1905 Fairfax Circle
About This Property
Situated on a generous 0.33-acre lot, the property offers both space and privacy - a rare find in such a centrally located Naples community. The curb appeal is undeniable, with a circular paver driveway, mature landscaping, and a stately facade welcoming you home. Inside, meaningful upgrades provide both style and peace of mind, including all hurricane impact windows and doors - a significant investment that enhances storm protection, energy efficiency, and long-term value. Other significant upgrades include a circular plantation shutters, solid flooring throughout, irrigation well, updated recessed lighting and ceiling fans, full interior and exterior painting, newer tile roof (2019), new pool water heater and saltwater system (2022), new AC (2023), new pool screen enclosure (2024), large water heater (2024), new washer and dryer (2024). The result is a home that feels fresh, well maintained, and truly move-in ready.
Located in one of Naples' most desirable and centrally positioned communities, Mill Run is known for its reasonable HOA fees, top-rated schools, and unbeatable convenience to beaches, shopping, dining, and everyday essentials. With no through traffic on the cul-de-sac, a spacious homesite, and a community reputation that consistently draws strong demand, this is a rare opportunity to secure size, upgrades, and location all in one compelling package.
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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 North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017