Pros & Cons of 224 OAK RIDGE Drive, Welaka, FL 32193

This charming 3-bedroom, 2-bathroom home offers a delightful blend of classic charm and modern comfort, making it an attractive option for real estate investors. With a recent update to the air conditioning system and new appliances, this property is ready for immediate rental or personal enjoyment. The inviting wraparound porch and spacious 2-car garage add to its appeal, while the open layout enhances the living experience. However, potential investors should consider the modest cash on cash return of 2.0% and the relatively low monthly cash flow of $115, which may impact overall profitability. Balancing these factors is crucial for making an informed investment decision.

Weighing the Investment Potential

Investing in this property presents a unique opportunity, with a solid cap rate of 7.2% and a monthly rent of $2,193 that can generate a reliable income stream. However, the low cash on cash return of 2.0% and modest monthly cash flow of $115 may deter some investors looking for higher returns. The recent updates to the home reduce immediate maintenance concerns, but potential buyers should remain vigilant about market conditions and the overall economic landscape in Welaka. Ultimately, this property could be a worthwhile investment for those who appreciate its charm and are willing to navigate the associated financial factors.