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$824,900

For Sale - Active
20886 Torre Del Lago St, Estero, FL 33928
5 Beds
4 Baths
3,607 Square Feet
0.00 Acres Lot
Built in 2006
For Sale - Active
0 Units
Checked: 6 hours ago
Updated: Jun 12, 2025 at 03:16AM

Investment Summary


Monthly Cash Flow
-$1,742
Cap Rate
3.6%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.7%

Property Description


0.00 Acres Lot
Built in 2006
For Sale - Active
0 Units

This spacious two-story estate home, now offered with a $25,000 price reduction, is located on a premium oversized lot backing onto a tranquil preserve with beautiful lake views. Situated east of I-75 and outside of a flood zone, this certified pre-owned 5-bedroom, 4-bathroom pool home is move-in ready and perfect for entertaining. The seller is highly motivated and will entertain any and all reasonable offers, presenting an incredible opportunity for buyers. The master suite is a true retreat, featuring its own screened balcony overlooking the lake and preserve, a cozy sitting area, walk-in closets, and a spacious en-suite bathroom with a soaking tub and separate shower. Fresh interior paint, crown molding, beautiful flooring, and plantation shutters add elegance throughout the home. A new roof provides added peace of mind, and a home warranty is included for additional security. The extra-long driveway easily accommodates multiple vehicles, an important feature since Bella Terra does not allow overnight street parking. Enjoy ultimate privacy around your pool and lanai, surrounded by lush preserve views. Bella Terra is a highly desirable, gated community offering an exceptional array of resort-style amenities, including a community pool and spa, clubhouse, tennis and pickleball courts, an inline hockey rink, sand volleyball, and more. Ideally located off Corkscrew Road, Bella Terra places you just minutes from premier shopping and dining at Miromar Outlets, Coconut Point, and University Village Shops. It is also a short drive to Southwest Florida International Airport and I-75, making travel and commuting exceptionally convenient. This is a rare opportunity to live in one of Southwest Florida’s most sought-after communities with a motivated seller ready to make a deal. Schedule your private showing today.

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Location


Property Details


Parking

  • Description: 2+ Spaces, Driveway Paved
  • Details: Attached, Driveway, Garage, Paved
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $573/quarterly
  • Additional HOA Fee: $238/quarterly

Land Information

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

Lot Information

  • Parcel ID: 324626E10200A.0160
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other, Two Story
  • Year Built: 2006

Tax Information

  • Annual Tax: $9,177

Utilities

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

Location

  • County: Lee

Listing Details


Listed by:
Suzanne Vasbinder
Your Home Sold Guaranteed Rlty
(239) 357-8787

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225027470
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$1,742
Cap Rate
3.6%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.7%

Purchase Details

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Purchase price:
$824,900
Amount financed:
-$659,920
Down payment:
$164,980
Closing costs:
$24,747
Rehab costs:
$0
Initial cash invested:
$189,727
Square feet:
3,607
Cost per square foot:
$229
Monthly rent per square foot:
$1.41

Financing Details

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Loan amount:
$659,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,226
Property tax:
$765
Insurance:
$357
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,348

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,100 $61,200
Vacancy loss: (6%)
6% -$306 -$3,672
Operating income:
$4,794 $57,528

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$765-$9,177
Insurance: (7%)
7%-$357-$4,284
Property management: (8%)
8%-$408-$4,896
Repairs & maintenance: (5%)
5%-$255-$3,060
Capital expenditures: (5%)
5%-$255-$3,060
HOA fees: (5%)
5%-$270-$3,240
Total operating expenses: (45%)
45%-$2,310-$27,717

Cash Flow


Monthly Yearly
Net operating income:
$2,484 $29,808
Mortgage payments:
-$4,226 -$50,712
Cash flow:
$1,742 $20,904