1195 14th Avenue N
About This Property
Thoughtfully updated throughout, the home features an open kitchen with stainless steel appliances, granite countertops, custom cabinetry, and generous prep and seating space flowing naturally into the dining and living areas. Limestone tile flooring extends through the main living spaces, while light wood flooring in the bedrooms adds warmth and a relaxed coastal feel. The flexible floor plan includes multiple gathering areas, including a spacious rear family room overlooking the pool and lanai. Both bathrooms have been tastefully renovated with designer tile, upgraded vanities, and refined finishes.
Outdoor living shines with a screened pool, expansive covered lanai, fenced backyard, mature landscaping, metal roof, impact-resistant windows and doors, one-car garage, and covered carport. Close to Baker Park, the Naples Design District, shopping, dining, and top-rated schools, this property offers an exceptional Naples lifestyle opportunity.
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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%.
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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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About Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017