This newly constructed home presents a compelling opportunity for real estate investors, combining modern amenities with a prime location. With three bedrooms and two bathrooms, it offers ample space for families or potential renters. The financial metrics indicate a solid cash flow and a favorable cap rate, making it an attractive investment. However, potential investors should also consider the ongoing costs associated with property management and maintenance. Overall, this property stands out for its quality construction and strategic location, but careful financial analysis is essential.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 410 N Virginia Ave, Deland, FL 32724 |
| Property Type | Single Family |
| Price | $345,000 |
| Price Change | $0 |
| Tax Assessed Value | $31,280 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 3.0 |
| Bathrooms | 2.0 |
| Living Area | 1,547.0 |
| Lot Area | 9184.0 |
| Lot Area Unit | SQFT |
| Year Built | 2024 |
Investing in this property offers a blend of positive financial indicators and potential risks that every investor should weigh carefully. The strong cash flow and cap rate suggest a promising return on investment, particularly given the home's modern features and desirable location. However, the relatively modest monthly cash flow and the potential for maintenance costs should not be overlooked. As with any investment, conducting thorough due diligence and considering market conditions will be crucial in making an informed decision. If you're ready to explore this opportunity further, now is the time to act!
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | 4.9% |
| Monthly Rent | $2,335 |
| Net Operating Income | $2,231 |
| Cap Rate | 7.8% |
| Monthly Cash Flow | $284 |
| Gross Rent Multiplier | 12.3 |
| Debt Service Coverage Ratio | 1.3 |
| Principal and Interest | $1,737 |
| Tax | $210 |
| HOA Fees | $0 |
| Insurance | $104 |
| Total Payment | $2,051 |