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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Marco Island at 240 N Collier Blvd APT E1, Marco Island, FL, 34145 priced at $310,000 converts $2,614/mo rent into after a $1,517/mo obligation. Total monthly income equals $2,614/mo. Return on cash invested prints 18.19% in year one, and rental yield reads 10.12% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 97.24% and total cumulative return in cash sums $99,931. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,614/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$8,448 annually HOA
Neighborhood data shown for ZIP Code: 34145, Marco Island, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,445 (100%) |
| Owner Occupied HU | 7,511 (40.7%) |
| Renter Occupied HU | 721 ( 3.9%) |
| Vacant Housing Units | 10,213 (55.4%) |
| Median Home Value | $1,061,611 |
| Average Home Value | $1,235,391 |
Residential
16,426
Single Family
8,455
Multi-Family
7,971
Businesses
637
Date | Event | Price |
|---|---|---|
| 2025-02-12 | Price change | $310,000 |
| 2024-12-20 | Price change | $325,000 |
| 2024-08-23 | Price change | $349,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-14 | $2371.46 | 14.15% | $191,664 | 10.00% |
| 2022-02-14 | $2077.58 | 21.22% | $174,240 | 10.00% |
| 2021-02-14 | $1713.92 | 7.21% | $158,400 | 6.64% |
No similar rental properties found nearby.
Listed by: Mary Jo O'Regan • Premier Sotheby's Int'l Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224020483
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.
