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$305,000

Sold
605 Louis Ave, Lehigh Acres, FL 33972
4 Beds
3 Baths
3,446 Square Feet
0.00 Acres Lot
Built in 2007
Sold
Units n/a
Checked: 13 hours ago
Updated: Jul 19, 2025 at 02:46AM

Investment Summary


Monthly Cash Flow
$687
Cap Rate
8.8%
Cash-on-Cash Return
11.8%
Debt Coverage Ratio
1.44
Internal Rate of Return (5 years)
15.5%

Property Description


0.00 Acres Lot
Built in 2007
Sold
Units n/a

SPACIOUS AND GORGEOUS ON A HUGE OVERSIZED .5 ACRE LOT, GIVES THIS 2 STORY SALTWATER POOL HOME A STANDOUT QUALITY COMPARED TO NONE! FULLY EQUIPPED WITH ALL THE BELLS AND WHISTLES, LANDSCAPED WITH LUSH GRASS, PLANTS AND MULTIPLE FRUIT TREES INCLUDING VALENCIA ORANGES, PEACH, RUBY RED GRAPEFRUIT, LEMON, AVOCADO, PAPAYA AND DRAGON FRUIT! THIS EASY TO SHOW 2 STORY, 4 BEDROOM, 3 BATH POOL HOME HAS TOO MANY FEATURES TO LIST. INCLUDES NEW STAINLESS STEEL APPLIANCES, CUSTOM SALTWATER HEATED POOL W MOSAIC TILES, AND SEPARATE OUT DOOR STORAGE GARAGE WITH POWER AND WATER FOR ALL YOUR LAWN EQUIPMENT AND TOOLS! ELECTRIC AND MANUAL HURRICANE SHUTTERS THROUGHOUT HOME AS WELL. CONVENIENTLY LOCATED CLOSE TO SHOPPING, DINING AND SCHOOLS!

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Location


Property Details


Parking

  • Description: Attached, Covered, Driveway, Garage, GolfCartGarage, Paved, RvAccessParking, TwoSpaces, AttachedCarport, GarageDoorOpener
  • Details: Attached, Driveway, Garage, Paved, Attached Carport, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2

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: 254427L208030.0150
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other, Two Story
  • Year Built: 2007

Tax Information

  • Annual Tax: $1,993

Utilities

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

Location

  • County: Lee

Listing Details


Listed by:
Mary Stalvey
RE/MAX Realty Group
(239) 910-7789

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 218063999
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
$687
Cap Rate
8.8%
Cash-on-Cash Return
11.8%
Debt Coverage Ratio
1.44
Internal Rate of Return (5 years)
15.5%

Purchase Details

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Purchase price:
$305,000
Amount financed:
-$244,000
Down payment:
$61,000
Closing costs:
$9,150
Rehab costs:
$0
Initial cash invested:
$70,150
Square feet:
3,446
Cost per square foot:
$89
Monthly rent per square foot:
$1.02

Financing Details

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Loan amount:
$244,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,562
Property tax:
$166
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,973

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: (5%)
5%-$166-$1,993
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: (30%)
30%-$1,041-$12,493

Cash Flow


Monthly Yearly
Net operating income:
$2,249 $26,988
Mortgage payments:
-$1,562 -$18,744
Cash flow:
$687 $8,244