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$425,000

For Sale - Active
2928 Hawthorne Ct, Naples, FL 34104
2 Beds
1 Bath
792 Square Feet
0.00 Acres Lot
Built in 1958
For Sale - Active
1 Units
Checked: 6 hours ago
Updated: Sep 01, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
-$863
Cap Rate
3.7%
Cash-on-Cash Return
-10.6%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.3%

Property Description


0.00 Acres Lot
Built in 1958
For Sale - Active
1 Units

This charming cottage is a picture of possibility and allure—an intimate retreat just five minutes from the heart of downtown Naples and the vibrant energy of Fifth Avenue South. Nestled quietly at the end of a cul-de-sac, the home offers both privacy and tranquility, free from the bustle of traffic. Inside, two cozy dens and a full bath create a flexible layout—perfect as a cherished starter home, a delightful seasonal getaway, or a smart investment property with excellent rental potential, whether annual, seasonal, weekly, or even daily. Step outside and you’ll discover a backyard that whispers of “Old Florida”—lush, timeless, and enchanting—set upon a unique pie-shaped lot that expands your sense of space and possibility. With no costly HOA fees, this home invites freedom as well as charm. Perhaps you’ll fall in love with its cottage character, or perhaps you’ll envision a fresh canvas—building your dream residence just moments from Olde Naples, where white sand beaches and golden sunsets await. Romance lives here, whether in the quiet embrace of a sweet cottage or the promise of a new beginning by the Gulf.

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Location


Property Details


Parking

  • Description: Carport
  • Details: Attached Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 0
  • # of Stories: 1

Exterior Features

  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 22420560001
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other, See Remarks
  • Year Built: 1958

Tax Information

  • Annual Tax: $2,444

Utilities

  • Water & Sewer: Public
  • Heating: Wall Furnace
  • Cooling: Wall Unit(s)

Location

  • County: Collier

Listing Details


Listed by:
Robert Nardi
WeichertRealtors-ParadiseHomes
(239) 293-3592

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225066649
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$863
Cap Rate
3.7%
Cash-on-Cash Return
-10.6%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.3%

Purchase Details

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Purchase price:
$425,000
Amount financed:
-$340,000
Down payment:
$85,000
Closing costs:
$12,750
Rehab costs:
$0
Initial cash invested:
$97,750
Square feet:
792
Cost per square foot:
$537
Monthly rent per square foot:
$2.78

Financing Details

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Loan amount:
$340,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,177
Property tax:
$204
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,535

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$204-$2,444
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$754-$9,044

Cash Flow


Monthly Yearly
Net operating income:
$1,314 $15,768
Mortgage payments:
-$2,177 -$26,124
Cash flow:
$863 $10,356