1878 Tarpon Bay Dr #102NaplesFL34119
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
Investment Highlights
Rental property for sale in Naples at 1878 Tarpon Bay Dr #102, Naples, FL, 34119 generates $2,102/mo in rent and, after a $1,456/mo payment, leaves $128/mo in cash flow. Total monthly income is $2,102/mo, and annual cash flow is $1,536/yr on $98,588 invested. Return on cash invested sits at 21.47% in year one, and rental yield is 8.48% on a $297,400 entry. Equity gained on principal adds $1,919/yr, while 5% annual appreciation builds toward $82,166 over five years. Five-year ROI reaches 111.85% and total cumulative return in cash sums $110,268. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,102/mo property income rather than buyer’s personal income.
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