Real Estate

Pros & Cons of 14 Redwood Run, Ocala, FL 34472

This charming 3-bedroom, 2-bath home presents a compelling opportunity for real estate investors. With its attractive curb appeal and modern updates, including new flooring and fresh paint, this property is ready for immediate occupancy or rental. The financial metrics are promising, showcasing a solid cash on cash return of 4.8% and a cap rate of 7.7%, making it an appealing investment. However, potential investors should also consider the ongoing costs, such as the monthly electric bill and property taxes, which could impact overall cash flow. The absence of HOA fees is a significant advantage, allowing for greater profit margins. Overall, this property offers a balanced mix of benefits and considerations for savvy investors.

What are the Pros of 14 Redwood Run, Ocala, FL 34472?

  • Strong cash on cash return of 4.8%
  • Cap rate of 7.7% indicating good profitability
  • No HOA or CDD fees, enhancing cash flow
  • Modern updates and features, reducing immediate repair costs
  • Convenient location near amenities, increasing rental appeal

What are the Cons of 14 Redwood Run, Ocala, FL 34472?

  • Monthly electric bill of $185 could affect cash flow
  • Property taxes of $153 add to monthly expenses
  • Potential maintenance costs for older systems
  • Market fluctuations could impact rental demand
  • Assumable loan on solar panels may complicate financing

What are potential Red Flags or Risks with 14 Redwood Run, Ocala, FL 34472?

  • Dependence on rental market stability
  • Age of the property may lead to unforeseen repairs
  • Interest rate changes could affect financing options

Property Details for 14 Redwood Run, Ocala, FL 34472

Property Detail Name Property Detail Value
Address 14 Redwood Run, Ocala, FL 34472
Property Type Single Family
Price $269,900
Price Change -$20,000
Tax Assessed Value $290,364
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 3.0
Bathrooms 2.0
Living Area 2,020.0
Lot Area 0.25
Lot Area Unit ACRES
Year Built 2006

Final Thoughts on Your Investment Decision

Investing in this property presents a unique opportunity with a solid financial foundation. The attractive cash flow and cap rate suggest that it could be a lucrative addition to your portfolio. However, it's essential to weigh the ongoing costs against the potential returns. The absence of HOA fees and the modern updates are significant positives, but the monthly electric bill and property taxes should not be overlooked. As with any investment, thorough due diligence is crucial. If you're ready to seize this opportunity, now is the time to act and make this property your next investment success!

Financial Summary for 14 Redwood Run, Ocala, FL 34472

Financial Metric Name Financial Metric Value
Cash on Cash Return 4.8%
Monthly Rent $1,813
Net Operating Income $1,732
Cap Rate 7.7%
Monthly Cash Flow $218
Gross Rent Multiplier 12.4
Debt Service Coverage Ratio 1.3
Principal and Interest $1,361
Tax $153
HOA Fees $0
Insurance $81
Total Payment $1,595