114 Enchanting Blvd · Naples, FL 34112

$149,000

2 bd · 2.0 ba · 960 sqft · Manufactured public records · 72 Days on market

Built 1971

---

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
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Enchanting Acres: 2 bedroom, 2 bath, Double wide manufactured home with a Florida room and a paved back patio. Covered carport and storage area with a washer and dryer. Well maintained home. Enchanting Acres is an active 55 plus community. Monthly fees cover water, sewer, trash, lawn care and use of amenities. Residents enjoy the shuffleboard court, clubhouse, pool and social activities. Minutes away from downtown Naples and Gulf of Mexico. Make your appointment today for a private viewing.

Key facts

• Open floor plan
• Front lanai
• Walk-in closet

Tags

• OPEN FLOOR PLAN
• WALK-IN CLOSET
• PRIVATE BATHROOM
• FRONT LANAI
• BACK PATIO
• STORAGE SHED

Property features AI

Finance

• Other: Located on lot/unit 114 within the community; Restrictions include architectural controls, deeded rules, limited number of vehicles, no commercial use, no corporate buyer
• HOA & community: Community type: Mobile/Manufactured, non-gated; Professional management; Community amenities include billiards, bocce court, clubhouse, community pool, library, shuffleboard; HOA covers lawn/land maintenance, legal/accounting, manager, exterior pest control, reserves, sewer, trash removal, water; Annual recurring fees: $3,936; One-time fees: $250

Exterior

• Parking: Attached carport (1 space)
• Utilities: Central water; Central and private sewer; Cable available
• Home design: Manufactured residential home; Single-story; Rear exposure faces north; Located in Enchanting Acres Mobile Home community
• Construction: Built in 1971; Aluminum siding exterior; Built-up or flat roof; Single hung windows; Manufactured building design
• Exterior features: Patio; Storage; Screened lanai/porch; Landscaped area view; Paved road access; Storm shutters (manual)

Interior

• Kitchen: Dishwasher; Range; Self-cleaning oven; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Vinyl
• Bathrooms: 2 full bathrooms; Master bathroom with shower only
• Heating & cooling: Wall unit heat; Wall unit cooling
• Interior features: Smoke detectors; Walk-in closet; Window coverings; Great room floor plan; Dining area in living room; 3 ceiling fans; Furnished
• Laundry & utility: Washer and dryer included; Washer/dryer hookup; Laundry located in garage

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $149k.

Deal economics

• At list price, monthly cash flow is $356 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $140k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 80/100 on livability (#126 in FL, #1,903 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, employment A+; Watch: commute D+, cost of living F.
• 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.
• Market conditions: Rents soft (-1.7%/yr); 771 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 36% of the median local income ($70k/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.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $71k; list at $149k implies a 110% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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.
8. 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.
9. 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: 1.40% ✓
• Cap rate: 12.59%
• Cash-on-cash: 22.50%
• DSCR: 2.00
• GRM: 5.9

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: -5.0%
• Equity multiple: 0.82×
• Total profit: $-7,420
• Equity at exit: $22,216

10-year hold

• IRR: -0.1%
• Equity multiple: 1.00×
• Total profit: $-169
• Equity at exit: $12,883

Cash invested: $41,720 (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 34112

• Rents YoY: -1.7%
• Active inventory: 771
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,090 high
• Mortgage (P&I): −$781
• Tax from tax record: −$25 /mo · $304/yr
• Insurance: −$62
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $356

Break-even live

Break-even rent $1,640

Max offer price $149,000

Occupancy floor 78%

Sensitivity live

Price	-10% $440	-5% $398	+0% $356	+5% $143	+10% $92
Rent	-10% $191	-5% $273	+0% $356	+5% $438	+10% $521
Rate	-1.0pp $431	-0.5pp $394	base $356	+0.5pp $317	+1.0pp $278

