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 3.2% 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.

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

  • Strong cap rate of 7.4% indicating good investment potential
  • Attractive location near golf courses and beaches
  • No HOA fees, reducing ongoing costs
  • New roof and AC, minimizing immediate maintenance expenses
  • Managed septic system by the city, ensuring reliability

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

  • Monthly cash flow of $145 may be low for some investors
  • Cash on cash return of 3.2% is modest
  • Market conditions could affect rental demand

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

  • Potential fluctuations in local real estate market
  • Dependence on rental income stability
  • Future maintenance costs not covered by recent updates

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 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 Summary for 78 Whippoorwill Dr, Palm Coast, FL 32164

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