This beautifully updated home offers a unique blend of comfort and investment potential, making it an attractive option for property investors. With a spacious layout, modern amenities, and a prime location in a tranquil community, it presents a compelling opportunity. However, potential buyers should also consider the financial metrics, including a cash on cash return of 4.2% and a cap rate of 7.6%, which indicate a solid investment. On the flip side, the monthly cash flow of $219 may not be substantial enough for some investors, and the property’s location, while peaceful, may limit rental demand compared to more urban areas.
Property Detail Name | Property Detail Value |
---|---|
Address | 2730 Woodland Dr, Edgewater, FL 32141 |
Property Type | Single Family |
Price | $309,900 |
Price Change | $0 |
Tax Assessed Value | $276,632 |
Non Owner Occupied? | Yes |
Pre Foreclosure Auction | No |
Bedrooms | 3.0 |
Bathrooms | 2.0 |
Living Area | 1,575.0 |
Lot Area | 0.3443526170798898 |
Lot Area Unit | ACRES |
Year Built | 1990 |
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 monthly rent suggest a solid return on investment, while the absence of HOA fees adds to its attractiveness. However, the relatively low monthly cash flow and potential location drawbacks could impact long-term profitability. Investors should carefully evaluate their financial goals and the local market conditions before making a decision. Schedule a showing today to explore this promising investment opportunity further!
Financial Metric Name | Financial Metric Value |
---|---|
Cash on Cash Return | 4.2% |
Monthly Rent | $2,062 |
Net Operating Income | $1,969 |
Cap Rate | 7.6% |
Monthly Cash Flow | $219 |
Gross Rent Multiplier | 12.5 |
Debt Service Coverage Ratio | 1.3 |
Principal and Interest | $1,561 |
Tax | $189 |
HOA Fees | $0 |
Insurance | $93 |
Total Payment | $1,843 |