Investing in real estate can be a lucrative venture, and this property presents a compelling opportunity for potential investors. With a spacious layout, modern amenities, and a desirable location in the Watson Woods community, it offers both comfort and functionality. However, while the property boasts a strong cap rate and positive cash flow, investors should also consider the potential risks associated with the market and property management. Balancing these factors is crucial for making an informed investment decision.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 4805 DEVONSHIRE Drive, St Augustine, FL 32086 |
| Property Type | Single Family |
| Price | $344,900 |
| Price Change | -$15,000 |
| Tax Assessed Value | $316,651 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 3.0 |
| Bathrooms | 2.0 |
| Living Area | 1,714.0 |
| Lot Area | 0.48 |
| Lot Area Unit | ACRES |
| Year Built | 1995 |
In conclusion, this property offers a mix of attractive financial metrics and potential drawbacks that investors must carefully consider. The strong cap rate and positive net operating income suggest a solid investment opportunity, while the absence of HOA fees adds to its appeal. However, the modest cash flow and lower cash on cash return may not meet the expectations of all investors. Additionally, the risks associated with the seller's lack of occupancy and market fluctuations warrant a thorough analysis. Ultimately, conducting due diligence and assessing personal investment goals will be key to determining if this property aligns with your investment strategy.
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | 2.7% |
| Monthly Rent | $2,195 |
| Net Operating Income | $2,092 |
| Cap Rate | 7.3% |
| Monthly Cash Flow | $154 |
| Gross Rent Multiplier | 13.1 |
| Debt Service Coverage Ratio | 1.2 |
| Principal and Interest | $1,740 |
| Tax | $198 |
| HOA Fees | $0 |
| Insurance | $103 |
| Total Payment | $2,041 |