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$199,900

Sale Pending
17258 Acapulco Rd Unit 122, Punta Gorda, FL 33955
3 Beds
2 Baths
1,500 Square Feet
0.05 Acres Lot
Built in 2008
Sale Pending
1 Units
Checked: 4 hours ago
Updated: Sep 11, 2025 at 10:27AM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$285
Cap Rate
7.9%
Cash-on-Cash Return
7.4%
Debt Coverage Ratio
1.28
Internal Rate of Return (5 years)
11.2%

Property Description


0.05 Acres Lot
Built in 2008
Sale Pending
1 Units

Under contract-accepting backup offers. Welcome to this stunning 3-bedroom, 2-bathroom condo located in the desirable community of Burnt Store Lakes. Built in 2008 and offering 1,592 square feet of beautifully designed living space, this residence has everything you could want in comfort, style, and functionality. From the moment you step inside, you’ll notice the open and inviting layout that blends modern upgrades with timeless charm. The spacious living and dining area is perfect for entertaining or simply relaxing at the end of the day, while the abundance of natural light gives the entire home a warm and airy feel. The kitchen is designed with both form and function in mind, featuring plenty of cabinetry, ample counter space, and a layout that makes cooking and hosting a breeze. Whether you are enjoying a quiet breakfast or preparing a full holiday meal, this kitchen will quickly become the heart of your home. The primary suite is generously sized and offers a private retreat with its own en-suite bathroom. The additional two bedrooms are equally inviting, perfect for family, guests, or even a home office. Both bathrooms are stylishly appointed, offering a combination of comfort and practicality. One of the many highlights of this home is the upgraded flooring. With durable vinyl and sleek tile throughout, you’ll enjoy a clean, modern look with the added benefit of easy maintenance—no carpet in sight. The air conditioning system was replaced in 2023, providing peace of mind and energy efficiency for years to come. The hot water heater was also just replaced! The one-car garage adds convenience and storage, while the condo itself is tucked within a beautifully maintained community that’s known for its serene setting and Florida lifestyle. Burnt Store Lakes offers a variety of amenities, including nature-filled walking paths, a community park, and access to Burnt Store Marina right next door for boating, fishing, dining, and recreation. This condo truly stands out as a perfect combination of style, space, and location. With its thoughtful upgrades, spacious floor plan, and move-in-ready condition, it’s more than just a home—it’s the lifestyle you’ve been waiting for. Don’t miss your chance to own one of the best condos in Burnt Store Lakes and start enjoying the Florida living you’ve always dreamed of.

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Location


Property Details


Parking

  • Description: Ground Level
  • Details: Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 3
  • # of Stories: 2

Exterior Features

  • Foundation: Slab
  • Roof Material: Tile

HOA

  • Association: Star Hospitality Management

Land Information

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

Lot Information

  • Parcel ID: 422236553005
  • Lot Size: 1978 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2008

Tax Information

  • Annual Tax: $4,168

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Charlotte

Listing Details


Listed by:
Christopher Grant
GRANT TEAM REAL ESTATE, LLC
(941) 205-8481

Source:
Stellar MLS
MLS#: C7513957
Stellar MLS

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$285
Cap Rate
7.9%
Cash-on-Cash Return
7.4%
Debt Coverage Ratio
1.28
Internal Rate of Return (5 years)
11.2%

Purchase Details

Find an Agent

Purchase price:
$199,900
Amount financed:
-$159,920
Down payment:
$39,980
Closing costs:
$5,997
Rehab costs:
$0
Initial cash invested:
$45,977
Square feet:
1,500
Cost per square foot:
$133
Monthly rent per square foot:
$1.60

Financing Details

Find a Lender

Loan amount:
$159,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,024
Property tax:
$347
Insurance:
$168
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,539

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,400 $28,800
Vacancy loss: (6%)
6% -$144 -$1,728
Operating income:
$2,256 $27,072

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$347-$4,169
Insurance: (7%)
7%-$168-$2,016
Property management: (8%)
8%-$192-$2,304
Repairs & maintenance: (5%)
5%-$120-$1,440
Capital expenditures: (5%)
5%-$120-$1,440
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$947-$11,369

Cash Flow


Monthly Yearly
Net operating income:
$1,309 $15,708
Mortgage payments:
-$1,024 -$12,288
Cash flow:
$285 $3,420