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3806 Guilford Rd Unit 4 Naples, FL	2.0	2.0	1100	$1,750	$1.59	24d	1	0.24mi
149 Palm Dr Unit 8617 Naples, FL	2.0	2.0	981	$2,000	$2.04	14d	1	0.48mi
3350 Putney Ct Naples, FL	1.0–3.0	1.0–2.0	1038	$2,986	$2.88	14d	26	0.52mi
4455 Botanical Place Cir Unit 5-104 Naples, FL	2.0	2.0	915	$1,795	$1.96	24d	1	0.54mi
4450 Botanical Place Cir Unit 6 Naples, FL	2.0	2.0	915	$1,895	$2.07	21d	1	0.56mi
131 Teryl Rd Unit C3 Naples, FL	2.0	2.0	1080	$3,495	$3.24	24d	1	0.58mi
131 Teryl Rd Unit 3UNIT 3 Naples, FL	2.0	2.0	1080	$1,750	$1.62	14d	1	0.58mi
3005 Gordon St Naples, FL	3.0	2.0	967	$2,275	$2.35	24d	1	0.58mi
3005 Gordon St Naples, FL	3.0	2.0	967	$2,275	$2.35	14d	1	0.58mi
159 Teryl Rd #2 Naples, FL	2.0	2.0	1080	$5,200	$4.81	14d	1	0.59mi
3619 Poplar Way Unit B Naples, FL	2.0	2.0	1045	$2,300	$2.20	24d	1	0.60mi
200 Palm Dr #7 Naples, FL	2.0	2.0	1010	$1,600	$1.58	14d	1	0.63mi
3655 Boca Ciega Dr #202 Naples, FL	2.0	2.0	966	$1,800	$1.86	24d	1	0.63mi
2840 Shoreview Dr Unit 7 Naples, FL	2.0	1.0	800	$2,000	$2.50	24d	1	0.64mi
3561 Thomasson Dr Naples, FL	2.0	2.0	1085	$8,000	$7.37	24d	1	0.65mi
4719 Alladin Ln Naples, FL	1.0–2.0	1.0–2.0	671	$1,895	$2.82	24d	2	0.66mi
2685 Van Buren Ave Naples, FL	2.0	2.0	865	$2,450	$2.83	24d	1	0.67mi
216 Palm Dr #5 Naples, FL	2.0	2.0	1010	$4,500	$4.46	14d	1	0.67mi
232 Palm Dr Unit 47-5 Naples, FL	2.0	2.0	1010	$2,500	$2.48	24d	1	0.70mi
4621 Bayshore Dr Naples, FL	2.0	2.0	886	$1,675	$1.89	24d	2	0.70mi
4607 Bayshore Dr Unit K7 Naples, FL	2.0	2.0	886	$1,650	$1.86	24d	1	0.70mi
3625 Boca Ciega Dr Naples, FL	2.0	2.0	930	$2,400	$2.58	24d	2	0.71mi
4611 Bayshore Dr Unit O8 Naples, FL	2.0	2.0	886	$1,650	$1.86	14d	1	0.72mi
240 Palm Dr Unit 48-1 Naples, FL	2.0	2.0	1100	$1,800	$1.64	24d	1	0.72mi
4629 Bayshore Dr Unit J7 Naples, FL	2.0	2.0	886	$1,600	$1.81	24d	1	0.73mi
4617 Bayshore Dr Unit H5 Naples, FL	2.0	2.0	886	$1,700	$1.92	24d	1	0.74mi
4603 Bayshore Dr Unit F8 Naples, FL	2.0	2.0	886	$2,550	$2.88	24d	1	0.74mi
4635 Bayshore Dr Unit P7 Naples, FL	2.0	2.0	886	$1,600	$1.81	14d	1	0.75mi
4615 Bayshore Dr Unit E8 Naples, FL	2.0	2.0	886	$1,600	$1.81	14d	1	0.76mi
256 Palm Dr #6 Naples, FL	2.0	2.0	1010	$4,500	$4.46	14d	1	0.76mi
4625 Bayshore Dr Unit D16 Naples, FL	2.0	2.0	885	$1,785	$2.02	24d	1	0.78mi
2093 Pine Isle Ln #2093 Naples, FL	2.0	2.0	927	$1,695	$1.83	24d	1	0.78mi
4290 Gulfstream Dr #5 Naples, FL	2.0	2.0	956	$1,600	$1.67	24d	1	0.82mi
4300 Gulfstream Dr Unit 2D Naples, FL	2.0	2.0	1115	$1,295	$1.16	24d	1	0.83mi
3190 Karen Dr Naples, FL	3.0	2.0	840	$1,900	$2.26	24d	1	0.92mi
4953 Bayshore Dr Naples, FL	2.0	1.0	886	$2,950	$3.33	14d	1	0.94mi
2155 Great Blue Dr Naples, FL	1.0–3.0	1.0–2.0	895	$1,910	$2.13	14d	43	0.96mi
2347 Bayside St Apt B Naples, FL	2.0	1.0	864	$1,595	$1.85	14d	1	0.99mi
4360 Petal Dr Naples, FL	3.0	1.0–2.0	1018	$2,566	$2.52	14d	37	1.03mi
2455 Thomasson Dr Unit B Naples, FL	2.0	2.0	958	$1,695	$1.77	24d	1	1.04mi

