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Updated almost 5 years ago,
Rental income for a new single family house in Cape Coral
My wife and me are considering to build a new single family house in Cape Coral. For the first 10 years we would see it as an investment and want to rent it based on long-term contracts. After that we might switch to vacation rentals to have the option to use the house on ourselves.
To figure out if our financial plan is well set up we have to find out which rental incomes (long-term) are realistic. We investigated already several websites like Zillow but we like to have a more detailed estimate. That's why I am posting here. We will also get an estimate from a realtor we are in touch with but other opinions could possibly improve it.
It would be very helpful for us to get an estimate for the following parameters:
location: either a dry lot south of Cape Coral Pkwy West or a waterfront lot (salt or fresh) further north but south of Veterans Pkwy, budget for the lot about $ 50k
house with 1750 sqft, 3 bed, 2 bath, double or triple garage
upscale outfit, but not luxurious
pool with extended lanai
paved driveway/walkway
well designed bathrooms with tile floors
upscale flooring
granite countertops, wood cabinets
pool and lawn service included
stainless steel appliances in the kitchen
dryer, washer included
maybe tray ceilings
automated garage doors
impact windows
Thanks for your replys!