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.
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 |
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 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 |