8951 Lely Island Circle
About This Property
Conveniently located just minutes from Naples' vibrant 5th Avenue & 3rd Street districts, sandy beaches and the picturesque Marco Island, one can enjoy fine dining, boutique shopping, and cultural experiences all within a short drive. After a day of exploration, you can relax by the pool and take in stunning sunset views on the expansive lanai which has been upgraded with portrait screens that enhance the Western exposure of this serene retreat.
Memberships to Lely Resort Golf & Country Club (including 1 private & 2 public courses) as well as the Players Club and Spa (offering resort-style pools, tennis, pickleball, tiki bar, dining and fitness for the whole family) are optional.
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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 South Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017