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$370,000

For Sale - Active
8239 Parkstone Pl Apt 208, Naples, FL 34120
3 Beds
2 Baths
1,700 Square Feet
0.00 Acres Lot
Built in 2000
For Sale - Active
240 Units
Checked: 17 hours ago
Updated: May 26, 2025 at 11:46AM

Investment Summary


Monthly Cash Flow
-$1,284
Cap Rate
2.0%
Cash-on-Cash Return
-18.1%
Debt Coverage Ratio
0.32
Internal Rate of Return (5 years)
-13.5%

Property Description


0.00 Acres Lot
Built in 2000
For Sale - Active
240 Units

THREE BEDROOM END UNIT PRICED TO SELL! Don't miss out on this great opportunity at Vanderbilt Country Club. A premier bundled golf community with a very active social life, multiple pools, dining, bocce, and so much more. This highly sought after 2nd floor, turnkey condo, has amazing views of the fairway and lake. Neutral colors with open floor plan, eat-in kitchen, pantry, new a/c and vinyl floors. location off the main room. Newer lanai screens, and roofs, completely painted exterior of the buildings, make this community stand out. This unit offers easy access to an impeccably maintained golf course. Whether you prefer club dining, the Terrace Cafe by the pool with Island music and libations, or a casual bar for sports and lighter fare, it is all at your back door. Massage, PT, full time golf pros and tennis pros, state of the art gym, tennis, dancing, themed events, are just a sampling of the many activities offered at Vanderbilt. Come and see what the Vibe at Vanderbilt isall about and just bring your toothbrush. Stunning new pool to be completed in the very near future. No assessment. Call today,

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Location


Property Details


Parking

  • Description: 1 Assigned
  • Details: Assigned, Covered, Guest, Detached Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 7
  • # of Stories: 3

Exterior Features

  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • HOA Fee: $3,205/quarterly

Land Information

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

Lot Information

  • Parcel ID: 81194001824
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Garden Home, Low Rise
  • Year Built: 2000

Tax Information

  • Annual Tax: $3,039

Utilities

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

Location

  • County: Collier

Listing Details


Listed by:
Diane Marrazzo
Gallant Real Estate LLC
(508) 317-5207

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225024736
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$1,284
Cap Rate
2.0%
Cash-on-Cash Return
-18.1%
Debt Coverage Ratio
0.32
Internal Rate of Return (5 years)
-13.5%

Purchase Details

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Purchase price:
$370,000
Amount financed:
-$296,000
Down payment:
$74,000
Closing costs:
$11,100
Rehab costs:
$0
Initial cash invested:
$85,100
Square feet:
1,700
Cost per square foot:
$218
Monthly rent per square foot:
$1.65

Financing Details

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Loan amount:
$296,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,895
Property tax:
$253
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,344

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%-$253-$3,040
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: (38%)
38%-$1,068-$12,816
Total operating expenses: (72%)
72%-$2,021-$24,256

Cash Flow


Monthly Yearly
Net operating income:
$611 $7,332
Mortgage payments:
-$1,895 -$22,740
Cash flow:
$1,284 $15,408