435 Cheetah Dr #435 · Winding Cypress, FL 34114

$135,000

1 bd · 1.0 ba · 480 sqft · Condo public records · 30 Days on market

Built 1995 $299/mo HOA · 16% of rent

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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 +28.2/30.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Appreciation +4.3/10.0
• Rent growth +3.3/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

1995 CHARIOT TOP OF LINE PARK MODEL. WELL DECORATED AND FURNISHED. WASHER, DRYER, (NEW)DISHWASHER, MICROWAVE AND RAISED, ENCLOSED FLORIDA ROOM. SCREENED-IN BACK PORCH. SHARP UNIT - MUST SEE!

Key facts

• Metal roof
• Large eat-in kitchen
• Ample storage room

Tags

• HIGH CEILINGS
• REAR LANAI
• METAL ROOF
• VINYL EXTERIOR
• LARGE EAT-IN KITCHEN
• AMPLE STORAGE ROOM

Property features AI

Finance

• Other: Part of a large complex (546 units); Lot described as regular with paved road access; Reclaimed irrigation; Limited number of vehicles restriction
• HOA & community: Mandatory HOA; Quarterly condo fee; Professional management; Community amenities include clubhouse, community pool and spa, exercise room, tennis, pickleball, bocce, shuffleboard, billiards, library, fishing pier, dog park; Total annual recurring fees $3,592; One-time fees $150; Maintenance covers cable, lawn/land maintenance, sewer, water

Exterior

• Parking: Paved parking
• Security: Gated
• Utilities: Central water; Central sewer; Cable available
• Home design: Manufactured residential home; One story; Rear exposure faces south
• Construction: Manufactured construction; Vinyl siding exterior; Roof over; Built in 1995
• Exterior features: Patio; Shutters; Gated community

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator/Freezer
• Bedrooms: 1 bedroom
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 1 full bathroom; No master bath
• Heating & cooling: Central electric heat; Central electric cooling
• Interior features: Cable prewire; Window coverings; Eat-in kitchen; Screened lanai/porch; Furnished
• Laundry & utility: Washer; Dryer; Laundry in residence

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $135k.

Deal economics

• At list price, monthly cash flow is $3 ($33/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $133k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — 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.
• Market conditions: Rents rising (+3.2%/yr); 900 active listings in the ZIP; solid renter incomes; 3,520 units permitted in Collier County in 2024 (959 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.5%/yr); year-one equity from $933 of loan paydown is wiped out by about $2k 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 30 days — a 2% lower offer ($133k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 25y 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 $64k; list at $135k implies a 113% 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 $132,975 (1.5% below list)

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. 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.42% ✓
• Cap rate: 10.11%
• Cash-on-cash: 13.63%
• DSCR: 1.61
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-1.48% appreciation · 3.21% rent growth · sell at horizon

5-year hold

• IRR: -7.6%
• Equity multiple: 0.68×
• Total profit: $-12,099
• Equity at exit: $29,499

10-year hold

• IRR: 0.3%
• Equity multiple: 1.03×
• Total profit: $1,010
• Equity at exit: $28,416

Cash invested: $37,800 (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 →

ZIP-level market 34114

• Home prices YoY: -0.6%
• Rents YoY: 3.2%
• Active inventory: 900
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,923 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$26 /mo · $318/yr
• Insurance: −$56
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$299
• Vacancy / Maint / Mgmt: −$404
• Net cashflow: $3

Break-even live

Break-even rent $1,919

Max offer price $135,000

Occupancy floor 95%

Sensitivity live

Price	-10% $79	-5% $41	+0% $3	+5% $-35	+10% $-74
Rent	-10% $-149	-5% $-73	+0% $3	+5% $79	+10% $155
Rate	-1.0pp $71	-0.5pp $37	base $3	+0.5pp $-32	+1.0pp $-68

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $299 · $3,588/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 6 events

1. 2026-06-02
   status $135,000 Pending 30 DOM
2. 2026-05-21
   status Pending With Contingencies
3. 2026-04-21
   listed $135,000 Active
4. 2002-01-25
   soldstatus $63,500
5. 2001-11-09
   listed $63,500 190-char remark

   Show marketing remark (190 chars)

   1995 CHARIOT TOP OF LINE PARK MODEL. WELL DECORATED AND FURNISHED. WASHER, DRYER, (NEW)DISHWASHER, MICROWAVE AND RAISED, ENCLOSED FLORIDA ROOM. SCREENED-IN BACK PORCH. SHARP UNIT - MUST SEE!

6. 1987-12-01
   soldstatus $17,000

ⓘ 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: $318 · $26/mo
• Projected year-2 tax: $1,120 · $93/mo
• Expected delta: +$803/yr (+$67/mo · 252.5%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 30 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: $23,073
• − Mortgage interest: −$7,562
• − Property taxes: −$318
• − Insurance: −$5,794
• − Repairs & maintenance: −$1,846
• − Management: −$1,846
• − HOA: −$3,588
• − Depreciation: −$3,927
• Taxable loss: −$1,807
• Est. tax savings @ 24.0%: +$434
• After-tax cash flow: $467/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 — Winding Cypress

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

Census & demographics

• County: Collier County · 396,295 people
• Metro: Naples-Marco Island, FL
• Population (ZIP): 23,559
• Household income: $89,334
• Rent vs Own: 15.3% rent · 84.7% own
• Severe rent burden: 550.0

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 (72%)
• Race & ethnicity: White 72% Hispanic / Latino 17% Two or more races 13% Black 7%
• Hispanic origin (detail): Mexican 7% Puerto Rican 1% Cuban 3%
• Common ancestry: Hispanic 5% Romanian 4% Lithuanian 1%
• Foreign-born: 21% · Canada, Jamaica
• Languages at home: 75% English-only · Spanish 15% French/Haitian/Cajun 5% Other Indo-European 4%

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: ▼ -1.48%
• Current HPI: 266.5545
• Rent YoY: ▲ 3.21%
• 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

+694.1% since first listed

5 events — show timeline

• 2026-05-21 Pending — NAPLESMLS
• 2026-04-21 Listed $135,000 NAPLESMLS
• 2002-01-25 Sold (Public Records) $63,500 Public Records
• 2001-11-09 Listed $63,500 MIML
• 1987-12-01 Sold (Public Records) $17,000 Public Records

Property tax history

+0.7%/yr

Latest (2025): $318 · +5.9% YoY. Source: county tax records.