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$589,900

For Sale - Active
4628 SW 18th Ave, Cape Coral, FL 33914
3 Beds
2 Baths
1,963 Square Feet
0.00 Acres Lot
Built in 1989
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: May 10, 2025 at 03:33AM

Investment Summary


Monthly Cash Flow
-$1,510
Cap Rate
3.1%
Cash-on-Cash Return
-13.4%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-8.9%

Property Description


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

Don't miss out on this beautiful SW Cape Coral Gulf Access Home with almost 2000 sqft living area. This Home features 3 bedrooms, 2 bathrooms, and a 2 car garage with a Captains Walk Boat lift ready for your boating pleasure. This Home is Concrete Construction with a new shingle roof, new A/C, Hurricane Impact windows, solid surface counter-tops, tile back splash, and has City Water and City Sewer in and Paid in Full. Rest every evening in your screened Lanai or on your over sized Boat Dock with amazing Sunset views looking down the entire Canal. Seller Financing Available !! Call today for more details !!

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Location


Property Details


Parking

  • Description: Garage
  • 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

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Hip
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 094523C304660.0310
  • Lot Size: 0 sqft

Property Information

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

Tax Information

  • Annual Tax: $7,529

Utilities

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

Location

  • County: Lee

Listing Details


Listed by:
Joe Castagna
RE/MAX Trend
(239) 872-8433

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225034899
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$1,510
Cap Rate
3.1%
Cash-on-Cash Return
-13.4%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-8.9%

Purchase Details

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Purchase price:
$589,900
Amount financed:
-$471,920
Down payment:
$117,980
Closing costs:
$17,697
Rehab costs:
$0
Initial cash invested:
$135,677
Square feet:
1,963
Cost per square foot:
$301
Monthly rent per square foot:
$1.58

Financing Details

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Loan amount:
$471,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,022
Property tax:
$627
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,866

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$627-$7,529
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (45%)
45%-$1,402-$16,829

Cash Flow


Monthly Yearly
Net operating income:
$1,512 $18,144
Mortgage payments:
-$3,022 -$36,264
Cash flow:
$1,510 $18,120