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$1,250,000

Under Contract
2216 SW 49th Ter, Cape Coral, FL 33914
3 Beds
3 Baths
2,717 Square Feet
0.29 Acres Lot
Built in 2005
Under Contract
Units n/a
Checked: 13 hours ago
Updated: Jul 11, 2025 at 03:16AM

Investment Summary


Monthly Cash Flow
-$2,858
Cap Rate
3.4%
Cash-on-Cash Return
-11.9%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-7.6%

Property Description


0.29 Acres Lot
Built in 2005
Under Contract
Units n/a

This Custom Estate was designed and constructed by Koogler Homes, one of the area’s finest Luxury Home Builders! Situated on an Oversized Home Site with Southwestern Rear Exposure, 145 Feet of Gulf Access Water Frontage, and Wide Intersecting Canal Views……it just doesn’t get any better than this! Upon entering the home you will immediately see and feel the quality of workmanship and luxurious finishes that will set this home apart from its competition. Features include Gorgeous Tile Flooring, Custom Wood Cabinetry, Granite Counter Tops, SS Appliances, Tray & Coffered Ceiling Details, Exquisite Crown Molding & Trim, a Built-In Entertainment Center with Fireplace, 8 Ft. Solid Core Doors, Soaring Ceiling Heights, Impact Resistant Windows, and so much more! The floor plan features an Open Great Room Concept, 3 Large Bedrooms plus a Den/Office, Formal & Casual Dining Areas, and a Chef’s Dream Kitchen that was designed for culinary enthusiasts. Outdoors you’ll find a Large Covered Lanai, and Oversized Brick Paver Deck, a Sparkling Heated Pool with Spillover Hot Tub/Spa, and a Brand-New Picture Window Pool Cage that provides unobstructed views of the Wide Waterways and some of the BEST Sunsets you’ll ever see! Boaters will enjoy the Composite Wrap-around Dock with 10,000 Lb. Lift and a Tiki Hut for enjoying some cold beverages after a long day on the water. Located in one of the most sought-after neighborhoods in SW Cape Coral, this home offers quick access to the Gulf of Mexico, and it is in close proximity to the Cape Harbour community that offers Waterfront Dining. Shopping, Live Entertainment, Tours and Charters, a Deep Water Marina, and numerous events throughout the year. And to make your move as smooth and seamless as possible, this home is being offered Fully Furnished & Decorated as well! For those looking for a very high-quality luxury home on an incredible piece of property, your search ends here. Don’t let this one slip away! Secure your “Piece of Paradise” today!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 164523C104583.0050
  • Lot Size: 12807 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, Single Family
  • Year Built: 2005

Tax Information

  • Annual Tax: $15,424

Utilities

  • Heating: Central, Electric, Zoned
  • Cooling: Ceiling Fan(s), Zoned

Location

  • County: Lee

Listing Details


Listed by:
Terry Mell
Miloff Aubuchon Realty Group
(239) 823-0442

Source:
Naples Area Board of REALTORS
MLS#: 224097872
Naples Area Board of REALTORS

Investment Summary


Monthly Cash Flow
-$2,858
Cap Rate
3.4%
Cash-on-Cash Return
-11.9%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-7.6%

Purchase Details

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Purchase price:
$1,250,000
Amount financed:
-$1,000,000
Down payment:
$250,000
Closing costs:
$37,500
Rehab costs:
$0
Initial cash invested:
$287,500
Square feet:
2,717
Cost per square foot:
$460
Monthly rent per square foot:
$2.58

Financing Details

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Loan amount:
$1,000,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$6,403
Property tax:
$1,285
Insurance:
$490
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,178

Operating Income

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% Rent Monthly Yearly
Gross rent:
$7,000 $84,000
Vacancy loss: (6%)
6% -$420 -$5,040
Operating income:
$6,580 $78,960

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$1,285-$15,424
Insurance: (7%)
7%-$490-$5,880
Property management: (8%)
8%-$560-$6,720
Repairs & maintenance: (5%)
5%-$350-$4,200
Capital expenditures: (5%)
5%-$350-$4,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (43%)
43%-$3,035-$36,424

Cash Flow


Monthly Yearly
Net operating income:
$3,545 $42,540
Mortgage payments:
-$6,403 -$76,836
Cash flow:
$2,858 $34,296