For real estate investors, understanding cash on cash return (COC) is crucial to maximizing profits and minimizing risks. In Florahome, the potential for lucrative investments is evident, with remarkable deals showcasing impressive COC rates. For instance, a manufactured home in Keystone Heights boasts a staggering COC of 136.9% with a purchase price of just $39,000, while another property in Palatka offers an 88.2% COC at a price of $74,900. These figures highlight the opportunities available in the market, making it essential for investors to analyze such data to identify high-yield prospects.
This article will delve into the real estate landscape of Florahome, focusing on properties that not only promise high cash on cash returns but also feature other attractive characteristics. By examining these deals, investors can uncover valuable insights that will aid in making informed decisions and capitalizing on the best opportunities.
Understanding which data points matter most—like COC, cap rates, and cash flow—can significantly impact an investor's strategy. With the right information, you can navigate the Florahome market effectively and secure investments that yield 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 a prime location 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. | Keystone Heights, FL | Manufactured | 136.9% | $39,000 | $1,120 | $230 | $1,108 | 34.1% | $890 | 2.9 | 5.6 | $198 | $20 | $0 | $12 |
| Sign up for a free account to view this property's address and details. | Palatka, FL | Manufactured | 88.2% | $74,900 | $1,547 | $446 | $1,525 | 24.4% | $1,101 | 4.0 | 4.0 | $380 | $44 | $0 | $22 |
| Sign up for a free account to view this property's address and details. | Interlachen, FL | Manufactured | 63.4% | $99,000 | $1,637 | $591 | $1,607 | 19.5% | $1,046 | 5.0 | 3.2 | $502 | $59 | $0 | $30 |
| Sign up for a free account to view this property's address and details. | Interlachen, FL | Manufactured | 61.7% | $99,000 | $1,609 | $591 | $1,579 | 19.1% | $1,018 | 5.1 | 3.1 | $502 | $59 | $0 | $30 |
| Sign up for a free account to view this property's address and details. | Interlachen, FL | Manufactured | 33.5% | $105,000 | $1,213 | $626 | $1,181 | 13.5% | $587 | 7.2 | 2.2 | $532 | $62 | $0 | $32 |
| Sign up for a free account to view this property's address and details. | Hawthorne, FL | Single Family | 29.9% | $185,200 | $2,017 | $1,095 | $1,957 | 12.7% | $922 | 7.7 | 2.1 | $925 | $110 | $4 | $56 |
| Sign up for a free account to view this property's address and details. | Interlachen, FL | Single Family | 19.8% | $150,000 | $1,377 | $883 | $1,332 | 10.7% | $494 | 9.1 | 1.8 | $749 | $89 | $0 | $45 |
| Sign up for a free account to view this property's address and details. | Interlachen, FL | Single Family | 19.4% | $124,900 | $1,147 | $744 | $1,110 | 10.7% | $403 | 9.1 | 1.8 | $633 | $74 | $0 | $37 |
| Sign up for a free account to view this property's address and details. | Interlachen, FL | Single Family | 13.0% | $205,000 | $1,650 | $1,207 | $1,588 | 9.3% | $443 | 10.4 | 1.6 | $1,024 | $121 | $0 | $62 |
| Sign up for a free account to view this property's address and details. | Interlachen, FL | Single Family | 12.2% | $179,000 | $1,421 | $1,058 | $1,363 | 9.1% | $363 | 10.5 | 1.5 | $894 | $106 | $4 | $54 |
