For real estate investors, understanding cash on cash return (COC) is crucial to maximizing profits and minimizing risks. In Elkton, the potential for lucrative investments is evident, with single-family properties boasting impressive COC rates of up to 55.9%. This article will delve into the most promising deals in Elkton, showcasing properties that not only offer high cash on cash returns but also other attractive characteristics such as strong rental income and favorable cap rates.
Investors can expect to uncover valuable insights into the local market, including a standout single-family home priced at $130,000 that generates a remarkable cash flow of $1,212 per month. Additionally, a manufactured home priced at $199,000 offers a solid COC of 26.3%, making it an appealing option for those looking to diversify their portfolios.
Understanding which data points matter most—like cash flow, cap rates, and total payments—can empower investors to make informed decisions. With the right information, Elkton presents a wealth of opportunities for those ready to capitalize on the thriving real estate market.
Did you know that Florida's real estate market has been one of the fastest-growing in the nation, with a significant increase in property values over the past decade? This trend highlights the importance of staying informed and seizing opportunities as they arise.
| 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. | Saint Augustine, FL | Single Family | 55.9% | $130,000 | $2,072 | $860 | $2,029 | 18.7% | $1,212 | 5.2 | 2.8 | $736 | $81 | $0 | $43 |
| Sign up for a free account to view this property's address and details. | Saint Augustine, FL | Single Family | 34.8% | $260,000 | $3,107 | $1,599 | $3,020 | 13.9% | $1,508 | 7.0 | 2.2 | $1,349 | $163 | $0 | $87 |
| Sign up for a free account to view this property's address and details. | Saint Augustine, FL | Manufactured | 26.3% | $199,000 | $2,122 | $1,249 | $2,056 | 12.4% | $873 | 7.8 | 1.9 | $1,059 | $124 | $0 | $66 |
| Sign up for a free account to view this property's address and details. | Saint Augustine, FL | Single Family | 24.9% | $259,900 | $2,594 | $1,514 | $2,516 | 11.6% | $1,080 | 8.3 | 2.0 | $1,287 | $149 | $0 | $78 |
| 255 OLD VILLAGE CENTER Circle UNIT 9307, St Augustine, FL 32084 | Saint Augustine, FL | Condo | 7.8% | $190,000 | $1,765 | $1,519 | $1,298 | 8.2% | $246 | 9.0 | 1.4 | $943 | $109 | $410 | $57 |
| 1422 SAN JULINE Circle, St Augustine, FL 32084 | Saint Augustine, FL | Single Family | 7.0% | $329,900 | $2,310 | $1,923 | $2,211 | 8.0% | $387 | 11.9 | 1.4 | $1,634 | $190 | $0 | $99 |
| 345 ABBEY Avenue, St Augustine, FL 32084 | Saint Augustine, FL | Single Family | 6.7% | $279,900 | $1,944 | $1,631 | $1,860 | 8.0% | $313 | 12.0 | 1.3 | $1,386 | $161 | $0 | $84 |
| 4805 DEVONSHIRE Drive, St Augustine, FL 32086 | Saint Augustine, FL | Single Family | 5.4% | $344,900 | $2,319 | $2,009 | $2,216 | 7.7% | $310 | 12.4 | 1.3 | $1,708 | $198 | $0 | $103 |
| 135 SAWMILL LANDING Drive, St Augustine, FL 32086 | Saint Augustine, FL | Single Family | 2.7% | $315,000 | $2,030 | $1,890 | $1,881 | 7.2% | $140 | 12.9 | 1.2 | $1,560 | $181 | $54 | $95 |
| 75 HELEN Street, St Augustine, FL 32084 | Saint Augustine, FL | Single Family | 1.2% | $359,000 | $2,166 | $2,092 | $2,058 | 6.9% | $74 | 13.8 | 1.2 | $1,778 | $206 | $0 | $108 |
| 3516 Kings Rd S, Saint Augustine, FL 32086 | Saint Augustine, FL | Single Family | -0.2% | $599,900 | $3,522 | $3,539 | $3,252 | 6.5% | -$17 | 14.2 | 1.1 | $2,924 | $345 | $90 | $180 |
| 507 Gentian Rd, Saint Augustine, FL 32086 | Saint Augustine, FL | Single Family | -0.2% | $385,000 | $2,232 | $2,243 | $2,116 | 6.6% | -$11 | 14.4 | 1.1 | $1,906 | $221 | $0 | $116 |
| 201 YACHT CLUB Drive UNIT 29, St Augustine, FL 32084 | Saint Augustine, FL | Condo | -0.2% | $129,000 | $1,527 | $1,531 | $710 | 6.6% | -$4 | 7.0 | 1.1 | $640 | $74 | $778 | $39 |
| 343 CASUARINA Circle, St Augustine, FL 32086 | Saint Augustine, FL | Single Family | -0.3% | $348,900 | $2,017 | $2,034 | $1,912 | 6.6% | -$17 | 14.4 | 1.1 | $1,728 | $201 | $0 | $105 |
