122 NW 13th St, Cape Coral, FL. 33993

Great starter or investment home in NW Cape Coral priced below replacement cost.

South exposure and large which was extended and you can bring your jacuzzi or grill or use as a sun deck

This is a must see

Location near Santa Barbara Blvd N just North of Pine Island Road. House features 3 bedroom, 2 bath and a 2 car garage. Extra large master bedroom w/walk in closet. Eat in Kitchen with breakfast bar. Screened in lanai.
Quick and easy access to schools, shopping, restaurants and entertainment.
Close to High Tech Vo Tech. Utilities are Private Well and Septic System.

SIMILAR / ASSET SOLD AT PEAK:
$220,000-$250,000

YEAR BUILT:                                      2004

SIZE-SQFT UNDER AIR:               1258

Lot-Size                                               10,000 Sq Ft,   80 foot frontage, 125 foot deep

BEDS:                                                     3            BATHS:          2

PARKING:                                            Attached two car garage with auto. Door opener

PURCHASE PRICE:                         $85,000

PRICE PER SQFT UNDER AIR:  $67.50   

REPLACEMENT COST:                  $155,000

TAX (YEAR):                                       $1,334 (2010)

INSURANCE:                                     $612

MANAGEMENT FEE:                      $588 (7%)

TOTAL ANNUAL EXPENSES:      $2,534

RENT (MONTHY):                             $700

ESTIMATED ANNUAL RENT:      $8,400

EST. ANNUAL NET INCOME:      $5,866

EST.  NET YIELD CAP RATE:       6.9%  (without management fee: 7.6%)

*This is based off of current market conditions and DPR does not guarantee specific returns.*