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$670,000

For Sale - Active
3914 SW 17th Ave, Cape Coral, FL 33914
3 Beds
2 Baths
1,927 Square Feet
0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 22, 2025 at 03:12AM

Investment Summary


Monthly Cash Flow
-$1,696
Cap Rate
3.1%
Cash-on-Cash Return
-13.2%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-8.8%

Property Description


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

OWN A PIECE OF PARADISE! . . . Step through the front doors and be instantly captivated by breathtaking views of the sparkling oversized pool and the tranquil Perch Canal, framed by picture window screens for an unobstructed panorama. This stunning 3-bedroom + den home is a masterpiece of charm and creativity, with exquisite Frank Lloyd Wright style stained glass accents adding a touch of artistry throughout. The inviting split floor plan flows effortlessly, with a bright, open kitchen featuring sleek white cabinetry, stainless steel appliances, and granite countertops—perfect for entertaining. The spacious main suite is a true retreat, boasting beautiful stained glass details, a generous walk-in closet, and a luxurious ensuite. Step outside into your tropical oasis, where lush greenery, swaying palms, and even an herb garden create a serene, private escape. The reinforced new screen enclosure ensures uninterrupted views while keeping your outdoor space pristine. Enjoy endless sunshine on the oversized pool deck, perfect for lounging or cooling off in the water. Plus, impact-resistant fabric roll-down shutters provide storm protection, added security, and optional shade when needed. With a brand-new roof and a freshly painted exterior, this home is move in ready and waiting for you to start your next chapter in paradise!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Driveway, Garage, 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 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: 044523C304684.0220
  • Lot Size: 0 sqft

Property Information

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

Tax Information

  • Annual Tax: $8,152

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Location

  • County: Lee

Listing Details


Listed by:
Shirley Ellwood
Miloff Aubuchon Realty Group
(239) 443-0606

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225032518
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$1,696
Cap Rate
3.1%
Cash-on-Cash Return
-13.2%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-8.8%

Purchase Details

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Purchase price:
$670,000
Amount financed:
-$536,000
Down payment:
$134,000
Closing costs:
$20,100
Rehab costs:
$0
Initial cash invested:
$154,100
Square feet:
1,927
Cost per square foot:
$348
Monthly rent per square foot:
$1.82

Financing Details

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Loan amount:
$536,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,432
Property tax:
$679
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,356

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$679-$8,153
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (44%)
44%-$1,554-$18,653

Cash Flow


Monthly Yearly
Net operating income:
$1,736 $20,832
Mortgage payments:
-$3,432 -$41,184
Cash flow:
$1,696 $20,352