For real estate investors, understanding cash on cash return (COC) is crucial to maximizing profits and minimizing risks. In Citra, the potential for lucrative investments is evident, with remarkable deals showcasing impressive COC rates. For instance, a manufactured home offers a staggering 105.7% COC on a purchase price of $80,000, while a single-family property can yield a solid 43.7% COC at a price of $140,000. These figures highlight the opportunities available in this vibrant market.
This article will delve into the most attractive real estate deals in Citra, focusing on properties that not only promise high cash on cash returns but also feature other compelling data points. By analyzing these deals, investors can uncover lucrative opportunities that align with their financial goals.
Understanding which data points matter most—such as cash flow, cap rate, and total payment—can empower investors to make informed decisions. With the right insights, you can navigate the Citra real estate landscape and capitalize on its potential.
Did you know that Florida's real estate market has been one of the fastest-growing in the nation, with Citra being a hidden gem for savvy investors?
| View Property | Location | Type | Cash on Cash | Price | Rent | Total Payment | NOI | Cap Rate | Cash Flow | GRM | DSCR | P&I | Tax | HOA Fees | Insurance |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sign up for a free account to view this property's address and details. | Reddick, FL | Manufactured | 105.7% | $80,000 | $1,883 | $474 | $1,859 | 27.9% | $1,409 | 3.5 | 4.6 | $405 | $45 | $0 | $24 |
| Sign up for a free account to view this property's address and details. | Citra, FL | Single Family | 43.7% | $140,000 | $1,852 | $832 | $1,810 | 15.5% | $1,020 | 6.3 | 2.5 | $711 | $79 | $0 | $42 |
| Sign up for a free account to view this property's address and details. | Fort Mc Coy, FL | Single Family | 32.7% | $199,900 | $2,278 | $1,188 | $2,218 | 13.3% | $1,090 | 7.3 | 2.2 | $1,015 | $113 | $0 | $60 |
| Sign up for a free account to view this property's address and details. | Citra, FL | Manufactured | 21.9% | $190,000 | $1,825 | $1,130 | $1,768 | 11.2% | $695 | 8.7 | 1.8 | $965 | $108 | $0 | $57 |
| Sign up for a free account to view this property's address and details. | Citra, FL | Manufactured | 14.7% | $264,900 | $2,216 | $1,566 | $2,137 | 9.7% | $650 | 10.0 | 1.6 | $1,337 | $150 | $0 | $79 |
| 10285 NE 218th Lane Rd, Fort Mc Coy, FL 32134 | Fort Mc Coy, FL | Single Family | 9.1% | $297,000 | $2,204 | $1,754 | $2,115 | 8.5% | $450 | 11.2 | 1.4 | $1,497 | $168 | $0 | $89 |
| 23401 NE 113th Ave, Fort Mc Coy, FL 32134 | Fort Mc Coy, FL | Single Family | 4.4% | $300,000 | $1,988 | $1,769 | $1,898 | 7.6% | $219 | 12.6 | 1.3 | $1,509 | $170 | $0 | $90 |
| 13707 SE 171st Ln, Hawthorne, FL 32640 | Hawthorne, FL | Single Family | 3.8% | $339,000 | $2,285 | $2,073 | $2,183 | 7.7% | $212 | 12.4 | 1.3 | $1,705 | $266 | $0 | $102 |
| 3951 NE 175th Street Rd, Citra, FL 32113 | Citra, FL | Manufactured | 3.6% | $315,999 | $2,054 | $1,867 | $1,959 | 7.4% | $187 | 12.8 | 1.2 | $1,593 | $179 | $0 | $95 |
| 11250 NE 220th St, Fort Mc Coy, FL 32134 | Fort Mc Coy, FL | Single Family | 2.4% | $340,000 | $2,149 | $2,011 | $2,047 | 7.2% | $138 | 13.2 | 1.2 | $1,716 | $193 | $0 | $102 |
| 13881 NE Jacksonville Rd, Citra, FL 32113 | Citra, FL | Single Family | 1.6% | $295,000 | $1,817 | $1,740 | $1,728 | 7.0% | $77 | 13.5 | 1.2 | $1,484 | $167 | $0 | $89 |
| 21318 NE Highway 315, Fort Mc Coy, FL 32134 | Fort Mc Coy, FL | Single Family | 1.0% | $289,000 | $1,754 | $1,705 | $1,667 | 6.9% | $49 | 13.7 | 1.1 | $1,454 | $164 | $0 | $87 |
| 14501 SE 204th Ter, Hawthorne, FL 32640 | Hawthorne, FL | Single Family | -0.2% | $399,900 | $2,431 | $2,445 | $2,311 | 6.9% | -$14 | 13.7 | 1.1 | $2,012 | $313 | $0 | $120 |
| 1083 E Highway 329, Citra, FL 32113 | Citra, FL | Single Family | -0.6% | $481,000 | $2,795 | $2,842 | $2,651 | 6.6% | -$47 | 14.3 | 1.1 | $2,425 | $273 | $0 | $144 |
| 2301 NE 97th Street Rd, Anthony, FL 32617 | Anthony, FL | Single Family | -4.5% | $365,000 | $1,882 | $2,157 | $1,772 | 5.8% | -$275 | 16.2 | 1.0 | $1,840 | $207 | $0 | $110 |
| 1750 NE 180th St, Citra, FL 32113 | Citra, FL | Single Family | -6.7% | $299,900 | $1,432 | $1,769 | $1,342 | 5.4% | -$337 | 17.5 | 0.9 | $1,509 | $170 | $0 | $90 |
| 221 Riley Lake Dr, Hawthorne, FL 32640 | Hawthorne, FL | Single Family | -13.2% | $789,000 | $2,884 | $4,615 | $2,647 | 4.0% | -$1,731 | 22.8 | 0.7 | $3,911 | $467 | $0 | $237 |
