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$316,000

For Sale - Active
132 Belina Dr Unit 204, Naples, FL 34104
2 Beds
2 Baths
1,200 Square Feet
0.00 Acres Lot
Built in 1991
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 16, 2025 at 08:33AM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$290
Cap Rate
5.0%
Cash-on-Cash Return
-4.8%
Debt Coverage Ratio
0.82
Internal Rate of Return (5 years)
-0.6%

Property Description


0.00 Acres Lot
Built in 1991
For Sale - Active
Units n/a

MUST SEE THIS AMAZING 2/BR/2BA SECOND FLOOR UNIT WITH 1200 SQ.FT. AND A GREAT LAKE VIEW! This unit includes many updates such as interior painted recently, new A/C, new laminate and tile floors, new dryer, appliances still have existing warranty. There is covered parking for your vehicle and additional parking for guests. Sapphire Lakes has (4) pools, several tennis courts, a bocce ball court and pickle ball. The community is gated and conveniently located near Rt 75. for quick access to the airport, is close to beaches and premiere restaurant.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Roof Material: Tile
  • Pool Community: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 21970000326
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Two Story, Traditional, Low Rise
  • Year Built: 1991

Tax Information

  • Annual Tax: $2,271

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Location

  • County: Collier

Listing Details


Listed by:
Carlos Leon
A Plus Realty
(239) 595-8887

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 224098660
Florida Gulf Coast Multiple Listing Service

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$290
Cap Rate
5.0%
Cash-on-Cash Return
-4.8%
Debt Coverage Ratio
0.82
Internal Rate of Return (5 years)
-0.6%

Purchase Details

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Purchase price:
$316,000
Amount financed:
-$252,800
Down payment:
$63,200
Closing costs:
$9,480
Rehab costs:
$0
Initial cash invested:
$72,680
Square feet:
1,200
Cost per square foot:
$263
Monthly rent per square foot:
$1.83

Financing Details

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Loan amount:
$252,800
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,619
Property tax:
$189
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,962

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$189-$2,272
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$739-$8,872

Cash Flow


Monthly Yearly
Net operating income:
$1,329 $15,948
Mortgage payments:
-$1,619 -$19,428
Cash flow:
$290 $3,480