724 Grove DrNaplesFL34120
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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 724 Grove Dr, Naples, FL, 34120 priced at $414,900 converts $3,937/mo rent into $947/mo cash flow after a $2,031/mo obligation. Total monthly income equals $3,937/mo, and annual cash flow totals $11,365/yr on $137,539 invested. Return on cash invested prints 28.17% in year one, and rental yield reads 11.39% against a $414,900 entry. Equity gained on principal adds $2,677/yr, while 5% annual appreciation compiles into $114,629 by year five. Five-year ROI reaches 148.51% and total cumulative return in cash sums $204,266. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,937/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.26 Acres lot
$N/A/sqft
$2,836 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34120, Naples, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,374 (100%) |
| Owner Occupied HU | 16,236 (76.0%) |
| Renter Occupied HU | 1,816 ( 8.5%) |
| Vacant Housing Units | 3,322 (15.5%) |
| Median Home Value | $499,129 |
| Average Home Value | $654,350 |
Housing Distribution
Address Breakdown
Residential
19,945
Single Family
19,091
Multi-Family
854
Businesses
150
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Listed by: Claire Gogan • EXP Realty LLC
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225019212
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 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.