Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$699,000

For Sale - Active
2656 Mangrove St, Naples, FL 34112
4 Beds
2 Baths
0 Square Feet
0.00 Acres Lot
Built in 1972
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Jun 21, 2025 at 03:18AM

Investment Summary


Monthly Cash Flow
-$2,165
Cap Rate
2.5%
Cash-on-Cash Return
-16.2%
Debt Coverage Ratio
0.41
Internal Rate of Return (5 years)
-11.6%

Property Description


0.00 Acres Lot
Built in 1972
For Sale - Active
Units n/a

Location,location, location!!! In the heart of Naples, no HOA. With this duplex both apartments have two bedrooms, one bath each and large kitchens. One has tile throughout, the other has tile in the dining living room area and kitchen. There is new carpeting in the bedrooms. Each has it's own private fenced back yard, there is also a separate laundry room with hook ups. They both have spacious front yards, and plenty of parking . It is ready to move in as the tenants are vacating. This duplex will be sold with the three units next door ( 2662 Mangrove St.} and will make over a half an acre parcel. It has 2 separate PID;s and it is perfect for an investor to Airbnb or simply to rent out. This is a must see gem!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Roof Material: Shingle

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: 48730840000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Duplex
  • Style: Duplex
  • Year Built: 1972

Tax Information

  • Annual Tax: $2,887

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Location

  • County: Collier

Listing Details


Listed by:
Kathy Smith
Downing Frye Realty Inc.
(239) 821-3008

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225051167
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$2,165
Cap Rate
2.5%
Cash-on-Cash Return
-16.2%
Debt Coverage Ratio
0.41
Internal Rate of Return (5 years)
-11.6%

Purchase Details

Find an Agent

Purchase price:
$699,000
Amount financed:
-$559,200
Down payment:
$139,800
Closing costs:
$20,970
Rehab costs:
$0
Initial cash invested:
$160,770
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

Find a Lender

Loan amount:
$559,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$3,649
Property tax:
$241
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,065

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$241-$2,888
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$866-$10,388

Cash Flow


Monthly Yearly
Net operating income:
$1,484 $17,808
Mortgage payments:
-$3,649 -$43,788
Cash flow:
$2,165 $25,980