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$385,000

For Sale - Active
7750 Gardner Dr Unit 102, Naples, FL 34109
2 Beds
2 Baths
1,528 Square Feet
0.00 Acres Lot
Built in 1995
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Jul 29, 2025 at 07:18AM

Investment Summary


Monthly Cash Flow
-$448
Cap Rate
4.8%
Cash-on-Cash Return
-6.1%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-1.9%

Property Description


0.00 Acres Lot
Built in 1995
For Sale - Active
Units n/a

New Price! New Pipes! Welcome to your dream home in the gated community of The Orchards in beautiful Naples, Florida! This updated first-floor unit offers a spacious lanai with tranquil lake views—perfect for enjoying the Florida lifestyle. Inside, you'll find two bedrooms, a versatile den, two baths, and tile flooring throughout. The open concept living and dining area is bright and airy, with sliding glass doors that seamlessly connect the indoor and outdoor spaces, creating an open and inviting atmosphere. Recent updates include a brand-new garage door (March 2025), a newly installed water heater (May 2025), and polybutylene pipes that have just been replaced and brought up to code—giving you peace of mind and modern convenience. The one-car attached garage provides added storage and security. Electric Hurricane Shutters make securing your home a breeze! Being sold turnkey furnished so just bring your clothes! Residents of The Orchards enjoy fantastic amenities such as a clubhouse, resort-style pool and spa, bocce ball, pickleball, tennis courts, and a separate neighborhood pool just a short stroll away. All of this is centrally located with easy access to world-class shopping, dining, and the pristine beaches of the Gulf of Mexico. Whether you're seeking a seasonal retreat or full-time residence, this lakefront gem offers the best of Naples living. Schedule your showing today!

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Location


Property Details


Parking

  • Description: Garage Door Opener, Ground Level, Guest
  • Details: Garage Door Opener, Guest, Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 10
  • # of Stories: 1

Exterior Features

  • Foundation: Slab
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: Orchards Community Association
  • Additional Association: Orchards Community Association
  • Additional HOA Fee: $509/quarterly

Land Information

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

Lot Information

  • Parcel ID: 64703002561
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1995

Tax Information

  • Annual Tax: $2,860

Utilities

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

Location

  • County: Collier

Listing Details


Listed by:
Karen Fowler
JOHN R WOOD PROPERTIES
(239) 294-6829

Source:
Stellar MLS
MLS#: C7502729
Stellar MLS

Investment Summary


Monthly Cash Flow
-$448
Cap Rate
4.8%
Cash-on-Cash Return
-6.1%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-1.9%

Purchase Details

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Purchase price:
$385,000
Amount financed:
-$308,000
Down payment:
$77,000
Closing costs:
$11,550
Rehab costs:
$0
Initial cash invested:
$88,550
Square feet:
1,528
Cost per square foot:
$252
Monthly rent per square foot:
$1.83

Financing Details

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Loan amount:
$308,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,972
Property tax:
$238
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,406

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: (9%)
9%-$238-$2,861
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: (6%)
6%-$170-$2,040
Total operating expenses: (40%)
40%-$1,108-$13,301

Cash Flow


Monthly Yearly
Net operating income:
$1,524 $18,288
Mortgage payments:
-$1,972 -$23,664
Cash flow:
$448 $5,376