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$319,000

Under Contract
265 SE 46th Ter, Cape Coral, FL 33904
2 Beds
2 Baths
1,322 Square Feet
0.23 Acres Lot
Built in 1967
Under Contract
Units n/a
Checked: 1 day ago
Updated: Jul 11, 2025 at 03:11AM

Investment Summary


Monthly Cash Flow
-$634
Cap Rate
3.8%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.0%

Property Description


0.23 Acres Lot
Built in 1967
Under Contract
Units n/a

Charming 2-Bedroom, 2-Bathroom Home with Heated Pool with a Spacious Backyard. Welcome to 265 SE 46th Terrace, recently remodeled 2-bedroom, 2-bathroom home, offering a perfect blend of comfort and style. The open floor plan enhances the spacious feel, with the kitchen featuring sleek grey wood soft close cabinetry, new stainless steel appliances a large granite island perfect for entertaining family and friends. The split bedroom layout provides privacy, with the master suite boasting a walk-in closet and a luxurious walk-in shower. Enjoy the Florida lifestyle with a large, private backyard and a sparkling heated pool, perfect for relaxing and entertaining. The enclosed Florida room adds additional living space to the home. This home has been thoughtfully updated: new roof in 2023, new PEX plumbing with new drains and drain pipes 2023, Remodeled Kitchen and Bathrooms, 3 mini-splits and central air, along with brand new baseboards, interior doors, and vinyl flooring throughout, giving the home a fresh, modern look. Located just minutes from the heart of downtown Cape Coral, this home offers easy access to a variety of restaurants, entertainment, shopping, and banking. Whether you're enjoying a night out or running errands, everything you need is just around the corner. This home is perfect for Snowbirds, Investors, or Full-Time Living!

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Location


Property Details


Parking

  • Description: Attached, Garage, GarageDoorOpener
  • Details: Garage Door Opener, Paved, Attached
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 0
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable
  • Roof Material: Shingle
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 124523C400223.0420
  • Lot Size: 10019 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, Florida, Single Family
  • Year Built: 1967

Tax Information

  • Annual Tax: $4,560

Utilities

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

Location

  • County: Lee

Listing Details


Listed by:
Monica Fowlds
Century 21 Selling Paradise
(239) 243-7540

Source:
Naples Area Board of REALTORS
MLS#: 225027585
Naples Area Board of REALTORS

Investment Summary


Monthly Cash Flow
-$634
Cap Rate
3.8%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.0%

Purchase Details

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Purchase price:
$319,000
Amount financed:
-$255,200
Down payment:
$63,800
Closing costs:
$9,570
Rehab costs:
$0
Initial cash invested:
$73,370
Square feet:
1,322
Cost per square foot:
$241
Monthly rent per square foot:
$1.51

Financing Details

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Loan amount:
$255,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,634
Property tax:
$380
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,154

Operating Income

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% 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: (19%)
19%-$380-$4,560
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: (44%)
44%-$880-$10,560

Cash Flow


Monthly Yearly
Net operating income:
$1,000 $12,000
Mortgage payments:
-$1,634 -$19,608
Cash flow:
$634 $7,608