638 7th Ave S #B-638NaplesFL34102
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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 638 7th Ave S #B-638, Naples, FL, 34102 generates $12,000/mo in rent and, after a $6,950/mo payment, leaves $1,206/mo in cash flow. Total monthly income is $12,000/mo, and annual cash flow is $14,474/yr on $460,080 invested. Return on cash invested sits at 23.52% in year one, and rental yield is 10.14% on a $1,420,000 entry. Equity gained on principal adds $9,163/yr, while 5% annual appreciation builds toward $392,320 over five years. Five-year ROI reaches 123.99% and total cumulative return in cash sums $570,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $12,000/mo property income rather than buyer’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
$16,448 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34102, Naples, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,934 (100%) |
| Owner Occupied HU | 4,545 (45.8%) |
| Renter Occupied HU | 1,140 (11.5%) |
| Vacant Housing Units | 4,249 (42.8%) |
| Median Home Value | $1,817,500 |
| Average Home Value | $1,578,617 |
Housing Distribution
Address Breakdown
Residential
8,563
Single Family
5,064
Multi-Family
3,499
Businesses
1,336
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Listed by: Don Antonacchio • Andrea Deane & Associates, Inc
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224075883
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.