Real Estate

Pros & Cons of 9 Reynolds Pl, Palm Coast, FL 32164

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.

What are the Pros of 9 Reynolds Pl, Palm Coast, FL 32164?

  • Strong cap rate of 7.6% indicating good potential for returns
  • Monthly rent of $1,980 provides a steady income stream
  • No HOA fees, reducing ongoing costs for the investor
  • Attractive location with a peaceful creek view, enhancing rental desirability
  • Well-designed split floor plan that appeals to families

What are the Cons of 9 Reynolds Pl, Palm Coast, FL 32164?

  • Monthly cash flow of $201 may be lower than desired for some investors
  • Cash on cash return of 4.0% may not meet the expectations of aggressive investors
  • Potential for maintenance costs associated with the creek

What are potential Red Flags or Risks with 9 Reynolds Pl, Palm Coast, FL 32164?

  • Market fluctuations could impact rental demand
  • Dependence on the local economy for sustained rental income
  • Possible future increases in property taxes or insurance costs

Property Details for 9 Reynolds Pl, Palm Coast, FL 32164

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

Weighing the Investment Potential

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 Summary for 9 Reynolds Pl, Palm Coast, FL 32164

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