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$379,900

For Sale - Active
3007 NE 4th Ave, Cape Coral, FL 33909
3 Beds
2 Baths
1,408 Square Feet
0.00 Acres Lot
Built in 2006
For Sale - Active
Units n/a
Checked: 2 days ago
Updated: Jul 16, 2025 at 08:13AM

Investment Summary


Monthly Cash Flow
-$727
Cap Rate
3.9%
Cash-on-Cash Return
-10.0%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.7%

Property Description


0.00 Acres Lot
Built in 2006
For Sale - Active
Units n/a

Welcome home, looking for the perfect pool home with the tropical island feeling, here it is. Well cared for 3-bedroom 2 bath pool home in quiet NE Cape Coral. The home features a large saltwater pool and very spacious patio deck, excellent for entertaining and enjoyment. The yard has lush palm trees and landscaping and well-manicured St. Augustine grass. Open layout with spacious kitchen, living room and dining room. No hurricane damage or flooding from past storms. Home has a new roof in 2023, new pool heater, new pool pump, new AC, new well pump installed, and pump was dug deeper than before. The owners installed a roll down screen door for the garage as well as replaced all screens on patio. No need to worry about future storms with brand new hurricane shutters. You don't have to worry about electric bills being high, you have solar panels keeping that monthly bill low. Make your showing appointment today and come see for yourself what a gem this home is.

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage, Paved, TwoSpaces, GarageDoorOpener
  • Details: Attached, Driveway, Garage, None, Paved, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

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: IRR/Cathedral
  • Roof Material: Shingle
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 254323C202316.0350
  • Lot Size: 0 sqft

Property Information

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

Tax Information

  • Annual Tax: $3,588

Utilities

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

Location

  • County: Lee

Listing Details


Listed by:
Kristopher Zook
Premiere Plus Realty Company
(239) 980-0977

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225041983
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$727
Cap Rate
3.9%
Cash-on-Cash Return
-10.0%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.7%

Purchase Details

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Purchase price:
$379,900
Amount financed:
-$303,920
Down payment:
$75,980
Closing costs:
$11,397
Rehab costs:
$0
Initial cash invested:
$87,377
Square feet:
1,408
Cost per square foot:
$270
Monthly rent per square foot:
$1.56

Financing Details

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Loan amount:
$303,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,946
Property tax:
$299
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,399

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$299-$3,588
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$849-$10,188

Cash Flow


Monthly Yearly
Net operating income:
$1,219 $14,628
Mortgage payments:
-$1,946 -$23,352
Cash flow:
$727 $8,724