26782 Stardust Dr · Bonita Springs, FL 34135

$162,500

2 bd · 2.0 ba · 1,632 sqft · Manufactured public records · 180 Days on market

Built 1975 5,706 sqft lot

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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 +4.1/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor Special: High-Potential Property with NO HOA in Bonita Springs Attention Investors & Renovators! This 2-bedroom, 2-bath double-wide manufactured home in the heart of Bonita Springs is the project you’ve been waiting for—whether you’re aiming for a profitable flip or a strong rental addition to your portfolio. Solid Foundation for Success • Durable metal roof already in place • Interior requires full renovation, offering a blank canvas • Generous additional living space expands the layout and possibilities Flexible Square Footage The oversized addition can be transformed into: • A spacious 3rd bedroom • An executive home

Key facts

• Durable metal roof
• Private lot
• No hoa

Tags

• NO HOA
• DURABLE METAL ROOF
• FLEXIBLE SQUARE FOOTAGE
• PRIVATE LOT
• PRISTINE GULF ACCESS

Property features AI

Finance

• Other: Zoning: MH-1; Lot dimensions approximately 60 x 95 (total area 1,888); Lot size about 0.1310 acres; Canal width: none; 1 unit in building / complex; Single-floor building; Possession at closing
• HOA & community: Community type: Non-gated; HOA maintenance includes cable

Exterior

• Parking: Common parking; Attached garage with 1 garage space
• Utilities: Central water; Central sewer; Cable available
• Home design: Residential property; Manufactured building design; Single-story; Rear faces north; Located in LEITNER CREEK MANOR development
• Construction: Wood frame construction; Built in 1975
• Exterior features: Built-up or flat roof; Windows — see remarks; Regular lot

Interior

• Bedrooms: 2 bedrooms; Split bedroom layout
• Bathrooms: 2 full bathrooms; Master bath with combined tub and shower
• Heating & cooling: Central electric heating; Wall unit heating; Central electric cooling; Wall unit cooling
• Interior features: See remarks for specific interior details; Unfurnished; Other floor plan

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $162k.

Deal economics

• At list price, monthly cash flow is $773 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $162k).
• Recommended offer: $143k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.1% vs local median 1.7% in Bonita Springs — 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 70/100 on livability (#428 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A; Watch: schools C-, cost of living C-, health & safety D.
• Lee (suburban): math 47% / reading 50% proficiency, ranked #42 of 73 in FL (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.6%/yr); 835 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
• This rent runs 38% of the median local income ($91k/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 $5k of value loss. Plan a longer hold.
• Lee County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $46k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 180 days — a 12% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $60k; list at $162k implies a 171% 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→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $143,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 180 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — 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. 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: 1.79% ✓
• Cap rate: 15.15%
• Cash-on-cash: 31.63%
• DSCR: 2.41
• GRM: 4.7

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: 8.6%
• Equity multiple: 1.32×
• Total profit: $14,649
• Equity at exit: $24,229

10-year hold

• IRR: 14.5%
• Equity multiple: 1.97×
• Total profit: $44,355
• Equity at exit: $14,050

Cash invested: $45,500 (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 34135

• Rents YoY: -0.6%
• Active inventory: 835
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $2,911 high
• Mortgage (P&I): −$852
• Tax from tax record: −$180 /mo · $2,162/yr
• Insurance: −$68
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$611
• Net cashflow: $773

Break-even live

Break-even rent $1,932

Max offer price $162,500

Occupancy floor 68%

Sensitivity live

Price	-10% $865	-5% $819	+0% $773	+5% $727	+10% $681
Rent	-10% $543	-5% $658	+0% $773	+5% $888	+10% $1,003
Rate	-1.0pp $855	-0.5pp $814	base $773	+0.5pp $731	+1.0pp $688

