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$999,000

For Sale - Active
3081 Laurel Ridge Ct, Bonita Springs, FL 34134
3 Beds
2 Baths
1,661 Square Feet
0.00 Acres Lot
Built in 1989
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: May 28, 2025 at 03:11AM

Investment Summary


Monthly Cash Flow
$169
Cap Rate
6.3%
Cash-on-Cash Return
0.9%
Debt Coverage Ratio
1.03
Internal Rate of Return (5 years)
4.9%

Property Description


0.00 Acres Lot
Built in 1989
For Sale - Active
Units n/a

LOVELY LAUREL RIDGE!! A RARE OPPORTUNITY!! NEWLY RENOVATED (2024), PRIVATE POOL, large lot home located in the Laurel Ridge subdivision of Bonita Bay, a collection of 21 unique, single-family homes! Newly Remodel with new flooring, complete new kitchen, new lighting, new window treatments, new re-imagined fireplace, new bathrooms, new exterior paint and NEW FURNITURE PACKAGE AVAILABLE!! Enjoy the completely private covered lanai overlooking your pool (with new pool heater 2025) and a PRIVATE BACKYARD with lush tropical landscaping. Top it off with soaring tall ceilings and a wonderful, opened floor plan!! Bonita Bay is a one-of-a-kind, Audubon rated, master planned community offering gorgeous, canopied foliage, 12 miles of trails for walking and biking, 3 wonderful parks, boardwalks, pickle ball and bocce courts, restaurant, plus ACCESS TO BONITA BAY'S PRIVATE BEACH CLUB WITH SHUTTLE TRANSPORTATION INCLUDED!! If interested a full-service marina, golf club and social club are available separately!! Call today!

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Location


Property Details


Parking

  • Description: Attached, Garage, GarageDoorOpener
  • Details: Attached, Garage, 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 Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $4,757/annually

Land Information

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

Lot Information

  • Parcel ID: 334725B20090D.0100
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, One Story
  • Year Built: 1989

Tax Information

  • Annual Tax: $12,130

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Location

  • County: Lee

Listing Details


Listed by:
Kevin Shelly
Kevin Shelly Realty Inc.
(239) 344-6428

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225010887
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
$169
Cap Rate
6.3%
Cash-on-Cash Return
0.9%
Debt Coverage Ratio
1.03
Internal Rate of Return (5 years)
4.9%

Purchase Details

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Purchase price:
$999,000
Amount financed:
-$799,200
Down payment:
$199,800
Closing costs:
$29,970
Rehab costs:
$0
Initial cash invested:
$229,770
Square feet:
1,661
Cost per square foot:
$601
Monthly rent per square foot:
$5.84

Financing Details

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Loan amount:
$799,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$5,117
Property tax:
$1,011
Insurance:
$679
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,807

Operating Income

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% Rent Monthly Yearly
Gross rent:
$9,700 $116,400
Vacancy loss: (6%)
6% -$582 -$6,984
Operating income:
$9,118 $109,416

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$1,011-$12,131
Insurance: (7%)
7%-$679-$8,148
Property management: (8%)
8%-$776-$9,312
Repairs & maintenance: (5%)
5%-$485-$5,820
Capital expenditures: (5%)
5%-$485-$5,820
HOA fees: (4%)
4%-$396-$4,752
Total operating expenses: (40%)
40%-$3,832-$45,983

Cash Flow


Monthly Yearly
Net operating income:
$5,286 $63,432
Mortgage payments:
-$5,117 -$61,404
Cash flow:
$169 $2,028