| Sign up for a free account to view this property's address and details. | Melrose, FL | Single Family | 12.1% | $239,500 | $1,876 | $1,392 | $1,804 | 9.0% | $484 | 10.6 | 1.5 | $1,196 | $124 | $0 | $72 |
| Sign up for a free account to view this property's address and details. | Keystone Heights, FL | Single Family | 11.9% | $210,000 | $1,638 | $1,221 | $1,575 | 9.0% | $417 | 10.7 | 1.5 | $1,049 | $109 | $0 | $63 |
| Sign up for a free account to view this property's address and details. | Interlachen, FL | Single Family | 11.4% | $179,000 | $1,393 | $1,054 | $1,339 | 9.0% | $339 | 10.7 | 1.5 | $894 | $106 | $0 | $54 |
| 201 COMER Road, Palatka, FL 32177 | Palatka, FL | Single Family | 10.4% | $270,000 | $2,073 | $1,603 | $1,992 | 8.9% | $470 | 10.9 | 1.5 | $1,362 | $160 | $0 | $81 |
| 5354 COUNTY ROAD 214, Keystone Heights, FL 32656 | Keystone Heights, FL | Single Family | 8.3% | $240,000 | $1,724 | $1,394 | $1,652 | 8.3% | $330 | 11.6 | 1.4 | $1,198 | $124 | $0 | $72 |
| 5534 LASSEN Street, Keystone Heights, FL 32656 | Keystone Heights, FL | Manufactured | 6.7% | $196,500 | $1,362 | $1,142 | $1,303 | 8.0% | $220 | 12.0 | 1.3 | $981 | $102 | $0 | $59 |
| 4591 COMET Avenue, Keystone Heights, FL 32656 | Keystone Heights, FL | Manufactured | 2.9% | $265,000 | $1,683 | $1,554 | $1,603 | 7.3% | $129 | 13.1 | 1.2 | $1,337 | $137 | $0 | $80 |
| 204 1ST Street, Melrose, FL 32666 | Melrose, FL | Manufactured | 2.9% | $344,000 | $2,210 | $2,043 | $2,107 | 7.4% | $167 | 13.0 | 1.2 | $1,736 | $204 | $0 | $103 |
| 177 Whirlwind Loop, Hawthorne, FL 32640 | Hawthorne, FL | Single Family | 2.1% | $317,999 | $1,979 | $1,868 | $1,884 | 7.1% | $111 | 13.4 | 1.2 | $1,585 | $188 | $0 | $95 |
| 114 MANDARIN LAKE Road, Melrose, FL 32666 | Melrose, FL | Single Family | 1.5% | $345,000 | $2,135 | $2,049 | $2,031 | 7.1% | $86 | 13.5 | 1.2 | $1,741 | $204 | $0 | $104 |
| 7934 SUNNYBROOK Road, Melrose, FL 32666 | Melrose, FL | Single Family | 0.7% | $259,900 | $1,554 | $1,523 | $1,476 | 6.8% | $31 | 13.9 | 1.1 | $1,311 | $134 | $0 | $78 |
| 206 MOTES Road, Palatka, FL 32177 | Palatka, FL | Manufactured | -1.2% | $219,900 | $1,251 | $1,294 | $1,185 | 6.5% | -$43 | 14.6 | 1.1 | $1,098 | $130 | $0 | $66 |
| 334 N COUNTY ROAD 315, Interlachen, FL 32148 | Interlachen, FL | Single Family | -2.0% | $888,888 | $4,947 | $5,236 | $4,680 | 6.3% | -$289 | 15.0 | 1.1 | $4,443 | $526 | $0 | $267 |
| 107 FOX SQUIRREL Lane, Hawthorne, FL 32640 | Hawthorne, FL | Single Family | -2.2% | $267,900 | $1,490 | $1,588 | $1,410 | 6.3% | -$98 | 15.0 | 1.0 | $1,349 | $159 | $0 | $80 |
| 141 BROCK Road, Florahome, FL 32140 | Florahome, FL | Manufactured | -3.8% | $350,000 | $1,857 | $2,078 | $1,752 | 6.0% | -$221 | 15.7 | 1.0 | $1,766 | $207 | $0 | $105 |
| 5325 CO RD 352, Keystone Heights, FL 32656 | Keystone Heights, FL | Single Family | -5.4% | $399,900 | $1,983 | $2,341 | $1,863 | 5.6% | -$358 | 16.8 | 0.9 | $2,014 | $207 | $0 | $120 |
| 159 IDA Boulevard, Interlachen, FL 32148 | Interlachen, FL | Single Family | -5.4% | $334,000 | $1,681 | $1,983 | $1,581 | 5.7% | -$302 | 16.6 | 0.9 | $1,685 | $198 | $0 | $100 |
| 6706 SHANDS Road, Keystone Heights, FL 32656 | Keystone Heights, FL | Single Family | -6.5% | $315,000 | $1,508 | $1,847 | $1,413 | 5.4% | -$339 | 17.4 | 0.9 | $1,589 | $163 | $0 | $95 |
| 122 SANTA ROSA Street, Florahome, FL 32140 | Florahome, FL | Single Family | -7.1% | $399,900 | $1,899 | $2,375 | $1,779 | 5.3% | -$476 | 17.5 | 0.9 | $2,018 | $237 | $0 | $120 |
