5364 Texas Ave · Naples Manor, FL 34113

$450,000

3 bd · 2.0 ba · 1,416 sqft · SingleFamily public records · 10 Days on market

Built 2004 8,276 sqft lot Est $422k · 7% over

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Why this score? — see what drove the C 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 +25.8/30.0
• DSCR +8.6/10.0
• 1% rule +5.8/10.0
• Schools +5.0/10.0
• ARV discount +4.5/15.0
• Rent growth +3.9/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bank owned! Not a Short Sale! 3 BR 2 BA 1 car garage. Seller will pay 3% of buyers costs. Lender owned property, Pre-qualification letter or proof of funds must accompany all offers. Being sold As-is with right to inspect.

Key facts

• Large deck
• Fruit trees
• New roof

Tags

• LARGE DECK
• FRUIT TREES
• IMPACT-RESISTANT WINDOWS
• NEW ROOF

Property features AI

Finance

• Other: Located in the Naples Manor development; Lot is approximately 0.19 acres with landscaped area view
• HOA & community: Non-gated community; HOA maintenance covers sewer; Community offers extra storage and internet access

Exterior

• Parking: Attached 1-car garage
• Security: Impact resistant windows
• Utilities: Central water; Central sewer; Cable available
• Home design: Single-family residential home; One-story (Ranch) design; Rear exposure faces north
• Construction: Built in 2004; Concrete block construction; Stucco exterior finish; Shingle roof; Single-hung windows
• Exterior features: Fruit trees on property; Exterior storage

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Tile floors
• Bathrooms: 2 full bathrooms; Master bathroom with tub only
• Heating & cooling: Central electric heat; Central electric cooling
• Interior features: Smoke detectors; Formal dining area; Split-bedroom floor plan; Laundry located in the garage; Unfurnished
• Laundry & utility: Washer/dryer hookup; Laundry in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $450k.

Deal economics

• At list price, monthly cash flow is $666 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $450k).

Location & tenants

• Location reads 66/100 on livability (#615 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living B+; Watch: amenities F, commute F, employment D-.
• 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: Parkside Elementary School (math 54% / reading 45%, grade D, #1,088 of 2,144 statewide, top 53%, 608 students, 70% FRL); Manatee Middle School (math 61% / reading 43%, grade C+, #217 of 571 statewide, top 40%, 749 students, 64% FRL); Lely High School (math 40% / reading 39%, grade F, #304 of 667 statewide, top 47%, 1,504 students, 54% FRL).
• Market conditions: Rents rising fast (+5.6%/yr); 598 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,520 units permitted in Collier County in 2024 (959 in 5+ unit buildings).
• At $4,844/mo this rent would consume 71% of the median local household income ($82k/yr) (locally 954% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k 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 + 5.6% rent growth), your $126k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 17y 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 $78k; list at $450k implies a 478% 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→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $450,000

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.08% ✓
• Cap rate: 9.21%
• Cash-on-cash: 10.40%
• DSCR: 1.46
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $421,968
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5309 Warren St	0.74mi	3/2.0	1,451 (+2%)	9mo	$433,000	$298	54

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.59% rent growth · sell at horizon

5-year hold

• IRR: -3.6%
• Equity multiple: 0.86×
• Total profit: $-17,472
• Equity at exit: $67,096

10-year hold

• IRR: 8.9%
• Equity multiple: 1.76×
• Total profit: $95,837
• Equity at exit: $38,908

Cash invested: $126,000 (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 34113

• Rents YoY: 5.6%
• Active inventory: 598
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $4,844 high
• Mortgage (P&I): −$2,360
• Tax from tax record: −$187 /mo · $2,248/yr
• Insurance: −$188
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,017
• Net cashflow: $666

Break-even live

Break-even rent $4,002

Max offer price $450,000

Occupancy floor 81%

Sensitivity live

Price	-10% $920	-5% $793	+0% $666	+5% $538	+10% $411
Rent	-10% $283	-5% $474	+0% $666	+5% $857	+10% $1,048
Rate	-1.0pp $892	-0.5pp $780	base $666	+0.5pp $549	+1.0pp $430

