Pros & Cons of 915 Maple St, New Smyrna Beach, FL 32169

This lovely beachside pool home offers a unique investment opportunity, combining modern amenities with a prime location just steps from the ocean. Built to meet newer hurricane codes, this property boasts an excellent maintenance record and features such as a heated swimming pool, multiple patios, and dedicated home office spaces. However, potential investors should consider the current cash flow situation, as the property shows a negative cash on cash return and monthly cash flow. While the cap rate of 6.5% indicates a solid return on investment, the monthly rent of $5,415 may not fully cover the total payment, leading to a slight financial strain. Overall, this property presents both attractive features and financial challenges that require careful consideration.

Weighing the Investment Potential

In conclusion, this property presents a compelling yet complex investment opportunity. The prime location and modern features are significant positives, particularly for attracting tenants in a desirable beach community. However, the financial metrics reveal challenges, such as a negative cash flow and cash on cash return, which could strain an investor's finances. The strong cap rate of 6.5% offers some reassurance, but the high gross rent multiplier suggests that the purchase price may be on the higher side relative to rental income. Investors should carefully evaluate their financial strategy and consider the potential risks before making a decision. If you're ready to explore this unique opportunity further, don't hesitate to reach out for more information!