Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$379,900

For Sale - Active
18 Tropicana Pkwy W, Cape Coral, FL 33993
3 Beds
2 Baths
1,457 Square Feet
0.00 Acres Lot
Built in 2023
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 16, 2025 at 05:43AM

Investment Summary


Monthly Cash Flow
-$1,083
Cap Rate
2.7%
Cash-on-Cash Return
-14.9%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-10.4%

Property Description


0.00 Acres Lot
Built in 2023
For Sale - Active
Units n/a

Welcome to your dream home in Cape Coral. This is must see in person! This absolutely stunning single-family home boasts 3 bedrooms, 2 bathrooms, and a spacious 2 car garage. The interior features luxury vinyl floors throughout, stainless steel appliances, impact windows and doors, and custom finishes that make this home truly one of a kind. The huge kitchen is a chef's delight, with high end appliances and quartz countertops that are perfect for preparing meals and entertaining guests. Built in 2023 and never lived in, this home is practically brand new and ready for you to move in and make it your own. Whether you're relaxing in the spacious living room, enjoying a meal in the dining area, or unwinding in one of the three bedrooms, you'll feel right at home in this luxurious space. Don't miss out on the opportunity to own this beautiful property in a desirable location. Live the life of luxury in Cape Coral - schedule a showing today!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Hip
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 114423C202610.0370
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, One Story
  • Year Built: 2023

Tax Information

  • Annual Tax: $6,207

Utilities

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

Location

  • County: Lee

Listing Details


Listed by:
Trey Yeatter
Schooner Bay Realty, Inc.
(239) 470-3753

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225054636
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$1,083
Cap Rate
2.7%
Cash-on-Cash Return
-14.9%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-10.4%

Purchase Details

Find an Agent

Purchase price:
$379,900
Amount financed:
-$303,920
Down payment:
$75,980
Closing costs:
$11,397
Rehab costs:
$0
Initial cash invested:
$87,377
Square feet:
1,457
Cost per square foot:
$261
Monthly rent per square foot:
$1.37

Financing Details

Find a Lender

Loan amount:
$303,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,946
Property tax:
$517
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,603

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (26%)
26%-$517-$6,207
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (51%)
51%-$1,017-$12,207

Cash Flow


Monthly Yearly
Net operating income:
$863 $10,356
Mortgage payments:
-$1,946 -$23,352
Cash flow:
$1,083 $12,996