This well-maintained home with a BRAND NEW ROOF has custom design
choices throughout that elevate the interior living space. The
millwork for instance, with crown molding, baseboards, and
wainscoting, provides the main living areas and master suite with a
stylish polished feel. The large Florida room is surrounded by
windows that fill the home with light. There is a cozy screened-in
front porch for chatting with the friendly neighbors and a more
private screened-in back lanai that is perfect for enjoying the
Gulf breeze while doing a crossword puzzle. The kitchen has its own
charm, with Silestone engineered-quartz counters, stainless steel
appliances, a moveable island for extra counter/storage space, a
new dishwasher, and an eat-in breakfast nook. You'll find no wasted
space with this floor plan. The flooring is Pergo vinyl in the
living room and master bedroom (2025). The kitchen and Florida room
floors are tiled. The water heater is newer (2024) and there is a
Kinetico water filtration system for the whole home. The well for
lawn irrigation drastically reduces the water bill. Some of the
windows are impact glass and the others have storm shutters
(electric in the Florida room). Practical extras abound, including
a widened driveway for easy guest parking. The sale includes 2 TVs
and tasteful decor. When you walk through the front door, you'll
know the home is the definition of move-in ready. Riviera Golf
Estates, a quiet and friendly 55+ community, has one of the lowest
HOA fees in Naples: $144/mo. (includes basic internet). That's not
to say there aren't an abundance of community amenities, which
include a heated saltwater pool with lap lanes, a tiki hut,
tennis/pickleball/bocce courts, exercise room, billiards room,
shuffleboard, and a large clubhouse with an active social calendar.
All this and you are only eight miles from the beach and just a
ten-minute drive from the shops on 5th Ave. Come have a look and
see what you think. This home does NOT disappoint!
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.
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