6351 Pelican Bay Blvd #18SNaplesFL34108
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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 6351 Pelican Bay Blvd #18S, Naples, FL, 34108 generates $13,056/mo in rent and, after a $5,379/mo payment, leaves $3,184/mo in cash flow. Total monthly income is $13,056/mo, and annual cash flow is $38,211/yr on $356,076 invested. Return on cash invested sits at 31.1% in year one, and rental yield is 14.26% on a $1,099,000 entry. Equity gained on principal adds $7,092/yr, while 5% annual appreciation builds toward $303,633 over five years. Five-year ROI reaches 166.52% and total cumulative return in cash sums $592,926. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $13,056/mo property income rather than buyer’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
$30,944 annually 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: Carl Dittrich • Barefoot Beach Properties
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224056871
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.