For real estate investors, understanding cash on cash return (COC) is crucial for maximizing profits and making informed investment decisions. In Lake Butler, the potential for lucrative opportunities is evident, with recent deals showcasing impressive COC rates. For instance, a manufactured home recently listed at $140,000 boasts a remarkable 23.4% COC, while another manufactured property priced at $260,000 offers a solid 21.6% COC. Additionally, a single-family home at $329,000 presents a respectable 10.1% COC. This article will delve into these high-performing deals in Lake Butler, highlighting their attractive data characteristics, including cap rates and cash flow, to help investors identify the best opportunities in the market.
Why does this matter? The right data can empower investors to make strategic choices, ensuring they capitalize on the most promising real estate investments. Did you know that Florida's real estate market has consistently ranked among the top states for investment returns, making it a hotspot for savvy investors? Join us as we explore the numbers that matter and uncover the potential waiting for you in Lake Butler.
| 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. | Lake butler, FL | Manufactured | 23.4% | $140,000 | $1,358 | $812 | $1,316 | 11.3% | $546 | 8.6 | 1.9 | $693 | $77 | $0 | $42 |
| Sign up for a free account to view this property's address and details. | Raiford, FL | Manufactured | 21.6% | $260,000 | $2,443 | $1,507 | $2,365 | 10.9% | $936 | 8.9 | 1.8 | $1,286 | $143 | $0 | $78 |
| 4779 SW 119TH Loop, Lake Butler, FL 32054 | Lake Butler, FL | Single Family | 10.1% | $329,000 | $2,598 | $2,046 | $2,488 | 9.1% | $552 | 10.6 | 1.4 | $1,730 | $206 | $0 | $110 |
| 20567 NE 118TH Street, Lake Butler, FL 32054 | Lake Butler, FL | Single Family | -2.0% | $252,900 | $1,383 | $1,466 | $1,307 | 6.2% | -$83 | 15.2 | 1.0 | $1,251 | $139 | $0 | $76 |
| 8001 NW 137th St, Lake Butler, FL 32054 | Lake Butler, FL | Single Family | -2.4% | $399,900 | $2,159 | $2,320 | $2,039 | 6.1% | -$161 | 15.4 | 1.0 | $1,980 | $220 | $0 | $120 |
| 8260 W County Road 18, Lake Butler, FL 32054 | Lake Butler, FL | Single Family | -2.6% | $289,000 | $1,654 | $1,777 | $1,558 | 6.5% | -$123 | 14.6 | 1.0 | $1,500 | $181 | $0 | $96 |
| 5583 SW County Road 239, Lake Butler, FL 32054 | Lake Butler, FL | Manufactured | -5.7% | $329,900 | $1,599 | $1,912 | $1,500 | 5.5% | -$313 | 17.2 | 0.9 | $1,632 | $181 | $0 | $99 |
| 9947 SW 37TH Street, Lake Butler, FL 32054 | Lake Butler, FL | Single Family | -10.8% | $270,000 | $1,172 | $1,660 | $1,082 | 4.8% | -$488 | 19.2 | 0.8 | $1,401 | $169 | $0 | $90 |
| 16609 W County Road 1491, Alachua, FL 32615 | Alachua, FL | Single Family | -12.6% | $699,000 | $2,881 | $4,345 | $2,648 | 4.5% | -$1,464 | 20.2 | 0.7 | $3,675 | $437 | $0 | $233 |
| 6643 SW 64TH Trail, Lake Butler, FL 32054 | Lake Butler, FL | Single Family | -17.6% | $579,000 | $1,824 | $3,522 | $1,631 | 3.4% | -$1,698 | 26.5 | 0.5 | $2,967 | $362 | $0 | $193 |
Cash on Cash Return: 23.4%
Price: $140,000
Rent: $1,358
Total Payment: $812
Cap Rate: 11.3%
Cash Flow: $546
GRM: 8.6
DSCR: 1.9
Location: NE 204TH Lane
Last Updated: 01/01/1900
First Seen: 11/30/2024
This manufactured home on NE 204TH Lane offers an impressive cash on cash return of 23.4%. With a price of $140,000 and a rental income of $1,358, this property generates a solid cash flow of $546 monthly. The cap rate of 11.3% indicates strong profitability, making it a standout investment opportunity in Lake Butler.
Cash on Cash Return: 21.6%
Price: $260,000
Rent: $2,443
Total Payment: $1,507
Cap Rate: 10.9%
Cash Flow: $936
GRM: 8.9
DSCR: 1.8
Location: NE 222ND
Last Updated: 01/01/1900
First Seen: 11/30/2024
This second manufactured home located on NE 222ND is priced at $260,000 and offers a cash on cash return of 21.6%. With a rental income of $2,443, it provides a cash flow of $936, and a cap rate of 10.9%. This property is ideal for investors looking for high cash flow and solid returns.
Cash on Cash Return: 10.1%
Price: $329,000
Rent: $2,598
Total Payment: $2,046
Cap Rate: 9.1%
Cash Flow: $552
GRM: 10.6
DSCR: 1.4
Location: SW 119TH Loop
Last Updated: 01/01/1900
First Seen: 11/30/2024
This single-family home on SW 119TH Loop is priced at $329,000, offering a cash on cash return of 10.1%. With a rental income of $2,598, it generates a cash flow of $552 and a cap rate of 9.1%. This property is a great option for those looking to invest in a family-oriented neighborhood.
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 present a lower risk 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 first property has a GRM of 8.6 and a DSCR of 1.9, indicating a strong ability to generate income and cover debt, making it a low-risk investment.
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 first property reduces its total payment by $100 through cost-saving measures, the cash flow would increase to $646, improving the overall return on investment.
Investing in condos versus single-family homes has its pros and cons. 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.
Lake Butler offers a variety of investment properties with high cash flow and strong cap rates. The manufactured homes and single-family home listed above exemplify the lucrative opportunities available in this market. With its growing economy and demand for rental properties, Lake Butler is an excellent choice for real estate investors. Act quickly on these high-return properties before they are sold! Contact us for more information or sign up for real-time updates on investment opportunities in Lake Butler.