240 Palm River BLVD #C202NaplesFL34110
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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
Investment property for sale in Naples at 240 Palm River BLVD #C202, Naples, FL, 34110 offers a 8.38% rental yield on a $315,000 purchase with $2,200/mo rent. Total monthly income registers $2,200/mo, and a $1,542/mo payment leaves $109/mo available for distribution. Annual cash flow reaches $1,312/yr on $104,423 to close, and return on cash invested stands at 21.17% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 110.2% and total cumulative return in cash at $115,073. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,200/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34110, Naples, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,627 (100%) |
| Owner Occupied HU | 10,261 (55.1%) |
| Renter Occupied HU | 2,455 (13.2%) |
| Vacant Housing Units | 5,911 (31.7%) |
| Median Home Value | $679,435 |
| Average Home Value | $874,774 |
Housing Distribution
Address Breakdown
Residential
16,751
Single Family
11,630
Multi-Family
5,121
Businesses
934
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