3100 Binnacle Dr APT 305, Naples, FL, 34103 | $58/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3100 Binnacle Dr APT 305, Naples, FL, 34103 | $58/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Naples at 3100 Binnacle Dr APT 305, Naples, FL, 34103 earns $58/mo cash flow from $2,878/mo rent with a $2,080/mo payment. Total monthly income totals $2,878/mo, and annual cash flow totals $693/yr on $140,888 capital. ROI tracks 20.4% on current figures, and rental yield reads 8.13% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 106.07% and total cumulative return in cash sums $149,441. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,878/mo property income instead of your personal income.

Condo

Built in 1974

N/A lot

$N/A/sqft

No HOA

More details about the property

Rarely Available. This desirable third-floor, two-bedroom, two-bath condo is set within one of Naples most sought-after coastal communities. Where private beach access, mature streetscapes, and an unhurried Gulf Coast lifestyle continue to draw those seeking a quieter rhythm, without compromising proximity to Naples most iconic destinations. Portside Club, a boutique, 24-residence building, offers a calm vantage and naturally suited for both seasonal or year-round living. Eastern exposure brings the morning into full view, casting soft light across the open interior that extends from the entryway to your screened lanai overlooking Lake Suzanne and the pool below. Updated tile flooring carries throughout, creating a visual through-line from room to room, while the full interior repaint gives the space a crisp, collected tone. Appointed with stainless steel GE appliances and custom cabinetry, the kitchen has been thoughtfully opened, introducing a subtle layer of depth off the main living space. With touches of coastal detail, and plantation shutters framing calming lake views, the primary is finished with an updated en suite bath featuring a glass-enclosed walk-in shower, while the guest bedroom includes its own built-in closet system that rests beside the upgraded guest bath. Surrounded by world-class shopping, dining, and miles of postcard-perfect coastline, this property stands as an exceptional offering within one of Naples' most prized coastal addresses.

Neighborhood Data

Neighborhood data shown for ZIP Code: 34103, Naples, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,255 (100%)
Owner Occupied HU	5,109 (49.8%)
Renter Occupied HU	908 ( 8.9%)
Vacant Housing Units	4,238 (41.3%)
Median Home Value	$1,137,868
Average Home Value	$1,286,603