| 5520 MUSKOGEAN Street, St Augustine, FL 32092 | Saint Augustine, FL | Single Family | -2.1% | $899,999 | $5,104 | $5,413 | $4,804 | 6.4% | -$309 | 14.7 | 1.1 | $4,551 | $562 | $0 | $300 |
| 741 TINTAMARRE Drive, St Augustine, FL 32092 | Saint Augustine, FL | Single Family | -3.0% | $635,000 | $3,474 | $3,794 | $3,140 | 5.9% | -$320 | 15.2 | 1.0 | $3,095 | $365 | $143 | $191 |
| 5 SEMINOLE Drive, St Augustine, FL 32084 | Saint Augustine, FL | Single Family | -4.3% | $664,900 | $3,351 | $3,822 | $3,152 | 5.7% | -$471 | 16.5 | 1.0 | $3,241 | $382 | $0 | $199 |
| 51 TOPIARY Avenue, St Augustine, FL 32092 | Saint Augustine, FL | Single Family | -6.8% | $610,000 | $2,916 | $3,607 | $2,633 | 5.2% | -$691 | 17.4 | 0.9 | $2,973 | $351 | $100 | $183 |
| 150 BRIDGEPORT Road, Palatka, FL 32177 | Palatka, FL | Single Family | -7.2% | $383,800 | $1,924 | $2,386 | $1,796 | 5.6% | -$462 | 16.6 | 0.9 | $2,018 | $240 | $0 | $128 |
| 849 GERONA Road, St Augustine, FL 32086 | Saint Augustine, FL | Single Family | -7.8% | $559,000 | $2,531 | $3,257 | $2,363 | 5.1% | -$726 | 18.4 | 0.9 | $2,768 | $321 | $0 | $168 |
| 112 LONG BRANCH Way, St Augustine, FL 32086 | Saint Augustine, FL | Single Family | -8.9% | $699,000 | $3,165 | $4,202 | $2,772 | 4.8% | -$1,037 | 18.4 | 0.8 | $3,407 | $402 | $183 | $210 |
| 5104 GRACEWOOD Lane, St Augustine, FL 32092 | Saint Augustine, FL | Single Family | -8.9% | $599,000 | $2,754 | $3,644 | $2,554 | 5.1% | -$890 | 18.1 | 0.8 | $3,070 | $374 | $0 | $200 |
Cash on Cash Return: 55.9%
Price: $130,000
Rent: $2,072
Total Payment: $860
Cap Rate: 18.7%
Cash Flow: $1,212
GRM: 5.2
DSCR: 2.8
Last Updated: 01/01/1900
First Seen: 11/30/2024
This single-family home on USINA Street stands out due to its impressive cash on cash return of 55.9%. With a competitive price of $130,000 and a strong rental income of $2,072, this property offers a cap rate of 18.7%, making it an attractive option for investors seeking high cash flow. The property’s location in a growing area enhances its appeal, ensuring consistent demand and rental income.
Cash on Cash Return: 34.8%
Price: $260,000
Rent: $3,107
Total Payment: $1,599
Cap Rate: 13.9%
Cash Flow: $1,508
GRM: 7.0
DSCR: 2.2
Last Updated: 01/01/1900
First Seen: 11/30/2024
This property on 3RD Street offers a solid cash on cash return of 34.8%. Priced at $260,000, it generates a rental income of $3,107, resulting in a cap rate of 13.9%. The strong cash flow of $1,508 makes this property a viable option for investors looking for reliable income streams in a desirable location.
Cash on Cash Return: 26.3%
Price: $199,000
Rent: $2,122
Total Payment: $1,249
Cap Rate: 12.4%
Cash Flow: $873
GRM: 7.8
DSCR: 1.9
Last Updated: 01/01/1900
First Seen: 11/30/2024
This manufactured home on Wildwood Drive presents a cash on cash return of 26.3%. With a price of $199,000 and a rental income of $2,122, it offers a cap rate of 12.4%. The property’s cash flow of $873 is appealing for investors seeking affordable options with good returns.
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 profitability. These metrics suggest that the listed properties in Elkton are not only viable investments but also offer the potential for substantial returns.
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 properties listed have favorable GRM and DSCR values, indicating lower risk and higher potential for profitability.
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, by reducing insurance costs on the USINA Street property, investors could see an increase in cash flow, further improving their return on investment.
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, making Elkton a versatile market for various investment strategies.
Elkton's real estate market is ripe with opportunities, as evidenced by the standout properties highlighted above. With high cash flow, strong cap rates, and favorable investment metrics, Elkton is an excellent choice for real estate investors. 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 Elkton!