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$365,000

For Sale - Active
106 Starview Ave, Lehigh Acres, FL 33936
2 Beds
2 Baths
1,281 Square Feet
0.00 Acres Lot
Built in 1975
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: Jul 16, 2025 at 08:40AM

Investment Summary


Monthly Cash Flow
-$372
Cap Rate
4.9%
Cash-on-Cash Return
-5.3%
Debt Coverage Ratio
0.80
Internal Rate of Return (5 years)
-1.2%

Property Description


0.00 Acres Lot
Built in 1975
For Sale - Active
Units n/a

HUGE PRICE REDUCTION! SHOWSTOPPER POOL HOME IN WILLOW LAKE SOUTH! Welcome to 106 Starview Ave, a beautifully maintained two-bedroom, two-bath residence that truly stands out as the best in the neighborhood. From the tile roof to the professionally landscaped courtyard entrance, this immaculate home is a showcase of pride in ownership—clean, bright, open, and move-in ready! Step inside and fall in love with the spacious, open-concept layout featuring a flow-through living and dining area, a sun-filled Florida room with central A/C, and stunning beamed ceilings. The newly renovated kitchen is a chef’s dream—boasting granite countertops, porcelain tile backsplash, convection oven, glass cooktop, sleek cabinetry, decorative pendant lighting, and all appliances conveying, including a side-by-side refrigerator with water and ice and newer dishwasher. Retreat to the luxurious primary suite, thoughtfully designed with a walk-in closet, granite-topped his-and-hers vanities, a walk-in shower, and a Whirlpool jetted tub—perfect for unwinding after a long day. Outdoors, your private paradise awaits. Enjoy the screened lanai, sparkling in-ground pool with solar heating, newer pool pump, and lush, fenced backyard with automatic sprinkler system, fruit trees, and a 10' x 16' shed with loft for extra storage. 200-gallon propane tank included—ideal for backup power in storm season. Additional highlights include: Solar panels (paid off, electric bill is under $25/month!), fenced backyard, screened cage pool, porcelain tile flooring throughout all house, over $3,000 landscaping job, water heater 2024, HVAC is 2018, 2024 interior/exterior painted, 2024 garage converted into living space with bathroom and kitchen. Automatic sprinkler system all around house. Kitchen was just recently renovated with cabinets, granite countertops and all island, new Samsung/LG appliances. Master bedroom renovated with walk inshore and 2 separate sinks with granite countertops. Guest bathroom has Whirpool jacuzzi tub. Extended driveway for extra parking. Located in the heart of Lehigh Acres desirable Willow Lake South, this home offers peaceful rural living with convenient access to local shopping, dining, and major roadways. This home is a true showplace — and it won’t last long! Call today to schedule your private showing!

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Location


Property Details


Parking

  • Description: Driveway
  • Details: Attached, Garage, None, Garage Door Opener
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: IRR/Cathedral
  • Roof Material: Tile
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 044527L204015.0190
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other, Ranch, One Story
  • Year Built: 1975

Tax Information

  • Annual Tax: $2,719

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Location

  • County: Lee

Listing Details


Listed by:
Maya Ismailova
Coldwell Banker Realty
(239) 200-7963

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225029958
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$372
Cap Rate
4.9%
Cash-on-Cash Return
-5.3%
Debt Coverage Ratio
0.80
Internal Rate of Return (5 years)
-1.2%

Purchase Details

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Purchase price:
$365,000
Amount financed:
-$292,000
Down payment:
$73,000
Closing costs:
$10,950
Rehab costs:
$0
Initial cash invested:
$83,950
Square feet:
1,281
Cost per square foot:
$285
Monthly rent per square foot:
$1.95

Financing Details

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Loan amount:
$292,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,870
Property tax:
$227
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,272

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$227-$2,720
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$852-$10,220

Cash Flow


Monthly Yearly
Net operating income:
$1,498 $17,976
Mortgage payments:
-$1,870 -$22,440
Cash flow:
$372 $4,464