Investing in real estate can be a lucrative venture, and the property at this location offers a compelling opportunity for potential investors. With a solid cash on cash return of 7.7% and a cap rate of 8.2%, this charming single-family home presents a strong financial case. The absence of HOA fees and CDD dues further enhances its appeal, allowing for greater cash flow. However, it's essential to consider the potential risks, such as market fluctuations and property maintenance costs, which could impact overall profitability.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 4621 THIRD Avenue, St Augustine, FL 32095 |
| Property Type | Single Family |
| Price | $269,900 |
| Price Change | -$100 |
| Tax Assessed Value | $244,198 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 3.0 |
| Bathrooms | 2.0 |
| Living Area | 1,572.0 |
| Lot Area | 6969.6 |
| Lot Area Unit | SQFT |
| Year Built | 2007 |
In conclusion, this property presents a balanced investment opportunity with both attractive financial metrics and potential risks. The strong cash flow and absence of HOA fees make it an appealing choice for investors seeking steady income. However, it's crucial to remain vigilant about market conditions and maintenance costs that could affect profitability. By carefully analyzing these factors, investors can make informed decisions that align with their financial goals. Don't miss out on the chance to invest in this promising property—explore your options today!
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | 7.7% |
| Monthly Rent | $1,919 |
| Net Operating Income | $1,838 |
| Cap Rate | 8.2% |
| Monthly Cash Flow | $348 |
| Gross Rent Multiplier | 11.7 |
| Debt Service Coverage Ratio | 1.4 |
| Principal and Interest | $1,335 |
| Tax | $155 |
| HOA Fees | $0 |
| Insurance | $81 |
| Total Payment | $1,571 |