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.
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 |
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 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 |