For real estate investors, understanding cash on cash return (COC) is crucial to maximizing profits and minimizing risks. In Starke, the potential for lucrative investments is evident, with properties like a manufactured home offering an impressive 60.8% COC on a purchase price of just $89,000, generating a monthly rent of $1,427. Additionally, a single-family home is providing a solid 40.9% COC, priced at $170,000, with a rental income of $2,164. These figures highlight the attractive opportunities available in the market.
This article will delve into the most promising real estate deals in Starke, showcasing properties with high cash on cash returns and other compelling data points. By analyzing these deals, investors can identify lucrative opportunities that align with their financial goals.
Understanding key metrics such as cash flow, cap rate, and debt service coverage ratio (DSCR) is essential for making informed investment decisions. With the right data at your fingertips, you can navigate the Starke real estate landscape with confidence and uncover the best investment opportunities.
Did you know that Starke is home to the historic Bradford County Courthouse, which is listed on the National Register of Historic Places? This adds a unique charm to the area, making it an attractive location for both residents and investors alike.
| 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. | Starke, FL | Manufactured | 60.8% | $89,000 | $1,427 | $525 | $1,400 | 18.9% | $902 | 5.2 | 3.1 | $451 | $47 | $0 | $27 |
| Sign up for a free account to view this property's address and details. | Starke, FL | Single Family | 40.9% | $170,000 | $2,164 | $1,005 | $2,113 | 14.9% | $1,159 | 6.5 | 2.4 | $865 | $89 | $0 | $51 |
| Sign up for a free account to view this property's address and details. | Lawtey, FL | Single Family | 33.9% | $170,000 | $1,966 | $1,005 | $1,915 | 13.5% | $961 | 7.2 | 2.2 | $865 | $89 | $0 | $51 |
| Sign up for a free account to view this property's address and details. | Starke, FL | Single Family | 29.9% | $95,000 | $1,034 | $560 | $1,005 | 12.7% | $474 | 7.7 | 2.1 | $481 | $50 | $0 | $29 |
| Sign up for a free account to view this property's address and details. | Hampton, FL | Manufactured | 26.7% | $195,000 | $2,022 | $1,153 | $1,963 | 12.1% | $869 | 8.0 | 2.0 | $992 | $102 | $0 | $59 |
| Sign up for a free account to view this property's address and details. | Lawtey, FL | Single Family | 25.2% | $249,900 | $2,529 | $1,478 | $2,454 | 11.8% | $1,051 | 8.2 | 1.9 | $1,272 | $131 | $0 | $75 |
| Sign up for a free account to view this property's address and details. | Starke, FL | Single Family | 21.2% | $220,000 | $2,080 | $1,301 | $2,014 | 11.0% | $779 | 8.8 | 1.8 | $1,119 | $116 | $0 | $66 |
| Sign up for a free account to view this property's address and details. | Starke, FL | Single Family | 19.6% | $190,000 | $1,745 | $1,124 | $1,688 | 10.7% | $621 | 9.1 | 1.7 | $967 | $100 | $0 | $57 |
| Sign up for a free account to view this property's address and details. | Starke, FL | Single Family | 18.8% | $305,000 | $2,745 | $1,791 | $2,653 | 10.4% | $954 | 9.3 | 1.7 | $1,539 | $160 | $0 | $92 |
