Investing in real estate can be a lucrative venture, and this contemporary energy-efficient home presents a compelling opportunity. With its solid construction and modern amenities, it offers a strong cash flow potential and a favorable cap rate. However, potential investors should also consider the modest cash on cash return and the ongoing costs associated with property management. Balancing these factors is crucial for making an informed decision.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 222 Gay St SE, Live Oak, FL 32064 |
| Property Type | Single Family |
| Price | $289,000 |
| Price Change | -$3,000 |
| Tax Assessed Value | $236,828 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 3.0 |
| Bathrooms | 2.0 |
| Living Area | 1,645.0 |
| Lot Area | 10454.4 |
| Lot Area Unit | SQFT |
| Year Built | 2004 |
In conclusion, this property offers a mix of attractive financial metrics and some challenges that investors must navigate. The strong cap rate and solid monthly rent are significant positives, suggesting a reliable income stream. However, the lower cash on cash return and modest cash flow may deter some investors looking for higher immediate returns. It's essential to consider both the potential for appreciation and the risks associated with market fluctuations. Overall, this property could be a valuable addition to a diversified real estate portfolio, provided that investors are prepared for the associated responsibilities and risks.
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | 3.1% |
| Monthly Rent | $1,906 |
| Net Operating Income | $1,810 |
| Cap Rate | 7.5% |
| Monthly Cash Flow | $148 |
| Gross Rent Multiplier | 12.6 |
| Debt Service Coverage Ratio | 1.2 |
| Principal and Interest | $1,481 |
| Tax | $181 |
| HOA Fees | $0 |
| Insurance | $96 |
| Total Payment | $1,758 |