10851 Gulf Shore Dr #1004NaplesFL34108
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Naples at 10851 Gulf Shore Dr #1004, Naples, FL, 34108 offers a 5.42% rental yield on a $1,695,000 purchase with $7,650/mo rent. 39% in year one. Equity gained on principal adds $10,938/yr while 5% annual appreciation supports $468,297 over five years. Portfolio math shows five-year ROI at 43.06% and total cumulative return in cash at $236,469. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,650/mo property income against a $8,296/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
$22,620 annually HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 34108, Naples, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,293 (100%) |
| Owner Occupied HU | 7,024 (49.1%) |
| Renter Occupied HU | 1,226 ( 8.6%) |
| Vacant Housing Units | 6,043 (42.3%) |
| Median Home Value | $1,232,225 |
| Average Home Value | $1,335,714 |
Housing Distribution
Address Breakdown
Residential
12,522
Single Family
8,046
Multi-Family
4,476
Businesses
1,125
Price History
Date | Event | Price |
|---|---|---|
| 2025-01-30 | Price change | $1,695,000 |
| 2024-12-04 | Price change | $1,785,000 |
| 2024-08-31 | Listed for sale | $1,875,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-14 | $11293.52 | -11.66% | $1,004,665 | -4.57% |
| 2022-02-14 | $12783.48 | 16.97% | $1,052,810 | 10.00% |
| 2021-02-14 | $10928.45 | -1.74% | $957,100 | -2.68% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1981
- Architectural Style: Traditional
- Building Area: 1,755
- Living Area: 1,570 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central Electric
- Cooling: Ceiling Fan(s), Central Electric
- Flooring: Carpet, Tile
- Interior Features: Bar, Built-In Cabinets, Fire Sprinkler, Smoke Detectors, Walk-In Closet(s), Wet Bar, Window Coverings, Den - Study, Guest Room, Laundry in Residence, Other Additional Rooms, Screened Lanai/Porch
- Exterior Features: Storage, Tennis Court(s)
- Parking Features: 1 Assigned, Covered, Guest, Detached Carport
Location
HOA & Fees
- HOA Fee: $22,620 annually
- Association Fee: $22,620 annually
- Fees & Dues: N/A
- Association Amenities: Barbecue, Beach Access, Bike Storage, Pool, Community Room, Electric Vehicle Charging, Fitness Center, Storage, Guest Room, Internet Access, See Remarks, Sidewalk, Streetlight, Tennis Court(s), Trash Chute, Underground Utility, Car Wash Area
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: Central
- Road Surface Type: N/A
School Information
- Elementary School: NAPLES PARK ELEMENTARY
- Middle School: PINE RIDGE MIDDLE
- High School: BARRION COLLIER
Listed by: Diane LaCorte • Loffreno Real Estate, Inc.
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224071734
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.