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$899,000

Beds
4
Baths
2.0
sq ft
2,173

26951 N Riverside Dr, Bonita Springs, FL 34135

26951 N Riverside Dr

BONITA SPRINGS, FL 34135

  • 371 days on market
    • Price drop $80,000↓
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.

Details

Property type

Ranch

Est. home value

$875,653

Property condition

New Construction

Lot size

9,814 sq ft

Price per sq ft

$414

Year built

2022

Annual property taxes

$488.58

Price History

09/17/2024
NABOR

NABOR #223070657

Price change
$899,000
-8.17%
06/03/2024
NABOR

NABOR #223070657

Price change
$979,000
-2.09%
09/29/2023
NABOR

NABOR #223070657

Listed
$999,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Number of units in community: 

1

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

New American Funding

Loan start date

March 2023

Original loan amount

$637,500

Est. remaining balance

$625,630

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Bernardo Rolando Reyes

Lender

New American Funding

Loan start date

March 2023

Original loan amount

$637,500

Est. remaining balance

$625,630

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Bernardo Rolando Reyes

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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House

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Status: Active

Tomo last checked: 10/04/2024 at 9:30 PM

Listing updated: 09/23/2024 at 4:59 PM

Listed by: Magdevys Rodriguez, PA, Coldwell Banker Realty Phone #: (239) 263-3300

MLS: NABOR #223070657

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