26961 Riverside DR, Bonita Springs, FL, 34135 | $899,000

This Compound property for sale is an excellent rental investment opportunity with a high CAP RATE OF OVER 10% INCLUDING 2 Homes with pool/spa. Located in close proximity to Bonita Beach in Florida, it offers the perfect combination of a desirable location and attractive rental potential. The main house features 4 bedrooms, providing ample space for residents or vacationers. Additionally, there is a refreshing pool, allowing tenants to relax and enjoy the Florida sunshine. In addition to the main house, there is a fully equipped guest house with 2 bedrooms. This offers the flexibility to accommodate larger groups or provide separate living quarters for guests. One of the standout features of this property is that it is a brand new build. This means that everything is fresh and modern, providing a comfortable and appealing living environment for tenants. With its close proximity to Bonita Beach, tenants will have easy access to beautiful sandy shores, stunning sunsets, and a range of recreational activities. This location is highly sought after, making it a desirable destination for renters. Considering the potential rental income from both the main house and guest house, along with the low operating expenses, the estimated cap rate for this property exceeds 10%. This indicates a strong return on investment, making it an attractive opportunity for investors. Overall, this property offers a combination of a prime location, spacious living accommodations, and a new build status, making it an ideal choice for anyone seeking a rental investment property with a high cap rate near Bonita Beach in Florida. Cash Cow Compound here! This opportunity would be an absolute beast turnkey furnished and AirBNB'd without the ever so common HOA restrictions, NO RENTAL RESTRICTIONS.

Features

  • Amenities: None
  • Bedrooms: 4
  • Baths: 2 full
  • Style: 1 Story/Ranch
  • Development: ROSEMARY PARK
  • Year Built: 2022
  • Garage: 1-car Attached
  • Heating: Central Electric
  • Cooling: Central Electric
  • Approx Sq. Feet: 2,170
  • Acreage: 0.23
  • Est. Taxes: $489
  • Lot Desc: Regular
  • View: Wooded Area
  • Community Type: Non-Gated
  • Water Front: Yes
  • Private Pool: Yes
  • Pet Policy: No Approval Needed
  • MLS#: 223070666
  • Website: https://www.raveis.com
    /eprop/223070666/26961riversidedr_bonitasprings_fl?source=qrflyer
Copyright © 2024  The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright Southwest Florida MLS organizations. All rights reserved.
Courtesy of COLDWELL BANKER REALTY

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NMLS Mortgage Loan Originator ID 16953

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26961 Riverside DR, Bonita Springs, FL, 34135

$899,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $719,200 $719,200 $719,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.343% 6.864% 6.725%
Monthly Tax Payment $41 $41 $41
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,605 $4,665 $6,265
Total Monthly Payment $4,738 $4,798 $6,398

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.