Real Estate

Pros & Cons of 5534 LASSEN Street, Keystone Heights, FL 32656

Investing in real estate can be a rewarding venture, and the property at this location offers a unique blend of rural tranquility and proximity to urban amenities. With over an acre of land, a new AC system, and updated utilities, this home presents a solid investment opportunity. The potential for a strong cash flow is evident, with a monthly rent of $1,362 and a cash on cash return of 6.7%. However, investors should also consider the challenges of maintaining a rural property, including potential isolation and the need for ongoing maintenance. Balancing these factors is crucial for making an informed decision.

What are the Pros of 5534 LASSEN Street, Keystone Heights, FL 32656?

  • Strong cash flow potential with a monthly rent of $1,362
  • Attractive cash on cash return of 6.7%
  • Cap rate of 8.0%, indicating a good return on investment
  • Updated utilities, reducing immediate maintenance costs
  • Large garage and storage shed, providing ample space for personal or rental use

What are the Cons of 5534 LASSEN Street, Keystone Heights, FL 32656?

  • Potential isolation due to rural setting
  • Ongoing maintenance required for large property
  • Market fluctuations in rural areas may affect property value

What are potential Red Flags or Risks with 5534 LASSEN Street, Keystone Heights, FL 32656?

  • Dependence on local rental market demand
  • Possible higher costs for rural property maintenance
  • Limited access to emergency services in remote areas

Property Details for 5534 LASSEN Street, Keystone Heights, FL 32656

Property Detail Name Property Detail Value
Address 5534 LASSEN Street, Keystone Heights, FL 32656
Property Type Manufactured
Price $196,500
Price Change -$7,500
Tax Assessed Value $68,784
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 3.0
Bathrooms 2.0
Living Area 1,080.0
Lot Area 1.13
Lot Area Unit ACRES
Year Built 1987

Weighing the Investment Potential

In conclusion, this property presents a compelling investment opportunity with its strong financial metrics, including a cap rate of 8.0% and a monthly cash flow of $220. The updated systems and ample storage space add to its appeal, making it a viable option for both personal use and rental income. However, potential investors should remain cautious of the rural setting, which may pose challenges such as isolation and maintenance costs. By carefully considering these factors, investors can make a well-informed decision that aligns with their financial goals. Don't miss out on this opportunity—schedule your showing today!

Financial Summary for 5534 LASSEN Street, Keystone Heights, FL 32656

Financial Metric Name Financial Metric Value
Cash on Cash Return 6.7%
Monthly Rent $1,362
Net Operating Income $1,303
Cap Rate 8.0%
Monthly Cash Flow $220
Gross Rent Multiplier 12.0
Debt Service Coverage Ratio 1.3
Principal and Interest $981
Tax $102
HOA Fees $0
Insurance $59
Total Payment $1,142