3048 Horizon LN #1103NaplesFL34109
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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 3048 Horizon LN #1103, Naples, FL, 34109 uses $164,093 cash to close to unlock $18,166/yr annual cash flow and $1,514/mo monthly cash flow. Total monthly income runs $4,799/mo, and a $2,423/mo payment keeps the spread at $1,514/mo. Purchase price stands at $495,000, and rental yield measures 11.63% with $4,799/mo rent. Return on cash invested shows 30.98% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 162.79% and total cumulative return in cash records $267,130. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,799/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34109, Naples, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,140 (100%) |
| Owner Occupied HU | 8,409 (52.1%) |
| Renter Occupied HU | 4,427 (27.4%) |
| Vacant Housing Units | 3,304 (20.5%) |
| Median Home Value | $691,504 |
| Average Home Value | $857,298 |
Housing Distribution
Address Breakdown
Residential
15,573
Single Family
8,331
Multi-Family
7,242
Businesses
1,631
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