Pros & Cons of 6188 284th St, Branford, FL 32008

Investing in real estate can be a rewarding venture, and this newly set manufactured home on 5 acres presents a unique opportunity for potential investors. With modern amenities and a factory warranty, the property offers peace of mind and a comfortable living space. However, it's essential to consider both the financial metrics and the location's appeal to outdoor enthusiasts. While the property boasts a solid cap rate of 6.7% and a reasonable monthly rent of $1,521, it also shows a negative cash on cash return of -0.3% and a slight monthly cash flow deficit. Balancing these factors will be crucial for any investor looking to make a sound decision.

Weighing the Investment Potential

In conclusion, this property presents a mixed bag of financial indicators for potential investors. On the positive side, the modern amenities and attractive cap rate of 6.7% suggest a solid investment opportunity, especially for those interested in outdoor activities. However, the negative cash on cash return and slight monthly cash flow deficit raise concerns about immediate profitability. Investors should carefully consider their financial strategy and long-term goals before proceeding. Overall, this property could be a worthwhile investment for the right buyer, especially with owner financing options available. Don't miss out on this opportunity—call today for your showing!