222 Monterey Drive
About This Property
The separate casita features a bedroom, bath, and kitchenette-perfect for hosting guests, accommodating in-laws, or creating a private home office.
At the heart of the property, the expansive brick-paver courtyard features a sparkling pool and raised spa with southern exposure-perfect for basking in all-day sunlight. A covered area in the courtyard elevates outdoor living with a bar featuring lights at night, a mini fridge, and a cozy sitting area, ideal for relaxing or entertaining. Lush landscaping surrounds the property, including a serene, landscaped backyard behind the main house. A two-car garage with a paved circular driveway provides convenience and spacious parking.
Optional membership of The Vineyards Country Club unlocks a world of luxury amenities, including 36 holes of championship golf, 12 Har-Tru tennis courts, 8 pickleball courts, a new Wellness Center & Spa, and a newly renovated clubhouse. Ideally located in north Naples with easy access to I-75, and just minutes away from pristine beaches, shopping at Waterside Shops, and the vibrant dining and cultural scene of Mercato and downtown Naples.
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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 Urban Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017