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.
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 |
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 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 |