1385 23rd ST SWNaplesFL34117
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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
Rental property for sale in Naples at 1385 23rd ST SW, Naples, FL, 34117 generates $5,605/mo in rent, after a $9,740/mo payment. Total monthly income is $5,605/mo. Return on cash invested sits at 6.22% in year one, and rental yield is 3.38% on a $1,990,000 entry. Equity gained on principal adds $12,841/yr, while 5% annual appreciation builds toward $549,800 over five years. Five-year ROI reaches 29.96% and total cumulative return in cash sums $193,151. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,605/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
2.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34117, Naples, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,209 (100%) |
| Owner Occupied HU | 5,425 (87.4%) |
| Renter Occupied HU | 581 ( 9.4%) |
| Vacant Housing Units | 203 ( 3.3%) |
| Median Home Value | $521,901 |
| Average Home Value | $618,596 |
Housing Distribution
Address Breakdown
Residential
5,991
Single Family
5,991
Multi-Family
0
Businesses
96
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