88 31st St SWNaplesFL34117
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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 88 31st St SW, Naples, FL, 34117 offers $3,960/mo rent that, after a $4,826/mo payment. Total monthly income is $3,960/mo. Return on cash invested measures 10.5% in year one, and rental yield stands at 4.82% at a $986,000 entry. Equity gained on principal adds $6,363/yr while 5% annual appreciation compounds into $272,414 by year five. Five-year ROI records 52.97% and total cumulative return in cash reaches $171,816. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,960/mo property income versus a $4,826/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
2.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34117, Naples, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,209 (100%) |
| Owner Occupied HU | 5,425 (87.4%) |
| Renter Occupied HU | 581 ( 9.4%) |
| Vacant Housing Units | 203 ( 3.3%) |
| Median Home Value | $521,901 |
| Average Home Value | $618,596 |
Housing Distribution
Address Breakdown
Residential
5,991
Single Family
5,991
Multi-Family
0
Businesses
96
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Listed by: Sean Cohane • Premiere Plus Realty Company
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224083054
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.