Pros & Cons of 6 Pheasant Ln, Ormond Beach, FL 32174

Investing in real estate can be a rewarding venture, and this charming English-style brick home offers a unique opportunity for potential investors. With a spacious layout of 3,065 sq ft, updated kitchen and baths, and a cozy family room, this property combines comfort with elegance. The financial metrics indicate a solid cash on cash return of 4.8% and a cap rate of 7.7%, making it an attractive option for generating rental income. However, investors should also consider the monthly cash flow of $311 and the associated costs, including HOA fees and insurance, which could impact overall profitability. Balancing these factors is crucial for making an informed investment decision.

Weighing the Investment Potential

In conclusion, this property presents a compelling investment opportunity with its attractive financial metrics and desirable location. The strong cap rate and monthly rent suggest a solid potential for generating income, while the updated features enhance its marketability. However, investors must remain cautious of the lower monthly cash flow and ongoing costs that could affect overall profitability. By carefully considering both the positive and negative financial factors, investors can make a well-informed decision about whether this property aligns with their investment goals. Don't miss out on the chance to explore this promising real estate opportunity—schedule a tour today!