Real Estate

Pros & Cons of 348 Hickory Course Radl, Ocala, FL 34472

This stunning 3-bedroom, 3-bathroom Aria Model home offers a modern design that appeals to both families and professionals. Built in 2021, it features high-quality finishes and practical amenities, making it a desirable investment opportunity. The property boasts a solid cash on cash return of 5.6% and a cap rate of 7.9%, indicating strong potential for profitability. However, investors should also consider the monthly expenses, including HOA fees and insurance, which can impact overall cash flow. With a monthly rent of $2,112 and a net operating income of $1,964, this property presents a balanced investment option, but it’s essential to weigh the financial metrics carefully.

What are the Pros of 348 Hickory Course Radl, Ocala, FL 34472?

  • Strong cash on cash return of 5.6%
  • Attractive cap rate of 7.9%
  • Monthly rent of $2,112 provides solid income
  • Modern amenities and design appeal to renters
  • Fully enclosed backyard offers privacy and security

What are the Cons of 348 Hickory Course Radl, Ocala, FL 34472?

  • Monthly expenses including HOA fees and insurance
  • Potential for maintenance costs in a rental property
  • Market fluctuations could affect rental demand

What are potential Red Flags or Risks with 348 Hickory Course Radl, Ocala, FL 34472?

  • Dependence on rental market stability
  • Possible changes in local property regulations
  • Economic downturns affecting tenant stability

Property Details for 348 Hickory Course Radl, Ocala, FL 34472

Property Detail Name Property Detail Value
Address 348 Hickory Course Radl, Ocala, FL 34472
Property Type Single Family
Price $300,000
Price Change $0
Tax Assessed Value $250,250
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 3.0
Bathrooms 2.0
Living Area 1,670.0
Lot Area 7841.0
Lot Area Unit SQFT
Year Built 2021

Weighing the Investment Potential

Investing in this property presents a compelling opportunity, particularly with its strong cash flow and attractive cap rate. The modern design and desirable location enhance its appeal to potential renters, ensuring a steady income stream. However, investors must remain vigilant about the associated costs, such as HOA fees and insurance, which can erode profits. Additionally, market conditions and economic factors could pose risks to rental demand. Overall, this property stands out as a solid investment, but thorough due diligence is essential. Schedule your showing today to explore this exceptional opportunity!

Financial Summary for 348 Hickory Course Radl, Ocala, FL 34472

Financial Metric Name Financial Metric Value
Cash on Cash Return 5.6%
Monthly Rent $2,112
Net Operating Income $1,964
Cap Rate 7.9%
Monthly Cash Flow $282
Gross Rent Multiplier 11.8
Debt Service Coverage Ratio 1.3
Principal and Interest $1,512
Tax $170
HOA Fees $58
Insurance $90
Total Payment $1,830