Listing history 12 events

1. 2026-06-18
   days on market $149,000 Active 72 DOM
2. 2026-06-17
   days on market $149,000 Active 71 DOM
3. 2026-06-16
   days on market $149,000 Active 70 DOM
4. 2026-06-15
   days on market $149,000 Active 69 DOM
5. 2026-06-14
   days on market $149,000 Active 67 DOM
6. 2026-06-10
   days on market $149,000 Active 64 DOM
7. 2026-06-09
   days on market $149,000 Active 63 DOM
8. 2026-06-08
   days on market $149,000 Active 62 DOM
9. 2026-06-07
   days on market $149,000 Active 61 DOM
10. 2026-06-03
    days on market $149,000 Active 57 DOM
11. 2026-06-03
    remarks 699-char remark
12. 2026-06-03
    listed $149,000 Active 56 DOM

ⓘ 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: $304 · $25/mo
• Projected year-2 tax: $1,237 · $103/mo
• Expected delta: +$933/yr (+$78/mo · 307.1%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 28 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,078
• − Mortgage interest: −$8,346
• − Property taxes: −$304
• − Insurance: −$5,864
• − Repairs & maintenance: −$2,006
• − Management: −$2,006
• − Depreciation: −$4,335
• Taxable income: $2,218
• Est. tax owed @ 24.0%: −$532
• After-tax cash flow: $3,736/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 — Naples

• Score: 80/100
• State rank: #126
• US rank: #1903

Category grades

Amenities A+ Commute D+ Cost of living F Crime A+ Employment A+ Housing C+ Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Collier County · 396,295 people
• City population: 344,941
• Metro: Naples-Marco Island, FL
• Population (ZIP): 27,193
• Household income: $69,842
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 980.0

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: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 18% Two or more races 9% Black 6% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 2% Cuban 4% Dominican 1%
• Common ancestry: Hispanic 4% Romanian 3% Portuguese 2%
• Foreign-born: 19% · Canada, Jamaica
• Languages at home: 75% English-only · Spanish 17% French/Haitian/Cajun 4% German/W. Germanic 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: ▼ -235.10%
• Current HPI: 256.9182
• Rent YoY: ▼ -1.69%
• 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

+109.9% since first listed

4 events — show timeline

• 2026-04-07 Listed $149,000 NAPLESMLS
• 2015-02-06 Price Changed $76,500 NAPLESMLS
• 2015-02-06 Sold (MLS) $71,000 NAPLESMLS
• 2014-11-05 Listed $71,000 NAPLESMLS

Property tax history

-4.3%/yr

Latest (2025): $304 · +5.6% YoY. Source: county tax records.