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: $112,500
• Closing costs: $13,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6065 Divot Ct Naples, FL	3.0	2.0	1738	$10,000	$5.75	25d	1	0.22mi
6101 Dogleg Dr Naples, FL	3.0	2.0	1694	$12,000	$7.08	25d	1	0.29mi
5324 Treetops Dr Unit G-2 Naples, FL	2.0	2.0	878	$1,800	$2.05	15d	1	0.58mi
5379 Treetops Dr Unit M203 Naples, FL	2.0	2.0	950	$1,700	$1.79	25d	1	0.64mi
6769 Bent Grass Dr Naples, FL	2.0	2.0	1719	$10,500	$6.11	25d	1	0.64mi
6757 Bent Grass Dr Naples, FL	3.0	2.0	1719	$3,650	$2.12	25d	1	0.66mi
6719 Crowned Eagle Ln Naples, FL	3.0	2.0	1745	$3,850	$2.21	25d	1	0.66mi
5300 Treetops Dr Unit I206 Naples, FL	2.0	2.0	878	$1,850	$2.11	25d	1	0.67mi
5254 Treetops Dr Naples, FL	2.0	2.0	878	$1,700	$1.94	25d	1	0.67mi
6737 Bent Grass Dr Naples, FL	3.0	2.0	1745	$12,000	$6.88	25d	1	0.70mi
11496 Sumter Grove Cir Naples, FL	1.0–2.0	1.0–2.0	1067	$2,134	$2.00	15d	14	0.70mi
6971 Amen Corner Ct Naples, FL	3.0	2.0	1749	$12,000	$6.86	25d	1	0.73mi
494 Saint Andrews Blvd Naples, FL	3.0	2.0	1700	$2,800	$1.65	25d	1	0.83mi
6815 Ascot Dr #102 Naples, FL	3.0	2.0	1632	$7,500	$4.60	25d	1	0.90mi
5293 Dixie Dr Unit 1546039P Naples, FL	2.0	2.0	1130	$1,561	$1.38	15d	1	0.96mi
24 Cheyenne Trl Naples, FL	2.0	2.0	888	$3,500	$3.94	15d	1	0.97mi
8432 Indian Wells Way Naples, FL	3.0	2.0	1746	$3,495	$2.00	15d	1	0.98mi
332 Bradstrom Cir #201 Naples, FL	2.0	2.0	1257	$2,200	$1.75	25d	1	0.99mi
326 Bradstrom Cir Unit 204F Naples, FL	3.0	2.0	1200	$3,500	$2.92	25d	1	1.01mi
326 Bradstrom Cir Unit 103F Naples, FL	2.0	2.0	1113	$1,800	$1.62	25d	1	1.01mi
8468 Indian Wells Way Naples, FL	3.0	2.0	1704	$10,500	$6.16	25d	1	1.04mi
8036 Belmont Ct Unit 1073497P Naples, FL	3.0	2.0	1840	$5,316	$2.89	25d	1	1.05mi
315 Saint Andrews Blvd Unit A25 Naples, FL	2.0	2.0	1126	$1,530	$1.36	25d	1	1.06mi
8161 Twelve Oaks Cir #512 Naples, FL	2.0	2.0	1066	$5,000	$4.69	25d	1	1.08mi
265 Deerwood Cir Naples, FL	2.0	2.0	1179	$5,000	$4.24	25d	1	1.10mi
9115 Napoli Ct #101 Naples, FL	3.0	2.0	1741	$9,500	$5.46	25d	1	1.13mi
248 Pebble Beach Cir Unit G201 Naples, FL	2.0	2.0	1163	$2,300	$1.98	25d	1	1.14mi
9512 Napoli Ln Unit 101 Naples, FL	3.0	2.0	1741	$10,000	$5.74	15d	1	1.15mi
7100 Falcons Glen Blvd Naples, FL	3.0	2.0	1650	$10,000	$6.06	25d	1	1.16mi
7112 Falcons Glen Blvd Naples, FL	3.0	2.0	1786	$14,000	$7.84	25d	1	1.17mi
255 Pine Valley Cir Naples, FL	3.0	1.5	1574	$3,500	$2.22	25d	1	1.17mi
9022 Michael Cir Unit 2-205 Naples, FL	2.0	2.0	1450	$3,500	$2.41	25d	1	1.20mi
452 Bristle Cone Ln #27 Naples, FL	2.0	2.0	1129	$2,000	$1.77	25d	1	1.21mi
7955 Mahogany Run Ln #515 Naples, FL	2.0	2.0	1244	$8,925	$7.17	25d	1	1.21mi
7955 Mahogany Run Ln Unit 1504173P Naples, FL	3.0	2.0	1442	$5,840	$4.05	15d	1	1.21mi
7940 Mahogany Run Ln #623 Naples, FL	2.0	2.0	1389	$8,000	$5.76	25d	1	1.22mi
520 Augusta Blvd Unit B204 Naples, FL	3.0	2.0	1294	$2,200	$1.70	25d	1	1.22mi
640 Augusta Blvd Naples, FL	2.0	2.0	1634	$2,700	$1.65	25d	1	1.23mi
9175 Michael Cir #4 Naples, FL	3.0	2.0	1639	$3,195	$1.95	15d	1	1.24mi
7930 Mahogany Run Ln #826 Naples, FL	3.0	2.0	1454	$9,450	$6.50	25d	1	1.25mi

