Single Family Rental in FL, Panhandle

Rental Property Investor · Panhandle, FL · Member since 2026 · 26 posts · 10 votes

Investment Info:

Single-family residence buy & hold investment in Crestview.

Purchase price: $320,000
Cash invested: $5,000

3063 Jane Lane is a new construction property I own in Crestview, FL, in a rapidly developing area with strong population growth. It’s in a newer neighborhood and currently leased to a family. Being a newer asset, maintenance has been minimal and operations have been straightforward. It’s part of my long term hold strategy, focused on steady performance and appreciation over time.

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Alex Wright

Investor · Cody WY, USA · Member since 2020 · 50 posts · 31 votes

7mo

impressive getting into a $320k property with only ~$5k in. You swinging the hammer?

Whats it look like under the hood? High leverage + new construction can look great early on, but that leverage cuts both ways.

what does this actually look like from a cash flow standpoint? And how sensitive is it if rents dip a bit or expenses creep up? Appreciation is great, but I always like to see the deal stand on its own first.

I’ve found just running a couple quick scenarios (rent down 10%, expenses up, etc) can be pretty eye opening on deals like this.

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Alex Wright
Investor · Cody WY, USA · Member since 2020 · 50 posts · 31 votes
7mo
impressive getting into a $320k property with only ~$5k in. You swinging the hammer?

Whats it look like under the hood? High leverage + new construction can look great early on, but that leverage cuts both ways.

what does this actually look like from a cash flow standpoint? And how sensitive is it if rents dip a bit or expenses creep up? Appreciation is great, but I always like to see the deal stand on its own first.

I’ve found just running a couple quick scenarios (rent down 10%, expenses up, etc) can be pretty eye opening on deals like this.
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- Antonio Velez
  OP
  Rental Property Investor · Panhandle, FL · Member since 2026 · 26 posts · 10 votes
  7mo
  Quote from @Alex Wright:
  
  impressive getting into a $320k property with only ~$5k in. You swinging the hammer?
  
  Whats it look like under the hood? High leverage + new construction can look great early on, but that leverage cuts both ways.
  
  what does this actually look like from a cash flow standpoint? And how sensitive is it if rents dip a bit or expenses creep up? Appreciation is great, but I always like to see the deal stand on its own first.
  
  I’ve found just running a couple quick scenarios (rent down 10%, expenses up, etc) can be pretty eye opening on deals like this.
  
  I was able to secure the property at a great rate of 3.9%, so my mortgage was much lower than what I could rent it out for. I purchased the house using the VA loan, which allowed me to put zero down. The $5,000 I invested was out of pocket and went towards the gutters and additional improvements to increase curb appeal.
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J CastroBusiness Member
Lender · Florida · Member since 2025 · 775 posts · 269 votes
7mo
Hey @Antonio Velez, welcome to BP!
Great deal—especially with only $5K in the deal. That’s solid leverage on a new construction asset in a growth market like Crestview.

Low maintenance + long-term tenant = exactly what you want for a buy & hold strategy. As equity builds, this could be a great candidate for a DSCR cash-out refinance to help fund your next acquisition without disrupting cash flow.

Nice, clean investment.
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Antonio Velez
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Rental Property Investor · Panhandle, FL · Member since 2026 · 26 posts · 10 votes
7mo
Thank you J Castro,
I am planning on riding the market and gaining as much equity as possible in order to capitalize on the ability to refinance in the future, pull my cash out, and reinvest. Do you have any experience with 1031 exchanges or cash out refinancing?
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- J CastroBusiness Member
  Lender · Florida · Member since 2025 · 775 posts · 269 votes
  7mo
  @Antonio Velez, great strategy—and you’re thinking about it the right way by planning your exit before you even get there.
  
  Both cash-out refinancing and a 1031 exchange can help you recycle capital, but they serve very different purposes depending on your goals.
  
  From what you said about “riding the market,” a refi-first strategy probably aligns best right now—especially if your asset still has upside and you’re not forced to sell.
  
  If you want, I can break down what your numbers would need to look like to qualify for a strong cash-out refi (DSCR, LTV, seasoning, etc.) based on the type of deal you’re targeting.
  JCREIG Capital Funding
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Dave FosterBusiness Member
Qualified Intermediary for 1031 Exchanges · St. Petersburg, FL · Member since 2013 · 9k+ posts · 9k+ votes
7mo
@Antonio Velez, this sounds like a solid long-term play. I agree with @J Castro, refinancing and taking advantage of a 1031 can really ramp up your RE portfolio as an investor.

When it is time to sell, the 1031 exchange will allow you to defer all of the capital gains tax on profit and reinvest it into any type of investment real estate. Once you complete your exchange, you can then do a cash-out refi, to put down on another property if you wanted and that's tax-free.
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Antonio Velez
OP
Rental Property Investor · Panhandle, FL · Member since 2026 · 26 posts · 10 votes
7mo
Dave, thanks for the feedback. I’ll definitely consider going that route if I decide to sell for another opportunity down the line.

Right now, the long term potential of the property still looks strong, so I don’t see myself selling anytime soon. With where interest rates are, refinancing probably isn’t a realistic option for me for a while as well.

I’m in a good spot and not hurting for capital at the moment, just scouring the market for my next investment.
Thanks again for the feedback.
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