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 cash on cash return of 7.3% and a cap rate of 8.2%, this property offers solid financial metrics that can enhance your investment portfolio. The monthly rent of $1,667 and a net operating income of $1,597 indicate a healthy cash flow, making it an attractive option for both first-time buyers and seasoned investors. However, potential buyers should also consider the ongoing costs, including a total payment of $1,384, which includes principal, interest, taxes, and insurance. Balancing these financial factors is crucial for making an informed investment decision.

Weighing the Investment Potential

In conclusion, this property offers a balanced investment opportunity with its strong financial metrics, including a cash on cash return of 7.3% and a cap rate of 8.2%. The monthly rent and net operating income suggest a reliable income stream, making it appealing for both new and experienced investors. However, it is essential to remain cautious of the total payment obligations and potential maintenance costs that could impact overall profitability. By carefully analyzing these factors, investors can make a well-informed decision that aligns with their financial goals. Don't miss out on this promising investment opportunity—explore it further today!