Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$340,000

For Sale - Active
3211 NE 14th Pl, Cape Coral, FL 33909
4 Beds
3 Baths
2,115 Square Feet
0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 16, 2025 at 08:32AM

Investment Summary


Monthly Cash Flow
-$404
Cap Rate
4.7%
Cash-on-Cash Return
-6.2%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-2.0%

Property Description


0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a

Well maintained 4 bed 3 full bath concrete block home with newer roof and privacy fenced back yard. Large under truss lanai is the perfect place to entertain family and friends and enjoy the weather. Inside you have a split floorplan, meaning the Owner's suite and guest rooms are on opposite sides of the house for privacy. Owner's bath features walk in shower, soaking tub, dual vanities, and walk in closet. Both guest baths have combo shower/tubs for versatility. Vaulted ceilings give the home more volume and make the house feel larger. Additional architectural embellishments include plant shelves. Spacious kitchen has plenty of cabinets for storage, and large sink. The eastern rear exposure offers great morning light and cooler/shaded afternoons on the lanai and backyard.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Attached, Garage, GarageDoorOpener
  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 0
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: IRR/Cathedral
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 194324C305621.0150
  • Lot Size: 0 sqft

Property Information

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

Tax Information

  • Annual Tax: $4,643

Utilities

  • Water & Sewer: Well
  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Location

  • County: Lee

Listing Details


Listed by:
James Sommers
RE/MAX Trend
(239) 851-2351

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225055129
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$404
Cap Rate
4.7%
Cash-on-Cash Return
-6.2%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-2.0%

Purchase Details

Find an Agent

Purchase price:
$340,000
Amount financed:
-$272,000
Down payment:
$68,000
Closing costs:
$10,200
Rehab costs:
$0
Initial cash invested:
$78,200
Square feet:
2,115
Cost per square foot:
$161
Monthly rent per square foot:
$1.18

Financing Details

Find a Lender

Loan amount:
$272,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,742
Property tax:
$387
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,304

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$387-$4,644
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$1,012-$12,144

Cash Flow


Monthly Yearly
Net operating income:
$1,338 $16,056
Mortgage payments:
-$1,742 -$20,904
Cash flow:
$404 $4,848