Welcome to Riviera Golf Estates, one of Naples' most affordable and
desirable 55+ communities! This spacious, TURNKEY home is situated
on a beautiful lot with no rear neighbors, offering a wonderful
sense of privacy. Featuring 1,296 square feet of living space under
air, plus an additional 120-square-foot enclosed and screened
lanai, this home offers plenty of room to relax and enjoy the
Florida lifestyle. Vaulted ceilings and laminate flooring
throughout create a bright, open feel, while numerous updates
provide added peace of mind. Improvements include a newer A/C
system and ductwork, a NEW carport, and a roof that's just 2½ years
old! A private well for lawn irrigation is another great bonus.
At Riviera Golf Estates, you OWN THE LAND beneath your home!
Residents enjoy an abundance of amenities, including, but not
limited to, a heated community pool, tennis and pickleball courts,
an exercise room, and a lively calendar of social events and
recreational activities. Low HOA fees even include basic cable!
Conveniently located just a short drive from the charm of downtown
Naples, our beautiful white-sand beaches, fabulous shopping, and
exceptional dining, Riviera offers an affordable opportunity to
enjoy everything Southwest Florida has to offer. Whether you're
looking for a seasonal getaway or a year-round retreat, this home
is ready for you to move right in and start living the Naples
lifestyle!
Your own little piece of paradise awaits!
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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