2408 Montpelier Rd

Punta Gorda, FL 33983
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3 bd, 3 ba | 3,025 sqft | Built in 1986

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List Price
$350,000

Initial Investment

$95,375

Purchase Price

$350,000

Down Payment

25%

Rent

$2,770

Total Return

$301,169

Annualized Return

33.2%

Cap Rate

5.9%

Gross Yield

9.5%

Cash Flow

$307

Appreciation

13.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,598

HOA

$14/mo

Flood Risk

Not Required

Need room for your large or extended family and friends? This 3 bedroom, 2 and half bath pool home is what you have been looking for. Located in the popular deed restricted community of Deep Creek you have an expansive view of beautiful greenbelt. Add a little TLC and your personal touches, and you will have your dream home! There’s plenty of room for family and friends with over 2200 square feet of living space, great room, dining room, family room, and spacious kitchen. This home offers bright and open floor plan with soaring vaulted ceilings with plant shelves to show off your collectibles, and tile in all the main living areas. Kitchen boasts warm wood cabinetry, large wall pantry, casual dining area with another wall pantry, and breakfast bar that opens to the family room for easy entertaining. The generous master suite will be your private retreat with walk in closet, bump out wall for extra living space, and private en suite bath with his and hers sinks, make up vanity, soaking tub, and shower. Lots of room and ample storage with walk in closets in both the master and 2nd bedroom. Dedicated laundry room is equipped with washer & dyer, overhead cabinets, and counter top. Other key features include new roof in 2020, new ridge caps in 2023, new duct work in 2015, storm shutters, and public water and sewer service providing convenience and reliability.
You will spend most of your leisure time relaxing on your screened lanai or lazing in your pool overlooking the park like, private back yard with panoramic view of greenbelt. And half bath has direct access to the pool area. So, no more “puddles” in your home! Nice curb appeal with landscape curbing and decorative rock, mature palms and flowering shrubs, and screened front entry. Deep Creek is a deed restricted community with lakes, canals, and greenbelts throughout the community, park, and playground. And Deep Creek golf course nearby! Proximity to waterways, local beaches, dining, shopping, and golf courses makes this property ideal for the Florida lifestyle. Also, easy access to public parks with bike and walking trails and picnic areas, and boat ramps providing access to many waterways, beautiful Charlotte Harbor, the Peace and Myakka Rivers, and the Gulf of Mexico. And easy access to Interstate 75 with Fort Myers and Naples to the South and Sarasota and Tampa to the North. Quiet community, yet all conveniences and amenities nearby. The possibilities with this home are endless. Great home in a great neighborhood.

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$31,578

Expenses

-$5,943

Property Taxes

-$6,300

Loan Payments

-$19,028

Net Cash Flow

$307

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Robbie Sifrit
Agent License 677747
RE/MAX ANCHOR OF MARINA PARK
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #C7491093
Last Updated: 04/12/2024 16:04
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