1878 Tarpon Bay Dr #102NaplesFL34119
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 1878 Tarpon Bay Dr #102, Naples, FL, 34119 in Naples is narrow, $128/mo net on $2,102/mo rent after the $1,337/mo debt service, but the property operates at break-even-plus, not a loss. At $297,400 with a 8.48% yield, the long-run equity case via 5% appreciation ($82,166 over five years) and $2,739/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.57 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $121,694.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 5.1% |
| Monthly Cash Flow | $128 | $1,850 |
City averages based on Naples market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,102 |
| Total Monthly Debt Service | $1,855 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34119, Naples, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,829 (100%) |
| Owner Occupied HU | 12,915 (65.1%) |
| Renter Occupied HU | 3,072 (15.5%) |
| Vacant Housing Units | 3,842 (19.4%) |
| Median Home Value | $728,985 |
| Average Home Value | $838,696 |
Housing Distribution
Address Breakdown
Residential
18,923
Single Family
14,363
Multi-Family
4,560
Businesses
375
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34119, Naples, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,829 (100%) |
| Owner Occupied HU | 12,915 (65.1%) |
| Renter Occupied HU | 3,072 (15.5%) |
| Vacant Housing Units | 3,842 (19.4%) |
| Median Home Value | $728,985 |
| Average Home Value | $838,696 |
Housing Distribution
Address Breakdown
Residential
18,923
Single Family
14,363
Multi-Family
4,560
Businesses
375
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices