For real estate investors, understanding cash on cash return (COC) is crucial for maximizing profits and making informed investment decisions. In Hastings, the potential for lucrative returns is evident, with recent deals showcasing impressive COC figures. For instance, a manufactured home recently listed at $125,000 boasts a staggering 73.4% cash on cash return, while a single-family property priced at $165,000 offers a solid 62.7% return. These compelling data points highlight the opportunities available in Hastings, where investors can find properties with attractive rental income and favorable cap rates.
This article will delve into the most promising real estate deals in Hastings, focusing on properties that not only deliver high cash on cash returns but also feature other attractive characteristics such as strong cash flow and low total payments. By analyzing this data, investors can identify lucrative opportunities that align with their financial goals.
Understanding which data points matter most—like cash flow, cap rates, and total payments—can significantly assist investors in making informed decisions. With the right insights, you can navigate the Hastings real estate market effectively and capitalize on its potential.
Did you know that Hastings is known for its rich agricultural history, making it a unique market for real estate investment? This blend of rural charm and growth potential makes it an attractive destination 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. | Elkton, FL | Manufactured | 73.4% | $125,000 | $2,264 | $734 | $2,226 | 21.4% | $1,530 | 4.6 | 3.6 | $624 | $72 | $0 | $38 |
| Sign up for a free account to view this property's address and details. | Hastings, FL | Single Family | 62.7% | $165,000 | $2,692 | $969 | $2,642 | 19.2% | $1,723 | 5.1 | 3.2 | $824 | $95 | $0 | $50 |
| Sign up for a free account to view this property's address and details. | Elkton, FL | Manufactured | 58.4% | $140,000 | $2,185 | $822 | $2,143 | 18.4% | $1,363 | 5.3 | 3.1 | $699 | $81 | $0 | $42 |
| Sign up for a free account to view this property's address and details. | Saint Augustine, FL | Manufactured | 28.8% | $199,000 | $2,122 | $1,168 | $2,062 | 12.4% | $954 | 7.8 | 2.1 | $994 | $114 | $0 | $60 |
| Sign up for a free account to view this property's address and details. | Hastings, FL | Manufactured | 13.8% | $195,000 | $1,594 | $1,145 | $1,535 | 9.4% | $449 | 10.2 | 1.6 | $974 | $112 | $0 | $59 |
| 258 Deltona Blvd, Saint Augustine, FL 32086 | Saint Augustine, FL | Single Family | 10.5% | $299,500 | $2,330 | $1,806 | $2,207 | 8.8% | $524 | 10.7 | 1.5 | $1,511 | $172 | $33 | $90 |
| 4031 SUSAN Street, Hastings, FL 32145 | Hastings, FL | Manufactured | 8.3% | $279,990 | $2,044 | $1,658 | $1,960 | 8.4% | $386 | 11.4 | 1.4 | $1,413 | $161 | $0 | $84 |
| 10310 Crotty Ave, Hastings, FL 32145 | Hastings, FL | Manufactured | 6.8% | $200,000 | $1,399 | $1,174 | $1,339 | 8.0% | $225 | 11.9 | 1.3 | $999 | $115 | $0 | $60 |
| 280 SUNSHINE Drive, St Augustine, FL 32086 | Saint Augustine, FL | Single Family | 3.8% | $450,000 | $3,002 | $2,715 | $2,817 | 7.5% | $287 | 12.5 | 1.2 | $2,271 | $259 | $50 | $135 |
| 4805 DEVONSHIRE Drive, St Augustine, FL 32086 | Saint Augustine, FL | Single Family | 2.7% | $344,900 | $2,195 | $2,041 | $2,092 | 7.3% | $154 | 13.1 | 1.2 | $1,740 | $198 | $0 | $103 |
| 113 KING ARTHUR Court, St Augustine, FL 32086 | Saint Augustine, FL | Single Family | 2.0% | $319,900 | $2,031 | $1,923 | $1,906 | 7.1% | $108 | 13.1 | 1.2 | $1,614 | $184 | $29 | $96 |
| 247 Shores Blvd, Saint Augustine, FL 32086 | Saint Augustine, FL | Single Family | -0.7% | $315,000 | $1,860 | $1,898 | $1,732 | 6.6% | -$38 | 14.1 | 1.1 | $1,589 | $181 | $33 | $95 |
| 343 CASUARINA Circle, St Augustine, FL 32086 | Saint Augustine, FL | Single Family | -2.4% | $346,900 | $1,909 | $2,050 | $1,805 | 6.2% | -$141 | 15.1 | 1.0 | $1,747 | $199 | $0 | $104 |
| 32 TARRAGONA Court, St Augustine, FL 32086 | Saint Augustine, FL | Condo | -3.3% | $215,000 | $1,578 | $1,696 | $1,080 | 6.0% | -$118 | 11.4 | 1.0 | $1,074 | $124 | $433 | $65 |
| 308 Palmas Cir, Saint Augustine, FL 32086 | Saint Augustine, FL | Single Family | -3.8% | $765,000 | $4,040 | $4,527 | $3,777 | 5.9% | -$487 | 15.8 | 1.0 | $3,824 | $440 | $33 | $230 |
| 325 GIANNA Way, St Augustine, FL 32086 | Saint Augustine, FL | Single Family | -4.7% | $477,900 | $2,505 | $2,879 | $2,312 | 5.8% | -$374 | 15.9 | 1.0 | $2,411 | $275 | $50 | $143 |
| 113 Kent Estate Rd, Elkton, FL 32033 | Elkton, FL | Single Family | -16.5% | $949,000 | $2,963 | $5,575 | $2,678 | 3.4% | -$2,612 | 26.7 | 0.6 | $4,744 | $546 | $0 | $285 |
Cash on Cash Return: 73.4%
Price: $125,000
Rent: $2,264
Total Payment: $734
Cap Rate: 21.4%
Cash Flow: $1,530
GRM: 4.6
DSCR: 3.6
Location: Casa Grande Ct, Elkton
Last Updated: 12/16/2024
First Seen: 12/16/2024
This manufactured home stands out due to its impressive cash on cash return and high cap rate. Located in a desirable area, it offers a strong rental income that significantly exceeds the total payment, resulting in a healthy cash flow. The property’s metrics indicate a solid investment opportunity for those seeking high returns.
Cash on Cash Return: 62.7%
Price: $165,000
Rent: $2,692
Total Payment: $969
Cap Rate: 19.2%
Cash Flow: $1,723
GRM: 5.1
DSCR: 3.2
Location: Smith Road, Hastings
Last Updated: 12/16/2024
First Seen: 12/16/2024
This single-family home offers a compelling investment opportunity with a strong cash flow and a favorable cap rate. Its location in Hastings makes it appealing to renters, ensuring consistent occupancy and income. The metrics reflect a solid return on investment, making it a prime choice for real estate investors.
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 properties in Hastings exemplify these metrics, showcasing their profitability and potential for investors.
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 low risk and strong 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 manufactured home, the cash flow could improve by several hundred dollars annually.
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 highlighted demonstrate that both types can yield strong returns, depending on the investor's strategy and market conditions.
With its high cash flow properties and strong cap rates, Hastings is an excellent choice for real estate investors. The standout features of the listed properties highlight the lucrative opportunities available in this market. Don’t miss out on these high-return investment properties—contact us today for more information or to sign up for real-time updates on the best cash on cash return in Hastings!