| 5019 HESKETT Lane, Keystone Heights, FL 32656 | Keystone Heights, FL | Single Family | -7.5% | $384,000 | $1,778 | $2,255 | $1,655 | 5.2% | -$477 | 18.0 | 0.9 | $1,934 | $198 | $8 | $115 |
| 115 BAY TREE Lane, Florahome, FL 32140 | Florahome, FL | Single Family | -7.5% | $349,900 | $1,639 | $2,078 | $1,534 | 5.3% | -$439 | 17.8 | 0.9 | $1,766 | $207 | $0 | $105 |
| 114 Dew Drop Dr, Hawthorne, FL 32640 | Hawthorne, FL | Manufactured | -7.7% | $325,000 | $1,510 | $1,927 | $1,412 | 5.2% | -$417 | 17.9 | 0.9 | $1,637 | $192 | $0 | $98 |
| 1003 WALKER Drive, Interlachen, FL 32148 | Interlachen, FL | Single Family | -8.7% | $634,000 | $2,812 | $3,734 | $2,622 | 5.0% | -$922 | 18.8 | 0.8 | $3,169 | $375 | $0 | $190 |
Cash on Cash Return: 136.9%
Price: $39,000
Rent: $1,120
Total Payment: $230
Cap Rate: 34.1%
Cash Flow: $890
GRM: 2.9
DSCR: 5.6
Last Updated: 12/16/2024
First Seen: 12/16/2024
This manufactured property on Rookery Road stands out due to its exceptional cash on cash return of 136.9%. With a purchase price of $39,000 and a rental income of $1,120, investors can expect a robust cash flow of $890 monthly. The high cap rate of 34.1% indicates strong profitability, making it a top choice for those seeking cash flow properties in Florahome.
Cash on Cash Return: 88.2%
Price: $74,900
Rent: $1,547
Total Payment: $446
Cap Rate: 24.4%
Cash Flow: $1,101
GRM: 4.0
DSCR: 4.0
Last Updated: 12/16/2024
First Seen: 12/16/2024
Located on Dana Lane, this manufactured home offers a cash on cash return of 88.2%. Priced at $74,900, it generates a monthly rent of $1,547, resulting in a cash flow of $1,101. With a cap rate of 24.4%, this property is an excellent investment opportunity for those looking for high cap rate properties in Florahome.
Cash on Cash Return: 63.4%
Price: $99,000
Rent: $1,637
Total Payment: $591
Cap Rate: 19.5%
Cash Flow: $1,046
GRM: 5.0
DSCR: 3.2
Last Updated: 12/16/2024
First Seen: 12/16/2024
This manufactured property on Annette Avenue is priced at $99,000 and offers a cash flow of $1,046 per month. With a cash on cash return of 63.4% and a cap rate of 19.5%, it presents a solid investment for those interested in rental properties for sale in Florahome.
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. Similarly, 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 represent some of the best cash on cash return in Florahome.
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 Rookery Road property has a GRM of 2.9 and a DSCR of 5.6, 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 Annette Avenue property reduces its insurance costs by $30 monthly, the cash flow would increase to $1,076, showcasing the impact of cost-saving measures.
Investing in condos versus single-family homes has its pros and cons. 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 them viable options for investors in Florahome.
With its high cash flow properties and strong cap rates, Florahome presents an excellent opportunity for real estate investors. The standout features of the properties listed above highlight the potential for significant returns. Don’t miss out on these investment opportunities—contact us today for more information or to sign up for real-time updates on high-return investment properties in Florahome!