651 Wiggins Lake DR #101NaplesFL34110
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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 651 Wiggins Lake DR #101, Naples, FL, 34110 generates $2,441/mo in rent, after a $2,031/mo payment. Total monthly income is $2,441/mo. Return on cash invested sits at 17.18% in year one, and rental yield is 7.06% on a $414,900 entry. Equity gained on principal adds $2,677/yr, while 5% annual appreciation builds toward $114,629 over five years. Five-year ROI reaches 88.81% and total cumulative return in cash sums $122,150. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,441/mo property income rather than buyer’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34110, Naples, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,627 (100%) |
| Owner Occupied HU | 10,261 (55.1%) |
| Renter Occupied HU | 2,455 (13.2%) |
| Vacant Housing Units | 5,911 (31.7%) |
| Median Home Value | $679,435 |
| Average Home Value | $874,774 |
Housing Distribution
Address Breakdown
Residential
16,751
Single Family
11,630
Multi-Family
5,121
Businesses
934
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