3346 Erick Lake DR #2001NaplesFL34109
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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 3346 Erick Lake DR #2001, Naples, FL, 34109 listed at $365,000 pairs $2,452/mo rent with a $1,786/mo payment to leave $30/mo cash flow. Total monthly income runs $2,452/mo, and annual cash flow reaches $363/yr on $120,998 cash to close. Return on cash invested measures 20.21% in year one, and rental yield registers 8.06% at a $365,000 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,843 by year five. Five-year ROI tracks 105.07% and total cumulative return in cash totals $127,135. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,452/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
1,742 sqft 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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