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$165,000

For Sale - Active
9540 Green Cypress Ln Apt 11, Fort Myers, FL 33905
2 Beds
2 Baths
988 Square Feet
0.00 Acres Lot
Built in 1989
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Aug 19, 2025 at 10:21AM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$236
Cap Rate
7.9%
Cash-on-Cash Return
7.5%
Debt Coverage Ratio
1.28
Internal Rate of Return (5 years)
11.3%

Property Description


0.00 Acres Lot
Built in 1989
For Sale - Active
Units n/a

Welcome to this stunning residence located at 9540 Green Cypress Ln #11 in the desirable Pine Ridge of Fort Myers Village. This beautifully maintained home offers a perfect blend of comfort and style, featuring spacious living areas filled with natural light. The open floor plan includes a modern kitchen with updated appliances, generous countertops, and ample storage, ideal for family living and entertaining. Step outside to a private outdoor space, perfect for relaxing or hosting gatherings. The community offers fantastic amenities such as swimming pools, fitness centers, and recreational areas, all within a lush, well-maintained setting. Conveniently situated near shopping, dining, parks, and excellent schools, this residence provides both tranquility and convenience. • New AC unit July of 2023, • New Refrigerator Fall of 2024 • UV Air Purifier installed in the AC unit Fall of 2024 Don’t miss your chance to own this fantastic home in a vibrant and friendly community. Schedule your private showing today!

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Location


Property Details


Parking

  • Description: Deeded, Paved
  • 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 Stories: 3

Exterior Features

  • Roof Material: Shingle
  • Pool: Yes
  • Pool Community: Yes

Land Information

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

Lot Information

  • Parcel ID: 0344250900204.0C20
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Multi Level, Other, See Remarks, Low Rise
  • Year Built: 1989

Tax Information

  • Annual Tax: $1,935

Utilities

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

Location

  • County: Lee

Listing Details


Listed by:
Jeff Cherrie
Starlink Realty, Inc
(303) 249-9760

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 2025002928
Florida Gulf Coast Multiple Listing Service

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$236
Cap Rate
7.9%
Cash-on-Cash Return
7.5%
Debt Coverage Ratio
1.28
Internal Rate of Return (5 years)
11.3%

Purchase Details

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Purchase price:
$165,000
Amount financed:
-$132,000
Down payment:
$33,000
Closing costs:
$4,950
Rehab costs:
$0
Initial cash invested:
$37,950
Square feet:
988
Cost per square foot:
$167
Monthly rent per square foot:
$1.82

Financing Details

Find a Lender

Loan amount:
$132,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$845
Property tax:
$161
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,132

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$161-$1,935
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$611-$7,335

Cash Flow


Monthly Yearly
Net operating income:
$1,081 $12,972
Mortgage payments:
-$845 -$10,140
Cash flow:
$236 $2,832