For real estate investors, understanding cash on cash return (COC) is crucial to maximizing profits and minimizing risks. In Green Cove Springs, the market is ripe with opportunities that boast impressive COC figures, making it an attractive destination for savvy investors. For instance, a single-family property recently listed at just $32,500 offers a staggering COC of 150.1%, while another property priced at $155,000 yields a respectable 21.8% COC. These compelling data points highlight the potential for lucrative investments in the area.
This article will delve into the most promising real estate deals in Green Cove Springs, showcasing properties with high cash on cash returns and other attractive characteristics. By analyzing these data points, investors can identify lucrative opportunities that align with their financial goals.
Understanding which metrics matter most—such as cash flow, cap rate, and net operating income—can empower investors to make informed decisions. With the right data at their fingertips, investors can navigate the Green Cove Springs market with confidence and seize the best investment opportunities.
Did you know that Florida has one of the highest rates of population growth in the United States? This trend is driving demand for housing and creating a vibrant real estate 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sign up for a free account to view this property's address and details. | Florahome, FL | Single Family | 150.1% | $32,500 | $1,028 | $215 | $1,017 | 37.6% | $813 | 2.6 | 5.5 | $184 | $20 | $0 | $11 |
| Sign up for a free account to view this property's address and details. | Green Cove Springs, FL | Single Family | 21.8% | $155,000 | $1,459 | $896 | $1,412 | 10.9% | $563 | 8.9 | 1.8 | $769 | $80 | $0 | $47 |
| Sign up for a free account to view this property's address and details. | Green Cove Springs, FL | Single Family | 20.7% | $230,000 | $2,123 | $1,329 | $2,054 | 10.7% | $794 | 9.0 | 1.8 | $1,141 | $119 | $0 | $69 |
| Sign up for a free account to view this property's address and details. | Saint Augustine, FL | Manufactured | 18.6% | $279,000 | $2,511 | $1,647 | $2,406 | 10.3% | $864 | 9.3 | 1.7 | $1,382 | $160 | $21 | $84 |
| Sign up for a free account to view this property's address and details. | Green Cove Springs, FL | Single Family | 16.9% | $134,900 | $1,156 | $777 | $1,116 | 9.9% | $379 | 9.7 | 1.7 | $667 | $70 | $0 | $40 |
| 2365 BONNIE LAKES Drive, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | 7.1% | $299,499 | $2,091 | $1,735 | $1,994 | 8.0% | $356 | 11.9 | 1.3 | $1,483 | $155 | $7 | $90 |
| 544 MAJESTIC WOOD Drive, Fleming Island, FL 32003 | Fleming Island, FL | Single Family | 6.2% | $390,000 | $2,652 | $2,250 | $2,535 | 7.8% | $402 | 12.3 | 1.3 | $1,931 | $202 | $0 | $117 |
| 3416 CONCORD Court, Green Cove Springs, FL 32043 | Cove Springs, FL | Single Family | 5.6% | $299,000 | $2,061 | $1,781 | $1,915 | 7.7% | $280 | 12.1 | 1.3 | $1,481 | $154 | $56 | $90 |
| 701 CALICO JACK Way, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | 4.5% | $265,900 | $1,733 | $1,534 | $1,653 | 7.5% | $199 | 12.8 | 1.3 | $1,317 | $137 | $0 | $80 |
| 2433 FALLING STAR Lane, Green Cove Springs, FL 32043 | Cove Springs, FL | Single Family | 2.8% | $295,000 | $1,842 | $1,704 | $1,751 | 7.1% | $138 | 13.3 | 1.2 | $1,461 | $152 | $2 | $89 |
| 3029 RUSSELL Road, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | 1.2% | $359,000 | $2,145 | $2,071 | $2,037 | 6.8% | $74 | 13.9 | 1.1 | $1,778 | $185 | $0 | $108 |
| 2166 PEBBLE POINT Drive, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | 0.7% | $309,900 | $1,949 | $1,912 | $1,839 | 7.1% | $37 | 13.3 | 1.1 | $1,608 | $194 | $7 | $103 |
