576 97th Ave NNaplesFL34108
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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 576 97th Ave N, Naples, FL, 34108 generates $23,999/mo in rent and, after a $7,092/mo payment, leaves $14,383/mo in cash flow. Total monthly income is $23,999/mo, and annual cash flow is $172,600/yr on $469,476 invested. Return on cash invested sits at 57.13% in year one, and rental yield is 19.87% on a $1,449,000 entry. Equity gained on principal adds $9,350/yr, while 5% annual appreciation builds toward $400,332 over five years. Five-year ROI reaches 302.96% and total cumulative return in cash sums $1,422,343. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $23,999/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34108, Naples, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,293 (100%) |
| Owner Occupied HU | 7,024 (49.1%) |
| Renter Occupied HU | 1,226 ( 8.6%) |
| Vacant Housing Units | 6,043 (42.3%) |
| Median Home Value | $1,232,225 |
| Average Home Value | $1,335,714 |
Housing Distribution
Address Breakdown
Residential
12,522
Single Family
8,046
Multi-Family
4,476
Businesses
1,125
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Listed by: Dino Lauricella, PA • Sun Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224040563
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.