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$2,595,000

Sale Pending
7573 Cordoba Cir, Naples, FL 34109
3 Beds
3 Baths
3,157 Square Feet
0.00 Acres Lot
Built in 1990
Sale Pending
Units n/a
Checked: 20 hours ago
Updated: Oct 03, 2025 at 10:06AM

Investment Summary


Monthly Cash Flow
-$9,038
Cap Rate
2.0%
Cash-on-Cash Return
-18.2%
Debt Coverage Ratio
0.32
Internal Rate of Return (5 years)
-13.6%

Property Description


0.00 Acres Lot
Built in 1990
Sale Pending
Units n/a

Coastal modern describes this spectacular total renovation in Monterey. This fabulous lakefront pool home offers soothing lake views with charming setting and is perched at the end of a quiet U-shaped street. Stunning architecture greets you with dramatic soaring 20 ft beamed ceilings and a huge bank of windows in the massive great room. The full renovation is fantastic, complete with gorgeous redesigned kitchen with massive center island and bar with dual zone wine refrigerator, white oak floors throughout, new impact windows and sliders, sleek new front doors, new pavered driveway and patio, new pool and spa, solid core 8ft shaker doors and new casings, baseboards and window wood trim throughout, newly repiped plumbing, new electrical box and electric throughout, new irrigation system, new AC ductwork, oversized laundry, luxurious owner’s suite complete with massive state-of-the-art bathroom, and signature dressing room loaded with space. Other superb finish details include freshly epoxied garage floors, chic lighting package inside and out, glassed in den, quartz and marble kitchen finishes, Sub-Zero refrigerator, Viking dishwasher, GE Cafe oven, induction cooktop with pot filler and microwave, Blanco sink,, oversized garage with 2nd refrigerator, newer roof (2018), new tankless hot water heater, and more. A fabulous wetroom in the owner’s suite comes complete with three Kohler shower heads (including two rain heads), stand-alone Empava tub, lighted mirrors and porcelain tile. The home is immaculate, stylish, state-of-the-art and move-in ready and the sunny eastern exposure floods the home with morning sunshine. Monterey continues to be among the leading communities in North Naples conveniently just three miles to Vanderbilt Beach and two miles to Mercato and Waterside Shops with 24-hour guarded gatehouse. Excellent amenities include award-winning clubhouse for private events, fitness center, heated lap pool, Har-Tru tennis courts with active tennis programs, kid’s play area, and basketball/pickleball court. A-rated public schools and three excellent private schools nearby. Photography and owner’s suite dressing room built-in cabinets are virtually staged.

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage, Paved, GarageDoorOpener
  • Details: Attached, Driveway, Garage, Paved, 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): 3.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 1

Exterior Features

  • Roof Material: Tile
  • Pool: Yes
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Additional HOA Fee: $1,268/quarterly

Land Information

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

Lot Information

  • Parcel ID: 80445011904
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, One Story
  • Year Built: 1990

Tax Information

  • Annual Tax: $11,753

Utilities

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

Location

  • County: Collier

Listing Details


Listed by:
Dave Renner
Premier Sotheby's Int'l Realty
(239) 784-5552

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225063552
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$9,038
Cap Rate
2.0%
Cash-on-Cash Return
-18.2%
Debt Coverage Ratio
0.32
Internal Rate of Return (5 years)
-13.6%

Purchase Details

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Purchase price:
$2,595,000
Amount financed:
-$2,076,000
Down payment:
$519,000
Closing costs:
$77,850
Rehab costs:
$0
Initial cash invested:
$596,850
Square feet:
3,157
Cost per square foot:
$822
Monthly rent per square foot:
$2.60

Financing Details

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Loan amount:
$2,076,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$13,293
Property tax:
$980
Insurance:
$574
Private mortgage insurance (PMI):
$0
Monthly payment:
$14,847

Operating Income

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% Rent Monthly Yearly
Gross rent:
$8,200 $98,400
Vacancy loss: (6%)
6% -$492 -$5,904
Operating income:
$7,708 $92,496

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$980-$11,754
Insurance: (7%)
7%-$574-$6,888
Property management: (8%)
8%-$656-$7,872
Repairs & maintenance: (5%)
5%-$410-$4,920
Capital expenditures: (5%)
5%-$410-$4,920
HOA fees: (5%)
5%-$423-$5,076
Total operating expenses: (42%)
42%-$3,453-$41,430

Cash Flow


Monthly Yearly
Net operating income:
$4,255 $51,060
Mortgage payments:
-$13,293 -$159,516
Cash flow:
-$9,038 -$108,456