Listing history 10 events

1. 2026-05-14
   status Pending
2. 2026-05-04
   listed $450,000 Active
3. 2026-05-04
   historical
4. 2026-02-27
   price $470,000
5. 2025-11-10
   price $485,000
6. 2025-09-01
   price $505,000
7. 2025-07-28
   listed $525,000 Active
8. 2009-03-27
   soldstatus $77,900 224-char remark

   Show marketing remark (224 chars)

   Bank owned! Not a Short Sale! 3 BR 2 BA 1 car garage. Seller will pay 3% of buyers costs. Lender owned property, Pre-qualification letter or proof of funds must accompany all offers. Being sold As-is with right to inspect.

9. 2009-02-09
   listed $79,900 224-char remark

   Show marketing remark (224 chars)

   Bank owned! Not a Short Sale! 3 BR 2 BA 1 car garage. Seller will pay 3% of buyers costs. Lender owned property, Pre-qualification letter or proof of funds must accompany all offers. Being sold As-is with right to inspect.

10. 2006-08-02
    soldstatus $318,000

ⓘ 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: $2,248 · $187/mo
• Projected year-2 tax: $3,735 · $311/mo
• Expected delta: +$1,487/yr (+$124/mo · 66.2%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone AE · 98% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 29 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: $58,129
• − Mortgage interest: −$25,207
• − Property taxes: −$2,248
• − Insurance: −$7,369
• − Repairs & maintenance: −$4,650
• − Management: −$4,650
• − Depreciation: −$13,091
• Taxable income: $914
• Est. tax owed @ 24.0%: −$219
• After-tax cash flow: $7,768/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 Manor

• Score: 66/100
• State rank: #615
• US rank: #11875

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Naples Manor, FL
• County: Collier County · 396,295 people
• Metro: Naples-Marco Island, FL
• Population (ZIP): 26,056
• Household income: $81,674
• Rent vs Own: 26.7% rent · 73.3% own
• Severe rent burden: 954.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 56% Hispanic / Latino 28% Black 12% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 17% Puerto Rican 3% Cuban 2%
• Common ancestry: Hispanic 10% Romanian 3% Lithuanian 2%
• Foreign-born: 26% · Canada, Jamaica, Vietnam
• Languages at home: 63% English-only · Spanish 24% French/Haitian/Cajun 9% Other Indo-European 2%

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: ▼ -194.86%
• Current HPI: 279.4232
• Rent YoY: ▲ 5.59%
• 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

+41.5% since first listed

10 events — show timeline

• 2026-05-14 Pending — NAPLESMLS
• 2026-05-04 Listing Removed — NAPLESMLS
• 2026-05-04 Listed $450,000 NAPLESMLS
• 2026-02-27 Price Changed $470,000 NAPLESMLS
• 2025-11-10 Price Changed $485,000 NAPLESMLS
• 2025-09-01 Price Changed $505,000 NAPLESMLS
• 2025-07-28 Listed $525,000 NAPLESMLS
• 2009-03-27 Sold (MLS) $77,900 NAPLESMLS
• 2009-02-09 Listed $79,900 NAPLESMLS
• 2006-08-02 Sold (Public Records) $318,000 Public Records

Property tax history

+9.3%/yr

Latest (2025): $2,248 · +11.6% YoY. Source: county tax records.