3828 Ruby Way
About This Property
As you approach the house, you'll be greeted by beautifully landscaped grounds and paver walking paths on both sides, adding to its excellent curb appeal. The roof is just a year old, ensuring longevity and peace of mind for future homeowners. Inside, the home boasts practical features including a central vacuum system and a reverse osmosis water filter in the kitchen, enhancing daily convenience.
The open and spacious kitchen is designed for functionality and ease of use, ideal for preparing meals and entertaining. Adjacent to the kitchen is an open living room offering sweeping south-facing views of the heated pool and a wide lake view beyond, creating a seamless flow of indoor and outdoor living spaces.
The master bedroom is spacious and offers direct access to the lanai, providing a private retreat for relaxation. The master bathroom includes two separate areas for added comfort and convenience.
The south-facing lanai is a standout feature, ensuring the pool enjoys sunlight throughout the day. This outdoor space is perfect for both relaxing and entertaining, enhancing the overall livability of the home.
Located close to downtown Naples, this home is just minutes away from beautiful beaches, shopping, fine dining, and everyday amenities. Additionally, it is less than 15 minutes to Marco Island, offering further opportunities for leisure and recreation. The neighborhood is known for its desirable location, combining tranquility with accessibility to urban conveniences.
3828 Ruby Way is one of the most affordably priced homes in this coveted community, offering excellent value without compromising on quality or location. This is a prime opportunity to own a well-maintained, feature-rich property in one of Naples' most desirable neighborhoods. Don't miss out on the chance to make this house your new home.
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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 Royal Fakapalm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017