3389 Hibiscus Avenue
About This Property
This well-maintained 4-bedroom, 3-bath home sits on a fully fenced .25-acre lot with an electric gate, just 3 miles from Downtown Naples. A separate IN-LAW SUITE with private entrance and full bath provides excellent investment or multigenerational potential. The kitchen features quartz countertops, a glass tile backsplash, and updated appliances, while the home also offers fresh exterior paint and tile flooring throughout. No rental restrictions make this an excellent full-time residence or income-producing property in a prime location. The spacious backyard with lush landscaping, mango trees, hibiscus, and plenty of room for outdoor enjoyment or even a future pool-without HOA restrictions. The wide side yard and EXTRA PARKING will easily accommodate a trailer or boat storage off the driveway. Built in 2007 with solid CONCRETE BLOCK construction, the home has no storm damage and a large wraparound porch perfect for outdoor living. Don't miss the chance to own a versatile Naples property that blends comfort, convenience, and income potential-all just minutes from the beach and 5th Ave. THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER, INQUIRE FOR MORE DETAILS**
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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 East Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017