Real Estate

Pros & Cons of 6730 DUNN Drive, Keystone Heights, FL 32656

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.

What are the Pros of 6730 DUNN Drive, Keystone Heights, FL 32656?

  • Strong cash on cash return of 4.6%
  • Attractive cap rate of 7.6%
  • Monthly rent of $1,824 provides solid income
  • Net operating income of $1,741 enhances profitability
  • No HOA fees, reducing ongoing costs

What are the Cons of 6730 DUNN Drive, Keystone Heights, FL 32656?

  • Total payment of $1,613 may limit cash flow
  • Monthly cash flow of $211 is relatively modest
  • Potential maintenance costs for an older property

What are potential Red Flags or Risks with 6730 DUNN Drive, Keystone Heights, FL 32656?

  • Market fluctuations could affect rental income
  • Dependence on local economy for tenant demand
  • Age of the property may lead to unexpected repairs

Property Details for 6730 DUNN Drive, Keystone Heights, FL 32656

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

Weighing the Investment Potential

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 Summary for 6730 DUNN Drive, Keystone Heights, FL 32656

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