| 520 FLACH Drive, St Johns, FL 32259 | Saint Johns, FL | Single Family | 0.3% | $750,000 | $4,400 | $4,361 | $4,125 | 6.6% | $39 | 14.2 | 1.1 | $3,655 | $431 | $50 | $225 |
| 3531 CITATION Drive, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | 0.1% | $320,000 | $1,864 | $1,861 | $1,753 | 6.6% | $3 | 14.3 | 1.1 | $1,585 | $165 | $15 | $96 |
| 2635 HALPERNS Way, Middleburg, FL 32068 | Middleburg, FL | Single Family | -0.5% | $469,000 | $2,668 | $2,705 | $2,527 | 6.5% | -$37 | 14.6 | 1.1 | $2,322 | $242 | $0 | $141 |
| 2849 BLACKBERRY Avenue, Middleburg, FL 32068 | Middleburg, FL | Single Family | -1.3% | $570,000 | $3,123 | $3,244 | $2,952 | 6.2% | -$121 | 15.2 | 1.1 | $2,778 | $295 | $0 | $171 |
| 2431 CREEKFRONT Drive, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | -1.9% | $350,000 | $1,956 | $2,067 | $1,801 | 6.2% | -$111 | 14.9 | 1.0 | $1,731 | $181 | $50 | $105 |
| 3112 BROOK HAVEN Court, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | -2.0% | $325,000 | $1,933 | $2,041 | $1,804 | 6.7% | -$108 | 14.0 | 1.1 | $1,709 | $203 | $21 | $108 |
| 1534 RIVERS Road, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | -2.1% | $349,999 | $2,028 | $2,152 | $1,911 | 6.6% | -$124 | 14.4 | 1.1 | $1,816 | $219 | $0 | $117 |
| 3034 COLD LEAF Way, Green Cove Springs, FL 32043 | Cove Springs, FL | Single Family | -2.2% | $425,000 | $2,301 | $2,455 | $2,171 | 6.1% | -$154 | 15.4 | 1.0 | $2,105 | $220 | $2 | $128 |
| 4059 INGLEWOOD Drive, Middleburg, FL 32068 | Middleburg, FL | Single Family | -3.4% | $489,999 | $2,546 | $2,826 | $2,399 | 5.9% | -$280 | 16.0 | 1.0 | $2,426 | $253 | $0 | $147 |
| 3549 SOUTHERN PINES Drive, Middleburg, FL 32068 | Middleburg, FL | Single Family | -4.0% | $430,000 | $2,193 | $2,480 | $2,064 | 5.8% | -$287 | 16.3 | 1.0 | $2,129 | $222 | $0 | $129 |
| 122 VOYSEY Place, St Johns, FL 32259 | Saint Johns, FL | Single Family | -4.0% | $419,900 | $2,484 | $2,767 | $2,037 | 5.8% | -$283 | 14.1 | 1.0 | $2,079 | $241 | $321 | $126 |
| 183 CROWN WHEEL Circle, St Johns, FL 32259 | Saint Johns, FL | Single Family | -4.2% | $499,999 | $2,826 | $3,172 | $2,595 | 6.2% | -$346 | 14.7 | 1.0 | $2,629 | $312 | $64 | $167 |
| 2767 RAVINE HILL Drive, Middleburg, FL 32068 | Middleburg, FL | Single Family | -4.3% | $362,000 | $1,994 | $2,254 | $1,844 | 6.1% | -$260 | 15.1 | 1.0 | $1,878 | $226 | $29 | $121 |
| 2304 CRAVEN Road, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | -5.7% | $450,000 | $2,165 | $2,596 | $2,030 | 5.4% | -$431 | 17.3 | 0.9 | $2,228 | $233 | $0 | $135 |
| 2895 CROSS CREEK Drive, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | -6.5% | $374,900 | $1,975 | $2,380 | $1,800 | 5.8% | -$405 | 15.8 | 0.9 | $1,971 | $234 | $50 | $125 |
| 284 WHIRLAWAY Court, St Johns, FL 32259 | Saint Johns, FL | Single Family | -6.8% | $899,000 | $4,149 | $5,174 | $3,874 | 5.2% | -$1,025 | 18.1 | 0.9 | $4,382 | $517 | $5 | $270 |
| 100 JACK Road, Palatka, FL 32177 | Palatka, FL | Single Family | -7.0% | $349,900 | $1,767 | $2,176 | $1,650 | 5.7% | -$409 | 16.5 | 0.9 | $1,840 | $219 | $0 | $117 |
| 6087 WOODARD Lane, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Manufactured | -7.1% | $399,000 | $1,828 | $2,300 | $1,708 | 5.1% | -$472 | 18.2 | 0.9 | $1,974 | $206 | $0 | $120 |
| 2681 HALPERNS Way, Middleburg, FL 32068 | Middleburg, FL | Single Family | -7.3% | $590,000 | $2,642 | $3,358 | $2,465 | 5.0% | -$716 | 18.6 | 0.9 | $2,876 | $305 | $0 | $177 |
| 2434 GOLDEN BELL Lane, Fleming Island, FL 32003 | Fleming Island, FL | Single Family | -7.5% | $599,000 | $2,661 | $3,414 | $2,475 | 5.0% | -$753 | 18.8 | 0.8 | $2,919 | $309 | $6 | $180 |
