8461 Judeth Lane
About This Property
The kitchen has newly installed wood shaker cabinets, white quartz counter tops, and stainless steel appliances. The bathroom has also been remodeled and all plumbing in the house is Pex plumbing. The laundry room has a brand new, never used washer and dryer.
The fenced in yard has large, beautiful oak trees and is a great place to relax, especially during the cooler months. The shed in the back is on a concrete pad. Since the yard is expansive, it can easily accommodate a RV or boat on the side. No HOA. The home has also never flooded.
The property is the third lot from the future Estero Rail Trail and is in walking distance to activities such as the Estero River Outfitters where you can rent a kayak or paddle board and explore the Estero River. The house is 10 minutes from Coconut Point, Lee Health Hospital, I-75, and 15 minutes from RSW International Airport, and FGCU. The property is also located in the South zone for Lee County Schools and is located in close proximity to several A+ schools.
Great opportunity to live in the heart of Estero and feel secluded but also nearby. A/C age is from 2016.
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What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 16, 2024 | Sold | ||
| Sold | |||
| Nov 16, 2024 | In contract | - | |
| In contract | |||
| Nov 12, 2024 | Relisted | $325,000 | |
| Relisted | |||
| Nov 12, 2024 | Price Decreased |
$319,000
↓ $6K
(1.9%) | |
| Price Decreased | |||
| Nov 10, 2024 | In contract | - | |
| In contract | |||
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About Estero
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017