This charming 4-bedroom home on a corner lot presents a unique opportunity for both families and investors alike. With a competitive cash on cash return of 6.3% and a cap rate of 8.2%, this property stands out as a solid investment choice. The monthly rent of $2,113 and a net operating income of $2,024 further enhance its appeal. However, potential investors should also consider the total payment of $1,801, which includes principal, interest, taxes, and insurance, as it impacts the overall cash flow. While the property offers a monthly cash flow of $312, it’s essential to weigh these financial metrics against the local market conditions and property management responsibilities.
Property Detail Name | Property Detail Value |
---|---|
Address | 98 Pine Bluff Blvd E, Kingsland, GA 31548 |
Property Type | Single Family |
Price | $295,000 |
Price Change | $0 |
Tax Assessed Value | $289,752 |
Non Owner Occupied? | Yes |
Pre Foreclosure Auction | No |
Bedrooms | 4.0 |
Bathrooms | 2.0 |
Living Area | 1,868.0 |
Lot Area | 9147.6 |
Lot Area Unit | SQFT |
Year Built | 2007 |
In conclusion, this property offers a compelling investment opportunity with its strong financial metrics, including a cash on cash return of 6.3% and a cap rate of 8.2%. The location near I-95 and Kings Bay Naval Base enhances its attractiveness for potential renters. However, investors must remain cautious of the total payment obligations and the relatively modest monthly cash flow of $312. Balancing these factors is crucial for making an informed decision. If you're looking for a property that combines comfort with investment potential, this home is worth considering. Schedule your tour today!
Financial Metric Name | Financial Metric Value |
---|---|
Cash on Cash Return | 6.3% |
Monthly Rent | $2,113 |
Net Operating Income | $2,024 |
Cap Rate | 8.2% |
Monthly Cash Flow | $312 |
Gross Rent Multiplier | 11.6 |
Debt Service Coverage Ratio | 1.4 |
Principal and Interest | $1,476 |
Tax | $236 |
HOA Fees | $0 |
Insurance | $89 |
Total Payment | $1,801 |