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.
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 |
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 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 |