863 Turtle CT, Naples, FL, 34108 | 4.01% Rental Yield

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863 Turtle CT, Naples, FL, 34108 | 4.01% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Naples at 863 Turtle CT, Naples, FL, 34108 priced at $1,825,000 pairs $6,099/mo rent with after a $8,932/mo payment. Total monthly income equals $6,099/mo. Return on cash invested is 8.17% in year one, and rental yield stands at 4.01% on a $1,825,000 basis. Equity gained on principal adds $11,776/yr, and 5% annual appreciation accumulates to $504,214 by year five. Five-year ROI measures 40.39% and total cumulative return in cash reaches $238,836. For financing, Ziffy Mortgage’s DSCR program evaluates $6,099/mo property income against a $8,932/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1993

N/A lot

$N/A/sqft

No HOA

More details about the property

Experience over 2,400 square feet of refined living in this 3-bedroom, 3-bath residence with a 2-car garage, perfectly positioned to capture serene views of the lake and water feature. The main home showcases an open layout with a beautifully renovated kitchen flowing into the spacious living and dining areas. The primary suite provides a true retreat with walk-in closets, dual vanities, a soaking tub, and a walk-in shower, while a guest bedroom and full bath complete the main living space. A detached 1-bedroom, 1-bath cabana offers exceptional flexibilityideal for guests, a home office, or a private studio. Outdoor living is equally impressive with a screened lanai featuring a pool and spa, multiple seating areas, and tranquil lake views. Upgrades include wood flooring, plantation shutters, impact windows and doors, and hurricane shutters for added peace of mind. Nestled within the highly sought-after Pelican Bay community, residents enjoy exclusive amenities such as two private beachfront pavilions, tennis and pickleball courts, a state-of-the-art fitness center, and a lively community center, all just moments from Naples premier dining, shopping, and cultural attractions.

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