This move-in ready residence offers a unique blend of comfort and investment potential, making it an attractive option for property investors. With a spacious layout featuring 4 bedrooms and 2 baths, it caters to families seeking both relaxation and entertainment. The serene backdrop of a small creek enhances the property's appeal, providing a tranquil environment. Financially, the property boasts a solid cash on cash return of 4.0% and a cap rate of 7.6%, indicating a promising investment opportunity. However, potential investors should also consider the monthly cash flow of $201, which, while positive, may not be substantial enough for those seeking higher returns. Overall, this property presents a balanced investment prospect with both appealing and cautionary financial factors.
Property Detail Name | Property Detail Value |
---|---|
Address | 9 Reynolds Pl, Palm Coast, FL 32164 |
Property Type | Single Family |
Price | $299,900 |
Price Change | $0 |
Tax Assessed Value | $243,213 |
Non Owner Occupied? | Yes |
Pre Foreclosure Auction | No |
Bedrooms | 4.0 |
Bathrooms | 2.0 |
Living Area | 1,730.0 |
Lot Area | 0.27999999999999997 |
Lot Area Unit | ACRES |
Year Built | 2003 |
In conclusion, this property presents a compelling investment opportunity with its attractive financial metrics and desirable location. The solid cap rate of 7.6% and monthly rent of $1,980 suggest a reliable income stream, making it appealing for both new and seasoned investors. However, the modest monthly cash flow of $201 and the cash on cash return of 4.0% may not satisfy those looking for higher returns. Investors should carefully consider their financial goals and risk tolerance before proceeding. Overall, this property could be a valuable addition to an investment portfolio, especially for those prioritizing stability and long-term growth.
Financial Metric Name | Financial Metric Value |
---|---|
Cash on Cash Return | 4.0% |
Monthly Rent | $1,980 |
Net Operating Income | $1,890 |
Cap Rate | 7.6% |
Monthly Cash Flow | $201 |
Gross Rent Multiplier | 12.6 |
Debt Service Coverage Ratio | 1.3 |
Principal and Interest | $1,509 |
Tax | $180 |
HOA Fees | $0 |
Insurance | $90 |
Total Payment | $1,779 |