30 photos
Prospect analysisArchived
2405 SW 11th Ave
Asking$999,000
Cape Coral · Cape Coral, FL · 3 bd · 3 ba · 2,775 sq ft · Built 2019
Underwritten as a short-term rental
Turnkey 3-bedroom, 3-bath waterfront home in Cape Coral purpose-built for high-performing short-term rental operations.
This 2019-built, fully furnished property offers immediate STR income potential with premium finishes, a large pool, and robust mechanical systems. High-confidence underwriting metrics indicate strong projected cash flow, though performance is sensitive to occupancy and nightly rate assumptions.
Est. ADR
$675
Est. occupancy
68%
Gross rev / mo
$13,961
Cash-on-cash
32.9%
Airfolio market estimates · 20% down · detail in the underwriting panel.
Investment thesis
This property is positioned as a luxury, turnkey short-term rental investment in a desirable Cape Coral location, appealing to investors seeking immediate revenue generation and minimal upfront work. The modern construction, high-end amenities, and resort-style outdoor space are tailored to attract premium STR guests. High-confidence underwriting projects strong cash flow and a compelling cash-on-cash return, assuming continued demand and stable occupancy. The primary caveat is that returns are highly sensitive to occupancy and ADR, and ongoing STR regulatory compliance should be confirmed during diligence.
Highlights
- 3 bedrooms, 3 bathrooms, 2,775 sqft built in 2019
- Fully furnished and turnkey for STR operations
- 40-foot heated saltwater pool and outdoor summer kitchen/bar
- Whole-house solar system with 16kw backup generator
- Full impact windows/doors, metal roof, and spray foam insulation
- Located on a large 0.34-acre triple lot along a freshwater canal
- High-end finishes including 15-foot ceilings and custom cabinetry
- Listed at $999,000 with high-confidence STR income projections
Risks
STR permitting: verify local ordinance and zoning allow short-term rental at this address before offering. Not verified.
STR regulations and licensing requirements should be verified for Cape Coral
Returns are sensitive to occupancy and ADR assumptions; market competition may impact performance
Luxury price point narrows the buyer pool for future resale
Ongoing management and turnover logistics may require professional oversight
Seasonal demand fluctuations typical of Florida vacation markets
Market
Cape Coral, FL is a well-established vacation rental market, particularly for waterfront homes with resort-style amenities. This property’s modern construction and premium features position it at the higher end of the STR segment, targeting guests seeking luxury accommodations. The market supports strong nightly rates, but performance is contingent on maintaining high occupancy and guest satisfaction. High-confidence underwriting metrics support the income potential, but investors should remain aware of evolving STR regulations and local competition.
Neighborhood
The property is situated in a desirable, non-flood zone area of Cape Coral, north of Veterans Pkwy, with proximity to golf, dining, and shopping. The residential character and waterfront setting enhance guest appeal, especially for families and groups seeking privacy and amenities. While detailed location-specific demand signals are limited, the combination of lot size, canal frontage, and upscale finishes suggests above-average guest demand at a moderate-to-high confidence level.
Underwriting notes
At a $999,000 purchase price, underwriting projects a monthly expected income of $13,961 and cash flow of $5,472, with a 32.9% expected cash-on-cash return based on a 68% occupancy rate and $675 ADR. Operating expenses are estimated at 25% of income, with a 20% down payment and 6.4% interest rate assumed. These high-confidence figures indicate strong income potential, but returns are highly sensitive to occupancy and nightly rate performance. Investors should confirm STR regulations and validate demand assumptions during diligence.
Sign up free to adjust these assumptions and save your own underwriting.