6815 Sandtrap Dr

Fort Myers, FL 33919
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2 bd, 2 ba | 1,023 sqft | Built in 1986

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List Price
$250,000

Initial Investment

$68,125

Purchase Price

$250,000

Down Payment

25%

Rent

$1,850

Total Return

$94,933

Annualized Return

19.6%

Cap Rate

6.2%

Gross Yield

8.9%

Cash Flow

$1,045

Appreciation

6.3%
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Features

Lot Size

8,639

HOA

None

Flood Risk

High Risk - Zone AE

Delightfully updated 2/2 attached villa (condo) at popular Myerlee Gardens. Sold FURNISHED AND TURNKEY!! Condo has been well maintained by the seasonal resident with a flair for woodworking (he even built some of the furniture)! Kitchen features newer stainless appliances and the opening to the living area was enlarged. Master bath feature new glass shower door, granite countertop and tile backsplash. LUXURY Vinyl throughout main living area and kitchen. Guest bath is remodeled with granite countertop. ACCORDIAN Shutters on windows and manual shutters on slider. Peaceful Florida room overlooks a large greenspace. There is a paved patio area too for your grill! Stackable washer/dryer. Condo is responsible for the roof, outside painting, lawn care and irrigation. Includes one covered carport and one guest space. Myerlee is a 55+ community with low Association fee of $415/month. The community has lots of social activities and amenities including a resort style pool and spa , fitness center, a clubhouse with a hobby room and library, shuffleboard, bocce ball, pickleball, and tennis! The Myerlee Country Club and golf course is next door for your enjoyment as well.

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Jennifer Hodson
Vacasa Real Estate
FL Agent License #F3245306
Annual Financial Highlights

Expected Rent

$21,090

Expenses

-$3,754

Property Taxes

-$2,700

Loan Payments

-$13,591

Net Cash Flow

$1,045

See more in Financials

Buyer's Agent

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Listing Courtesy of:Denise Chambre
Keller Williams Realty Fort Myers and the Islands
Certified Agent Brokerage:Jennifer Hodson
Vacasa Real Estate
FL Brokerage License CQ1052101
SourceFlorida Gulf Coast MLS
MLS #223021335
Last Updated: 03/17/2023 14:03
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