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$355,000

For Sale - Active
1606 Navigator Rd, Punta Gorda, FL 33983
3 Beds
2 Baths
2,030 Square Feet
0.24 Acres Lot
Built in 2020
For Sale - Active
1 Units
Checked: 26 days ago
Updated: Sep 10, 2025 at 10:17AM

Investment Summary


Monthly Cash Flow
-$435
Cap Rate
4.7%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.2%

Property Description


0.24 Acres Lot
Built in 2020
For Sale - Active
1 Units

Welcome to your dream home in the highly desirable Deep Creek community of Punta Gorda where peaceful living blends effortlessly with modern convenience. This beautifully maintained 3-br, 2-ba home is move-in ready and designed with comfort, style, and functionality in mind. With a smart split-bedroom layout, the home offers an ideal balance of privacy and togetherness. The spacious Primary Suite is tucked away on one side of the house, providing a serene retreat complete with a spa-inspired bathroom featuring a luxurious soaking tub, a generous walk-in shower, and a thoughtful layout that invites you to relax and recharge. At the heart of the home lies a stunning kitchen that will delight any home chef. Outfitted with gleaming stone countertops, sleek stainless steel appliances, a massive walk-in pantry, and ample space for meal prep and storage, this kitchen is as beautiful as it is practical. It opens seamlessly to the expansive living and dining areas, all under soaring 11-foot ceilings that create an airy, welcoming atmosphere. The thoughtful design makes this space ideal for entertaining friends or simply enjoying peaceful day-to-day living. Step outside to a tranquil backyard oasis. Lined with mature trees and surrounded by lush greenery, the private yard offers both shade and potential and there’s plenty of room to add a pool and create your personal outdoor retreat. The home is also equipped with an efficient irrigation system to keep the landscaping healthy and vibrant year-round. Recent updates provide peace of mind, including a new roof and gutters installed in November 2022, following Hurricane Ian. With impact-resistant windows and a high-pressure rated garage door, this home is built for durability and safety. Best of all, it’s not located in a flood zone, and both an Elevation Certificate and LOMA are available, meaning no flood insurance is required. Set in the heart of Deep Creek, this property offers more than just a beautiful home, it delivers a lifestyle surrounded by nature and convenience. Deep Creek is a deed-restricted community known for its scenic greenbelts, sparkling lakes, and well-maintained streets. Just minutes from I-75, the location provides easy access to Sarasota & Ft Myers, while remaining close to everything that is Punta Gorda. Whether you're enjoying a round at the Deep Creek public golf course, fishing along the Peace River, or strolling through charming downtown Punta Gorda with its waterfront parks, boutiques, and restaurants, you’ll appreciate how accessible and inviting this area truly is. This home is a rare find—a perfect combination of style, security, and serenity in one of Southwest Florida’s most beloved neighborhoods. Forget the hassles of new construction and embrace a move-in ready lifestyle in a community that values beauty, comfort, and connection. Schedule your private showing today and discover all that awaits in Deep Creek.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Paved, Attached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Composition/Composite
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • HOA Fee: $165/annually

Land Information

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

Lot Information

  • Parcel ID: 402316227003
  • Lot Size: 10454 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Florida, Traditional, Single Family
  • Year Built: 2020

Tax Information

  • Annual Tax: $4,759

Utilities

  • Heating: Central, Electric
  • Cooling: Ceiling Fan(s)

Location

  • County: Charlotte

Listing Details


Listed by:
Joseph Mason
RE/MAX Harbor Realty
(941) 525-6252

Source:
Naples Area Board of REALTORS
MLS#: 225044902
Naples Area Board of REALTORS

Investment Summary


Monthly Cash Flow
-$435
Cap Rate
4.7%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.2%

Purchase Details

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Purchase price:
$355,000
Amount financed:
-$284,000
Down payment:
$71,000
Closing costs:
$10,650
Rehab costs:
$0
Initial cash invested:
$81,650
Square feet:
2,030
Cost per square foot:
$175
Monthly rent per square foot:
$1.28

Financing Details

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Loan amount:
$284,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,818
Property tax:
$397
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,397

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$397-$4,759
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (1%)
1%-$14-$168
Total operating expenses: (41%)
41%-$1,061-$12,727

Cash Flow


Monthly Yearly
Net operating income:
$1,383 $16,596
Mortgage payments:
-$1,818 -$21,816
Cash flow:
-$435 -$5,220