For real estate investors, understanding cash on cash return (COC) is crucial for maximizing profits and minimizing risks. In Penney Farms, the potential for lucrative investments is evident, with single-family properties showcasing impressive COC rates. For instance, one property boasts a staggering 53.7% COC, purchased for just $97,850, while another offers a solid 24.2% COC at a price of $155,000. These figures highlight the opportunities available in this vibrant market.
This article will delve into the most promising real estate deals in Penney Farms, focusing on 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 data matters most—such as cash flow, cap rate, and total payment—can empower investors to make informed decisions. With the right insights, you can navigate the Penney Farms real estate landscape and uncover 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 an opportune time for investors to capitalize on the 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. | Middleburg, FL | Single Family | 53.7% | $97,850 | $1,468 | $592 | $1,439 | 17.6% | $876 | 5.6 | 2.8 | $512 | $51 | $0 | $29 |
| Sign up for a free account to view this property's address and details. | Middleburg, FL | Single Family | 24.2% | $155,000 | $1,520 | $894 | $1,473 | 11.4% | $626 | 8.5 | 1.9 | $767 | $80 | $0 | $47 |
| Sign up for a free account to view this property's address and details. | Fleming Island, FL | Single Family | 22.3% | $210,000 | $2,124 | $1,342 | $2,031 | 11.6% | $782 | 8.2 | 1.8 | $1,118 | $131 | $23 | $70 |
| Sign up for a free account to view this property's address and details. | Green Cove Springs, FL | Single Family | 20.8% | $230,000 | $2,123 | $1,326 | $2,054 | 10.7% | $797 | 9.0 | 1.8 | $1,138 | $119 | $0 | $69 |
| Sign up for a free account to view this property's address and details. | Middleburg, FL | Manufactured | 15.7% | $200,000 | $1,675 | $1,152 | $1,615 | 9.7% | $523 | 10.0 | 1.6 | $989 | $103 | $0 | $60 |
| Sign up for a free account to view this property's address and details. | Green Cove Springs, FL | Single Family | 12.1% | $134,900 | $1,156 | $884 | $1,111 | 9.9% | $272 | 9.7 | 1.5 | $755 | $84 | $0 | $45 |
| 3370 TALISMAN Drive, Middleburg, FL 32068 | Middleburg, FL | Single Family | 10.4% | $249,000 | $2,012 | $1,579 | $1,914 | 9.2% | $433 | 10.3 | 1.4 | $1,325 | $156 | $15 | $83 |
| 337 FLEMING FOREST Lane, Fleming Island, FL 32003 | Fleming Island, FL | Single Family | 10.0% | $325,000 | $2,410 | $1,867 | $2,312 | 8.5% | $543 | 11.2 | 1.4 | $1,601 | $168 | $0 | $98 |
| 2365 BONNIE LAKES Drive, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | 7.2% | $299,499 | $2,091 | $1,733 | $1,994 | 8.0% | $358 | 11.9 | 1.3 | $1,481 | $155 | $7 | $90 |
| 61 SORREL Street, Middleburg, FL 32068 | Middleburg, FL | Single Family | 6.4% | $215,000 | $1,471 | $1,240 | $1,406 | 7.8% | $231 | 12.2 | 1.3 | $1,064 | $111 | $0 | $65 |
| 544 MAJESTIC WOOD Drive, Fleming Island, FL 32003 | Fleming Island, FL | Single Family | 6.2% | $390,000 | $2,652 | $2,248 | $2,535 | 7.8% | $404 | 12.3 | 1.3 | $1,929 | $202 | $0 | $117 |
| 3191 HIDDEN MEADOWS Court, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | 6.2% | $330,000 | $2,245 | $1,905 | $2,136 | 7.8% | $340 | 12.2 | 1.3 | $1,625 | $171 | $10 | $99 |
| 3416 CONCORD Court, Green Cove Springs, FL 32043 | Cove Springs, FL | Single Family | 5.7% | $299,000 | $2,061 | $1,779 | $1,915 | 7.7% | $282 | 12.1 | 1.3 | $1,479 | $154 | $56 | $90 |
