This beautifully remodeled property offers a unique opportunity for real estate investors looking for a blend of modern comfort and natural beauty. With a solid cash on cash return of 4.6% and a cap rate of 7.6%, this home presents a promising financial outlook. The monthly rent of $1,824 and a net operating income of $1,741 further enhance its appeal. However, potential investors should also consider the ongoing costs, including a total payment of $1,613, which could impact cash flow. Overall, this property stands out as a charming investment, but it's essential to weigh both the financial benefits and the associated costs carefully.
Property Detail Name | Property Detail Value |
---|---|
Address | 6730 DUNN Drive, Keystone Heights, FL 32656 |
Property Type | Single Family |
Price | $275,000 |
Price Change | $0 |
Tax Assessed Value | $229,020 |
Non Owner Occupied? | Yes |
Pre Foreclosure Auction | No |
Bedrooms | 4.0 |
Bathrooms | 2.0 |
Living Area | 2,160.0 |
Lot Area | 0.52 |
Lot Area Unit | ACRES |
Year Built | 1959 |
In conclusion, this property presents a compelling investment opportunity with its attractive financial metrics, including a cap rate of 7.6% and a cash on cash return of 4.6%. The monthly rent of $1,824 and a net operating income of $1,741 suggest a strong potential for profitability. However, investors should remain cautious of the total payment of $1,613, which could limit cash flow. Balancing these positive aspects with the potential risks, such as market fluctuations and maintenance costs, is crucial for making an informed decision. Overall, this property could be a valuable addition to your investment portfolio, provided you conduct thorough due diligence.
Financial Metric Name | Financial Metric Value |
---|---|
Cash on Cash Return | 4.6% |
Monthly Rent | $1,824 |
Net Operating Income | $1,741 |
Cap Rate | 7.6% |
Monthly Cash Flow | $211 |
Gross Rent Multiplier | 12.6 |
Debt Service Coverage Ratio | 1.3 |
Principal and Interest | $1,388 |
Tax | $142 |
HOA Fees | $0 |
Insurance | $83 |
Total Payment | $1,613 |