| Sign up for a free account to view this property's address and details. | Starke, FL | Manufactured | 18.6% | $214,000 | $1,928 | $1,265 | $1,864 | 10.5% | $663 | 9.2 | 1.7 | $1,089 | $112 | $0 | $64 |
| Sign up for a free account to view this property's address and details. | Starke, FL | Manufactured | 14.1% | $249,900 | $2,066 | $1,478 | $1,991 | 9.6% | $588 | 10.1 | 1.6 | $1,272 | $131 | $0 | $75 |
| Sign up for a free account to view this property's address and details. | Starke, FL | Manufactured | 13.5% | $219,900 | $1,796 | $1,300 | $1,730 | 9.4% | $496 | 10.2 | 1.5 | $1,119 | $115 | $0 | $66 |
| Sign up for a free account to view this property's address and details. | Starke, FL | Single Family | 12.1% | $164,000 | $1,299 | $969 | $1,250 | 9.1% | $330 | 10.5 | 1.5 | $834 | $86 | $0 | $49 |
| Sign up for a free account to view this property's address and details. | Starke, FL | Single Family | 11.6% | $269,000 | $2,100 | $1,579 | $2,019 | 9.0% | $521 | 10.7 | 1.5 | $1,357 | $141 | $0 | $81 |
| 13493 NW COUNTY ROAD 225, Starke, FL 32091 | Starke, FL | Single Family | 10.8% | $284,990 | $2,185 | $1,673 | $2,100 | 8.8% | $512 | 10.9 | 1.5 | $1,438 | $150 | $0 | $85 |
| 601 W WELDON Street, Starke, FL 32091 | Starke, FL | Single Family | 8.8% | $264,900 | $1,939 | $1,549 | $1,860 | 8.4% | $390 | 11.4 | 1.4 | $1,331 | $139 | $0 | $79 |
| 200 E ADKINS Street, Starke, FL 32091 | Starke, FL | Single Family | 8.5% | $249,900 | $1,831 | $1,478 | $1,756 | 8.4% | $353 | 11.4 | 1.4 | $1,272 | $131 | $0 | $75 |
| 504 LEGION Terrace, Starke, FL 32091 | Starke, FL | Single Family | 7.3% | $234,000 | $1,667 | $1,384 | $1,597 | 8.2% | $283 | 11.7 | 1.3 | $1,191 | $123 | $0 | $70 |
| 6730 DUNN Drive, Keystone Heights, FL 32656 | Keystone Heights, FL | Single Family | 4.6% | $275,000 | $1,824 | $1,613 | $1,741 | 7.6% | $211 | 12.6 | 1.3 | $1,388 | $142 | $0 | $83 |
| 1316 W MADISON Street, Starke, FL 32091 | Starke, FL | Single Family | 4.4% | $434,000 | $2,865 | $2,546 | $2,735 | 7.6% | $319 | 12.6 | 1.3 | $2,188 | $228 | $0 | $130 |
| 12654 SR 100, Lake Butler, FL 32054 | Lake Butler, FL | Manufactured | 0.7% | $275,000 | $1,648 | $1,615 | $1,565 | 6.8% | $33 | 13.9 | 1.1 | $1,388 | $144 | $0 | $83 |
| 708 E SOUTH Street, Starke, FL 32091 | Starke, FL | Single Family | 0.4% | $369,900 | $2,195 | $2,172 | $2,084 | 6.8% | $23 | 14.0 | 1.1 | $1,867 | $194 | $0 | $111 |
| 9896 SR 100 W, Starke, FL 32091 | Starke, FL | Single Family | -1.2% | $389,000 | $2,202 | $2,282 | $2,085 | 6.4% | -$80 | 14.7 | 1.1 | $1,961 | $204 | $0 | $117 |
| 6752 SPRING LAKE Road, Keystone Heights, FL 32656 | Keystone Heights, FL | Manufactured | -2.3% | $250,000 | $1,372 | $1,466 | $1,297 | 6.2% | -$94 | 15.2 | 1.0 | $1,262 | $129 | $0 | $75 |
| 10992 SW 106TH Avenue, Hampton, FL 32044 | Hampton, FL | Manufactured | -2.6% | $299,900 | $1,632 | $1,760 | $1,542 | 6.2% | -$128 | 15.3 | 1.0 | $1,513 | $157 | $0 | $90 |
| 6612 CAMELOT Court, Keystone Heights, FL 32656 | Keystone Heights, FL | Single Family | -5.8% | $515,000 | $2,523 | $3,017 | $2,368 | 5.5% | -$494 | 17.0 | 0.9 | $2,596 | $266 | $0 | $155 |
| 6706 SHANDS Road, Keystone Heights, FL 32656 | Keystone Heights, FL | Single Family | -6.5% | $315,000 | $1,508 | $1,847 | $1,413 | 5.4% | -$339 | 17.4 | 0.9 | $1,589 | $163 | $0 | $95 |
