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$760,000

For Sale - Active
937 SW 54th Ln, Cape Coral, FL 33914
3 Beds
3 Baths
1,938 Square Feet
0.00 Acres Lot
Built in 1986
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Jun 14, 2025 at 03:21AM

Investment Summary


Monthly Cash Flow
-$2,406
Cap Rate
2.5%
Cash-on-Cash Return
-16.5%
Debt Coverage Ratio
0.39
Internal Rate of Return (5 years)
-12.0%

Property Description


0.00 Acres Lot
Built in 1986
For Sale - Active
Units n/a

Calling all boaters, with minutes to open water and no bridges this direct boating access home is likely the most affordable and cleanest coastal designed home on the market. With 3 bedrooms and 3 baths this lovely home has been meticulously maintained and beautifully designed with tile flooring throughout. The chefs kitchen has fabulous quarts countertops and custom lighting with terrific high end appliances. The primary retreat is not only bright and airy but unique with his and her bathrooms, one of which is also used as a pool bath. The guest wing has 2 wonderful bedrooms, one with a queen bed and the other with 2 full size beds. The large living room has french doors opening up to the lanai while the dining area has sliders opening to the lanai and a well appointed sitting area with a custom tiled wood burning fireplace for those chilly January evenings. Huge lanai and pool area sets the stage for entertaining allowing lots of room for loungers in the sun and dining under the covered lanai. The boat dock with wrap around decking has plenty of room for sitting or lounging while you admire your boat up on a 10,000 lb lift. This home is a must see! Priced to sell, call for an immediate private showing!!

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage, Paved, TwoSpaces, GarageDoorOpener
  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 0
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable
  • Roof Material: Metal
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 154523C301665.0260
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, One Story
  • Year Built: 1986

Tax Information

  • Annual Tax: $10,232

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Location

  • County: Lee

Listing Details


Listed by:
Patty McGuire
Miloff Aubuchon Realty Group
(239) 333-9301

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225041494
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$2,406
Cap Rate
2.5%
Cash-on-Cash Return
-16.5%
Debt Coverage Ratio
0.39
Internal Rate of Return (5 years)
-12.0%

Purchase Details

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Purchase price:
$760,000
Amount financed:
-$608,000
Down payment:
$152,000
Closing costs:
$22,800
Rehab costs:
$0
Initial cash invested:
$174,800
Square feet:
1,938
Cost per square foot:
$392
Monthly rent per square foot:
$1.81

Financing Details

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Loan amount:
$608,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$3,968
Property tax:
$853
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,066

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: (24%)
24%-$853-$10,232
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: (49%)
49%-$1,728-$20,732

Cash Flow


Monthly Yearly
Net operating income:
$1,562 $18,744
Mortgage payments:
-$3,968 -$47,616
Cash flow:
$2,406 $28,872