This beautifully renovated double-wide home in the serene Deerhaven community presents a unique investment opportunity. With a spacious layout of 1,620 sq. ft., featuring 4 bedrooms and 2 baths, it offers both comfort and potential for rental income. The property boasts a strong cash on cash return of 4.2% and a cap rate of 7.6%, making it an attractive option for investors. However, potential buyers should consider the ongoing maintenance costs and the competitive rental market in the area. Overall, this property strikes a balance between a peaceful lifestyle and solid financial prospects.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 29445 Central Blvd, Paisley, FL 32767 |
| Property Type | Manufactured |
| Price | $279,000 |
| Price Change | $0 |
| Tax Assessed Value | $91,868 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 4.0 |
| Bathrooms | 2.0 |
| Living Area | 1,620.0 |
| Lot Area | 0.8491735537190083 |
| Lot Area Unit | ACRES |
| Year Built | 1997 |
Investing in this property offers a compelling mix of financial benefits and lifestyle advantages. With a solid cap rate of 7.6% and a monthly cash flow of $195, it stands out as a viable option for generating passive income. However, investors should remain vigilant about the potential risks, including market competition and maintenance costs. Balancing these factors will be crucial in determining the long-term success of your investment. If you're ready to explore this opportunity further, don't hesitate to schedule a showing today!
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | 4.2% |
| Monthly Rent | $1,849 |
| Net Operating Income | $1,765 |
| Cap Rate | 7.6% |
| Monthly Cash Flow | $195 |
| Gross Rent Multiplier | 12.6 |
| Debt Service Coverage Ratio | 1.3 |
| Principal and Interest | $1,403 |
| Tax | $167 |
| HOA Fees | $0 |
| Insurance | $84 |
| Total Payment | $1,654 |