5385 Treetops DR #IR2
About This Property
The manager has listed the unit size as 865 square feet.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 10, 2023 | No longer available | - | |
| No longer available | |||
| Jan 30, 2023 | In contract | - | |
| In contract | |||
| Dec 14, 2022 | Listed | $199,000 | |
| Listed | |||
| | |||
|
Investors do not miss out on adding this two bedroom with two full bath property to your portfolio. This end unit offers a lake view from the screened in lanai. Currently there is a long-term renter in place, but the possibilities are endless. Treetops is a non-gated community with a pool that allows twelve leases a year for those who like short term rentals. Located just a short drive to downtown Naples, Marco Island, shopping, dining, white sandy beaches and all of the beautiful things Southwest Florida has to offer. All this for under 200k! The manager has listed the unit size as 865 square feet.
| |||
| Dec 3, 2022 | No longer available | - | |
| No longer available | |||
| Oct 14, 2022 | Listed | $199,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/21/2025
|
2 Bed
|
2 Bath
|
865 ft²
|
$205,000
2 Bed
2 Bath
865 ft²
|
-
-
|
Ronald Chavez
Premiere Plus Realty Company
| |
|
10/14/2022
|
2 Bed
|
2 Bath
|
865 ft²
|
$199,000
2 Bed
2 Bath
865 ft²
|
-
-
|
Chris Evensen
William Raveis Real Estate
|
Building Info
About South Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017