22 Ashe St · Alva, FL 33920

$105,000

2 bd · 2.0 ba · 1,040 sqft · Condo public records · 500 Days on market

Built 1984 $301/mo HOA · 16% of rent ↓ 13% since listing

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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 +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Priced to Sell! Serene 55+ Boating Community in Oak Park Village Co-Op Discover the hidden gem of Oak Park Village Co-Op, a tranquil 55+ retirement community located along the scenic Caloosahatchee River in Alva, Florida. This sought-after riverfront community is perfect for retirees who desire a boating lifestyle with top-notch amenities. This spacious two-bedroom, two-bath home features a large sunroom with a convenient second entrance, a newly added carport, and an expansive storage area that backs up to a picturesque pasture. The home is situated in an extremely active community with a low HOA fee of just $300 per month, covering essential services like lawn care, water, sewer, a com

Key facts

• Large sunroom
• Newly added carport
• Gulf access

Tags

• RIVERFRONT LIFESTYLE
• LARGE SUNROOM
• NEWLY ADDED CARPORT
• EXPANSIVE STORAGE AREA
• GULF ACCESS
• FISHING AND BOAT DOCK

Property features AI

Finance

• Other: Irrigation included in assessment; One unit in the community
• Financial info: Pets allowed on a conditional basis (call), maximum 1 pet up to 25 lbs
• HOA & community: Homeowners association with a monthly fee of $301; Association covers management, irrigation water, and grounds maintenance; Community amenities include clubhouse, fitness center, pool, boat facilities (dock, ramp, slip), marina, pier, park, picnic and barbecue areas, library, RV/boat storage, storage, and vehicle wash area; On-site management; Senior community; Non-gated community

Exterior

• Parking: Attached carport; Carport for 2 vehicles; Driveway (paved, two spaces); 2 covered spaces
• Security: Smoke detector(s)
• Utilities: Public water; Private sewer; Cable available
• Home design: Manufactured home with vinyl siding; One-story; Entry level: 1; Faces west; Resale property; Zoning: MH-2
• Construction: Shingle roof
• Exterior features: Glass-enclosed porch; Porch; Storage; Community pool; Rectangular lot; Private road with private maintenance; East exposure

Interior

• Kitchen: Refrigerator; Freezer; Eat-in kitchen
• Bedrooms: Primary bedroom on the main level; Guest quarters
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Ceiling fan(s)
• Interior features: Built-in features; Bedroom on main level; Eat-in kitchen; Combined family and dining area; Combined living and dining area; Main-level primary bedroom; Separate shower (shower only); Workshop; Furnishing negotiable; Jalousie and single-hung windows
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $105k.

Deal economics

• At list price, monthly cash flow is $516 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $105k).
• Recommended offer: $92k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#514 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, 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.
• Zoned schools: Veterans Park Academy For The Arts (math 41% / reading 45%, grade F, #1,366 of 2,144 statewide, top 64%, 2,133 students, 36% FRL); Oak Hammock Middle School (math 43% / reading 41%, grade D-, #340 of 571 statewide, top 61%, 1,563 students, 56% FRL); Lehigh Senior High School (math 23% / reading 45%, grade F, #394 of 667 statewide, top 60%, 2,476 students, 57% FRL).
• Market conditions: 460 active listings in the ZIP; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $726 of loan paydown is wiped out by about $3k 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 + 3.0% rent growth), your $29k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 500 days — a 12% lower offer ($92k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $92,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 500 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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.81% ✓
• Cap rate: 12.19%
• Cash-on-cash: 21.07%
• DSCR: 1.94
• GRM: 4.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 13.6%
• Equity multiple: 1.55×
• Total profit: $16,043
• Equity at exit: $15,656

10-year hold

• IRR: 22.6%
• Equity multiple: 2.94×
• Total profit: $57,052
• Equity at exit: $9,078

Cash invested: $29,400 (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 33920

• Home prices YoY: -11.8%
• Active inventory: 460
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,895 medium
• Mortgage (P&I): −$551
• Tax from tax record: −$86 /mo · $1,031/yr
• Insurance: −$44
• HOA: −$301
• Vacancy / Maint / Mgmt: −$398
• Net cashflow: $516

Break-even live

Break-even rent $1,242

Max offer price $105,000

Occupancy floor 68%

Sensitivity live

Price	-10% $576	-5% $546	+0% $516	+5% $486	+10% $457
Rent	-10% $366	-5% $441	+0% $516	+5% $591	+10% $666
Rate	-1.0pp $569	-0.5pp $543	base $516	+0.5pp $489	+1.0pp $461

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $301 · $3,612/yr
• Likely covers: watersewerlandscaping
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 5 events

1. 2026-06-01
   days on market $105,000 Active 500 DOM
2. 2026-06-01
   days on market $105,000 Active 499 DOM
3. 2026-04-09
   price $105,000
4. 2025-03-14
   price $119,000
5. 2025-01-17
   listed $121,000 Active

ⓘ 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: $1,031 · $86/mo
• Projected year-2 tax: $1,031 · $86/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 X (shaded) · 68% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 26 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: $22,745
• − Mortgage interest: −$5,882
• − Property taxes: −$1,031
• − Insurance: −$525
• − Repairs & maintenance: −$1,820
• − Management: −$1,820
• − HOA: −$3,612
• − Depreciation: −$3,055
• Taxable income: $5,002
• Est. tax owed @ 24.0%: −$1,200
• After-tax cash flow: $4,993/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 — Alva

• Score: 68/100
• State rank: #514
• US rank: #9471

Category grades

Amenities F Commute F Cost of living B 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: Alva, FL
• Population (ZIP): 7,689

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 (82%)
• Race & ethnicity: White 82% Hispanic / Latino 8% Two or more races 7% Asian 5% Black 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 6% Portuguese 5% German 3%
• Foreign-born: 11% · Canada, Vietnam
• Languages at home: 90% English-only · Spanish 5% Other Asian/Pacific 2% Vietnamese 2%

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: ▼ -47.83%
• Current HPI: 355.9229
• Rent YoY: —
• Metro: —
• 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

-13.2% since first listed

3 events — show timeline

• 2026-04-09 Price Changed $105,000 FORTMLS
• 2025-03-14 Price Changed $119,000 FORTMLS
• 2025-01-17 Listed $121,000 FORTMLS

Property tax history

+14.7%/yr

Latest (2025): $1,031 · +26.0% YoY. Source: county tax records.