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$1,199,000

For Sale - Active
3196 Connecticut Ave, Naples, FL 34112
3 Beds
2 Baths
1,400 Square Feet
0.00 Acres Lot
Built in 2019
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Aug 19, 2025 at 10:02AM

Investment Summary


Monthly Cash Flow
-$3,320
Cap Rate
2.8%
Cash-on-Cash Return
-14.4%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-10.0%

Property Description


0.00 Acres Lot
Built in 2019
For Sale - Active
Units n/a

"REDUCED" REDUCED" "REDUCED " TEN FOOT CEILINGS THROUGHOUT. NO-HOA-$$$$$ Easy to maintain one of a kind, 3 bedroom, 2 bath home in an excelent, quiet and upcoming neighborhood. The home is large enough to entertain but easy to manage. Enormous fenced in back yard for gatherings with 10-foot-wide double gates on each side of the home! Six foot tall fence posts are filled with concrete & rebars for extra strength! 7 minutes to the World-Famous Naples Beach! Close to 5th Avenue Shopping, Dinning, Entertainment, Tin City, Downtown Naples, the Botanical Gardens and all the best schools Naples has to offer! The home is above flood level standards! Ceramic Tile floors throughout! Everything is on one level! Home Automation! Detached Hurricane rated workshop! Full lawn irrigation. 2 mi to the beach. 8 parking spaces above flood level

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage, Paved, GarageDoorOpener
  • Details: Attached, Driveway, Garage, Paved, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 61430880004
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other, Ranch, One Story
  • Year Built: 2019

Tax Information

  • Annual Tax: $3,394

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Location

  • County: Collier

Listing Details


Listed by:
Moe Mossa
Savvy Avenue, LLC
(888) 490-1268

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225060467
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$3,320
Cap Rate
2.8%
Cash-on-Cash Return
-14.4%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-10.0%

Purchase Details

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Purchase price:
$1,199,000
Amount financed:
-$959,200
Down payment:
$239,800
Closing costs:
$35,970
Rehab costs:
$0
Initial cash invested:
$275,770
Square feet:
1,400
Cost per square foot:
$856
Monthly rent per square foot:
$3.21

Financing Details

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Loan amount:
$959,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$6,142
Property tax:
$283
Insurance:
$315
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,740

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,500 $54,000
Vacancy loss: (6%)
6% -$270 -$3,240
Operating income:
$4,230 $50,760

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$283-$3,394
Insurance: (7%)
7%-$315-$3,780
Property management: (8%)
8%-$360-$4,320
Repairs & maintenance: (5%)
5%-$225-$2,700
Capital expenditures: (5%)
5%-$225-$2,700
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$1,408-$16,894

Cash Flow


Monthly Yearly
Net operating income:
$2,822 $33,864
Mortgage payments:
-$6,142 -$73,704
Cash flow:
$3,320 $39,840