Edison Plan · Ave Maria, FL 34142

$359,999

5 bd · 2.5 ba · 2,112 sqft · SingleFamily · 243 Days on market

Good condition Garage

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Why this score? — see what drove the D+ 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 +11.5/30.0
• ARV discount +7.5/15.0
• Schools +6.0/10.0
• Appreciation +4.5/10.0
• Condition / age +4.0/5.0
• DSCR +3.4/10.0
• 1% rule +3.3/10.0
• Rent growth +3.2/5.0
• Livability +2.5/5.0

Listing remarks

The first floor of this new two-story home is host to an open-concept layout that combines the kitchen with the living and dining areas, and an outdoor patio is easily reached off the main living space. Upstairs, five bedrooms surround a versatile loft, including the peaceful owner's suite, complete with a generous walk-in closet and en-suite bathroom.

Key facts

• Walk-in closet
• En-suite bathroom
• Outdoor patio

Tags

• OPEN-CONCEPT LAYOUT
• OUTDOOR PATIO
• VERSATILE LOFT
• WALK-IN CLOSET
• EN-SUITE BATHROOM

🏗️ New construction. The $359,999 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $435,000.

What this means for you Summary

Snapshot

• This is a 5-bed/2.5-bath single-family listed at $360k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-145 ($-2k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $360k).
• Recommended offer: $317k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.9% vs local median 3.9% in Ave Maria — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade D — 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: Estates Elementary School (math 70% / reading 67%, grade B+, #409 of 2,144 statewide, top 20%, 862 students, 53% FRL); Corkscrew Middle School (math 68% / reading 59%, grade B+, #109 of 571 statewide, top 19%, 958 students, 43% FRL); Palmetto Ridge High School (math 43% / reading 51%, grade D-, #207 of 667 statewide, top 32%, 2,347 students, 38% FRL).
• Market conditions: Rents rising (+3.0%/yr); 695 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 46% of comp listings sitting > 30 days — soft ceiling on asking rent; 3,520 units permitted in Collier County in 2024 (959 in 5+ unit buildings).
• At $3,621/mo this rent would consume 70% of the median local household income ($62k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-1.1%/yr); year-one equity from $3k of loan paydown is wiped out by about $5k 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 243 days — a 12% lower offer ($317k) is reasonable based on typical stale-listing flexibility.

Recommended offer $316,799 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 243 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.83% ✗
• Cap rate: 5.89%
• Cash-on-cash: -1.43%
• DSCR: 0.94
• GRM: 10.0

CMA / ARV

• ARV (median comp): $435,000
• List price: $359,999
• Delta: -17.24%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4761 Espiritu Way	0.00mi	4/3.0 (-1)	1,933 (-8%)	1mo	$435,000	$225	78
4758 Espiritu Way	0.00mi	4/3.0 (-1)	1,933 (-8%)	5mo	$420,000	$217	74
4834 Corrado Way	0.18mi	4/3.0 (-1)	2,341 (+11%)	1mo	$435,000	$186	66
4149 Madison St	0.30mi	4/2.0 (-1)	1,959 (-7%)	3mo	$399,000	$204	65
4377 Annapolis Ave	0.43mi	4/3.0 (-1)	2,099 (-1%)	13mo	$425,000	$202	61
4410 Kentucky Way	0.22mi	4/2.0 (-1)	1,959 (-7%)	16mo	$475,000	$242	58
4173 Madison St	0.31mi	4/2.0 (-1)	1,959 (-7%)	14mo	$357,500	$182	54
4377 Steinbeck Way	0.37mi	4/2.0 (-1)	1,959 (-7%)	17mo	$375,000	$191	49
4368 Annapolis Ave	0.46mi	4/2.0 (-1)	1,850 (-12%)	10mo	$398,000	$215	43
4308 Annapolis Ave	0.46mi	4/2.0 (-1)	1,850 (-12%)	12mo	$410,000	$222	41
4379 Hudson Way	0.55mi	4/2.0 (-1)	1,850 (-12%)	16mo	$416,000	$225	34
4342 Washington Pl	0.71mi	4/3.0 (-1)	2,298 (+9%)	17mo	$515,000	$224	31

