10851 Gulf Shore Dr APT 904NaplesFL34108
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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 APT 904, Naples, FL, 34108 earns from $7,650/mo rent with a $6,950/mo payment. Total monthly income totals $7,650/mo. ROI tracks 10.83% on current figures, and rental yield reads 6.46% at a $1,420,000 purchase. Equity gained on principal adds $9,163/yr, and 5% annual appreciation supports $392,320 over five years. Five-year ROI reaches 56.43% and total cumulative return in cash sums $259,631. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,650/mo property income instead of your personal income.
Condo
Built in 1980
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 |
|---|---|---|
| 2024-12-05 | Price change | $1,420,000 |
| 2024-05-01 | Price change | $1,475,000 |
| 2024-03-27 | Price change | $1,525,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $11345.98 | -5.25% | $1,020,510 | 3.99% |
| 2022-12-26 | $11974.54 | 17.56% | $981,310 | 10.00% |
| 2021-12-26 | $10186.28 | -2.46% | $892,100 | -3.40% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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Facts & Features
General Information
- Type: Condo
- Year Built: 1980
- Architectural Style: N/A
- Building Area: 1,755
- Living Area: 1,755 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central Electric
- Cooling: Ceiling Fan(s), Central Electric
- Flooring: Tile
- Interior Features: Custom Mirrors, Fire Sprinkler, Smoke Detectors, Walk-In Closet(s), Wet Bar, Glass Porch, Laundry in Residence
- Exterior Features: Storage, Tennis Court(s)
- Parking Features: Covered, Deeded, Guest, Under Bldg Open, 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, Electric Vehicle Charging, Fitness Center, Storage, Guest Room, Internet Access, 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: Paved
School Information
- Elementary School: NAPLES PARK
- Middle School: PINE RIDGE
- High School: BARRON COLLIER
Listed by: Roya Nouhi • Premier Sotheby's Int'l Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224018812
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 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.