For real estate investors, understanding cash on cash return (COC) is crucial to maximizing profits and minimizing risks. In Mayo, the potential for lucrative investments is evident, with single-family properties showcasing impressive COC rates. For instance, one property boasts a remarkable 14.1% COC with a purchase price of $199,000, generating a cash flow of $466 monthly. Another deal offers a solid 13.2% COC, also priced at $199,000, with a monthly cash flow of $438. These figures highlight the opportunities available in this market.
This article will delve into the most promising real estate deals in Mayo, focusing on properties that not only offer high cash on cash returns but also other attractive characteristics such as favorable cap rates and strong rental income. 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 COC—can empower investors to make informed decisions. With Mayo's real estate market showing potential for high returns, now is the time to explore these opportunities and secure your financial future.
Did you know that Mayo, Florida, is known for its rich agricultural land, making it an attractive location for both residential and investment properties?
| 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. | Mayo, FL | Single Family | 14.1% | $199,000 | $1,631 | $1,165 | $1,571 | 9.5% | $466 | 10.2 | 1.6 | $984 | $121 | $0 | $60 |
| Sign up for a free account to view this property's address and details. | Mayo, FL | Single Family | 13.2% | $199,000 | $1,603 | $1,165 | $1,543 | 9.3% | $438 | 10.3 | 1.6 | $984 | $121 | $0 | $60 |
| 1015 NE Northwood Dr, Mayo, FL 32066 | Mayo, FL | Single Family | 6.2% | $524,000 | $3,766 | $3,222 | $3,591 | 8.2% | $544 | 11.6 | 1.3 | $2,719 | $328 | $0 | $175 |
| 786 SE Turkey Rd, Mayo, FL 32066 | Mayo, FL | Single Family | 0.2% | $190,000 | $1,118 | $1,113 | $1,061 | 6.7% | $5 | 14.2 | 1.1 | $940 | $116 | $0 | $57 |
| 16968 County Road 252, McAlpin, FL 32062 | Mcalpin, FL | Single Family | -11.5% | $775,000 | $3,025 | $4,512 | $2,792 | 4.3% | -$1,487 | 21.3 | 0.7 | $3,769 | $510 | $0 | $233 |
| 365 NW County Road 292, Mayo, FL 32066 | Mayo, FL | Single Family | -18.9% | $875,000 | $2,500 | $5,263 | $2,208 | 3.0% | -$2,763 | 29.2 | 0.5 | $4,424 | $547 | $0 | $292 |
Cash on Cash Return: 14.1%
Price: $199,000
Rent: $1,631
Total Payment: $1,165
Cap Rate: 9.5%
Cash Flow: $466
GRM: 10.2
DSCR: 1.6
Last Updated: 01/01/1900
First Seen: 11/30/2024
This single-family home on Loyd St stands out due to its impressive cash on cash return of 14.1%. With a competitive price of $199,000 and a rental income of $1,631, this property generates a positive cash flow of $466 monthly. The strong cap rate of 9.5% indicates a solid investment opportunity, making it ideal for investors seeking high cash flow properties in Mayo.
Cash on Cash Return: 13.2%
Price: $199,000
Rent: $1,603
Total Payment: $1,165
Cap Rate: 9.3%
Cash Flow: $438
GRM: 10.3
DSCR: 1.6
Last Updated: 01/01/1900
First Seen: 11/30/2024
Located on Fletcher Ave, this single-family home offers a cash on cash return of 13.2%. Priced at $199,000, it provides a rental income of $1,603, resulting in a cash flow of $438. With a cap rate of 9.3%, this property is another excellent option for investors looking for high cap rate properties in Mayo.
Cash on Cash Return: 6.2%
Price: $524,000
Rent: $3,766
Total Payment: $3,222
Cap Rate: 8.2%
Cash Flow: $544
GRM: 11.6
DSCR: 1.3
Last Updated: 01/01/1900
First Seen: 11/30/2024
This property on Northwood Dr, while priced higher at $524,000, offers a substantial rental income of $3,766. The cash flow of $544 and a cap rate of 8.2% make it a viable option for investors seeking rental properties for sale in Mayo.
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 align with investor goals in Mayo.
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 Loyd St and Fletcher Ave 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 Loyd St, an investor could see an increase in cash flow, further improving the overall return on investment.
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 Mayo a versatile market for various investment strategies.
The investment properties highlighted above showcase Mayo's potential for high returns and solid cash flow. With its growing economy and favorable market conditions, Mayo is an excellent choice for real estate investors. 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 Mayo!