All Forum Posts by: Terry Garza
Terry Garza has started 1 posts and replied 7 times.
Post: Cape Coral New Construction
- Investor
- Fort Myers, FL
- Posts 9
- Votes 4
Quote from @Terry Garza:
Quote from @Stetson Miller:
@Matt Allen Depending on the location of your new build, the city website has a map that shows you exact timeframes for the city utility conversion so you can double check what you're being told
Insurance costs, even including flood insurance sometimes, can be very reasonable. For a new construction property, again depending on the exact size and location, you could likely expect insurance rates to fall in the $1,400-1,600 per month range with it being a long term rental
Stetson: insurance 1400-1600 per month?
Post: Cape Coral New Construction
- Investor
- Fort Myers, FL
- Posts 9
- Votes 4
Quote from @Stetson Miller:
@Matt Allen Depending on the location of your new build, the city website has a map that shows you exact timeframes for the city utility conversion so you can double check what you're being told
Insurance costs, even including flood insurance sometimes, can be very reasonable. For a new construction property, again depending on the exact size and location, you could likely expect insurance rates to fall in the $1,400-1,600 per month range with it being a long term rental
Post: To Airbnb or Not to Airbnb
- Investor
- Fort Myers, FL
- Posts 9
- Votes 4
Hi Terri: May i ask how you are able to be located in a no flood zone at the south west end of the Cape? I thought most of the Cape is in a flood zone. Is it your property elevation? Thank you kindly.
Post: Cape Coral -New B2R-Rent to Retirement
- Investor
- Fort Myers, FL
- Posts 9
- Votes 4
I believe the cost can be closer to 20k and the city charges 5% interest.
Post: Cape Coral -New B2R-Rent to Retirement
- Investor
- Fort Myers, FL
- Posts 9
- Votes 4
@Patrick Bavaro: Just curious, are you a R2R promoter? My active topic inbox is filling-up with your template replies.
Post: Newbie, with some rentals, looking to expand
- Investor
- Fort Myers, FL
- Posts 9
- Votes 4
I'm also considering new construction in Cape Coral but a little hesitant due to high assessment costs and the well water issues they are experiencing. See below (...wells running dry in Cape Coral is a problem typically seen the dry season)
https://www.winknews.com/2021/...
Post: Cape Coral Rental Market Saturated?
- Investor
- Fort Myers, FL
- Posts 9
- Votes 4
Hello all -
I'm considering doing a luxury house hack in Cape Coral to get started in that area. I'm looking at new duplex construction homes that run in the range of 315K - 400k (some on the canal). Looking at the rental sites, it concerns me the number of rentals listed and the length of time with no bites.
I wonder if the rental market in the Cape has been tapped out. Currently the rents run about $1200 - $1400 for a newer duplex.
North Cape still has a lot of room for growth.
I appreciate your thoughts.