3215 Cedarbrook Dr

Punta Gorda, FL 33982
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1 bd, 1 ba | 755 sqft | Built in 1948

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List Price
$259,000

Initial Investment

$70,578

Purchase Price

$259,000

Down Payment

25%

Rent

$1,600

Total Return

$151,000

Annualized Return

24.6%

Cap Rate

4.4%

Gross Yield

7.4%

Cash Flow

-$3,389

Appreciation

10.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,000

HOA

None

Flood Risk

Not Required

PUNTA GORDA - SAN SOUCI – WONDERFUL UPDATED COTTAGE IN A PEACEFUL PARK-LIKE SETTING WITH IMMEDIATE WATER ACCESS FROM THE OFFSITE BOAT RAMP AND NO HOA. HEAD TO THE PEACE RIVER AND CHARLOTTE HARBOR VIA THE BEAUTIFUL AND PEACEFUL SHELL CREEK! SHELL CREEK IS WONDERFUL FOR BOATING, FISHING & KAYAKING! THIS ONE BEDROOM, ONE BATH HOME IS ON A CORNER LOT AND HAS BEEN TOTALLY RENOVATED INSIDE AND OUT MAKING IT LIKE A BRAND NEW HOME! THE KITCHEN AND LIVING AREAS HAVE BEEN THOUGHTFLLY AND TASTEFULLY UPDATED AND INCLUDE STAINLESS STEEL APPLIANCES, BUTCHER BLOCK COUNTER TOPS BREAKFAST BAR AND NEW WOOD FLOORS. THERE IS A STACKED WASHER AND DRYER OFF THE BEDROOM. THE BATH HAS A TUB AND SHOWER COMBINATION AND A SINGLE VANITY WITH A BUTCHER BLOCK STYLE COUNTER TOO. THE HOME HAS TWO GREAT PATIOS. ONE IN THE FRONT OF THE HOUSE WITH SCREENS TO PROTECT FROM INSECTS BUT STILL ALLOWING IN THE WARM FLORIDA BREEZES. THE SECOND PATIO OR ENCLOSED PORCH IS IN THE BACK OF THE HOME GIVING YOU ADDITIONAL COVERED AND ENCLOSED SPACE TO USE AS A SECOND BEDROOM, A DEN OR WHATEVER SUITS YOU. BOTH SPACES ARE A GREAT PLACE FOR MEALS, ENTERTAINING, AND WAVING TO NEIGHBORS IN THIS FRIENDLY NEIGHBORHOOD. THERE IS A DETACHED GARAGE BUILT IN 2020 FOR ALL YOUR STORAGE NEEDS AND IS COMPLETE INSIDE AND OUT WITH A METAL ROOF, 100AMP SERVICE, AC UNIT AND A LEAN-TO FOR ADDITIONAL STORAGE AS WELL. THE HOME ALSO HAS A NEW METAL ROOF, NEW ELECTRICAL WIRING, WATER AND WASTE LINES, NEW WINDOWS WITH HURRICANE PROTECTION FOR ALL WINDOWS. THE COMMUNITY BOAT DOCK IS JUST AT THE END OF THE STREET TOWARD SHELL CREEK AND ALLOWS YOU TO PUT YOUR BOAT OR KAYAK IN ANYTIME. LOTS OF WILDLIFE TO ENTERTAIN YOU TOO! COME AND EXPERIENCE THIS SERENE COTTAGE TODAY!

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

Annual Financial Highlights

Expected Rent

$18,240

Expenses

-$3,898

Property Taxes

-$3,650

Loan Payments

-$14,081

Net Cash Flow

-$3,389

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:Tabytha Reck
Agent License 3534805
KELLER WILLIAMS ISLAND LIFE REAL ESTATE
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #C7490774
Last Updated: 04/06/2024 10:04
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