| 6528 Woodland Dr, Keystone Heights, FL 32656 | Keystone Heights, FL | Single Family | -8.0% | $419,000 | $1,897 | $2,456 | $1,771 | 5.1% | -$559 | 18.4 | 0.8 | $2,114 | $216 | $0 | $126 |
| 5870 NW 211th St, Starke, FL 32091 | Starke, FL | Single Family | -8.8% | $624,800 | $2,722 | $3,638 | $2,535 | 4.9% | -$916 | 19.1 | 0.8 | $3,123 | $328 | $0 | $187 |
| 17307 NE County Road 1471, Waldo, FL 32694 | Waldo, FL | Single Family | -11.9% | $525,000 | $2,180 | $3,218 | $2,022 | 4.6% | -$1,038 | 20.1 | 0.8 | $2,649 | $411 | $0 | $158 |
| 6903 CRYSTAL LAKE Road, Keystone Heights, FL 32656 | Keystone Heights, FL | Single Family | -19.6% | $875,000 | $2,194 | $5,057 | $1,931 | 2.6% | -$2,863 | 33.2 | 0.4 | $4,342 | $452 | $0 | $263 |
| 8910 E County Road 225, Gainesville, FL 32609 | Gainesville, FL | Single Family | -23.8% | $1,000,000 | $2,188 | $6,150 | $1,888 | 2.3% | -$3,962 | 38.1 | 0.4 | $5,067 | $783 | $0 | $300 |
Cash on Cash Return: 60.8%
Price: $89,000
Rent: $1,427
Total Payment: $525
Cap Rate: 18.9%
Cash Flow: $902
GRM: 5.2
DSCR: 3.1
Location: NW 80TH Avenue, Starke, FL
Last Updated: 12/14/2024
First Seen: 12/14/2024
This manufactured home stands out due to its impressive cash on cash return of 60.8%. Located in a desirable area of Starke, it offers a strong cap rate of 18.9%, making it an attractive option for investors seeking high cash flow properties. With a monthly rent of $1,427 and a cash flow of $902, this property is a solid investment choice.
Cash on Cash Return: 40.9%
Price: $170,000
Rent: $2,164
Total Payment: $1,005
Cap Rate: 14.9%
Cash Flow: $1,159
GRM: 6.5
DSCR: 2.4
Location: SE 25TH Avenue, Starke, FL
Last Updated: 12/14/2024
First Seen: 12/14/2024
This single-family home offers a cash on cash return of 40.9%, making it a strong contender in the Starke real estate market. With a cap rate of 14.9% and a monthly rent of $2,164, this property generates a cash flow of $1,159, appealing to investors looking for reliable rental income.
Cash on Cash Return: 33.9%
Price: $170,000
Rent: $1,966
Total Payment: $1,005
Cap Rate: 13.5%
Cash Flow: $961
GRM: 7.2
DSCR: 2.2
Location: NE County Road 200b, Lawtey, FL
Last Updated: 12/14/2024
First Seen: 12/14/2024
This single-family home in Lawtey, just outside Starke, boasts a cash on cash return of 33.9%. With a cap rate of 13.5% and a monthly rent of $1,966, it provides a cash flow of $961, making it a viable option for investors seeking rental properties for sale in the area.
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 Starke 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 first property has a GRM of 5.2 and a DSCR of 3.1, indicating a strong ability to generate income and cover expenses.
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, 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.
Starke's real estate market is ripe with opportunities, as evidenced by the standout properties highlighted above. With high cash flow and strong cap rates, these investments are ideal for those looking to capitalize on the growing demand in the area. Don't miss out on these high-return properties—contact us today for more information or to sign up for real-time updates on investment opportunities in Starke!