76 Atlantic Way #76 · Berkshire Lakes, FL 34104

$149,900

2 bd · 2.0 ba · 1,332 sqft · Manufactured public records · 150 Days on market

Built 1986 $162/mo HOA · 7% of rent ↓ 12% since listing

---

Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Location! Location! Location! Windjammer Village 55+ older community is a hidden Gem in the heart of Naples with very low maintenance fees and amazing amenities. Bring your Cash Buyers. .. .. Property being sold AS-IS with the right to inspect. .. . LARGE 1332 sq ft. 2 Bedroom/2 Bathroom with Carport. .Working Fireplace. .. .This home is all original inside and would make a fantastic Home with some modifications and updating, The floor plan is a Perfect layout for Florida Living. Each room has plenty of square footage and closet space. Extra storage outside with screened patio. .. Newer Roof and Siding Outside. .2017.. Come make this your new home. Priced to Sell. ..

Key facts

• Screened side patio
• Newer roof
• Fee-simple ownership

Tags

• FEE-SIMPLE OWNERSHIP
• OPEN LAYOUT
• FIREPLACE
• SCREENED SIDE PATIO
• NEWER ROOF
• NEWER SIDING

Property features AI

Finance

• Other: Part of a 212-unit complex with 1 unit per building and single-floor buildings; Possession available at closing (see remarks)
• Financial info: Taxes listed (not included per instructions)
• HOA & community: Mandatory HOA; Monthly condo fee of $162 (total annual recurring fees $1,944); One-time fees $200; Professional management; HOA maintenance covers cable, street maintenance, and trash removal; Community amenities: clubhouse, community pool, spa/hot tub, tennis court, basketball, shuffleboard, community room, bike storage, sidewalks, underground utilities, internet access

Exterior

• Parking: Attached carport (1 space)
• Security: Gated community
• Utilities: Central water; Central sewer; Cable available
• Home design: Residential manufactured home; 1 story (Ranch/Florida/Traditional); Rear exposure facing SW; Built in 1986; Located in Windjammer Village of Naples
• Construction: Manufactured construction; Vinyl siding exterior; Shingle roof; Single-hung windows; Foundation: (not specified)
• Exterior features: Patio; Private road; On-site storage; Tennis court; Landscaped view; Central irrigation; Paved road; Zero lot line; Deeded restrictions

Interior

• Kitchen: Cooktop (electric); Range; Dishwasher; Refrigerator; Freezer; Refrigerator/Freezer
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms; Master bathroom with shower (no tub)
• Heating & cooling: Central electric heat; Central electric air conditioning; Ceiling fans
• Interior features: Cable pre-wired; Fireplace; High-speed internet available; Smoke detectors; Volume ceilings; Built-in desk; Breakfast bar and eat-in kitchen / dining in living area; Family room; Screened lanai/porch; Laundry in residence; Negotiable furnishings; Great room floor plan
• Laundry & utility: Washer and dryer included; Washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $892 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Collier (suburban): math 60% / reading 56% proficiency, ranked #16 of 73 in FL (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Shadowlawn Elementary School (math 44% / reading 40%, grade F, #1,403 of 2,144 statewide, top 67%, 457 students, 72% FRL); Naples High School (math 47% / reading 52%, grade D, #179 of 667 statewide, top 29%, 1,719 students, 39% FRL) — zoned schools at 55% FRL track the district average.
• Zoned-school proficiency averages 46% at this address vs 58% district-wide (-12 pts) — the specific schools serving this property underperform the Collier average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-1.1%/yr); 436 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 3,520 units permitted in Collier County in 2024 (959 in 5+ unit buildings).
• This rent runs 41% of the median local income ($72k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Collier County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $42k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 150 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $19k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 150 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.65% ✓
• Cap rate: 13.43%
• Cash-on-cash: 25.49%
• DSCR: 2.13
• GRM: 5.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 15.6%
• Equity multiple: 1.60×
• Total profit: $25,319
• Equity at exit: $22,351

10-year hold

• IRR: 21.9%
• Equity multiple: 2.61×
• Total profit: $67,423
• Equity at exit: $12,961

