600 Neapolitan WAY #342NaplesFL34103
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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 600 Neapolitan WAY #342, Naples, FL, 34103 uses $114,368 cash to close to unlock $1,429/yr annual cash flow and $119/mo monthly cash flow. Total monthly income runs $2,409/mo, and a $1,689/mo payment keeps the spread at $119/mo. Purchase price stands at $345,000, and rental yield measures 8.38% with $2,409/mo rent. Return on cash invested shows 21.16% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 110.16% and total cumulative return in cash records $125,992. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,409/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Condo
Built in 1982
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
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