Naples: dead last for rental returns

To make money in renting out homes, avoid Naples.

That's a takeaway from RealtyTrac's first quarter Single Family Rental Market Report, released March 31. One segment of the report analyzed single-family rental returns in 6,551 zip codes nationwide with a population of at least 2,500 people and sufficient rental and home price data, according to a statement.

The 34102 zip code in Naples is the lowest in the country for the first quarter, the data firm reports, with a .5% return. The low ranking is based on the economics of the zip code's housing market: A three-bedroom home, on average, rents for $1,430 a month. The median sales price for a home in that zip, meanwhile, is $3.174 million. (The 34102 zip code has multiple high-end neighborhoods with multimillion-dollar homes, including Royal Harbor and Old Naples.)