Investing in real estate can be a rewarding venture, and this property offers a unique blend of natural beauty and investment potential. With over 29 acres of pristine land, it provides a serene escape for outdoor enthusiasts while also presenting opportunities for future appreciation. However, potential investors should be aware of the current negative cash flow and the challenges that come with rural properties. Balancing the allure of a tranquil lifestyle against the financial metrics is crucial for making an informed decision.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 320 Volusian Forest Trl, Pierson, FL 32180 |
| Property Type | Single Family |
| Price | $525,000 |
| Price Change | $0 |
| Tax Assessed Value | $312,017 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 3.0 |
| Bathrooms | 2.0 |
| Living Area | 1,947.0 |
| Lot Area | 29.26 |
| Lot Area Unit | ACRES |
| Year Built | 2008 |
In conclusion, this property presents a compelling opportunity for those seeking a blend of rural tranquility and investment potential. The expansive land offers a unique lifestyle and the possibility of long-term appreciation, which is a significant positive factor. However, the current financial metrics, including negative cash flow and a low cash on cash return, raise concerns for immediate profitability. Investors must carefully consider their financial strategy and the potential risks associated with rural investments before making a decision. Schedule a private showing today to explore this unique opportunity further!
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | -5.1% |
| Monthly Rent | $2,674 |
| Net Operating Income | $2,516 |
| Cap Rate | 5.8% |
| Monthly Cash Flow | -$444 |
| Gross Rent Multiplier | 16.4 |
| Debt Service Coverage Ratio | 1.0 |
| Principal and Interest | $2,641 |
| Tax | $319 |
| HOA Fees | $0 |
| Insurance | $158 |
| Total Payment | $3,118 |