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

Projected returns pro-forma

-1.05% appreciation · 2.95% rent growth · sell at horizon

5-year hold

• IRR: -8.2%
• Equity multiple: 0.65×
• Total profit: $-43,083
• Equity at exit: $103,998

10-year hold

• IRR: -1.4%
• Equity multiple: 0.87×
• Total profit: $-15,501
• Equity at exit: $108,350

Cash invested: $121,800 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 38 active · 12 under contract
• Months of supply: 32.6 mo (3%/mo absorbed)
• Median asking: $472,495 ($208/sqft)
• Median days on market: 107 d
• This list price: 13% of active listings are priced below it
• ARV vs active asking: -0.8% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34142

• Home prices YoY: -0.5%
• Rents YoY: 3.0%
• Active inventory: 695
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $3,621 high
• Mortgage (P&I): −$2,281
• Tax est. 1.5%: −$544 /mo · $6,525/yr
• Insurance: −$181
• HOA: −$0
• Vacancy / Maint / Mgmt: −$760
• Net cashflow: $-145

Break-even live

Break-even rent $3,805

Max offer price $413,970

Occupancy floor 99%

Sensitivity live

Price	-10% $155	-5% $5	+0% $-145	+5% $-296	+10% $-446
Rent	-10% $-431	-5% $-288	+0% $-145	+5% $-2	+10% $141
Rate	-1.0pp $74	-0.5pp $-35	base $-145	+0.5pp $-258	+1.0pp $-373

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: $108,750
• Closing costs: $13,050
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4383 Hudson Way Ave Maria, FL	4.0	3.0	2080	$3,500	$1.68	10d	1	0.54mi
4819 Frattina St Ave Maria, FL	4.0	3.5	1978	$3,200	$1.62	51d	1	0.55mi
4843 Frattina St Ave Maria, FL	4.0	3.0	2588	$3,300	$1.28	164d	1	0.63mi
5104 Salerno St Ave Maria, FL	4.0	3.0	2341	$5,595	$2.39	164d	1	0.67mi
4390 Battlecreek Way Ave Maria, FL	4.0	2.5	2060	$3,295	$1.60	164d	1	0.74mi
4919 Frattina St Ave Maria, FL	4.0	3.0	2350	$3,300	$1.40	10d	1	0.80mi
5169 Roma St Ave Maria, FL	4.0	3.0	2874	$5,995	$2.09	164d	1	0.85mi
5169 Roma St Ave Maria, FL	4.0	3.0	2874	$3,995	$1.39	9d	1	0.85mi
5820 Gambero Way Ave Maria, FL	4.0	3.0	2611	$2,700	$1.03	8d	1	0.86mi
5065 Gambero Way Ave Maria, FL	4.0	3.0	2557	$3,250	$1.27	162d	1	0.92mi
5081 Gambero Way Ave Maria, FL	4.0	2.5	2256	$3,100	$1.37	0d	1	0.92mi
5077 Gambero Way Ave Maria, FL	4.0	2.5	2256	$3,000	$1.33	10d	1	0.92mi
4957 Gambero Way Unit 4957 Ave Maria, FL	4.0	3.0	1500	$3,400	$2.27	6d	1	0.93mi
4961 Gambero Way Ave Maria, FL	4.0	2.5	2851	$2,995	$1.05	123d	1	0.94mi
5114 Penella Ave Ave Maria, FL	4.0	3.0	2588	$3,195	$1.23	10d	1	1.14mi
5114 Penella Ave Ave Maria, FL	4.0	3.0	2599	$3,195	$1.23	162d	1	1.14mi
5124 Nevola Ave Ave Maria, FL	4.0	3.0	1918	$2,760	$1.44	38d	1	1.22mi
5124 Nevola Ave Ave Maria, FL	4.0	3.0	1918	$2,760	$1.44	10d	1	1.22mi
5124 Nevola Ave Ave Maria, FL	4.0	3.0	1903	$2,650	$1.39	5d	1	1.22mi
5120 Nevola Ave Ave Maria, FL	4.0	3.0	2273	$3,500	$1.54	152d	1	1.22mi
5545 Hampton Links Ct #5545 Ave Maria, FL	4.0	3.0	2400	$9,000	$3.75	2d	1	1.30mi
5545 Hampton Links Ct #5545 Ave Maria, FL	4.0	3.0	2400	$9,000	$3.75	164d	1	1.30mi
5545 Hampton Links Ct Ave Maria, FL	4.0	3.0	2247	$8,500	$3.78	164d	1	1.30mi
5412 Fancourt Links Way Ave Maria, FL	4.0	3.0	2247	$8,000	$3.56	162d	1	1.31mi
5419 Fancourt Links Way Ave Maria, FL	4.0	3.0	2247	$5,950	$2.65	9d	1	1.32mi
5447 Ferris Ave Ave Maria, FL	4.0	3.5	2260	$2,300	$1.02	19d	1	1.38mi
5447 Ferris Ave Ave Maria, FL	4.0	3.5	2260	$2,300	$1.02	10d	1	1.38mi
5510 Useppa Dr Ave Maria, FL	4.0	4.0	2051	$2,400	$1.17	10d	1	1.40mi

