Real Estate

Pros & Cons of 225 Gardenia Ave, Georgetown, FL 32139

This newly constructed 2-bedroom, 2-bathroom home offers a unique blend of elegance and natural beauty, making it an attractive option for both first-time investors and those looking to downsize. With a picturesque view and a spacious back patio, this property promises a serene living experience. However, potential investors should consider the modest cash on cash return of 2.0% and the relatively low monthly cash flow of $71, which may not meet the expectations of all investors. On the upside, the property boasts a strong cap rate of 7.2% and a net operating income of $1,289, indicating solid rental potential in a desirable community.

What are the Pros of 225 Gardenia Ave, Georgetown, FL 32139?

  • Strong cap rate of 7.2% indicating good rental potential.
  • Net operating income of $1,289, providing a solid income stream.
  • Access to a private common area with amenities like a boat ramp and fishing dock.
  • New construction with optional upgrades available, appealing to modern buyers.
  • Located in a peaceful community, ideal for retirees or vacation rentals.

What are the Cons of 225 Gardenia Ave, Georgetown, FL 32139?

  • Cash on cash return is relatively low at 2.0%.
  • Monthly cash flow of only $71 may not satisfy all investors.
  • Potential for higher maintenance costs associated with new construction.

What are potential Red Flags or Risks with 225 Gardenia Ave, Georgetown, FL 32139?

  • Market fluctuations could impact rental demand and property value.
  • HOA fees, although low, could increase in the future.
  • Dependence on the local economy and tourism for rental income.

Property Details for 225 Gardenia Ave, Georgetown, FL 32139

Property Detail Name Property Detail Value
Address 225 Gardenia Ave, Georgetown, FL 32139
Property Type Single Family
Price $214,900
Price Change $0
Tax Assessed Value $3,790
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 2.0
Bathrooms 2.0
Living Area 913.0
Lot Area 10018.8
Lot Area Unit SQFT
Year Built N/A

Weighing the Investment Potential

In conclusion, this property presents a compelling opportunity for investors seeking a blend of tranquility and potential rental income. The strong cap rate and net operating income suggest that it can generate a reliable cash flow, making it an attractive option for those looking to invest in a peaceful community. However, the low cash on cash return and modest monthly cash flow may deter some investors. It's essential to consider your investment goals and risk tolerance before proceeding. Overall, this property could serve as a solid addition to a diversified real estate portfolio, especially for those interested in the charm of Georgetown.

Financial Summary for 225 Gardenia Ave, Georgetown, FL 32139

Financial Metric Name Financial Metric Value
Cash on Cash Return 2.0%
Monthly Rent $1,357
Net Operating Income $1,289
Cap Rate 7.2%
Monthly Cash Flow $71
Gross Rent Multiplier 13.2
Debt Service Coverage Ratio 1.2
Principal and Interest $1,091
Tax $127
HOA Fees $4
Insurance $64
Total Payment $1,286