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715 Hutto Rd, North Fort Myers, FL 33903, US
Copied

$482,600
BiggerPockets estimate

Off Market
715 Hutto Rd, North Fort Myers, FL 33903
4 Beds
3 Baths
2,279 Square Feet
3.23 Acres Lot
Built in 2005
Off Market
Units n/a
Checked: 5 months ago
Updated: May 13, 2025 at 05:28PM

Investment Summary


Monthly Cash Flow
-$741
Cap Rate
4.3%
Cash-on-Cash Return
-8.0%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.8%

Property Description


3.23 Acres Lot
Built in 2005
Off Market
Units n/a

This property is not currently listed for sale or rent on BiggerPockets. The details below may have been provided by the owner, a third party, or public records.

Located at 715 Hutto Rd, North Fort Myers, FL (ZIP code 33903) this single family residence features 4 bedrooms, 3 bathrooms and approximately 2,279 square feet of living space. The property sits on a 3.23 acre lot and was built in 2005.

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Location


Property Details


Parking

  • Description: Mixed
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: IRR/Cathedral
  • Roof Material: Asphalt

Land Information

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

Lot Information

  • Parcel ID: 3343240000005.0000
  • Lot Size: 140698 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch\Rambler
  • Year Built: 2005

Tax Information

  • Annual Tax: $2,410

Utilities

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

Location

  • County: Lee

Investment Summary


Monthly Cash Flow
-$741
Cap Rate
4.3%
Cash-on-Cash Return
-8.0%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.8%

Purchase Details

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Purchase price:
$482,600
Amount financed:
-$386,080
Down payment:
$96,520
Closing costs:
$14,478
Rehab costs:
$0
Initial cash invested:
$110,998
Square feet:
2,279
Cost per square foot:
$212
Monthly rent per square foot:
$1.23

Financing Details

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Loan amount:
$386,080
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,472
Property tax:
$201
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,869

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: (7%)
7%-$201-$2,410
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: (n/a)
n/an/an/a
Total operating expenses: (32%)
32%-$901-$10,810

Cash Flow


Monthly Yearly
Net operating income:
$1,731 $20,772
Mortgage payments:
-$2,472 -$29,664
Cash flow:
$741 $8,892