Investing in real estate can be a rewarding venture, and this beautifully updated brick pool home presents a unique opportunity. With its modern appeal and inviting outdoor space, it offers a lifestyle that many desire. However, potential investors should weigh the attractive features against the financial metrics, which reveal a negative cash flow and a cash on cash return of -1.0%. While the property boasts a solid cap rate of 6.5% and a monthly rent of $2,210, the monthly cash flow is currently negative, which could impact short-term investment strategies.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 285 SW Royal Ct, Lake City, FL 32024 |
| Property Type | Single Family |
| Price | $389,000 |
| Price Change | $0 |
| Tax Assessed Value | $315,798 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 3.0 |
| Bathrooms | 2.0 |
| Living Area | 2,136.0 |
| Lot Area | 0.51 |
| Lot Area Unit | ACRES |
| Year Built | 2006 |
In conclusion, this property offers a blend of modern comfort and potential for long-term appreciation, but it comes with financial challenges that investors must consider. The attractive features, such as the updated interiors and outdoor amenities, enhance its marketability. However, the negative cash flow and cash on cash return indicate that immediate profitability may be a concern. Investors should carefully evaluate their financial strategy and consider the potential for future appreciation against the current cash flow situation. If you are ready to explore this investment opportunity further, don't hesitate to reach out for more information!
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | -1.0% |
| Monthly Rent | $2,210 |
| Net Operating Income | $2,093 |
| Cap Rate | 6.5% |
| Monthly Cash Flow | -$66 |
| Gross Rent Multiplier | 14.7 |
| Debt Service Coverage Ratio | 1.1 |
| Principal and Interest | $1,961 |
| Tax | $198 |
| HOA Fees | $0 |
| Insurance | $117 |
| Total Payment | $2,276 |