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$550,000

For Sale - Active
9834 Pennsylvania Ave, Bonita Springs, FL 34135
3 Beds
2 Baths
1,746 Square Feet
0.00 Acres Lot
Built in 1992
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: Jun 18, 2025 at 03:20AM

Investment Summary


Monthly Cash Flow
-$352
Cap Rate
5.5%
Cash-on-Cash Return
-3.3%
Debt Coverage Ratio
0.88
Internal Rate of Return (5 years)
0.8%

Property Description


0.00 Acres Lot
Built in 1992
For Sale - Active
Units n/a

Price Reduced to SELL! Please bring us an offer on this beautifully maintained 3-bedroom, 2-bathroom pool home, featuring a bright and open sunrroom, and perfectly situated in a prime Bonita Springs location. Just minutes to Downtown Bonita, Riverside Park, the new Sugarshack music venue, and Rooftop at Riverside food truck park, this home offers an unmatched lifestyle. Plus only 4 miles to Bonita Beach, with convenient access to I-75, RSW Airport, and countless other attractions, this is a location that truly has it all! The thoughtfully designed kitchen features custom cabinetry, pull-out shelving, and a sunny breakfast nook, perfect for casual dining. The spacious master suite includes mirrored doors leading to an oversized dream closet that doubles as a dressing room, a master bath with a large walk-in shower, and a second walk-in closet for even more storage. The open floor plan flows effortlessly into the outdoor space, creating an inviting atmosphere ideal for both relaxing evenings and entertaining. Your private backyard oasis boasts a large heated pool with a travertine-paved deck, a fully fenced yard for pets and play, and a backyard shed for convenient storage. The oversized lot and extended driveway provide ample parking, with plenty of room to store your boat & toys – all with NO HOA fees or restrictions. Oversized 2 car garage also has a mini-split A/C. Situated two blocks from the Imperial River on a high-and-dry lot with NO past flood damage, this home offers peace of mind along with its many comforts. New A/C in 2020, Roof in 2018. With its prime location, thoughtful design, and charming features, this home is ready for you to enjoy the best of Bonita Springs living!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Hip
  • Roof Material: Shingle
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 344725B302000.0070
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, One Story
  • Year Built: 1992

Tax Information

  • Annual Tax: $1,956

Utilities

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

Location

  • County: Lee

Listing Details


Listed by:
Tracy Guillot
Realty One Group MVP
(239) 292-1499

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225009971
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$352
Cap Rate
5.5%
Cash-on-Cash Return
-3.3%
Debt Coverage Ratio
0.88
Internal Rate of Return (5 years)
0.8%

Purchase Details

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Purchase price:
$550,000
Amount financed:
-$440,000
Down payment:
$110,000
Closing costs:
$16,500
Rehab costs:
$0
Initial cash invested:
$126,500
Square feet:
1,746
Cost per square foot:
$315
Monthly rent per square foot:
$2.23

Financing Details

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Loan amount:
$440,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,880
Property tax:
$163
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,316

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$163-$1,956
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (29%)
29%-$1,138-$13,656

Cash Flow


Monthly Yearly
Net operating income:
$2,528 $30,336
Mortgage payments:
-$2,880 -$34,560
Cash flow:
$352 $4,224