Naples Park is quite a sort after location for seasonal and annual renters due to the convenient location and as a result, many people looking to invest in rental income producing properties look to purchase in the area too. Our office is at Naples Park on US41 so we are very familiar with the sales prices and rentals too. Rentals rates vary on property size, age, condition and proximity to the water but as a guide, annual rate range from around $1,000 up $2,500 with the bulk renting for around $1,500. Some of these lower annual rents are rented long term and unfurnished as the owners look for a long term steady income throughout the year.
Seasonal rates range from $1,000 up to $5,000 with the bulk is under $2,000. Out of season rate vary. Some owners charge the same rate throughout the year while some drop the rate by 50%. (Naples Park is a competitive rental area.) When thinking of which type to focus on, remember that if your renting seasonal, it needs to be fully furnished (extra investment needed and to maintain) and there is a 6% tourist tax to be paid on seasonal rentals, where as if you decide to focus on the long term annual rentals, you usually rent unfurnished (saving cash outlay) and the tourist tax doesnâ€™t apply. As an owner, you need to be sure the property is maintained well so you should pay for such as lawn care, pool maintenance and the like but then pass the cost to the tenant.Hope that helps you to get started.