| 1414 SHEFFIELD Road, St Johns, FL 32259 | Saint Johns, FL | Single Family | -7.9% | $725,000 | $3,220 | $4,169 | $3,002 | 5.0% | -$949 | 18.8 | 0.8 | $3,534 | $417 | $0 | $218 |
| 4143 EVERETT Avenue, Middleburg, FL 32068 | Middleburg, FL | Single Family | -8.0% | $479,000 | $2,127 | $2,763 | $1,983 | 5.0% | -$636 | 18.8 | 0.8 | $2,372 | $247 | $0 | $144 |
| 5715 US HIGHWAY 17, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | -8.3% | $539,500 | $2,367 | $3,112 | $2,205 | 4.9% | -$745 | 19.0 | 0.8 | $2,671 | $279 | $0 | $162 |
| 86 FLACH Drive, St Johns, FL 32259 | Saint Johns, FL | Single Family | -8.8% | $592,000 | $2,780 | $3,651 | $2,533 | 5.1% | -$871 | 17.7 | 0.8 | $3,034 | $370 | $50 | $197 |
| 1366 MARLEE Road, St Johns, FL 32259 | Saint Johns, FL | Single Family | -11.7% | $539,900 | $2,264 | $3,318 | $2,084 | 4.6% | -$1,054 | 19.9 | 0.7 | $2,801 | $337 | $0 | $180 |
| 3965 SUSAN Drive, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | -16.4% | $875,000 | $2,588 | $4,980 | $2,325 | 3.2% | -$2,392 | 28.2 | 0.5 | $4,265 | $452 | $0 | $263 |
Cash on Cash Return: 150.1%
Price: $32,500
Rent: $1,028
Total Payment: $215
Cap Rate: 37.6%
Cash Flow: $813
GRM: 2.6
DSCR: 5.5
Location: Hillsborough Avenue, Florahome, FL
Last Updated: 01/01/1900
First Seen: 11/30/2024
This single-family home on Hillsborough Avenue offers an exceptional cash on cash return of 150.1%. Priced at just $32,500, it generates a monthly rent of $1,028, resulting in a strong cash flow of $813. With a cap rate of 37.6%, this property stands out as a top investment opportunity in the area.
Cash on Cash Return: 21.8%
Price: $155,000
Rent: $1,459
Total Payment: $896
Cap Rate: 10.9%
Cash Flow: $563
GRM: 8.9
DSCR: 1.8
Location: Highland Avenue S, Green Cove Springs, FL
Last Updated: 01/01/1900
First Seen: 11/30/2024
This property on Highland Avenue S is another excellent investment, offering a cash on cash return of 21.8%. With a purchase price of $155,000 and a monthly rent of $1,459, it provides a cash flow of $563 and a cap rate of 10.9%. This home is well-positioned for steady rental income.
Cash on Cash Return: 20.7%
Price: $230,000
Rent: $2,123
Total Payment: $1,329
Cap Rate: 10.7%
Cash Flow: $794
GRM: 9.0
DSCR: 1.8
Location: N West Street, Green Cove Springs, FL
Last Updated: 01/01/1900
First Seen: 11/30/2024
Located on N West Street, this single-family home is priced at $230,000 and offers a cash on cash return of 20.7%. With a monthly rent of $2,123, it generates a cash flow of $794 and a cap rate of 10.7%. This property is a solid choice for investors looking for reliable rental income.
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 strategically positioned in the Green Cove Springs 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 listed 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, and 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 Highland Avenue S property, an investor could see an increase in cash flow, making the investment even more attractive.
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 better over time. The properties listed demonstrate that both types can yield strong returns, making them viable options for investors in Green Cove Springs.
With a variety of investment properties offering high cash flow and strong cap rates, Green Cove Springs stands out as an excellent choice for real estate investors. The properties highlighted above showcase the potential for solid returns in this growing market. Don’t miss out on these opportunities—contact us today for more information or to sign up for real-time updates on high-return investment properties in Green Cove Springs!