Investing in real estate can be a lucrative opportunity, and the property at this location offers a unique blend of advantages and challenges. With a spacious layout ideal for multigenerational living and a prime location near amenities, this property stands out. However, potential investors should also consider the implications of maintenance costs and the need for potential roof repairs. Understanding both the financial benefits and drawbacks is crucial for making an informed decision.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 5743 Sweetwater Blvd, Port Orange, FL 32127 |
| Property Type | Single Family |
| Price | $665,000 |
| Price Change | -$14,000 |
| Tax Assessed Value | $455,622 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 7.0 |
| Bathrooms | 4.0 |
| Living Area | 3,267.0 |
| Lot Area | 1.0 |
| Lot Area Unit | ACRES |
| Year Built | 1991 |
In conclusion, this property presents a compelling investment opportunity with its strong cash flow and attractive cap rate. The spacious layout and recent upgrades enhance its appeal, particularly for families or investors looking to maximize rental income. However, potential investors must remain vigilant about the risks, including the need for roof repairs and market fluctuations. Balancing these positive and negative financial factors will be key to making a sound investment decision. If you're ready to explore this opportunity further, schedule your private showing today!
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | 4.6% |
| Monthly Rent | $4,415 |
| Net Operating Income | $4,215 |
| Cap Rate | 7.6% |
| Monthly Cash Flow | $514 |
| Gross Rent Multiplier | 12.6 |
| Debt Service Coverage Ratio | 1.3 |
| Principal and Interest | $3,296 |
| Tax | $405 |
| HOA Fees | $0 |
| Insurance | $200 |
| Total Payment | $3,901 |