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$885,000

For Sale - Active
97 1st St, Bonita Springs, FL 34134
3 Beds
3 Baths
1,521 Square Feet
0.00 Acres Lot
Built in 1968
For Sale - Active
Units n/a
Checked: 3 hours ago
Updated: Jun 13, 2025 at 03:22AM

Investment Summary


Monthly Cash Flow
-$1,068
Cap Rate
4.8%
Cash-on-Cash Return
-6.3%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-2.1%

Property Description


0.00 Acres Lot
Built in 1968
For Sale - Active
Units n/a

Discover a modern coastal style home! Step inside this beautifully upgraded 3-bedroom, 3-bath home and be captivated by its bright and inviting open layout. The interior boasts porcelain plank-style flooring, stunning custom woodwork, elegant ceiling feature, impact-resistant windows, and charming plantation shutters. The kitchen is a chef's paradise, featuring sleek white quartz countertops, high-end Bosch appliances, a cutting-edge stainless steel hood range, white cabinetry equipped with soft-close drawers and a whole house water softening system. Both bathrooms have been tastefully renovated, with the master bath offering a luxurious jetted tub and dual sinks. Need extra storage? You'll find plenty of closet space along with a generous butler’s pantry and coffee bar. Outside, enjoy an expansive home site adorned with lush landscaping and an irrigation system fed by a well. And let’s not forget the pool! Relax in the heated saltwater pool, surrounded by light-colored brick pavers, providing ample space for family gatherings and celebrations. As an added benefit select high-end pool furniture, wood burning stove and a large generator is included. For your convenience, a private outdoor bath with a shower is just steps away. Enjoy your own paradise with a fully fenced yard bordered by tall Calusa bushes, ensuring your privacy. There's plenty of parking with newly installed circular driveway. This exceptional property in Bonita Shores/Collier Co. has been carefully upgraded and maintained. Plus, it includes a “deeded boat ramp right” located just around the corner on 3rd St., available for a small annual fee. Take a leisurely bike ride just a mile to the stunning Barefoot Beach or stroll to a variety of nearby restaurants. High and dry in flood zone X500.

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Location


Property Details


Parking

  • Description: CircularDriveway, Driveway, Guest, Paved, TwoSpaces
  • Details: Circular Driveway, Driveway, Guest, Paved
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 1

Exterior Features

  • Roof Material: Metal
  • Pool: Yes
  • Pool Community: Yes

Land Information

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

Lot Information

  • Parcel ID: 24470680007
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, One Story
  • Year Built: 1968

Tax Information

  • Annual Tax: $3,557

Utilities

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

Location

  • County: Collier

Listing Details


Listed by:
Yahia Lashhab
DomainRealty.com LLC
(239) 292-8927

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225006868
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$1,068
Cap Rate
4.8%
Cash-on-Cash Return
-6.3%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-2.1%

Purchase Details

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Purchase price:
$885,000
Amount financed:
-$708,000
Down payment:
$177,000
Closing costs:
$26,550
Rehab costs:
$0
Initial cash invested:
$203,550
Square feet:
1,521
Cost per square foot:
$582
Monthly rent per square foot:
$3.68

Financing Details

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Loan amount:
$708,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$4,635
Property tax:
$297
Insurance:
$392
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,324

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,600 $67,200
Vacancy loss: (6%)
6% -$336 -$4,032
Operating income:
$5,264 $63,168

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$297-$3,558
Insurance: (7%)
7%-$392-$4,704
Property management: (8%)
8%-$448-$5,376
Repairs & maintenance: (5%)
5%-$280-$3,360
Capital expenditures: (5%)
5%-$280-$3,360
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$1,697-$20,358

Cash Flow


Monthly Yearly
Net operating income:
$3,567 $42,804
Mortgage payments:
-$4,635 -$55,620
Cash flow:
$1,068 $12,816