1171 Rainbow Drive
About This Property
This beautifully updated pool home offers the perfect blend of comfort, style, and location. Investors can capitalize on short-term rental opportunities (Airbnb/VRBO) with ease, while homeowners will appreciate the tranquil setting just minutes from historic Downtown Naples.
Key Features:
Fully Updated Interior: Modern kitchen, remodeled bathrooms, new tile flooring, and a new A/C system.
Versatile Den: Can be used as an extra bedroom, office, media room, or storage.
Outdoor Paradise: Black-bottom pool with natural solar heating, newer pool equipment, expansive concrete deck for entertaining, and a fully fenced backyard perfect for pets or outdoor activities.
Prime Location: Quiet street in Brookside, just a short walk to Oaks Farms Market on Davis Blvd and minutes from downtown Naples.
Enjoy the world-famous Naples sunsets from your screened lanai, relax in your private pool, or take a stroll to nearby dining and shops. This home offers endless possibilities-whether you're looking to invest or make it your own!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017