Property features AI

Finance

• Financial info: List price $359,999

Exterior

• Parking: 2 parking spaces (2 in garage)
• Home design: Single-family plan homeAddress: Ave Maria, FL (4659 Espiritu Way)
• Exterior features: Living area 2,112

Interior

• Bedrooms: 5 bedrooms
• Bathrooms: 2 full bathrooms and 1 half bathroom (2.5 total)
• Interior features: Plan name: EdisonNew construction (Plan)

Listing history 50 events

1. 2026-11-08
   days on market $359,999 Active 243 DOM
2. 2026-11-07
   days on market $359,999 Active 242 DOM
3. 2026-11-07
   days on market $359,999 Active 241 DOM
4. 2026-11-05
   days on market $359,999 Active 240 DOM
5. 2026-11-04
   days on market $359,999 Active 239 DOM
6. 2026-11-02
   days on market $359,999 Active 237 DOM
7. 2026-11-01
   days on market $359,999 Active 236 DOM
8. 2026-10-31
   days on market $359,999 Active 235 DOM
9. 2026-10-30
   days on market $359,999 Active 234 DOM
10. 2026-10-29
    days on market $359,999 Active 233 DOM
11. 2026-10-28
    days on market $359,999 Active 232 DOM
12. 2026-10-27
    days on market $359,999 Active 231 DOM
13. 2026-10-26
    days on market $359,999 Active 230 DOM
14. 2026-10-25
    days on market $359,999 Active 229 DOM
15. 2026-10-24
    days on market $359,999 Active 228 DOM
16. 2026-10-23
    days on market $359,999 Active 227 DOM
17. 2026-10-22
    days on market $359,999 Active 226 DOM
18. 2026-10-21
    days on market $359,999 Active 225 DOM
19. 2026-10-20
    days on market $359,999 Active 224 DOM
20. 2026-10-19
    days on market $359,999 Active 223 DOM
21. 2026-10-18
    days on market $359,999 Active 222 DOM
22. 2026-10-17
    days on market $359,999 Active 221 DOM
23. 2026-10-16
    days on market $359,999 Active 220 DOM
24. 2026-10-15
    days on market $359,999 Active 219 DOM
25. 2026-10-14
    days on market $359,999 Active 218 DOM
26. 2026-10-13
    days on market $359,999 Active 217 DOM
27. 2026-10-12
    days on market $359,999 Active 216 DOM
28. 2026-10-11
    days on market $359,999 Active 215 DOM
29. 2026-10-10
    days on market $359,999 Active 214 DOM
30. 2026-10-09
    days on market $359,999 Active 213 DOM
31. 2026-10-08
    days on market $359,999 Active 212 DOM
32. 2026-10-07
    days on market $359,999 Active 211 DOM
33. 2026-10-07
    days on market $359,999 Active 210 DOM
34. 2026-10-05
    days on market $359,999 Active 209 DOM
35. 2026-10-04
    days on market $359,999 Active 208 DOM
36. 2026-10-04
    days on market $359,999 Active 207 DOM
37. 2026-10-02
    days on market $359,999 Active 206 DOM
38. 2026-10-01
    days on market $359,999 Active 205 DOM
39. 2026-09-29
    days on market $359,999 Active 203 DOM
40. 2026-09-28
    days on market $359,999 Active 202 DOM
41. 2026-09-26
    days on market $359,999 Active 200 DOM
42. 2026-09-25
    days on market $359,999 Active 199 DOM
43. 2026-09-24
    days on market $359,999 Active 198 DOM
44. 2026-09-23
    days on market $359,999 Active 197 DOM
45. 2026-09-22
    days on market $359,999 Active 196 DOM
46. 2026-09-20
    days on market $359,999 Active 194 DOM
47. 2026-09-18
    days on market $359,999 Active 192 DOM
48. 2026-09-17
    days on market $359,999 Active 191 DOM
49. 2026-09-16
    days on market $359,999 Active 190 DOM
50. 2026-09-15
    days on market $359,999 Active 189 DOM

