and long-term goals before proceeding. With the right management and marketing, this property could yield significant returns, especially given its desirable location and recent upgrades. Don't miss out on the chance to explore this investment opportunity further!