Investing in real estate can be a rewarding venture, and the property at this location presents a unique opportunity for both seasoned investors and first-time buyers. With its elegant design, natural light, and picturesque views, this new construction home offers a serene retreat that could appeal to a wide range of tenants. The community amenities, including a private common area with a boat ramp and fishing dock, enhance the property's attractiveness. However, potential investors should also consider the financial metrics, such as a modest cash on cash return of 2.5% and a monthly cash flow of $89, which may not meet the expectations of all investors. Balancing these pros and cons is essential for making an informed decision.
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 blend of appealing features and financial considerations that potential investors must carefully evaluate. The elegant design and community amenities offer a strong selling point for attracting tenants, while the cap rate of 7.2% suggests a reasonable return on investment. However, the low cash on cash return and modest monthly cash flow may deter some investors looking for higher yields. It's crucial to consider both the positive aspects, such as the potential for rental income and the attractive location, alongside the financial metrics that may limit profitability. Ultimately, thorough due diligence and a clear understanding of the local market will be key to making a successful investment decision.
Financial Metric Name | Financial Metric Value |
---|---|
Cash on Cash Return | 2.5% |
Monthly Rent | $1,357 |
Net Operating Income | $1,289 |
Cap Rate | 7.2% |
Monthly Cash Flow | $89 |
Gross Rent Multiplier | 13.2 |
Debt Service Coverage Ratio | 1.2 |
Principal and Interest | $1,073 |
Tax | $127 |
HOA Fees | $4 |
Insurance | $64 |
Total Payment | $1,268 |