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.
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 |
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 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 |