Real Estate

Pros & Cons of 78 Whippoorwill Dr, Palm Coast, FL 32164

This charming single-family home in Palm Coast presents a unique opportunity for real estate investors. With a competitive cash on cash return of 3.3% and a cap rate of 7.4%, this property offers solid financial potential. The location is a significant advantage, being just minutes away from local amenities, golf courses, and the beautiful Flagler Beach. However, potential investors should also consider the monthly cash flow of $147, which, while positive, may not be substantial enough for some. Additionally, the absence of HOA fees is a plus, but the overall financial metrics should be carefully evaluated against market conditions.

What are the Pros of 78 Whippoorwill Dr, Palm Coast, FL 32164?

  • Strong cap rate of 7.4% indicating good investment potential
  • Competitive monthly rent of $1,748
  • No HOA fees, reducing ongoing costs
  • New roof and AC, minimizing immediate maintenance expenses
  • Prime location near amenities and recreational options

What are the Cons of 78 Whippoorwill Dr, Palm Coast, FL 32164?

  • Monthly cash flow of $147 may be low for some investors
  • Cash on cash return of 3.3% may not meet the expectations of all investors
  • Market fluctuations could impact rental income

What are potential Red Flags or Risks with 78 Whippoorwill Dr, Palm Coast, FL 32164?

  • Dependence on local market conditions for rental demand
  • Potential for increased property taxes in the future
  • Maintenance costs could rise if unexpected repairs are needed

Property Details for 78 Whippoorwill Dr, Palm Coast, FL 32164

Property Detail Name Property Detail Value
Address 78 Whippoorwill Dr, Palm Coast, FL 32164
Property Type Single Family
Price $270,000
Price Change $0
Tax Assessed Value $206,899
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 3.0
Bathrooms 2.0
Living Area 1,176.0
Lot Area 10259.0
Lot Area Unit SQFT
Year Built 1999

Weighing the Investment Potential

In conclusion, this property offers a blend of appealing financial metrics and location advantages that could make it a worthwhile investment. The strong cap rate and absence of HOA fees are significant positives, while the low monthly cash flow and cash on cash return may raise concerns for some investors. It's essential to consider both the immediate benefits and the potential risks associated with market fluctuations. Overall, if you're looking for a property in a desirable area with solid fundamentals, this home could be a great addition to your investment portfolio. Don't miss out on the opportunity—schedule your showing today!

Financial Summary for 78 Whippoorwill Dr, Palm Coast, FL 32164

Financial Metric Name Financial Metric Value
Cash on Cash Return 3.3%
Monthly Rent $1,748
Net Operating Income $1,667
Cap Rate 7.4%
Monthly Cash Flow $147
Gross Rent Multiplier 12.9
Debt Service Coverage Ratio 1.2
Principal and Interest $1,358
Tax $162
HOA Fees $0
Insurance $81
Total Payment $1,601