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: $40,625
• Closing costs: $4,875
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
26978 Wildwood Pines Ln Bonita Springs, FL	3.0	2.0	1672	$2,850	$1.70	24d	1	0.31mi
11495 Forest Mere Dr Bonita Springs, FL	3.0	2.0	1422	$2,400	$1.69	24d	1	0.33mi
26760 Silverado East Dr Bonita Springs, FL	3.0	2.5	1278	$2,700	$2.11	4d	1	0.43mi
26560 Southern Pines Dr Bonita Springs, FL	2.0	2.5	1200	$1,850	$1.54	4d	1	0.52mi
10839 Sea Coral Ct Bonita Springs, FL	3.0	3.0	2167	$6,500	$3.00	24d	1	0.64mi
26197 Palace Ln #102 Bonita Springs, FL	2.0	2.0	1279	$4,200	$3.28	24d	1	0.66mi
11305 Monte Carlo Blvd #202 Bonita Springs, FL	3.0	2.0	1532	$5,500	$3.59	24d	1	0.70mi
11305 Monte Carlo Blvd #202 Bonita Springs, FL	3.0	2.0	1532	$2,980	$1.95	12d	1	0.70mi
27376 Imperial Oaks Cir Bonita Springs, FL	3.0	2.0	1719	$3,500	$2.04	11d	1	0.71mi
26141 Palace Ln #201 Bonita Springs, FL	3.0	2.0	1661	$2,500	$1.51	24d	1	0.76mi
26414 Doverstone St Bonita Springs, FL	3.0	2.0	2162	$3,000	$1.39	24d	1	0.78mi
27302 Dortch Ave Bonita Springs, FL	3.0	2.0	1400	$3,100	$2.21	3d	1	0.80mi
27310 Dortch Ave Bonita Springs, FL	3.0	2.0	1400	$2,850	$2.04	14d	1	0.81mi
26728 Little John Ct #7 Bonita Springs, FL	2.0	2.0	1208	$1,895	$1.57	24d	1	0.90mi
12243 Londonderry Ln Bonita Springs, FL	2.0	2.0	1518	$2,165	$1.43	24d	1	0.92mi
26747 Little John Ct #10 Bonita Springs, FL	2.0	2.0	1208	$1,895	$1.57	24d	1	0.92mi
26741 Little John Ct #16 Bonita Springs, FL	2.0	2.0	1208	$1,895	$1.57	24d	1	0.94mi
12303 Londonderry Ln Unit 12303 Bonita Springs, FL	2.0	2.0	1518	$2,165	$1.43	24d	1	0.97mi
12349 Londonderry Ln Bonita Springs, FL	2.0	2.0	1142	$2,295	$2.01	24d	1	1.00mi
12341 Notting Hill Ln #25 Bonita Springs, FL	3.0	2.0	1523	$2,150	$1.41	24d	1	1.04mi
26407 Lucky Stone Rd #201 Bonita Springs, FL	3.0	2.0	2178	$3,200	$1.47	24d	1	1.06mi
12361 Notting Hill Ln #44 Bonita Springs, FL	3.0	2.0	1900	$2,195	$1.16	24d	1	1.08mi
10522 Yorkstone Dr Bonita Springs, FL	3.0	3.0	2032	$6,000	$2.95	24d	1	1.08mi
28000 Crest Preserve Cir Bonita Springs, FL	1.0–2.0	1.0–2.0	897	$2,519	$2.81	3d	23	1.14mi
27044 Williams Rd Bonita Springs, FL	3.0	3.0	1600	$6,900	$4.31	24d	1	1.26mi
10328 Windley Key Ter Bonita Springs, FL	3.0	2.0	1400	$2,600	$1.86	15d	1	1.27mi
26175 Bonita Fairways Blvd Bonita Springs, FL	3.0	2.0	1308	$3,000	$2.29	16d	1	1.30mi
27180 Williams Rd Bonita Springs, FL	3.0	2.0	2044	$10,000	$4.89	24d	1	1.30mi
26208 Bonita Fairways Blvd Bonita Springs, FL	3.0	2.0	1940	$3,400	$1.75	16d	1	1.31mi
26240 Bonita Fairways Blvd Bonita Springs, FL	3.0	2.5	1704	$2,999	$1.76	22d	1	1.35mi
26239 Bonita Fairways Cir Bonita Springs, FL	2.0	2.0	1088	$2,500	$2.30	24d	1	1.42mi

Listing history 13 events

1. 2026-06-17
   days on market $162,500 Active 180 DOM
2. 2026-06-16
   days on market $162,500 Active 179 DOM
3. 2026-06-15
   days on market $162,500 Active 178 DOM
4. 2026-06-13
   days on market $162,500 Active 176 DOM
5. 2026-06-10
   days on market $162,500 Active 173 DOM
6. 2026-06-09
   days on market $162,500 Active 172 DOM
7. 2026-06-07
   days on market $162,500 Active 170 DOM
8. 2026-06-02
   days on market $162,500 Active 165 DOM
9. 2026-06-01
   days on market $162,500 Active 164 DOM
10. 2026-06-01
    days on market $162,500 Active 163 DOM
11. 2025-12-19
    listed $162,500 Active
12. 2004-07-30
    soldstatus $60,000
13. 2004-04-09
    soldstatus $60,000

ⓘ 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: $2,162 · $180/mo
• Projected year-2 tax: $2,162 · $180/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone AE · 57% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 30 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,928
• − Mortgage interest: −$9,103
• − Property taxes: −$2,162
• − Insurance: −$5,931
• − Repairs & maintenance: −$2,794
• − Management: −$2,794
• − Depreciation: −$4,727
• Taxable income: $7,416
• Est. tax owed @ 24.0%: −$1,780
• After-tax cash flow: $7,494/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: Lee
• NCES district ID: 1201080
• Math proficiency: 47% ▼ -11.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $49,518
• Composite: 41.49/100
• National rank: #3458
• State rank: #42 of 73 in FL

Livability — Bonita Springs

• Score: 70/100
• State rank: #428
• US rank: #7576

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bonita Springs, FL
• County: Lee County · 788,662 people
• City population: 64,727
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 48,252
• Household income: $91,380
• Rent vs Own: 17.7% rent · 82.3% own
• Severe rent burden: 976.0

Population outlook (Lee County) Hauer SSP2

• Today (2025): 871,946 people
• By 2030: 955,468 · +9.6%
• By 2040: 1,113,587 · +27.7%
• By 2050: 1,256,891 · +44.1%
• By 2075: 1,560,270 · +78.9%
• By 2100: 1,726,848 · +98.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Hispanic / Latino 26% Two or more races 13% Native American 3% Black 2%
• Hispanic origin (detail): Mexican 8% Puerto Rican 4% Cuban 3%
• Common ancestry: Romanian 5% Lithuanian 2% Slovak 2%
• Foreign-born: 22% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 21% French/Haitian/Cajun 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Lee

• 2024 margin: Strong R (+28.4) · D 35.5% · R 63.9%
• 2008→2024 swing: -18.0pp toward R · 2008: -10.4pp · 2024: -28.4pp
• All cycles: 2024: R+28.4 2020: R+19.2 2016: R+20.4 2012: R+16.6 2008: R+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -188.86%
• Current HPI: 243.4153
• Rent YoY: ▼ -0.61%
• Metro: Cape Coral-Fort Myers, 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

+170.8% since first listed

3 events — show timeline

• 2025-12-19 Listed $162,500 BEARMLS
• 2004-07-30 Sold (Public Records) $60,000 Public Records
• 2004-04-09 Sold (Public Records) $60,000 Public Records

Property tax history

+6.9%/yr

Latest (2025): $2,162 · +9.0% YoY. Source: county tax records.