774 Wiggins Lake Dr APT 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
Investment property for sale in Naples at 774 Wiggins Lake Dr APT 101, Naples, FL, 34110 uses $135,915 cash to close to unlock $851/yr annual cash flow and $71/mo monthly cash flow. Total monthly income runs $3,485/mo, and a $2,007/mo payment keeps the spread at $71/mo. Purchase price stands at $410,000, and rental yield measures 10.2% with $3,485/mo rent. Return on cash invested shows 20.54% in year one, and 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 108.99% and total cumulative return in cash records $148,139. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,485/mo property income covering a $2,007/mo payment rather than investor’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
$8,316 annually 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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Listed by: Karen Estremera • Call It Closed Intl Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224096584
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.