Pros & Cons of 43 San Jose Cir, Ormond Beach, FL 32176

Investing in real estate can be a lucrative opportunity, and this property offers a unique blend of advantages and challenges. Located in the desirable Ormond by the Sea area, this concrete block home boasts ample natural light and privacy with en suite bedrooms. The financial metrics indicate a solid cap rate of 7.3% and a monthly rent of $2,545, which can provide a steady income stream. However, the cash on cash return of 2.5% and a monthly cash flow of $168 suggest that while the property is promising, it may not yield high immediate returns. Understanding these factors is crucial for any investor looking to make a sound decision.

Weighing the Investment Potential

In conclusion, this property presents a balanced investment opportunity with both appealing financial metrics and notable risks. The strong cap rate and consistent rental income are significant positives, making it an attractive option for investors seeking stable returns. However, the modest cash flow and lower cash on cash return may deter those looking for high-yield investments. It's essential to consider the local market dynamics and potential risks, such as seasonal fluctuations in demand. Overall, this property could be a valuable addition to a diversified real estate portfolio, but investors should conduct thorough due diligence before making a commitment.