Cash invested: $41,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34104

• Rents YoY: -1.1%
• Active inventory: 436
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $2,469 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$48 /mo · $578/yr
• Insurance: −$62
• HOA: −$162
• Vacancy / Maint / Mgmt: −$518
• Net cashflow: $892

Break-even live

Break-even rent $1,340

Max offer price $149,900

Occupancy floor 59%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6726 Sloane Pl Unit 1049716P Naples, FL	3.0	2.0	1872	$5,748	$3.07	14d	1	0.30mi
6643 Craven Hill Way Naples, FL	3.0	2.0	1384	$2,900	$2.10	14d	1	0.44mi
92 Glen Eagle Cir Naples, FL	3.0	2.0	1562	$12,000	$7.68	21d	1	0.53mi
6825 Sterling Greens Dr #102 Naples, FL	3.0	2.0	1499	$4,500	$3.00	23d	1	0.56mi
6816 Sterling Greens Dr Unit 1306 Naples, FL	3.0	2.0	1506	$2,900	$1.93	14d	1	0.60mi
6816 Sterling Greens Dr Unit 1105 Naples, FL	2.0	2.0	1243	$1,895	$1.52	14d	1	0.60mi
6816 Sterling Greens Pl #105 Naples, FL	2.0	2.0	1243	$1,895	$1.52	21d	1	0.60mi
6828 Sterling Greens Dr Unit 4105 Naples, FL	2.0	2.0	1242	$3,750	$3.02	14d	1	0.61mi
1025 Jardin Dr Naples, FL	3.0	3.0	1756	$5,000	$2.85	14d	1	0.61mi
6854 Sterling Greens Dr #201 Naples, FL	3.0	2.0	1727	$4,500	$2.61	14d	1	0.62mi
6871 Sterling Greens Dr #202 Naples, FL	2.0	2.0	1727	$5,500	$3.18	14d	1	0.62mi
697 Crossfield Cir Naples, FL	3.0	2.0	1764	$7,500	$4.25	23d	1	0.67mi
1499 Vintage Ln Naples, FL	3.0	2.0	1754	$9,000	$5.13	23d	1	0.69mi
1507 Vintage Ln Naples, FL	3.0	2.0	1874	$11,000	$5.87	23d	1	0.71mi
589 Lambton Ln Naples, FL	3.0	2.0	1823	$7,750	$4.25	23d	1	0.71mi
193 Fox Glen Dr Naples, FL	3.0	2.0	1345	$6,500	$4.83	23d	1	0.72mi
1106 Jardin Dr Naples, FL	3.0	3.0	1801	$8,500	$4.72	23d	1	0.72mi
443 Dundee Ct Naples, FL	3.0	2.0	1766	$8,000	$4.53	23d	1	0.72mi
7065 Dennis Cir #302 Naples, FL	2.0	2.0	1097	$4,000	$3.65	21d	1	0.76mi
5110 Brixton Ct Naples, FL	3.0	2.0	1717	$9,500	$5.53	21d	1	0.76mi
5301 Whitten Dr #81 Naples, FL	3.0	2.0	1386	$2,700	$1.95	23d	1	0.77mi
1526 Vintage Ln Naples, FL	3.0	2.0	1737	$10,000	$5.76	23d	1	0.77mi
914 Marble Dr Naples, FL	3.0	2.0	1715	$15,000	$8.75	14d	1	0.78mi
1051 Eastham Way Unit B104 Naples, FL	2.0	2.0	1091	$4,300	$3.94	14d	1	0.79mi
6700 Dennis Cir Unit A103 Naples, FL	2.0	2.0	1308	$2,000	$1.53	14d	1	0.81mi
613 Windsor Sq #101 Naples, FL	2.0	2.0	1316	$3,800	$2.89	23d	1	0.81mi
930 Marble Dr Naples, FL	3.0	2.0	1850	$9,000	$4.86	21d	1	0.83mi
1100 Eastham Way Unit A-105 Naples, FL	2.0	2.0	1184	$4,500	$3.80	14d	1	0.83mi
929 Marble Dr Naples, FL	3.0	2.0	1803	$9,000	$4.99	21d	1	0.84mi
2026 Terrazzo Ln Naples, FL	3.0	2.0	1856	$9,000	$4.85	23d	1	0.84mi
565 Windsor Sq #201 Naples, FL	3.0	2.0	1421	$3,800	$2.67	21d	1	0.85mi
5257 Whitten Dr Naples, FL	2.0	2.0	1500	$2,500	$1.67	14d	1	0.85mi
636 Windsor Sq #102 Naples, FL	2.0	2.0	1191	$3,750	$3.15	23d	1	0.86mi
800 New Waterford Dr #201 Naples, FL	2.0	2.0	1362	$2,440	$1.79	21d	1	0.86mi
541 Windsor Sq Unit 9 Naples, FL	2.0	2.0	1421	$2,500	$1.76	14d	1	0.87mi
1208 Chelmsford Ct #67 Naples, FL	2.0	2.0	1556	$9,000	$5.78	23d	1	0.91mi
505 Windsor Sq #201 Naples, FL	3.0	2.0	1191	$2,365	$1.99	14d	1	0.92mi
529 Mardel Dr #311 Naples, FL	2.0	2.0	1093	$3,500	$3.20	23d	1	0.93mi
717 Landover Cir #103 Naples, FL	2.0	2.0	1300	$3,800	$2.92	23d	1	0.98mi
915 New Waterford Dr Unit H201 Naples, FL	2.0	2.0	1362	$4,150	$3.05	14d	1	0.99mi

