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Naples receives 1.1 million overnight tourists each year. Tourists visiting Walt Disney and International Drive tend to stay on the southwest, at a maximum driving distance from the parks of 15 miles or 20 minutes. Short term rentals are allowed outside of Orlando, towards the south west. In this research study we will focus on single family homes for families of 4 or 5 visiting the parks.

East of Royal Harbor

East of Royal Harbor Tin City, Naples Bay Resort Club and the famous beaches of Olde Naples. Median monthly income is $4,268 with an estimated occupancy rate of 80% for a two bedroom single family home with a nightly rate of $182.

Home prices in this particular area are lower than in Royal Harbor with similar occupancy rates. Median home price for our target area is $750,000.

Home prices in this particular area are lower than in Royal Harbor with similar occupancy rates. Median home price for our target area is $750,000. Estimated Cap Rate for single family homes in this area is 5.1%. This area presents high levels of occupancy and low seasonality. The buyer should consider evaluating properties below $450,000 to optimize Capitalization Rates.

East of Park Shore

This neighborhood is close to clam pass beach, Naples Zoo and Water side shops. Median monthly income is $5,304 with an estimated occupancy rate of 80% for a two bedroom single family home with a nightly rate of $221.

Home prices in this particular area are lower than in Royal Harbor with similar occupancy rates. Price range in the area is $295,000 to 850,000. The median home price for our target area is $650,000.

The reader should pick properties between 295,000 to 495,000 to ensure a Capitalization Rate (Cap Rate) over 10%. To calculate Cap Rate you can use our calculator for free with this link.

Conclusion

East of Park Shore presents the highest occupancy rates and fair prices to optimize returns for investors. Our favorite picks for investors in East Park Shore are the following: