Duplex investment in Bonita Springs FL 7% Cap Rate

[Daniel Ilie]

ATTENTION ALL INVESTORS:

Price: $479,900 . This beautiful Duplex in a prime location in Bonita Springs just 5 miles from the beach, rents with $1,900 on one side and $1,800 on the other side. Roof 2016, A/C 2018 and 2019. Excellent condition. The duplex has 2 units each with 1 car garage, 2 bedrooms, 2 bathrooms and 2 dens and they are ultra upgraded.

This investment property you have 2 options.

1. Buy it cash:

Purchase price $479,900 ; Gross: $44,400; Expenses (insurance, tax, lawn Maintenance) $10,322; NET: $34,077; This will bring 7% ROI; Last time I checked 7% CAP Rate is GREAT!!!

2. Buy it with a conventional loan (if credit is good you can get 3.25% interest rate)

Purchase price $479,900; Down Payment plus closing cost: around $103,000; Mortgage payment plus escrow and expenses around $2,525/month = $30,300 / year; Gross: $44,400 / year ==> $14,100/ year profit ==> Cash On Cash Profit 13.6% a year!!!!

This numbers are for informational purposes only. They differ from person to person that is why everyone needs to do their own due diligence.

Please contact me, will not last long! (239) 249-0063