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$249,999

For Sale - Active
16380 Dublin Cir Apt 102, Fort Myers, FL 33908
2 Beds
2 Baths
892 Square Feet
0.00 Acres Lot
Built in 1980
For Sale - Active
Units n/a
Checked: 4 hours ago
Updated: Aug 31, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
-$717
Cap Rate
2.7%
Cash-on-Cash Return
-15.0%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-10.5%

Property Description


0.00 Acres Lot
Built in 1980
For Sale - Active
Units n/a

Looking for your winter getaway? Here it is! Also, these units are highly desirable to rent. Can be annual or seasonal. Fully furnished, turnkey two bedroom two bath nicely remodeled ground floor unit. New tile in living room, kitchen and bathrooms. The condo has a new stacking washer and dryer. Unit includes assigned parking spot in front of your condo. Location is near everything you want. Fort Myers Beach and Sanibel are less than 5 miles away. Great friendly community with very nice pool.

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Location


Property Details


Parking

  • Details: Detached, Garage
  • 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 Rooms: 0
  • # of Stories: 2

Exterior Features

  • Roof Material: Shingle
  • Pool: Yes
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $351/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 0646241200001.1020
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Two Story, Low Rise
  • Year Built: 1980

Tax Information

  • Annual Tax: $2,273

Utilities

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

Location

  • County: Lee

Listing Details


Listed by:
Daniel Robinson
Houwzer Inc
(407) 907-5501

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225067001
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$717
Cap Rate
2.7%
Cash-on-Cash Return
-15.0%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-10.5%

Purchase Details

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Purchase price:
$249,999
Amount financed:
-$199,999
Down payment:
$50,000
Closing costs:
$7,500
Rehab costs:
$0
Initial cash invested:
$57,500
Square feet:
892
Cost per square foot:
$280
Monthly rent per square foot:
$1.79

Financing Details

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Loan amount:
$199,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,281
Property tax:
$189
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,582

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$189-$2,273
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (22%)
22%-$351-$4,212
Total operating expenses: (59%)
59%-$940-$11,285

Cash Flow


Monthly Yearly
Net operating income:
$564 $6,768
Mortgage payments:
-$1,281 -$15,372
Cash flow:
$717 $8,604