Bonita Springs Condo Near
8687 River Homes Lane 4102 Bonita Springs, FL 34135
8687 River Homes Lane 4102, Bonita Springs, FL, 34135
$198,500
For Sale
$198,500
One-bedroom condo in gated community with low HOA fees.
Property Size602 SF
Price / SF$329.73
Days on Market685
Property Features for 8687 River Homes Lane 4102
General Information
- Standard status
- Active
- Size
- 602 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2001
Listing Agency
Trillionaire Realty
(832) 455-3550
Listed by
Chris Lawrence · License #0487898
(832) 455-3550
Source
Exitrealty
Added: Sep 4, 2024 Checked: Jul 19 at 4:55 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trillionaire Realty
Investment Insights
Based on property information with market context.
This is a one-bedroom, one-bathroom condo located on the first floor within the gated community of Sanctuary at Imperial River in Bonita Springs. The property, with a size of 602 square feet, is situated between Fort Myers and Naples. The community is described as well-maintained and financially sound. The condo is near the clubhouse and amenities, including a resort-style pool and spa, exercise room, racquetball court, tennis court, and playground. The property is located approximately three miles from beaches and is within walking distance of restaurants and a grocery store. It is also near RSW Airport and I-75. This property is suitable as a vacation home or investment property.
Key Highlights
- First‑floor unit in a gated community.
- Low HOA fees.
- Just 3 miles to beautiful beaches.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.0k | $23.28 |
| − Vacancy | −$589 | −$0.98 |
| EGI | $13.4k | $22.30 |
| − OpEx | −$6.0k | −$10.04 |
| NOI | $7.4k | $12.27 |
602 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$105.5K
$92.3K – $123.1K
NOI $7,384 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$189.5K
$165.8K – $221.1K
NOI $13,263 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - One-bedroom condo in gated community with low HOA fees.
Where is this residential income property located?
The property is located at 8687 River Homes Lane 4102 Bonita Springs, FL.
What is the asking price?
The asking price for this property is $198,500.
What are key features of this property?
This property features: First‑floor unit in a gated community.; Low HOA fees.; Just 3 miles to beautiful beaches.
