2120 HERON LAKE DRIVE 208 Punta Gorda, FL 33983
Move-in-ready, 3-bedroom condo with lake views in Punta Gorda.
Property Features for 2120 HERON LAKE DRIVE 208
General Information
- Standard status
- Active
- Size
- 1,293 SF
- Lot size
- 0.03 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2006
Listing office COMPASS FLORIDA (941) 205-8478
Listing date Feb 13, 2024
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Lakefront condo with breathtaking sunrise views
- Brand new HVAC system
- 3 bedroom, 2 bath condo in gated community
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 | $25.9k | $20.04 |
| − Vacancy | −$5.2k | −$3.99 |
| EGI | $20.8k | $16.05 |
| − OpEx | −$9.3k | −$7.22 |
| NOI | $11.4k | $8.83 |