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$549,000

For Sale - Active
5602 Cape Harbour Dr Apt 102, Cape Coral, FL 33914
3 Beds
2 Baths
1,496 Square Feet
0.00 Acres Lot
Built in 2003
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 20, 2025 at 03:12AM

Investment Summary


Monthly Cash Flow
-$2,476
Cap Rate
0.7%
Cash-on-Cash Return
-23.5%
Debt Coverage Ratio
0.12
Internal Rate of Return (5 years)
-18.7%

Property Description


0.00 Acres Lot
Built in 2003
For Sale - Active
Units n/a

This property is move in ready and offered turnkey! A rare opportunity to own this beautifully updated coach home in the highly coveted boating community of Cape Harbour! Water views from the master suite, kitchen, and living area. Granite kitchen counters, custom window coverings, newer appliances, and much more. Simply park in the driveway and step inside to enjoy the relaxing water views and beautiful sunsets from the screened lanai. This ground-floor, waterfront unit offers 3 bedrooms, 2 full baths, and 1,496 sq. ft. of stylish living space with a private entry and direct access from the attached 1-car garage. The master suite includes a walk-in closet and an en suite bath with dual sinks and a walk-in shower. Cape Harbour is an exclusive waterfront community open to the public, featuring a marina, live music events, fine dining, and boutique shopping, making it one of the most desirable destinations in Southwest Florida. Don’t miss this opportunity to own a move-in-ready, upgraded coach home in one of Cape Coral’s most sought-after locations.

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Location


Property Details


Parking

  • Description: Attached, Garage, GarageDoorOpener, RVAccessParking
  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 1
  • 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

  • Roof Material: Tile
  • Pool: Yes
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Additional HOA Fee: $1,100/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 214523C200604.0402
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Coach Carriage, Contemporary, Low Rise
  • Year Built: 2003

Tax Information

  • Annual Tax: $5,955

Utilities

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

Location

  • County: Lee

Listing Details


Listed by:
Kevin Kuhlman
Miloff Aubuchon Realty Group
(239) 243-6004

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225033448
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$2,476
Cap Rate
0.7%
Cash-on-Cash Return
-23.5%
Debt Coverage Ratio
0.12
Internal Rate of Return (5 years)
-18.7%

Purchase Details

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Purchase price:
$549,000
Amount financed:
-$439,200
Down payment:
$109,800
Closing costs:
$16,470
Rehab costs:
$0
Initial cash invested:
$126,270
Square feet:
1,496
Cost per square foot:
$367
Monthly rent per square foot:
$1.87

Financing Details

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Loan amount:
$439,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,812
Property tax:
$496
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,504

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$496-$5,955
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (39%)
39%-$1,100-$13,200
Total operating expenses: (82%)
82%-$2,296-$27,555

Cash Flow


Monthly Yearly
Net operating income:
$336 $4,032
Mortgage payments:
-$2,812 -$33,744
Cash flow:
$2,476 $29,712