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$310,000

For Sale - Active
2000 Bal Harbor Blvd Unit 1-111, Punta Gorda, FL 33950
3 Beds
2 Baths
1,517 Square Feet
0.04 Acres Lot
Built in 2002
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 24, 2025 at 03:15AM

Investment Summary


Monthly Cash Flow
-$1,047
Cap Rate
2.1%
Cash-on-Cash Return
-17.6%
Debt Coverage Ratio
0.34
Internal Rate of Return (5 years)
-13.0%

Property Description


0.04 Acres Lot
Built in 2002
For Sale - Active
Units n/a

Charming 3-Bedroom Condo in Punta Gorda Isles! Welcome to this bright and spacious 1st Floor Condo in the Heart of Punta Gorda Isles! With an Open floor plan, This 3-bedroom, 2-bath layout is designed for both Comfort and Privacy. The 2 Guest bedrooms are located at the front, while the Owner’s suite is tucked away in the back, featuring Lanai access and Peaceful views of the Private Courtyard! Enjoy the convenience of Walk-in closets, In-unit washer and dryer, and a well-appointed kitchen perfect for entertaining. Step outside to the Heated Community Pool and Spa or take a short stroll to nearby restaurants and shops. Plus, the community offers a Grilling area—perfect for outdoor gatherings. This Condo Blends Location and Lifestyle in one of Punta Gorda’s Most Desirable Neighborhoods. Don’t miss out—Schedule Your Showing Today!

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Location


Property Details


Parking

  • Description: Garage
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 9
  • # of Stories: 2

Exterior Features

  • Foundation: Slab
  • Roof Material: Metal

HOA

  • Has HOA: Yes
  • Association: Star Hospitality Management
  • HOA Fee: $650/monthly

Land Information

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

Lot Information

  • Parcel ID: 412213701038
  • Lot Size: 1642 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2002

Tax Information

  • Annual Tax: $2,266

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Charlotte

Listing Details


Listed by:
Monica Vallee
FIVE STAR REALTY OF CHARLOTTE
(941) 457-4571

Source:
Stellar MLS
MLS#: C7504763
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,047
Cap Rate
2.1%
Cash-on-Cash Return
-17.6%
Debt Coverage Ratio
0.34
Internal Rate of Return (5 years)
-13.0%

Purchase Details

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Purchase price:
$310,000
Amount financed:
-$248,000
Down payment:
$62,000
Closing costs:
$9,300
Rehab costs:
$0
Initial cash invested:
$71,300
Square feet:
1,517
Cost per square foot:
$204
Monthly rent per square foot:
$1.32

Financing Details

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Loan amount:
$248,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,588
Property tax:
$189
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,917

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$189-$2,267
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (33%)
33%-$650-$7,800
Total operating expenses: (67%)
67%-$1,339-$16,067

Cash Flow


Monthly Yearly
Net operating income:
$541 $6,492
Mortgage payments:
-$1,588 -$19,056
Cash flow:
$1,047 $12,564