| 4813 CREEK BLUFF Lane, Middleburg, FL 32068 | Middleburg, FL | Single Family | 5.4% | $375,000 | $2,497 | $2,162 | $2,376 | 7.6% | $335 | 12.5 | 1.3 | $1,847 | $194 | $8 | $113 |
| 701 CALICO JACK Way, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | 4.6% | $265,900 | $1,733 | $1,527 | $1,653 | 7.5% | $206 | 12.8 | 1.3 | $1,310 | $137 | $0 | $80 |
| 2286 HIDDEN WATERS Drive E, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Manufactured | 4.3% | $265,000 | $1,717 | $1,529 | $1,637 | 7.4% | $188 | 12.9 | 1.2 | $1,312 | $137 | $0 | $80 |
| 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 |
| 3112 BROOK HAVEN Court, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | 0.7% | $325,000 | $1,933 | $1,895 | $1,814 | 6.7% | $38 | 14.0 | 1.1 | $1,608 | $168 | $21 | $98 |
| 1326 HIGHFIELD Lane, Middleburg, FL 32068 | Middleburg, FL | Single Family | 0.6% | $439,500 | $2,600 | $2,559 | $2,442 | 6.7% | $41 | 14.1 | 1.1 | $2,174 | $227 | $26 | $132 |
| 1463 HUTCHINSON Road, Middleburg, FL 32068 | Middleburg, FL | Single Family | 0.5% | $330,000 | $1,927 | $1,902 | $1,828 | 6.6% | $25 | 14.3 | 1.1 | $1,632 | $171 | $0 | $99 |
| 3531 CITATION Drive, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | -0.3% | $320,000 | $1,844 | $1,859 | $1,733 | 6.5% | -$15 | 14.5 | 1.1 | $1,583 | $165 | $15 | $96 |
| 2431 CREEKFRONT Drive, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | -1.8% | $350,000 | $1,956 | $2,060 | $1,801 | 6.2% | -$104 | 14.9 | 1.0 | $1,724 | $181 | $50 | $105 |
| 2767 RAVINE HILL Drive, Middleburg, FL 32068 | Middleburg, FL | Single Family | -1.9% | $362,000 | $1,994 | $2,108 | $1,856 | 6.2% | -$114 | 15.1 | 1.0 | $1,783 | $187 | $29 | $109 |
| 3034 COLD LEAF Way, Green Cove Springs, FL 32043 | Cove Springs, FL | Single Family | -2.1% | $425,000 | $2,301 | $2,452 | $2,171 | 6.1% | -$151 | 15.4 | 1.0 | $2,102 | $220 | $2 | $128 |
| 2895 CROSS CREEK Drive, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | -3.8% | $374,900 | $1,975 | $2,210 | $1,813 | 5.8% | -$235 | 15.8 | 1.0 | $1,854 | $194 | $50 | $112 |
| 3549 SOUTHERN PINES Drive, Middleburg, FL 32068 | Middleburg, FL | Single Family | -3.9% | $430,000 | $2,197 | $2,480 | $2,068 | 5.8% | -$283 | 16.3 | 1.0 | $2,129 | $222 | $0 | $129 |
| 1443 WALNUT CREEK Drive, Fleming Island, FL 32003 | Fleming Island, FL | Single Family | -5.5% | $545,000 | $2,651 | $3,147 | $2,482 | 5.5% | -$496 | 17.1 | 0.9 | $2,696 | $282 | $5 | $164 |
| 3441 MAINARD BRANCH Court, Fleming Island, FL 32003 | Fleming Island, FL | Single Family | -5.6% | $940,000 | $4,785 | $5,670 | $4,456 | 5.7% | -$885 | 16.4 | 0.9 | $4,753 | $588 | $16 | $313 |
| 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 |
| 2934 SQUIRREL Court, Middleburg, FL 32068 | Middleburg, FL | Single Family | -6.5% | $350,000 | $1,798 | $2,176 | $1,681 | 5.8% | -$378 | 16.2 | 0.9 | $1,840 | $219 | $0 | $117 |
| 4143 EVERETT Avenue, Middleburg, FL 32068 | Middleburg, FL | Single Family | -7.0% | $479,000 | $2,194 | $2,750 | $2,050 | 5.1% | -$556 | 18.2 | 0.9 | $2,359 | $247 | $0 | $144 |
| 2681 HALPERNS Way, Middleburg, FL 32068 | Middleburg, FL | Single Family | -7.2% | $590,000 | $2,642 | $3,351 | $2,465 | 5.0% | -$709 | 18.6 | 0.9 | $2,869 | $305 | $0 | $177 |
