693 95TH Avenue N
About This Property
Naples Park remains one of Naples' most sought-after non-gated communities due to its unbeatable location and redevelopment potential. Just minutes away, the vibrant shops, dining, and entertainment of the Mercato and the upscale boutiques and restaurants of Waterside Shops offer convenient access to world-class amenities. The property is also a short drive to Naples' renowned white-sand beaches and the iconic downtown districts of Fifth Avenue South and Third Street South, known for their fine dining, art galleries, boutique shopping, and year-round cultural events.
This is a rare opportunity to secure a property in one of Naples Park's most coveted locations, with endless potential to renovate, rebuild, or enjoy as-is. Roof only eight years old. Electric storm shutters, except for panels on two small windows. High land -- X500 flood zone.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017