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

Taxation est. · year 1

• Rental income: $43,456
• − Mortgage interest: −$24,367
• − Property taxes: −$6,525
• − Insurance: −$2,175
• − Repairs & maintenance: −$3,476
• − Management: −$3,476
• − Depreciation: −$12,655
• Taxable loss: −$9,218
• Est. tax savings @ 24.0%: +$2,212
• After-tax cash flow: $468/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.

Condition & rehab AI · 13 photos

Good 80/100 Cosmetic rehab Est. rehab $10,560–$31,680 screening

This two-story home features a modern open-concept layout with good condition throughout. Minor updates to exterior siding and shower curtain would significantly enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace shower curtain — Freshens bathroom and adds value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 60/100

Zoned Schools

Elementary Estates Elementary School B+ FL #409/2,144 Nat'l #4,125/41,679 Middle Corkscrew Middle School B+ FL #109/571 Nat'l #1,406/14,009 High Palmetto Ridge High School D- FL #207/667 Nat'l #6,330/17,239

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 — Ave Maria

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

Census & demographics

• Census place: Ave Maria, FL
• County: Collier County · 420,858 people
• Metro: Naples-Marco Island, FL
• Population (ZIP): 35,149
• Household income: $62,333
• Rent vs Own: 48.7% rent · 51.3% own
• Severe rent burden: 12% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (63%)
• Race & ethnicity: Hispanic / Latino 63% Two or more races 39% Black 19% White 16% Native American 7%
• Hispanic origin (detail): Mexican 43% Puerto Rican 3% Cuban 2% Dominican 1%
• Languages at home: 34% English-only · Spanish 53% French/Haitian/Cajun 12%

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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: ▼ -1.05%
• Current HPI: 226.9105
• Rent YoY: ▲ 2.95%
• Metro: Naples-Marco Island, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

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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

Property features AI

Finance

• Financial info: List price $359,999

Exterior

• Parking: 2 parking spaces (2 in garage)
• Home design: Single-family plan homeAddress: Ave Maria, FL (4659 Espiritu Way)
• Exterior features: Living area 2,112

Interior

• Bedrooms: 5 bedrooms
• Bathrooms: 2 full bathrooms and 1 half bathroom (2.5 total)
• Interior features: Plan name: EdisonNew construction (Plan)