For real estate investors, understanding cash on cash return (COC) is crucial to maximizing profits and minimizing risks. In White Springs, the potential for lucrative investments is evident, with single-family homes boasting an impressive COC of 50.7% and a price point of just $79,000. Meanwhile, manufactured homes are also making waves, offering a COC of 34.8% at a price of $169,900. This article will delve into the most promising deals in White Springs, showcasing properties that not only deliver high cash on cash returns but also feature attractive characteristics such as strong rental income and favorable cap rates.
By analyzing these data points, investors can identify opportunities that align with their financial goals and make informed decisions that lead to successful investments. Did you know that Florida's real estate market has consistently ranked among the top states for investment returns? With the right insights, you can tap into this thriving market and secure your financial future.
| 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. | White Springs, FL | Single Family | 50.7% | $79,000 | $1,132 | $464 | $1,108 | 16.8% | $668 | 5.8 | 2.8 | $400 | $40 | $0 | $24 |
| Sign up for a free account to view this property's address and details. | White Springs, FL | Manufactured | 34.8% | $169,900 | $1,996 | $1,011 | $1,945 | 13.7% | $985 | 7.1 | 2.3 | $864 | $96 | $0 | $51 |
| Sign up for a free account to view this property's address and details. | Wellborn, FL | Manufactured | 23.8% | $218,000 | $2,181 | $1,318 | $2,116 | 11.6% | $863 | 8.3 | 1.9 | $1,109 | $144 | $0 | $65 |
| 227 NW Austin Way, Lake City, FL 32055 | Lake City, FL | Manufactured | 10.8% | $169,900 | $1,308 | $1,001 | $1,257 | 8.9% | $307 | 10.8 | 1.5 | $864 | $86 | $0 | $51 |
| 166 NW Austin Way, Lake City, FL 32055 | Lake City, FL | Single Family | 2.9% | $285,500 | $1,808 | $1,670 | $1,722 | 7.2% | $138 | 13.2 | 1.2 | $1,439 | $145 | $0 | $86 |
| 184 NE Spencer Ct, Lake City, FL 32055 | Lake City, FL | Manufactured | -1.1% | $210,000 | $1,202 | $1,239 | $1,139 | 6.5% | -$37 | 14.6 | 1.1 | $1,069 | $107 | $0 | $63 |
| 18665 137th Cres SE, White Springs, FL 32096 | White Springs, FL | Single Family | -3.3% | $320,000 | $1,713 | $1,890 | $1,617 | 6.1% | -$177 | 15.6 | 1.0 | $1,613 | $181 | $0 | $96 |
| 8210 31st Rd, Wellborn, FL 32094 | Wellborn, FL | Manufactured | -3.6% | $235,000 | $1,282 | $1,422 | $1,211 | 6.2% | -$140 | 15.3 | 1.0 | $1,196 | $155 | $0 | $71 |
| 18653 137th Cres SE, White Springs, FL 32096 | White Springs, FL | Single Family | -8.3% | $549,000 | $2,481 | $3,243 | $2,316 | 5.1% | -$762 | 18.4 | 0.8 | $2,767 | $311 | $0 | $165 |
| 15000 County Road 6 E, Jasper, FL 32052 | Jasper, FL | Single Family | -17.6% | $850,000 | $2,463 | $4,955 | $2,208 | 3.1% | -$2,492 | 28.8 | 0.5 | $4,218 | $482 | $0 | $255 |
| 8575 N Us Hwy, Lake City, FL 32055 | Lake City, FL | Single Family | -27.9% | $2,459,000 | $3,014 | $14,448 | $2,276 | 1.1% | -$11,434 | 68.0 | 0.2 | $12,460 | $1,250 | $0 | $738 |
| 2215 NW THUNDER Road, White Springs, FL 32096 | White Springs, FL | Single Family | -31.4% | $2,295,000 | $1,473 | $13,485 | $784 | 0.4% | -$12,012 | 129.8 | 0.1 | $11,629 | $1,167 | $0 | $689 |
Location: 199 NW Davis Ct, White Springs, FL 32096
Cash on Cash Return: 50.7%
Price: $79,000
Rent: $1,132
Total Payment: $464
Cap Rate: 16.8%
Cash Flow: $668
GRM: 5.8
DSCR: 2.8
Last Updated: 12/14/2024
First Seen: 12/14/2024
This single-family home is an excellent investment opportunity due to its impressive cash on cash return and high cap rate. Located in a desirable area of White Springs, it offers a strong rental income that significantly exceeds the total payment, resulting in positive cash flow. The property’s metrics indicate a solid investment for those seeking high returns.
Location: 10468 Kendrick St, White Springs, FL 32096
Cash on Cash Return: 34.8%
Price: $169,900
Rent: $1,996
Total Payment: $1,011
Cap Rate: 13.7%
Cash Flow: $985
GRM: 7.1
DSCR: 2.3
Last Updated: 12/14/2024
First Seen: 12/14/2024
This manufactured home presents a strong investment opportunity with a solid cash flow and a competitive cap rate. The property is well-located, making it appealing to renters, which contributes to its high rental income. Investors can expect a reliable return on investment with this property.
Location: 2748 84th Ter, Wellborn, FL 32094
Cash on Cash Return: 23.8%
Price: $218,000
Rent: $2,181
Total Payment: $1,318
Cap Rate: 11.6%
Cash Flow: $863
GRM: 8.3
DSCR: 1.9
Last Updated: 12/14/2024
First Seen: 12/14/2024
This manufactured home in Wellborn offers a respectable cash flow and a solid cap rate. Its rental income is competitive, making it a viable option for investors looking for properties with good returns. The metrics indicate that this property can be a valuable addition to any real estate portfolio.
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 metrics suggest that the properties listed above are not only profitable but also present 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 5.8 and a DSCR of 2.8, indicating a strong ability to generate income and cover debt, making it a low-risk investment.
To increase rental income, consider property upgrades, adjusting rent 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 insurance costs by $24, the cash flow would increase, showcasing the impact of cost-saving measures.
Investing in condos versus single-family homes has its pros and cons. 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 viable options for investors in White Springs.
White Springs presents a wealth of investment opportunities with properties that boast high cash flow and strong cap rates. The combination of favorable market conditions and attractive property metrics makes this area an excellent choice for real estate investors. 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 White Springs!
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