511 Joseph CT #2NaplesFL34104
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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
Rental property for sale in Naples at 511 Joseph CT #2, Naples, FL, 34104 generates $3,599/mo in rent and, after a $2,129/mo payment, leaves $713/mo in cash flow. Total monthly income is $3,599/mo, and annual cash flow is $8,551/yr on $144,169 invested. Return on cash invested sits at 25.84% in year one, and rental yield is 9.93% on a $434,900 entry. Equity gained on principal adds $2,806/yr, while 5% annual appreciation builds toward $120,155 over five years. Five-year ROI reaches 135.24% and total cumulative return in cash sums $194,969. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,599/mo property income rather than buyer’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34104, Naples, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,029 (100%) |
| Owner Occupied HU | 8,178 (48.0%) |
| Renter Occupied HU | 4,488 (26.4%) |
| Vacant Housing Units | 4,363 (25.6%) |
| Median Home Value | $474,892 |
| Average Home Value | $562,833 |
Housing Distribution
Address Breakdown
Residential
15,059
Single Family
9,063
Multi-Family
5,996
Businesses
1,361
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