Corner Residential Income
For Sale
$339,900
5683 Mayflower Way, Naples, FL 34142
Residential, 2 Story, Carriage/Coach, Corner, Duplex, End-Unit, NAPLES, FL
Property Size1,815 SF
Price / SF$187.27
Days on Market33
Property Features for 5683 Mayflower Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Laundry Room, Den, Bedroom 2, Bedroom 1
Parking
1
Security features
Security System
Patio and Porch features
Porch
Interior features
Built-In Cabinets, Closet Cabinets, Fire Sprinkler, Laundry Tub, Pantry, Pull Down Stairs, Smoke Detectors, Vaulted Ceiling(s), Volume Ceiling, Walk-In Closet(s)
Exterior features
Screened Balcony, Screened Lanai/Porch
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Freezer, Refrigerator/Icemaker, Self Cleaning Oven, Washer
Subdivision
DEL WEBB
Lot features
Zero Lot Line, Zero Lot Line
Standard status
Active
APN
59940005187
Size
1,815 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
MAYFLOWER WAY SECTION IV A CONDOMINIUM UNIT 901
Tax Annual Amount
3683
HOA Fee
$9,420 Annually
Legal Description
MAYFLOWER WAY SECTION IV A CONDOMINIUM UNIT 901
Utilities
Heating system
Heat Pump (Heating), Electric (Heating), Central
Cooling system
Central Air, Heat Pump, Electric
Amenities
resort-style pool
tennis
pickleball
bocce
fitness center
clubhouse
walking trails
Building Details
Year built
2024
Floors in Building
2
Number of units
8
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
William Raveis Real Estate
(239) 529-5451
Listed By:
Jennifer Rosenwald · License #NAPLES-249526179
(239) 601-0605
Added: Aug 1
Changed: Aug 24
Last Checked: Sep 2 at 12:06PM
MLS# 226024776
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,815-square-foot residential income property, built in 2024, is positioned on a corner at the end of a cul-de-sac and includes three bedrooms, two bathrooms, and an attached one-car garage. The interior has an open layout with volume and vaulted ceilings, tile flooring, a kitchen with custom cabinetry, premium appliances, and a large pantry. Impact-resistant windows and doors, central electric heat-pump systems, and a screened lanai add practical comfort and outdoor living space.
Located in Del Webb at Ave Maria, the property is within a 55+ community offering a resort-style pool, tennis, pickleball, bocce, a fitness center, clubhouse, and walking trails. The home is in the town of Ave Maria and within driving distance of Naples, Gulf beaches, dining, shopping, entertainment, and golf.
Located in Del Webb at Ave Maria, the property is within a 55+ community offering a resort-style pool, tennis, pickleball, bocce, a fitness center, clubhouse, and walking trails. The home is in the town of Ave Maria and within driving distance of Naples, Gulf beaches, dining, shopping, entertainment, and golf.
Key Highlights
- 1,815‑square‑foot property built in 2024
- Three bedrooms, two bathrooms, and an attached one‑car garage
- Corner setting at the end of a cul‑de‑sac with preserve views
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,643
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,860
$492.9K
Cap Rate 7%
$352,043
$352.0K
Cap Rate 9%
$273,811
$273.8K
Market Conditions
NOI Build-Up for 1,815 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$47.3K $26.04/SF
− Vacancy
−$2.5K −$1.35/SF
EGI
$44.8K $24.69/SF
− OpEx
−$20.2K −$11.11/SF
NOI
$24.6K $13.58/SF
Area
Collier County, FL
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,860
Cap Rate 7%
$352,043
Cap Rate 9%
$273,811
Alternative Uses
Best Use
Apartment 5plus
$352.0K
$308.0K – $410.7K
NOI $24,643 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$728.4K
$637.4K – $849.9K
NOI $50,991 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 34142, FL
31,327
Population
10,002
Households
3.1
Avg Household Size
30
Median Age
15%
College-Educated
63%
High-School Grad
625.9 sq mi
ZIP Area
50
Density / Sq Mi
$57,656
Median Household Income
$27,809
Median Earnings
$989
Median Rent
$296,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-story corner residence with a screened lanai, attached garage, and access to 55+ community amenities.
Where is this residential income property located?
The property is located at 5683 Mayflower Way Naples, FL.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 1,815‑square‑foot property built in 2024; Three bedrooms, two bathrooms, and an attached one‑car garage; Corner setting at the end of a cul‑de‑sac with preserve views