| 9805 NW 6th Ct, Ocala, FL 34475 | Ocala, FL | Single Family | -14.0% | $869,900 | $3,036 | $5,071 | $2,775 | 3.8% | -$2,035 | 23.9 | 0.6 | $4,317 | $493 | $0 | $261 |
| 13777 NW Gainesville Rd, Reddick, FL 32686 | Reddick, FL | Single Family | -14.1% | $499,900 | $1,775 | $2,948 | $1,625 | 3.9% | -$1,173 | 23.5 | 0.6 | $2,515 | $283 | $0 | $150 |
| 15615 NE 21st Avenue Rd, Citra, FL 32113 | Citra, FL | Single Family | -22.0% | $1,300,000 | $2,951 | $7,714 | $2,561 | 2.4% | -$4,763 | 36.7 | 0.4 | $6,587 | $737 | $0 | $390 |
| 2260 NW 114th Loop, Ocala, FL 34475 | Ocala, FL | Single Family | -28.1% | $2,459,000 | $3,213 | $14,723 | $2,343 | 1.1% | -$11,510 | 63.8 | 0.2 | $12,460 | $1,393 | $132 | $738 |
Cash on Cash Return: 105.7%
Price: $80,000
Rent: $1,883
Total Payment: $474
Cap Rate: 27.9%
Cash Flow: $1,409
GRM: 3.5
DSCR: 4.6
Location: NW 42nd Ct
Last Updated: 12/14/2024
First Seen: 12/14/2024
This manufactured home stands out due to its impressive cash on cash return of 105.7%. Located in a desirable area, it offers a strong cap rate of 27.9%, making it an attractive option for investors seeking high cash flow. The property’s low total payment compared to its rental income ensures a healthy cash flow, making it a prime candidate for real estate investment.
Cash on Cash Return: 43.7%
Price: $140,000
Rent: $1,852
Total Payment: $832
Cap Rate: 15.5%
Cash Flow: $1,020
GRM: 6.3
DSCR: 2.5
Location: NE 140th St
Last Updated: 12/14/2024
First Seen: 12/14/2024
This single-family home offers a solid cash on cash return of 43.7% and a cap rate of 15.5%. With a rental income of $1,852, the property generates a cash flow of $1,020, making it a strong contender for investors looking for reliable rental income. Its location and appealing features enhance its investment potential.
Cash on Cash Return: 32.7%
Price: $199,900
Rent: $2,278
Total Payment: $1,188
Cap Rate: 13.3%
Cash Flow: $1,090
GRM: 7.3
DSCR: 2.2
Location: NE 149th Ln
Last Updated: 12/14/2024
First Seen: 12/14/2024
This property boasts a cash on cash return of 32.7% and a cap rate of 13.3%. With a rental income of $2,278, it provides a cash flow of $1,090, making it a valuable addition to any investment portfolio. Its strong metrics indicate a promising return on investment.
Cash on cash return and cap rate are critical metrics for real estate investors. A high cash on cash return indicates that the property generates significant income relative to the investment made, while a strong cap rate reflects the property's ability to produce income compared to its value. These metrics highlight the profitability of the listed properties, making them ideal for investors seeking high cash flow in Citra.
The Gross Rent Multiplier (GRM) and Debt Service Coverage Ratio (DSCR) are essential tools for evaluating real estate investments. GRM helps investors understand how long it will take to recoup their investment through rental income, while DSCR measures the property’s ability to cover its debt obligations. For instance, the manufactured home on NW 42nd Ct has a GRM of 3.5 and a DSCR of 4.6, indicating a low risk and high return potential.
To increase rental income, consider property upgrades, adjusting rents to market rates, or targeting specific renter demographics. Additionally, minimizing operating costs through effective management of HOA fees, taxes, and insurance can significantly enhance cash flow. For example, if the single-family home on NE 140th St reduces its operating costs by $100 monthly, its cash flow would increase to $1,120, further improving its investment appeal.
Investing in condos versus single-family homes presents different advantages. Condos may offer lower maintenance costs and higher cash flow potential, while single-family homes often appreciate more over time. The properties listed demonstrate that both types can yield strong returns, depending on the investor's strategy and market conditions.
The investment properties highlighted in Citra showcase exceptional cash flow and cap rates, making them attractive options for real estate investors. With its favorable market conditions, Citra stands out as an excellent choice for those looking to invest in real estate. Don’t miss out on these high-return properties—contact us today for more information or to sign up for real-time updates on investment opportunities in Citra!