HOA detail

• Monthly dues: $162 · $1,944/yr

Listing history 22 events

1. 2026-06-18
   days on market $149,900 Active 150 DOM
2. 2026-06-17
   days on market $149,900 Active 149 DOM
3. 2026-06-16
   pricedays on market $149,900 Active 148 DOM
4. 2026-06-15
   days on market $152,000 Active 147 DOM
5. 2026-06-14
   days on market $152,000 Active 145 DOM
6. 2026-06-10
   days on market $152,000 Active 142 DOM
7. 2026-06-09
   days on market $152,000 Active 141 DOM
8. 2026-06-08
   days on market $152,000 Active 140 DOM
9. 2026-06-07
   days on market $152,000 Active 139 DOM
10. 2026-06-03
    days on market $152,000 Active 135 DOM
11. 2026-06-02
    days on market $152,000 Active 134 DOM
12. 2026-06-01
    days on market $152,000 Active 133 DOM
13. 2026-05-31
    days on market $152,000 Active 132 DOM
14. 2026-05-30
    days on market $152,000 Active 131 DOM
15. 2026-05-04
    price $154,000
16. 2026-04-17
    price $158,500
17. 2026-04-06
    price $164,500
18. 2026-01-19
    listed $168,500 Active
19. 2022-06-22
    soldstatus $165,000 Sold 676-char remark

    Show marketing remark (676 chars)

    Location! Location! Location! Windjammer Village 55+ older community is a hidden Gem in the heart of Naples with very low maintenance fees and amazing amenities. Bring your Cash Buyers. .. .. Property being sold AS-IS with the right to inspect. .. . LARGE 1332 sq ft. 2 Bedroom/2 Bathroom with Carport. .Working Fireplace. .. .This home is all original inside and would make a fantastic Home with some modifications and updating, The floor plan is a Perfect layout for Florida Living. Each room has plenty of square footage and closet space. Extra storage outside with screened patio. .. Newer Roof and Siding Outside. .2017.. Come make this your new home. Priced to Sell. ..

20. 2022-01-22
    status Pending 676-char remark

    Show marketing remark (676 chars)

    Location! Location! Location! Windjammer Village 55+ older community is a hidden Gem in the heart of Naples with very low maintenance fees and amazing amenities. Bring your Cash Buyers. .. .. Property being sold AS-IS with the right to inspect. .. . LARGE 1332 sq ft. 2 Bedroom/2 Bathroom with Carport. .Working Fireplace. .. .This home is all original inside and would make a fantastic Home with some modifications and updating, The floor plan is a Perfect layout for Florida Living. Each room has plenty of square footage and closet space. Extra storage outside with screened patio. .. Newer Roof and Siding Outside. .2017.. Come make this your new home. Priced to Sell. ..

