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1290 Saint Clair Shores Road
About This Property
The possibilities are endless with this 2-bedroom, 2-bath home featuring a den and two additional unfinished rooms at the rear of the home. Whether you envision extra bedrooms, a game room, home office, fitness space, or a hobby room, this flexible floor plan can be customized to fit your needs.
The home features tile flooring throughout, a new roof installed in 2023, and a newer air conditioning system. With a little TLC, the existing detached garage could be transformed into a functional workshop, studio, or home office.
With no HOA restrictions and plenty of room to expand, store toys, or create your own private retreat, this property offers a rare opportunity to enjoy space, freedom, and endless potential in a highly desirable Naples location.
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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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About Central Naples
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$4,750 /mo
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$6,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017