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Eagle Ridge Dr Unit 526
Fort Myers, Florida - 3 Bedroom / 2 Bathroom / 1369 SQFT / Condo
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        All Cash Leverage (1) Leverage (2)
    Purchase Price (V) $
    Annual Income $
    Annual Expenses
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    Taxes $
    Insurance $
    Management $
    $
    Net Operating Income (NOI) $
    Cap Rate  
    Primary Financing        
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    Loan Amount   -OR- $
    Loan Amount Used (L) $
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    Interest Rate   %
    Term (years)    
    Periods Per Year    
    Monthly Payments    
    Annual Payments $
    Loan Constant    
    Leverage Ratio (V/E)  
    Cash Invested Out Of Pocket (E) $
    Cash Flow (Before Taxes) $
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    Wholesale Price:
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    91900
    Est. Replacement 128150
    Price / SQFT
    $67
    Est. Replacement /SQFT 110
      Monthly Annually
    Est. Rental Income 895 10740
    Property Taxes 83 996
    HOA Fees 347 4164
    Hazard Insurance Included in HOA 0 0
    Management Fee 72 864
    Cash Flow 393 4716
    Est. Net Yield
    5%
    Built in 1991 of poured concrete construction this development is an A class property located on the busiest thoroughfare of Fort Myers, Florida, which is the main economic city that supports Florida's Gulf Coast. Due to its increasing population and employment, Fort Myers is the third fastest growing rental market in nation. With this prime location, residents are within a couple of miles from Luxury Shopping at the Bell Tower Mall with shops including Saks Fifth Avenue, Fresh Market Grocery, Bell Tower 20 screen cinema, Ann Taylor, Banana Republic, William Sonoma, The Gap and a large mix of up market and casual restaurants. Additionally, this development is within 5 minutes to South West Floridas brand new international airport and lies within a one-mile radius of the Gulf Coast Memorial Hospital and 5 Championship Golf and Country Clubs. (Legends Country Club, Fiddlesticks Country Club, Eagle Ridge Golf Club, Cross Creek Country Club, and Olde Hickory Country Club). The property boasts 2 resort-style pools with whirlpool spas, an expansive clubhouse, 2 lighted tennis courts, fitness center, car care center and picnic area complete with BBQ grills.

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