| 5715 US HIGHWAY 17, Green Cove Springs, FL 32043 | Green Cove Springs, FL | Single Family | -8.3% | $539,500 | $2,367 | $3,110 | $2,205 | 4.9% | -$743 | 19.0 | 0.8 | $2,669 | $279 | $0 | $162 |
| 4066 SUNRISE FARMS Road, Middleburg, FL 32068 | Middleburg, FL | Single Family | -11.1% | $699,900 | $2,681 | $3,976 | $2,471 | 4.2% | -$1,295 | 21.8 | 0.7 | $3,404 | $362 | $0 | $210 |
| 1806 ROYAL FERN Lane, Fleming Island, FL 32003 | Fleming Island, FL | Single Family | -12.1% | $615,000 | $2,414 | $3,659 | $2,064 | 4.0% | -$1,245 | 21.2 | 0.7 | $2,991 | $318 | $165 | $185 |
Cash on Cash Return: 53.7%
Price: $97,850
Rent: $1,468
Total Payment: $592
Cap Rate: 17.6%
Cash Flow: $876
GRM: 5.6
DSCR: 2.8
Location: Old Jennings Road, Middleburg
Last Updated: 01/01/1900
First Seen: 11/30/2024
This single-family home on Old Jennings Road offers an exceptional cash on cash return of 53.7%, making it one of the best cash flow properties in Penney Farms. With a competitive price of $97,850 and a rental income of $1,468, this property stands out due to its high cap rate of 17.6%. Investors can expect a cash flow of $876, ensuring a solid return on investment.
Cash on Cash Return: 24.2%
Price: $155,000
Rent: $1,520
Total Payment: $894
Cap Rate: 11.4%
Cash Flow: $626
GRM: 8.5
DSCR: 1.9
Location: Timothy Street, Middleburg
Last Updated: 01/01/1900
First Seen: 11/30/2024
This property on Timothy Street is another excellent investment opportunity, featuring a cash on cash return of 24.2%. Priced at $155,000, it generates a rental income of $1,520, with a cap rate of 11.4%. The cash flow of $626 makes it a viable option for investors looking for rental properties for sale in Penney Farms.
Cash on Cash Return: 22.3%
Price: $210,000
Rent: $2,124
Total Payment: $1,342
Cap Rate: 11.6%
Cash Flow: $782
GRM: 8.2
DSCR: 1.8
Location: Weston Circle, Fleming Island
Last Updated: 01/01/1900
First Seen: 11/30/2024
Located on Weston Circle, this single-family home offers a cash on cash return of 22.3%. With a price of $210,000 and a rental income of $2,124, it boasts a cap rate of 11.6%. The cash flow of $782 makes it an attractive option for investors seeking cash flow properties in Penney Farms.
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 profitability. These metrics suggest that the listed properties in Penney Farms are not only viable investments but also offer the potential for substantial returns.
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 GRM values ranging from 5.6 to 8.5 and DSCR values from 1.8 to 2.8, indicating a strong capacity to generate income and manage debt.
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 by $100 annually on the Old Jennings Road property, the cash flow could increase by $100, further improving the investment's attractiveness.
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 listed demonstrate that both types can yield strong returns, making them suitable for various investment strategies.
With a range of investment properties offering high cash flow and strong cap rates, Penney Farms stands out as an excellent choice for real estate investors. The properties highlighted here showcase the potential for substantial returns, making it imperative for investors to act quickly. Contact us today for more information on these high-return investment properties or to sign up for real-time updates on the best cash on cash return opportunities in Penney Farms.