This charming single-family home in Palm Coast presents a unique opportunity for real estate investors. With a competitive cash on cash return of 3.2% and a cap rate of 7.4%, this property offers solid financial potential. The location is a major draw, being just minutes from local amenities, golf courses, and the beautiful Flagler Beach. However, investors should also consider the monthly cash flow of $145, which, while positive, may not be substantial enough for some. Additionally, the absence of HOA fees is a significant advantage, but the overall market conditions and property management should be evaluated carefully.
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 make it a worthy consideration for investors. The strong cap rate and absence of HOA fees are significant positives, while the modest monthly cash flow and cash on cash return warrant careful consideration. Investors should weigh these factors against their financial goals and risk tolerance. Overall, this property stands out as a solid investment opportunity in a desirable area, but potential buyers should conduct thorough due diligence before making a commitment.
Financial Metric Name | Financial Metric Value |
---|---|
Cash on Cash Return | 3.2% |
Monthly Rent | $1,748 |
Net Operating Income | $1,667 |
Cap Rate | 7.4% |
Monthly Cash Flow | $145 |
Gross Rent Multiplier | 12.9 |
Debt Service Coverage Ratio | 1.2 |
Principal and Interest | $1,360 |
Tax | $162 |
HOA Fees | $0 |
Insurance | $81 |
Total Payment | $1,603 |