Investing in real estate can be a lucrative opportunity, and this property presents a unique blend of potential and challenges. With a spacious 4-bedroom layout on 2.67 acres, the home offers a functional split bedroom floor plan and ample living space, making it appealing for families or renters. However, the property is being sold strictly as-is, which may deter some investors. Additionally, the flood zone designation could introduce extra costs for insurance. Despite these concerns, the financial metrics indicate a solid cash flow and a competitive cap rate, making it a worthy consideration for savvy investors.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 3780 Juniper Ln, Ormond Beach, FL 32174 |
| Property Type | Single Family |
| Price | $489,900 |
| Price Change | -$5,100 |
| Tax Assessed Value | $439,455 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 4.0 |
| Bathrooms | 4.0 |
| Living Area | 2,908.0 |
| Lot Area | 2.67 |
| Lot Area Unit | ACRES |
| Year Built | 2006 |
In conclusion, this property offers a compelling investment opportunity with its strong cash flow and attractive cap rate. The spacious layout and lack of HOA fees further enhance its appeal to potential renters. However, investors must remain cautious of the as-is sale condition and the implications of being in a flood zone, which could lead to increased costs. Overall, if you are prepared to navigate these challenges, this property could serve as a solid addition to your real estate portfolio. Don't miss out on the chance to explore this investment further!
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | 3.9% |
| Monthly Rent | $3,234 |
| Net Operating Income | $3,087 |
| Cap Rate | 7.6% |
| Monthly Cash Flow | $322 |
| Gross Rent Multiplier | 12.6 |
| Debt Service Coverage Ratio | 1.3 |
| Principal and Interest | $2,467 |
| Tax | $298 |
| HOA Fees | $0 |
| Insurance | $147 |
| Total Payment | $2,912 |