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$724,900

Sold
4001 Gulf Shore Blvd N Apt 904, Naples, FL 34103
2 Beds
2 Baths
1,274 Square Feet
0.00 Acres Lot
Built in 1974
Sold
Units n/a
Checked: 17 hours ago
Updated: Jul 18, 2025 at 02:46AM

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
$760
Cap Rate
7.4%
Cash-on-Cash Return
5.5%
Debt Coverage Ratio
1.20
Internal Rate of Return (5 years)
9.3%

Property Description


0.00 Acres Lot
Built in 1974
Sold
Units n/a

Capture the Naples Lifestyle in this 2/2 9th Floor condo overlooking the white sand beaches, swaying palm trees and the Gulf of Mexico. SURFSEDGE residents enjoy state of the art and completely renovated amenities including a luxuriously appointed "coastal contemporary" community room with adjacent terrace, new gas grills, top notch fitness equipment and as one of the closest proximity buildings on the beach you will appreciate the easy of enjoying endless hours of both "Beach & Pool", "Sun & Fun"! Park Shores unique boardwalk stretches nearly 1 1/2 miles on top of the berm offered exclusively to its residents to walk, run or merely relax on one of the numerous park benches watching the waves roll in...An easy stroll up the Boulevard enjoy award winning dining and shopping at Venetian Village on the Bay.

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Location


Property Details


Parking

  • Description: Assigned, Attached, Garage, Guest, OneSpace
  • Details: Assigned, Driveway, Guest, Paved, Detached Carport
  • 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 Rooms: 4
  • # of Stories: 15

Exterior Features

  • Roof Material: Built-Up, Flat
  • Pool Community: Yes

Land Information

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

Lot Information

  • Parcel ID: 20185001548
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Other, High Rise
  • Year Built: 1974

Tax Information

  • Annual Tax: $4,282

Utilities

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

Location

  • County: Collier

Listing Details


Listed by:
Monica Frengel Walsh
Downing Frye Realty Inc.
(239) 641-9900

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 215019365
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
$760
Cap Rate
7.4%
Cash-on-Cash Return
5.5%
Debt Coverage Ratio
1.20
Internal Rate of Return (5 years)
9.3%

Purchase Details

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Purchase price:
$724,900
Amount financed:
-$579,920
Down payment:
$144,980
Closing costs:
$21,747
Rehab costs:
$0
Initial cash invested:
$166,727
Square feet:
1,274
Cost per square foot:
$569
Monthly rent per square foot:
$5.49

Financing Details

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Loan amount:
$579,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,713
Property tax:
$357
Insurance:
$490
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,560

Operating Income

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% Rent Monthly Yearly
Gross rent:
$7,000 $84,000
Vacancy loss: (6%)
6% -$420 -$5,040
Operating income:
$6,580 $78,960

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$357-$4,282
Insurance: (7%)
7%-$490-$5,880
Property management: (8%)
8%-$560-$6,720
Repairs & maintenance: (5%)
5%-$350-$4,200
Capital expenditures: (5%)
5%-$350-$4,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$2,107-$25,282

Cash Flow


Monthly Yearly
Net operating income:
$4,473 $53,676
Mortgage payments:
-$3,713 -$44,556
Cash flow:
$760 $9,120