3031 Marengo Ct APT 204NaplesFL34114
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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 3031 Marengo Ct APT 204, Naples, FL, 34114 listed at $599,000 pairs $4,022/mo rent with a $2,932/mo payment to leave $47/mo cash flow. Total monthly income runs $4,022/mo, and annual cash flow reaches $561/yr on $197,071 cash to close. Return on cash invested measures 20.34% in year one, and rental yield registers 8.06% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 105.73% and total cumulative return in cash totals $208,366. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,022/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34114, Naples, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,360 (100%) |
| Owner Occupied HU | 10,417 (51.2%) |
| Renter Occupied HU | 1,929 ( 9.5%) |
| Vacant Housing Units | 8,014 (39.4%) |
| Median Home Value | $621,653 |
| Average Home Value | $701,355 |
Housing Distribution
Address Breakdown
Residential
16,817
Single Family
8,129
Multi-Family
8,688
Businesses
443
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