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$499,000

For Sale - Active
3478 Bravada Way, Naples, FL 34119
3 Beds
2 Baths
1,771 Square Feet
0.00 Acres Lot
Built in 2003
For Sale - Active
1 Units
Checked: 6 hours ago
Updated: Sep 01, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
-$1,481
Cap Rate
2.6%
Cash-on-Cash Return
-15.5%
Debt Coverage Ratio
0.42
Internal Rate of Return (5 years)
-11.0%

Property Description


0.00 Acres Lot
Built in 2003
For Sale - Active
1 Units

Wonderful 3 bedroom, 2 1/2 bath, two car garage (detached), two-story townhouse in guard gated sought after community of Island Walk. The town center concept has a gas station, post office, fitness, pools, restaurants and all the activities you could want. This beautiful home has been updated throughout and is in move-in condition from the new luxury vinyl flooring, plantation shutters, beautiful kitchen with plenty of cabinet space and granite counters, updated tile powder room, huge lanai with plenty of room for lounging in dining, relaxing, peaceful. Detached two car garage plenty of storage… Second floor features three large bedrooms, very generous closet space with organizers, updated baths with accent tile. The highest quality construction was poured concrete foundation and steel reinforcement, central vac, under the cabinet lighting and a wonderfully designed community with lakes and lush landscaping. All this with a wonderful central location just minutes to all the shopping, dining and activities you will want to live the Florida lifestyle to the fullest and your beautiful new home! UPGRADES: HVAC 2023, freshly painted, new LTV flooring, newer garbage disposal and Bosch Dishwasher.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Detached, Garage, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • HOA Fee: $1,502/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 52752010668
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Two Story
  • Year Built: 2003

Tax Information

  • Annual Tax: $4,267

Utilities

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

Location

  • County: Collier

Listing Details


Listed by:
Elina Maranz
Naples Vibe Realty, LLC
(239) 300-7006

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225067781
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$1,481
Cap Rate
2.6%
Cash-on-Cash Return
-15.5%
Debt Coverage Ratio
0.42
Internal Rate of Return (5 years)
-11.0%

Purchase Details

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Purchase price:
$499,000
Amount financed:
-$399,200
Down payment:
$99,800
Closing costs:
$14,970
Rehab costs:
$0
Initial cash invested:
$114,770
Square feet:
1,771
Cost per square foot:
$282
Monthly rent per square foot:
$1.58

Financing Details

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Loan amount:
$399,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,556
Property tax:
$356
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,108

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$356-$4,268
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (18%)
18%-$501-$6,012
Total operating expenses: (56%)
56%-$1,557-$18,680

Cash Flow


Monthly Yearly
Net operating income:
$1,075 $12,900
Mortgage payments:
-$2,556 -$30,672
Cash flow:
$1,481 $17,772