Investing in real estate can be a lucrative venture, and the property on Lake Walden Trail presents a unique opportunity for potential investors. This custom-built waterfront home boasts a brand new roof and a stunning outdoor living space, making it an attractive option for those seeking both comfort and aesthetic appeal. However, while the property offers a solid cash flow and a favorable cap rate, investors should also consider the associated costs such as HOA fees and insurance. Balancing these financial factors is crucial for making an informed decision.
Property Detail Name | Property Detail Value |
---|---|
Address | 40 Lake Walden Trl, Ormond Beach, FL 32174 |
Property Type | Single Family |
Price | $399,000 |
Price Change | -$15,000 |
Tax Assessed Value | $298,368 |
Non Owner Occupied? | Yes |
Pre Foreclosure Auction | No |
Bedrooms | 4.0 |
Bathrooms | 3.0 |
Living Area | 1,919.0 |
Lot Area | 6969.6 |
Lot Area Unit | SQFT |
Year Built | 1994 |
In conclusion, the property on Lake Walden Trail offers a compelling investment opportunity with its attractive financial metrics. The strong cash on cash return and cap rate indicate that this property can generate a solid income stream, making it a worthy consideration for investors. However, it is essential to remain mindful of the ongoing costs, such as HOA fees and insurance, which can impact overall profitability. Additionally, potential risks like market fluctuations and maintenance expenses should be factored into your decision-making process. Ultimately, conducting thorough due diligence will help you determine if this property aligns with your investment goals.
Financial Metric Name | Financial Metric Value |
---|---|
Cash on Cash Return | 5.1% |
Monthly Rent | $2,779 |
Net Operating Income | $2,587 |
Cap Rate | 7.8% |
Monthly Cash Flow | $337 |
Gross Rent Multiplier | 12.0 |
Debt Service Coverage Ratio | 1.3 |
Principal and Interest | $2,007 |
Tax | $243 |
HOA Fees | $72 |
Insurance | $120 |
Total Payment | $2,442 |