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$249,000

For Sale - Active
5483 Avenue C, Bokeelia, FL 33922
2 Beds
2 Baths
832 Square Feet
0.00 Acres Lot
Built in 1971
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Apr 23, 2025 at 08:53PM

Investment Summary


Monthly Cash Flow
-$69
Cap Rate
6.0%
Cash-on-Cash Return
-1.4%
Debt Coverage Ratio
0.95
Internal Rate of Return (5 years)
2.6%

Property Description


0.00 Acres Lot
Built in 1971
For Sale - Active
Units n/a

Exceptional opportunity for buyers wanting to purchase a superbly remodeled home close to the center of the island in Bokeelia. Two bedrooms and two baths beautifully remodeled. Open kitchen with breakfast bar, stainless appliances and granite countertops. Wood and tile flooring throughout...no carpet! French doors lead out to the screened porch and the private yard beyond, planted with areca palms providing privacy. Professionally landscaped. Ample parking. Walk to community pool, pickleball courts, county library, shopping and dining. Easy access to the bike trail that runs the length of the island. Home is immaculate and move-in ready! Don't miss this opportunity!

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Location


Property Details


Parking

  • Description: Attached, Garage, GarageDoorOpener
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

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: Gable
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 284422020000C.0070
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other, Ranch, One Story
  • Year Built: 1971

Tax Information

  • Annual Tax: $1,660

Utilities

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

Location

  • County: Lee

Listing Details


Listed by:
John Faulkner
Century 21 Sunbelt Realty
(239) 314-4628

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225022089
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$69
Cap Rate
6.0%
Cash-on-Cash Return
-1.4%
Debt Coverage Ratio
0.95
Internal Rate of Return (5 years)
2.6%

Purchase Details

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Purchase price:
$249,000
Amount financed:
-$199,200
Down payment:
$49,800
Closing costs:
$7,470
Rehab costs:
$0
Initial cash invested:
$57,270
Square feet:
832
Cost per square foot:
$299
Monthly rent per square foot:
$2.40

Financing Details

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Loan amount:
$199,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$1,311
Property tax:
$138
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,589

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$138-$1,661
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (32%)
32%-$638-$7,661

Cash Flow


Monthly Yearly
Net operating income:
$1,242 $14,904
Mortgage payments:
-$1,311 -$15,732
Cash flow:
$69 $828