21. 2021-11-30
    status Pending With Contingencies 676-char remark

    Show marketing remark (676 chars)

    Location! Location! Location! Windjammer Village 55+ older community is a hidden Gem in the heart of Naples with very low maintenance fees and amazing amenities. Bring your Cash Buyers. .. .. Property being sold AS-IS with the right to inspect. .. . LARGE 1332 sq ft. 2 Bedroom/2 Bathroom with Carport. .Working Fireplace. .. .This home is all original inside and would make a fantastic Home with some modifications and updating, The floor plan is a Perfect layout for Florida Living. Each room has plenty of square footage and closet space. Extra storage outside with screened patio. .. Newer Roof and Siding Outside. .2017.. Come make this your new home. Priced to Sell. ..

22. 2021-11-01
    listed $174,900 Active 676-char remark

    Show marketing remark (676 chars)

    Location! Location! Location! Windjammer Village 55+ older community is a hidden Gem in the heart of Naples with very low maintenance fees and amazing amenities. Bring your Cash Buyers. .. .. Property being sold AS-IS with the right to inspect. .. . LARGE 1332 sq ft. 2 Bedroom/2 Bathroom with Carport. .Working Fireplace. .. .This home is all original inside and would make a fantastic Home with some modifications and updating, The floor plan is a Perfect layout for Florida Living. Each room has plenty of square footage and closet space. Extra storage outside with screened patio. .. Newer Roof and Siding Outside. .2017.. Come make this your new home. Priced to Sell. ..

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $578 · $48/mo
• Projected year-2 tax: $1,244 · $104/mo
• Expected delta: +$666/yr (+$55/mo · 115.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 48% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,627
• − Mortgage interest: −$8,397
• − Property taxes: −$578
• − Insurance: −$750
• − Repairs & maintenance: −$2,370
• − Management: −$2,370
• − HOA: −$1,944
• − Depreciation: −$4,361
• Taxable income: $8,857
• Est. tax owed @ 24.0%: −$2,126
• After-tax cash flow: $8,575/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Collier
• NCES district ID: 1200330
• Math proficiency: 60% ▼ -4.00%
• Reading proficiency: 56% ▼ -2.00%
• Median HH income: $58,275
• Composite: 50.23/100
• National rank: #1892
• State rank: #16 of 73 in FL

Livability — Berkshire Lakes

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Collier County · 396,295 people
• Metro: Naples-Marco Island, FL
• Population (ZIP): 26,408
• Household income: $71,686
• Rent vs Own: 31.7% rent · 68.3% own
• Severe rent burden: 1423.0

Population outlook (Collier County) Hauer SSP2

• Today (2025): 420,858 people
• By 2030: 450,054 · +6.9%
• By 2040: 502,232 · +19.3%
• By 2050: 544,932 · +29.5%
• By 2075: 627,203 · +49.0%
• By 2100: 659,015 · +56.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Hispanic / Latino 30% Two or more races 19% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 7% Puerto Rican 3% Cuban 6% Dominican 1%
• Common ancestry: Lithuanian 6% Romanian 3% Hispanic 2%
• Foreign-born: 30% · Canada, Jamaica, Dominican Republic
• Languages at home: 66% English-only · Spanish 24% French/Haitian/Cajun 5% Russian/Polish/Slavic 1%

Political lean MEDSL · Collier

• 2024 margin: Solid R (+33.1) · D 33.1% · R 66.2%
• 2008→2024 swing: -10.6pp toward R · 2008: -22.5pp · 2024: -33.1pp
• All cycles: 2024: R+33.1 2020: R+24.7 2016: R+26.0 2012: R+30.1 2008: R+22.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -252.48%
• Current HPI: 259.3498
• Rent YoY: ▼ -1.10%
• Metro: Naples-Marco Island, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-11.9% since first listed

8 events — show timeline

• 2026-05-04 Price Changed $154,000 NAPLESMLS
• 2026-04-17 Price Changed $158,500 NAPLESMLS
• 2026-04-06 Price Changed $164,500 NAPLESMLS
• 2026-01-19 Listed $168,500 NAPLESMLS
• 2022-06-22 Sold (MLS) $165,000 NAPLESMLS
• 2022-01-22 Pending — NAPLESMLS
• 2021-11-30 Pending — NAPLESMLS
• 2021-11-01 Listed $174,900 NAPLESMLS

Property tax history

+7.3%/yr

Latest (2025): $578 · +4.3% YoY. Source: county tax records.