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.
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 |
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 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 |