NOT IN A FLOOD ZONE! Enjoy the best of Southwest Florida living in
this inviting 2-bedroom, 2-bathroom villa with a 2-car garage,
located in the desirable Devonshire Lakes community within Gateway.
Ideal as a seasonal retreat or year-round residence, this home
features a spacious open-concept great room design, abundant
natural light, and comfortable indoor-outdoor living. The generous
kitchen offers quartz countertops, a breakfast nook, and reverse
osmosis drinking water filtration system. Both bathrooms also
feature quartz countertops. Enjoy morning coffee on the welcoming
front entry lanai or relax and entertain on the spacious screened
rear lanai. Notable improvements include new exterior paint (2026)
a brand-new driveway (2026), new garage door (2025), a leaf gutter
protection system with a lifetime warranty, and a kitchen reverse
osmosis filtration system with a lifetime warranty. Devonshire
Lakes offers a community pool, along with HOA-provided lawn care
and irrigation, making it an appealing choice for those seeking a
low-maintenance Florida lifestyle. Residents also enjoy the
amenities and conveniences of the larger Gateway community,
including the anticipated Gateway Commons Center, scheduled to open
in 2027. Conveniently located just minutes from Southwest Florida
International Airport (RSW), I-75, JetBlue Park at Fenway South,
shopping, dining, and everyday essentials, this villa offers an
attractive combination of comfort, convenience, and easy Florida
living.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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