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$550,000

For Sale - Active
20198 Hartford Blvd, Estero, FL 33928
3 Beds
3 Baths
2,269 Square Feet
0.00 Acres Lot
Built in 2023
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: May 30, 2025 at 03:18AM

Investment Summary


Monthly Cash Flow
-$1,714
Cap Rate
2.4%
Cash-on-Cash Return
-16.3%
Debt Coverage Ratio
0.39
Internal Rate of Return (5 years)
-11.7%

Property Description


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

This "Mystique" by Pulte in Verdana Village is perfect for a family of 4! 2,200+ sq. ft., “like new” 3bd/3bth (en-suites) and flex room. OVER $80,000 IN UPGRADES!* HOA fees are $373/month. The home has southwest sunset preserve views from the great room, primary bedroom, and lanai. *The seller will offer full transparency regarding the original purchase costs from December 2023, including details of the $80,985 options and upgrades. Verdana Village offers residents: Gorgeous resort-style pool Indoor and outdoor pickleball and tennis courts Indoor basketball court Bocce ball Pro shop Children’s playground Dog park State-of-the-art fitness center Full-service restaurant, bar, and café The Shoppes at Verdana Plaza, adjoining the community, offers: PUBLIX supermarket, UPS store, Nail spa, Dunkin’ Donuts, an Italian restaurant, and Cora Physical Therapy NOW is the time to buy in this very special gated community! You won't find a better deal on a Mystique model in Phase 1 of the development.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $535/quarterly
  • Additional HOA Fee: $585/quarterly

Land Information

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

Lot Information

  • Parcel ID: 304627L40300C.2120
  • Lot Size: 0 sqft

Property Information

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

Tax Information

  • Annual Tax: $7,960

Utilities

  • Water & Sewer: Public
  • Heating: Heat Pump
  • Cooling: Ceiling Fan(s), Heat Pump

Location

  • County: Lee

Listing Details


Listed by:
Blake Withall
Starlink Realty, Inc
(760) 681-9105

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225034252
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$1,714
Cap Rate
2.4%
Cash-on-Cash Return
-16.3%
Debt Coverage Ratio
0.39
Internal Rate of Return (5 years)
-11.7%

Purchase Details

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Purchase price:
$550,000
Amount financed:
-$440,000
Down payment:
$110,000
Closing costs:
$16,500
Rehab costs:
$0
Initial cash invested:
$126,500
Square feet:
2,269
Cost per square foot:
$242
Monthly rent per square foot:
$1.37

Financing Details

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Loan amount:
$440,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,817
Property tax:
$663
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,697

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$663-$7,961
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (12%)
12%-$373-$4,476
Total operating expenses: (58%)
58%-$1,811-$21,737

Cash Flow


Monthly Yearly
Net operating income:
$1,103 $13,236
Mortgage payments:
-$2,817 -$33,804
Cash flow:
$1,714 $20,568