Pros & Cons of 524 E Church St, Deland, FL 32724

This beautifully restored historic gem offers a unique blend of classic character and modern amenities, making it an attractive investment opportunity. With a solid cash on cash return of 5.4% and a cap rate of 7.9%, this property promises a steady income stream. The spacious layout and prime location near downtown Deland enhance its appeal, providing potential for both rental income and long-term appreciation. However, investors should also consider the monthly cash flow of $269, which, while positive, may not be substantial enough for those seeking higher returns. Additionally, the gross rent multiplier of 12.2 indicates a moderate investment level, which could be a concern for some. Overall, this property presents a balanced investment opportunity with both promising financial metrics and some considerations to keep in mind.

Weighing the Investment Potential

Investing in this historic property presents a compelling opportunity for those looking to enter the Deland real estate market. The positive financial metrics, including a cap rate of 7.9% and a cash on cash return of 5.4%, suggest a solid potential for income generation. However, the monthly cash flow of $269 may not meet the expectations of all investors, particularly those seeking higher returns. Additionally, while the absence of HOA fees is a plus, the historic nature of the property could lead to unforeseen maintenance costs. Overall, this property offers a balanced investment profile, making it a worthy consideration for both new and seasoned investors.