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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 H2, Marco Island, FL, 34145 generates $3,001/mo in rent and, after a $1,463/mo payment, leaves $175/mo in cash flow. Total monthly income is $3,001/mo, and annual cash flow is $2,103/yr on $99,119 invested. Return on cash invested sits at 22.03% in year one, and rental yield is 12.04% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 118.53% and total cumulative return in cash sums $117,490. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,001/mo property income rather than buyer’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$10,104 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 |
|---|---|---|
| 2024-04-15 | Listed for sale | $299,000 |
| 2024-04-09 | Listing removed | N/A |
| 2023-09-09 | Listed for sale | $299,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $1891.79 | 13.69% | $159,572 | 10.00% |
| 2022-12-26 | $1663.94 | 16.53% | $145,065 | 10.00% |
| 2021-12-26 | $1427.93 | 10.67% | $131,877 | 10.00% |
Listed by: Adriano Pagnotta • Florida Luxury Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224034313
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.
