Real Estate

Pros & Cons of 25232 NE 142nd St, Fort Mc Coy, FL 32134

Investing in real estate can be a rewarding venture, and this charming park model home in Salt Springs Resort presents a unique opportunity for both personal enjoyment and financial gain. With a fully furnished layout, a spacious sunroom, and a versatile loft, this property is ideal for weekend getaways or as a lucrative Airbnb investment. The community offers a wealth of amenities, including pools, sports courts, and direct access to beautiful lakes, enhancing its appeal. However, potential investors should consider the modest cash flow and the associated costs such as HOA fees and insurance, which may impact overall profitability.

What are the Pros of 25232 NE 142nd St, Fort Mc Coy, FL 32134?

Strong cap rate of 6.9%, indicating good potential returns.
Access to a variety of recreational amenities, enhancing rental appeal.
Fully furnished, reducing initial investment costs for furnishings.
Located in a gated community, providing security and exclusivity.
Proximity to natural attractions, increasing desirability for renters.

What are the Cons of 25232 NE 142nd St, Fort Mc Coy, FL 32134?

Low cash on cash return of 1.2%, indicating limited immediate cash flow.
Monthly cash flow of only $36, which may not cover unexpected expenses.
HOA fees of $197, which can eat into profits.
Potential seasonal fluctuations in rental demand.
Insurance and tax costs that may increase over time.

What are potential Red Flags or Risks with 25232 NE 142nd St, Fort Mc Coy, FL 32134?

Market volatility affecting property values and rental rates.
Dependence on tourism for rental income, which can be unpredictable.
Maintenance costs associated with older properties.
Regulatory changes impacting short-term rentals.
Potential for increased competition in the rental market.

Property Details for 25232 NE 142nd St, Fort Mc Coy, FL 32134

Property Detail Name	Property Detail Value
Address	25232 NE 142nd St, Fort Mc Coy, FL 32134
Property Type	Single Family
Price	$174,900
Price Change	$0
Tax Assessed Value	$0
Non Owner Occupied?	Yes
Pre Foreclosure Auction	No
Bedrooms	1.0
Bathrooms	1.0
Living Area	408.0
Lot Area	6098.0
Lot Area Unit	SQFT
Year Built	2006

Weighing the Investment Potential

In conclusion, this property offers a blend of charm and investment potential, making it an attractive option for those looking to enter the real estate market. The strong cap rate and access to amenities are significant positives that can enhance rental income. However, the low cash flow and ongoing costs such as HOA fees and insurance present challenges that investors must navigate. It's essential to consider both the immediate financial metrics and the long-term appreciation potential when making a decision. If you're ready to explore a property that combines leisure with investment, this could be the opportunity you've been waiting for.

Financial Summary for 25232 NE 142nd St, Fort Mc Coy, FL 32134

Financial Metric Name	Financial Metric Value
Cash on Cash Return	1.2%
Monthly Rent	$1,257
Net Operating Income	$1,008
Cap Rate	6.9%
Monthly Cash Flow	$36
Gross Rent Multiplier	11.6
Debt Service Coverage Ratio	1.2
Principal and Interest	$873
Tax	$99
HOA Fees	$197
Insurance	$52
Total Payment	$1,221