Pros & Cons of 504 LEGION Terrace, Starke, FL 32091

This charming 3-bedroom, 2-bathroom home in Starke, Florida, presents a compelling opportunity for real estate investors. With a solid cash on cash return of 5.5% and a cap rate of 8.2%, this property offers a promising financial outlook. The monthly rent of $1,692 and a net operating income of $1,614 contribute to a healthy monthly cash flow of $216, making it an attractive option for both first-time buyers and seasoned investors. However, potential buyers should also consider the local market dynamics and any associated risks that may impact long-term value.

Weighing the Investment Potential

Investing in this property presents a balanced opportunity with both positive and negative financial factors to consider. The strong cash flow and cap rate indicate a solid return on investment, while the absence of HOA fees adds to its appeal. However, investors should remain cautious of market fluctuations and potential maintenance costs that could arise. Overall, this property could serve as a valuable addition to an investment portfolio, provided that due diligence is conducted to mitigate risks and maximize returns.