This charming 4-bedroom, 2-bath home in Wellborn offers a unique opportunity for real estate investors. With a spacious layout and modern amenities, it presents a move-in-ready option for potential renters. However, while the property boasts a solid cap rate of 6.2% and no HOA fees, the negative cash flow of -$140 per month and a cash on cash return of -3.6% raise some concerns. Investors should weigh these financial factors carefully to determine if this property aligns with their investment strategy.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 8210 31st Rd, Wellborn, FL 32094 |
| Property Type | Manufactured |
| Price | $235,000 |
| Price Change | $0 |
| Tax Assessed Value | $14,730 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 4.0 |
| Bathrooms | 2.0 |
| Living Area | 2,176.0 |
| Lot Area | 1.14 |
| Lot Area Unit | ACRES |
| Year Built | 2017 |
In conclusion, this property presents a mixed bag for potential investors. On one hand, the attractive cap rate and move-in-ready condition make it appealing for rental purposes. However, the negative cash flow and low cash on cash return are significant drawbacks that could impact long-term profitability. Investors should consider their financial goals and risk tolerance before proceeding. If you're looking for a property with potential, this one might be worth a closer look, but be prepared for the financial challenges it may present.
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | -3.6% |
| Monthly Rent | $1,282 |
| Net Operating Income | $1,211 |
| Cap Rate | 6.2% |
| Monthly Cash Flow | -$140 |
| Gross Rent Multiplier | 15.3 |
| Debt Service Coverage Ratio | 1.0 |
| Principal and Interest | $1,196 |
| Tax | $155 |
| HOA Fees | $0 |
| Insurance | $71 |
| Total Payment | $1,422 |