One or more photo(s) has been virtually staged, AI generated or
rendered. This truly is the perfect single family home at a
small condo price! Leawood Lakes is a real sleeper community
in the heart of Naples, the locals know about Leawood and that's
exactly why sales are so hard to come by, and especially when the
really nice ones come to market, they are snatched up really quick.
This location is just minutes from I-75, Naples 5th Ave and the
beaches. Best of all the HOA is ONLY $130 per month, that's crazy
when you consider a single family home with an HOA in the heart of
Naples for yep $130 bucks per month. Leawood Lakes is a family
friendly, pet friendly community that loves their neighbors and
appreciates their quiet, quaint community they live in. This home
has been a labor of love from the beginning. When this home was
purchased by the current owner he spent countless hours and no
expense spared on this renovation. The time and attention to detail
show everywhere, this property is so clean you can literally eat
off the floors, even the interior and exterior paint jobs were done
by a licensed union painter with over 25 years experience. From the
beginning the goal was simple to renovate this home to perfection,
some of the improvements and coasts were Interior painting of
walls, ceilings and trim, primer and 2 coats $16,500.00. , Exterior
paint job, primer, filler and 2 coats $12,250.00, Garage primed and
paint, plus epoxy finish floor $3,500.00, Brazilian quartz kitchen
countertops and backsplash and bar top plus sink basin $30,500.00,
Bathroom countertops plus sink basin's $3,000.00, Diagonal ceramic
floor, ceramic base $28,500.00, Appliances $25,000.00, Ceiling Fans
$1,200.00, Air conditioning condenser and tune up $2,000.00,
Painted & screened in lanai $3,000.00, Clusia hedge around the home
for complete privacy $7,500.00. That's over $100,000.00 spent so
you don't have to. To own a single family home with a garage that
is centrally located in Naples that literally needs nothing at a
small condo price with no garage or yard is almost impossible to
find, but wait there's more don't forget the mini HOA fee of only
$130 per month. Ya I'd say this house is a winner by anyone's
standards.
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.
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