Real Estate

Pros & Cons of 25 Winding Woods Trl, Ormond Beach, FL 32174

Investing in real estate can be a lucrative opportunity, and this property in Winding Woods presents a compelling case. With a solid cash on cash return of 3.9% and a cap rate of 7.6%, the financial metrics indicate a promising investment. The property boasts a spacious layout with modern updates, including a newer roof and HVAC system, which can reduce maintenance costs. However, potential investors should also consider the monthly cash flow of $235, which, while positive, may not be substantial enough for some. Additionally, the gross rent multiplier of 12.5 suggests that while the property can generate income, it may take time to recoup the initial investment. Overall, this property offers a blend of attractive features and financial considerations that warrant a closer look.

What are the Pros of 25 Winding Woods Trl, Ormond Beach, FL 32174?

  • Strong cap rate of 7.6% indicating good potential for returns.
  • Modern updates including a newer roof and HVAC, reducing future repair costs.
  • Located in a family-friendly community with low traffic, enhancing rental appeal.
  • Spacious layout with multiple living areas, increasing tenant desirability.
  • Eco-friendly features such as solar panels, appealing to environmentally conscious renters.

What are the Cons of 25 Winding Woods Trl, Ormond Beach, FL 32174?

  • Monthly cash flow of $235 may be lower than expected for some investors.
  • Gross rent multiplier of 12.5 indicates a longer time to recoup investment.
  • Potential for fluctuating rental demand in the area.
  • HOA fees, while low, still add to the overall cost of ownership.
  • Market conditions may affect property appreciation rates.

What are potential Red Flags or Risks with 25 Winding Woods Trl, Ormond Beach, FL 32174?

  • Dependence on rental market stability for consistent income.
  • Possible future increases in property taxes or HOA fees.
  • Market competition from newer developments in the area.
  • Maintenance costs could rise as the property ages.
  • Economic downturns could impact rental demand and pricing.

Property Details for 25 Winding Woods Trl, Ormond Beach, FL 32174

Property Detail Name Property Detail Value
Address 25 Winding Woods Trl, Ormond Beach, FL 32174
Property Type Single Family
Price $360,000
Price Change $0
Tax Assessed Value $298,156
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 3.0
Bathrooms 2.0
Living Area 1,776.0
Lot Area 0.25
Lot Area Unit ACRES
Year Built 1989

Weighing the Investment Potential

In conclusion, this property presents a balanced investment opportunity with both appealing financial metrics and some considerations to keep in mind. The strong cap rate and cash on cash return suggest that it can generate a reasonable income, while the modern updates reduce the likelihood of immediate repair costs. However, the relatively low monthly cash flow and the gross rent multiplier indicate that investors should be prepared for a longer-term commitment to see significant returns. Overall, this property could be a solid addition to an investment portfolio, especially for those looking for a family-friendly rental in a desirable community. If you're ready to explore this opportunity further, don't hesitate to reach out!

Financial Summary for 25 Winding Woods Trl, Ormond Beach, FL 32174

Financial Metric Name Financial Metric Value
Cash on Cash Return 3.9%
Monthly Rent $2,394
Net Operating Income $2,267
Cap Rate 7.6%
Monthly Cash Flow $235
Gross Rent Multiplier 12.5
Debt Service Coverage Ratio 1.3
Principal and Interest $1,813
Tax $219
HOA Fees $19
Insurance $108
Total Payment $2,159