3150 Binnacle DR SE #209 - 2JNaplesFL34103
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors approaching the U.S. Rental yield 7.1%. DSCR 1.32 and 7.1% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $4,421/yr in paydown build toward a projected cumulative return of $160,727.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 5.1% |
| Monthly Cash Flow | $(1,245) | $1,850 |
City averages based on Naples market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,840 |
| Total Monthly Debt Service | $2,994 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,610
Single Family
3,911
Multi-Family
5,699
Businesses
872
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,610
Single Family
3,911
Multi-Family
5,699
Businesses
872
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices