For real estate investors, understanding cash on cash return (COC) is crucial for maximizing profits and making informed investment decisions. In the vibrant market of Fleming Island, investors are discovering lucrative opportunities that boast impressive COC figures. For instance, a single-family home recently listed at $275,000 offers a remarkable 10.0% cash on cash return, while another townhouse priced at $235,000 provides a solid 5.6% return. These compelling data points highlight the potential for strong cash flow and profitability in this area.
This article will delve into the most attractive real estate deals in Fleming Island, showcasing properties with high cash on cash returns and other essential characteristics that can guide investors toward successful investments. By analyzing these data points, investors can identify opportunities that align with their financial goals and risk tolerance.
Why does this matter? In a competitive market, knowing which metrics to prioritize—such as cash flow, cap rate, and net operating income—can significantly impact an investor's strategy and success. With the right insights, you can navigate the Fleming Island real estate landscape with confidence and make decisions that lead to substantial returns.
Did you know that Florida has one of the highest rates of population growth in the United States? This trend continues to drive demand for real estate, making it an opportune time for investors to capitalize on the market.
| View Property | Location | Type | Cash on Cash | Price | Rent | Total Payment | NOI | Cap Rate | Cash Flow | GRM | DSCR | P&I | Tax | HOA Fees | Insurance |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4330 FERRARRA Street, Jacksonville, FL 32217 | Jacksonville, FL | Single Family | 10.0% | $275,000 | $2,059 | $1,600 | $1,976 | 8.6% | $459 | 11.1 | 1.4 | $1,366 | $151 | $0 | $83 |
| 770 GROVER Lane, Orange Park, FL 32065 | Orange Park, FL | Townhouse | 5.6% | $235,000 | $1,833 | $1,615 | $1,616 | 8.3% | $218 | 10.7 | 1.3 | $1,251 | $147 | $139 | $78 |
| 3236 DOWITCHER Lane, Orange Park, FL 32065 | Orange Park, FL | Single Family | 2.7% | $260,000 | $1,726 | $1,607 | $1,631 | 7.5% | $119 | 12.6 | 1.2 | $1,349 | $163 | $8 | $87 |
| 762 CELEBRATION Lane, Middleburg, FL 32068 | Middleburg, FL | Single Family | 2.3% | $289,900 | $1,848 | $1,735 | $1,699 | 7.0% | $113 | 13.1 | 1.2 | $1,436 | $150 | $62 | $87 |
| 1723 COLONIAL Drive, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | -4.7% | $629,900 | $3,228 | $3,723 | $2,900 | 5.5% | -$495 | 16.3 | 0.9 | $3,070 | $325 | $139 | $189 |
| 4169 BURNING TREE Lane S, Jacksonville, FL 32223 | Jacksonville, FL | Single Family | -4.8% | $459,000 | $2,293 | $2,663 | $2,155 | 5.6% | -$370 | 16.7 | 0.9 | $2,273 | $252 | $0 | $138 |
| 2084 WATER CREST Drive, Fleming Island, FL 32003 | Fleming Island, FL | Single Family | -8.3% | $476,000 | $2,305 | $2,965 | $2,141 | 5.4% | -$660 | 17.2 | 0.9 | $2,503 | $298 | $5 | $159 |
| 324 TATE Lane, St Johns, FL 32259 | Saint Johns, FL | Single Family | -10.6% | $829,900 | $3,371 | $4,842 | $3,068 | 4.4% | -$1,471 | 20.5 | 0.8 | $4,062 | $477 | $54 | $249 |
| 2110 COUNTY RD 220, Middleburg, FL 32068 | Middleburg, FL | Single Family | -12.5% | $529,000 | $2,147 | $3,252 | $1,971 | 4.5% | -$1,105 | 20.5 | 0.7 | $2,745 | $331 | $0 | $176 |
| 42 PAVATI Point, St Johns, FL 32259 | Saint Johns, FL | Single Family | -14.0% | $1,199,999 | $4,688 | $7,483 | $4,105 | 4.1% | -$2,795 | 21.3 | 0.7 | $6,150 | $750 | $183 | $400 |
| 466 LOMBARD Street, Orange Park, FL 32073 | Orange Park, FL | Multi Family | -19.7% | $499,000 | $1,244 | $2,879 | $1,094 | 2.6% | -$1,635 | 33.4 | 0.4 | $2,471 | $258 | $0 | $150 |
Location: Ferrarra Street, Jacksonville, FL
Cash on Cash Return: 10.0%
Price: $275,000
Rent: $2,059
Total Payment: $1,600
Cap Rate: 8.6%
Cash Flow: $459
GRM: 11.1
DSCR: 1.4
Last Updated: 01/01/1900
First Seen: 11/30/2024
This single-family home on Ferrarra Street stands out due to its impressive cash on cash return of 10.0%. With a cap rate of 8.6%, this property is not only affordable but also generates a positive cash flow of $459 monthly. Its location in a growing neighborhood makes it an attractive option for investors seeking reliable rental income.
Location: Grover Lane, Orange Park, FL
Cash on Cash Return: 5.6%
Price: $235,000
Rent: $1,833
Total Payment: $1,615
Cap Rate: 8.3%
Cash Flow: $218
GRM: 10.7
DSCR: 1.3
Last Updated: 01/01/1900
First Seen: 11/30/2024
This townhouse on Grover Lane offers a solid investment opportunity with a cash on cash return of 5.6%. The property’s cap rate of 8.3% and a cash flow of $218 make it a viable option for investors looking for rental properties in a desirable area. Its proximity to local amenities enhances its appeal to potential renters.
Location: Dowitcher Lane, Orange Park, FL
Cash on Cash Return: 2.7%
Price: $260,000
Rent: $1,726
Total Payment: $1,607
Cap Rate: 7.5%
Cash Flow: $119
GRM: 12.6
DSCR: 1.2
Last Updated: 01/01/1900
First Seen: 11/30/2024
This single-family home on Dowitcher Lane, while offering a lower cash on cash return of 2.7%, still presents a cap rate of 7.5%. The property generates a cash flow of $119, making it a stable investment option for those looking to diversify their portfolio in Fleming Island.
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 suggest that the properties listed above are not only profitable but also strategically positioned in a growing market.
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 on Ferrarra Street and Grover Lane have favorable GRM and DSCR values, indicating lower risk and higher potential returns.
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 property on Grover Lane, an investor could see an increase in cash flow by approximately $50 monthly.
Investing in condos versus single-family homes presents different advantages. Condos often have lower maintenance costs and can provide higher cash flow, while single-family homes may appreciate more over time. The properties listed demonstrate that both types can yield strong returns, depending on the investor's strategy and market conditions.
Fleming Island offers a range of investment properties with high cash flow and strong cap rates. The properties highlighted above showcase the potential for solid returns in this thriving market. Don’t miss out on these opportunities—contact us today for more information on these properties or to sign up for real-time updates on high-return investment properties in Fleming Island.
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