Real Estate

Pros & Cons of 9941 80th Ter, Live Oak, FL 32064

Investing in real estate can be a lucrative opportunity, and this property presents a compelling case for potential investors. With a roomy 4-bedroom, 2.5-bath mobile home situated on 6 secluded acres, it offers both privacy and convenience, being just minutes from town. The financial metrics are promising, showcasing a cash on cash return of 7.7% and a cap rate of 8.3%, which are attractive figures for any investor. However, it's essential to consider the potential downsides, such as the ongoing maintenance costs and the nature of mobile home investments, which can sometimes be less stable than traditional properties. Overall, this property has the potential to be a solid investment, but careful consideration of both its advantages and disadvantages is crucial.

What are the Pros of 9941 80th Ter, Live Oak, FL 32064?

  • Strong cash on cash return of 7.7%
  • Attractive cap rate of 8.3%
  • Monthly rent of $1,990 provides a solid income stream
  • No HOA fees, reducing ongoing costs
  • Secluded location offers privacy and potential for appreciation

What are the Cons of 9941 80th Ter, Live Oak, FL 32064?

  • Mobile home investments can be less stable
  • Ongoing maintenance costs may be higher than expected
  • Potential for lower resale value compared to traditional homes

What are potential Red Flags or Risks with 9941 80th Ter, Live Oak, FL 32064?

  • Market fluctuations could impact rental demand
  • Secluded location may limit future buyer interest
  • Possible zoning restrictions affecting property use

Property Details for 9941 80th Ter, Live Oak, FL 32064

Property Detail Name Property Detail Value
Address 9941 80th Ter, Live Oak, FL 32064
Property Type Manufactured
Price $276,900
Price Change -$19,000
Tax Assessed Value $154,520
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 4.0
Bathrooms 3.0
Living Area 2,776.0
Lot Area 6.0
Lot Area Unit ACRES
Year Built 1999

Weighing the Investment Potential

In conclusion, this property offers a unique blend of advantages and challenges for potential investors. The strong cash flow and attractive cap rate suggest a promising return on investment, while the absence of HOA fees adds to its financial appeal. However, the nature of mobile home investments can introduce risks, particularly regarding stability and resale value. Investors should carefully assess their risk tolerance and consider the long-term implications of owning a mobile home in a secluded area. Ultimately, this property could be a worthwhile addition to a diversified real estate portfolio, provided that due diligence is conducted.

Financial Summary for 9941 80th Ter, Live Oak, FL 32064

Financial Metric Name Financial Metric Value
Cash on Cash Return 7.7%
Monthly Rent $1,990
Net Operating Income $1,907
Cap Rate 8.3%
Monthly Cash Flow $354
Gross Rent Multiplier 11.6
Debt Service Coverage Ratio 1.4
Principal and Interest $1,371
Tax $182
HOA Fees $0
Insurance $83
Total Payment $1,636