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$297,900

For Sale - Active
7842 Regal Heron Cir Apt 204, Naples, FL 34104
2 Beds
2 Baths
1,304 Square Feet
0.00 Acres Lot
Built in 2004
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: Aug 30, 2025 at 10:09AM

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
$154
Cap Rate
6.8%
Cash-on-Cash Return
2.7%
Debt Coverage Ratio
1.10
Internal Rate of Return (5 years)
6.6%

Property Description


0.00 Acres Lot
Built in 2004
For Sale - Active
Units n/a

Discover the epitome of effortless living at 7842 Regal Heron Way—a turnkey 2-bed, 2-bath retreat showcasing panoramic lake views, meticulously maintained and poised for your immediate enjoyment. The stylish kitchen boasts quartz counters (2023), tile backsplash, new refrigerator and microwave (2024), and sleek new cabinet hardware, all flowing over hardwood and tile floors. Unwind in the primary suite, complete with a double vanity, walk-in closet, and serene long-lake vistas. Recent mechanicals include in-unit washer/dryer (c. 2022) and new toilets (c. 2022), while hurricane-rated windows and sliders offer peace of mind. In a peaceful gated community, Blue Heron offers residents beautifully landscaped grounds, a pristine community pool, and a clubhouse ideal for social gatherings. Just one mile from Berkshire Commons, you’re moments from dining, shopping, and grocery stores, and a short drive brings you to downtown Naples with its famous white-sandy beaches, upscale restaurants, premier shopping, and championship golf courses—promising a lifestyle of convenience and leisure.

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Location


Property Details


Parking

  • Description: Assigned, Covered, Guest, Paved, OneSpace, DetachedCarport
  • Details: Assigned, Guest, 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: 1

Exterior Features

  • Roof Material: Tile
  • Pool Community: Yes

Land Information

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

Lot Information

  • Parcel ID: 24207205969
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Other, Low Rise
  • Year Built: 2004

Tax Information

  • Annual Tax: $1,365

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Location

  • County: Collier

Listing Details


Listed by:
Scott Needles
John R Wood Properties
(239) 248-4163

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225058711
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
$154
Cap Rate
6.8%
Cash-on-Cash Return
2.7%
Debt Coverage Ratio
1.10
Internal Rate of Return (5 years)
6.6%

Purchase Details

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Purchase price:
$297,900
Amount financed:
-$238,320
Down payment:
$59,580
Closing costs:
$8,937
Rehab costs:
$0
Initial cash invested:
$68,517
Square feet:
1,304
Cost per square foot:
$228
Monthly rent per square foot:
$1.99

Financing Details

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Loan amount:
$238,320
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,526
Property tax:
$114
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,822

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$114-$1,366
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (29%)
29%-$764-$9,166

Cash Flow


Monthly Yearly
Net operating income:
$1,680 $20,160
Mortgage payments:
-$1,526 -$18,312
Cash flow:
$154 $1,848