Pros & Cons of 28 Raeland Ln, Palm Coast, FL 32164

Investing in real estate can be a rewarding venture, and this beautifully updated home offers a compelling opportunity for potential investors. With a new roof and modern upgrades throughout, including a brand new kitchen and luxury vinyl plank flooring, this property is move-in ready and appealing to renters. The absence of HOA fees adds to its attractiveness, while the proximity to shopping, schools, and the beach enhances its rental potential. However, the cash on cash return of 2.3% and a monthly cash flow of $120 may raise some concerns for investors seeking higher returns. It's essential to weigh these financial factors carefully before making a decision.

Weighing the Investment Potential

In conclusion, this property presents a mix of appealing features and financial considerations for potential investors. The strong cap rate and positive net operating income suggest a solid foundation for rental income, while the lack of HOA fees and recent renovations enhance its attractiveness. However, the lower cash on cash return and modest monthly cash flow may deter some investors looking for higher yields. It's crucial to assess your investment strategy and risk tolerance before proceeding, as this property could be a valuable addition to the right portfolio. Don't miss the chance to explore this opportunity further!