This stunning 4-bedroom, 5-bathroom retreat offers a unique opportunity for real estate investors looking for a property that combines luxury with potential. Nestled on Lake George, this home boasts ample living space and modern amenities, making it an attractive rental option. However, it is essential to consider the recent hurricane damage to the dock and retaining wall, which may require additional investment for repairs. Overall, the property presents a balanced mix of appealing features and necessary considerations for prospective buyers.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 7827 NE 310th Ave, Fort Mc Coy, FL 32134 |
| Property Type | Single Family |
| Price | $750,000 |
| Price Change | -$25,000 |
| Tax Assessed Value | $471,392 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 4.0 |
| Bathrooms | 5.0 |
| Living Area | 4,134.0 |
| Lot Area | 2.28 |
| Lot Area Unit | ACRES |
| Year Built | 1984 |
Investing in this lakefront property presents a compelling opportunity, particularly with its strong rental income potential and attractive cap rate. The updated features and spacious layout are likely to appeal to tenants, ensuring consistent cash flow. However, the recent hurricane damage poses a significant risk that could impact both immediate costs and long-term value. Investors should carefully assess the repair needs and consider the overall market conditions before making a decision. Ultimately, this property could be a valuable addition to a real estate portfolio, provided that the risks are managed effectively.
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | 3.5% |
| Monthly Rent | $4,836 |
| Net Operating Income | $4,611 |
| Cap Rate | 7.4% |
| Monthly Cash Flow | $437 |
| Gross Rent Multiplier | 12.9 |
| Debt Service Coverage Ratio | 1.2 |
| Principal and Interest | $3,749 |
| Tax | $425 |
| HOA Fees | $0 |
| Insurance | $225 |
| Total Payment | $4,399 |