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$1,699,000

For Sale - Active
27237 Rio Vista Cir, Bonita Springs, FL 34135
6 Beds
6 Baths
4,030 Square Feet
0.49 Acres Lot
Built in 1974
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: May 22, 2025 at 12:19PM

Investment Summary


Monthly Cash Flow
-$4,990
Cap Rate
2.6%
Cash-on-Cash Return
-15.3%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-10.8%

Property Description


0.49 Acres Lot
Built in 1974
For Sale - Active
Units n/a

LOWEST PRICED by the sq foot! Recently reduced- open to all offers! Your dream estate awaits! Massive 6 bedroom waterfront pool home on nearly half an acre! Owner has renovated and gutted this property ENTIRELY! 4,030 sq ft home re-done from top to bottom. Detached separate structure also on property, featuring guest room and en suite bath, this sanctuary offers privacy and comfort for all who visit. Lot size offers enough space to park over 10+ cars, RV hook ups, and 3-4 boats in the back! Currently the backyard includes an expansive 200+ ft of waterfront dockage. With NO association, have the liberty of making a massive amount of income on this property! $20k-40k per month to be generated for this quality and size home, 10-15% cap rate! Don’t wait, available to show at anytime!

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Location


Property Details


Parking

  • Description: Detached, Garage, GarageDoorOpener
  • Details: Driveway, RV Access/Parking
  • Garage Spaces: 6
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 6
  • # of Baths (Partial): 1
  • # of Baths (Total): 6.0

Interior Features

  • # of Stories: 2

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 354725B101100.0020
  • Lot Size: 21344 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Detached, TwoStory
  • Year Built: 1974

Tax Information

  • Annual Tax: $21,686

Utilities

  • Water & Sewer: Other
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Lee

Listing Details


Listed by:
Sabrina Perez
Real Estate Sales Force
(305) 609-6861

Source:
MIAMI REALTORS MLS
MLS#: A11590226
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$4,990
Cap Rate
2.6%
Cash-on-Cash Return
-15.3%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-10.8%

Purchase Details

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Purchase price:
$1,699,000
Amount financed:
-$1,359,200
Down payment:
$339,800
Closing costs:
$50,970
Rehab costs:
$0
Initial cash invested:
$390,770
Square feet:
4,030
Cost per square foot:
$422
Monthly rent per square foot:
$1.99

Financing Details

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Loan amount:
$1,359,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$8,703
Property tax:
$1,807
Insurance:
$560
Private mortgage insurance (PMI):
$0
Monthly payment:
$11,070

Operating Income

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% Rent Monthly Yearly
Gross rent:
$8,000 $96,000
Vacancy loss: (6%)
6% -$480 -$5,760
Operating income:
$7,520 $90,240

Operating Expenses


% Rent Monthly Yearly
Property taxes: (23%)
23%-$1,807-$21,686
Insurance: (7%)
7%-$560-$6,720
Property management: (8%)
8%-$640-$7,680
Repairs & maintenance: (5%)
5%-$400-$4,800
Capital expenditures: (5%)
5%-$400-$4,800
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (48%)
48%-$3,807-$45,686

Cash Flow


Monthly Yearly
Net operating income:
$3,713 $44,556
Mortgage payments:
-$8,703 -$104,436
Cash flow:
$4,990 $59,880