773 Wiggins Lake Dr #104 · Naples, FL
Flood risk 9/10 · Severe
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.99%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 107°F)
- 7 days/yr
- Hot days in 30 yrs
- 30 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the A- 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
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Schools +6.9/10.0
- Livability +4.0/5.0
- Rent growth +2.2/5.0
- Condition / age +2.2/5.0
- Appreciation +0.0/10.0
$230,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
C. 15226 - A BEAUTIFUL REMODEL with so many upgrades & quality finishes that today's buyers are looking for! First-floor living with peaceful preserve views. A soft gray color palette & exquisite light fixtures enhance the great room floor plan that’s anchored by an all-new kitchen sporting espresso shaker-style cabinets, porcelain tile counters that extend into a breakfast bar & Samsung stainless appliances. Tile flooring graces the main living & extends into the screened lanai whose pocketing sliders create a seamless flow among interior & exterior. Both generous sized bedrooms are blanketed in quality laminate & both tastefully renovated full baths feature porcelain surround showers. The master bath also boasts marble-topped vanities. Newer A/C & water heater. With 2 pools & tennis, Wiggins Lakes is a gem in North Naples close to Gulf beaches, among new construction in the multi-millions, biking distance to shops & restaurants & offers great seasonal & annual rental potential. Across the street, Tarpon Cove Yacht Club (memberships available) offers a boat shuttle to Wiggins Beach, tennis, a fitness center, a clubhouse with dining & social events, tiki bar, fire pit and pool.
Key facts
- Two swimming pools
- Remodeled kitchen
- Tennis courts
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $230k. Condition is rated fair.
Deal economics
- At list price, monthly cash flow is $2k ($21k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($5k rent vs $230k).
- Recommended offer: $216k (6.0% below list) — sets the bar for market timing.
- Cap rate 15.7% vs local median 2.4% in Naples — 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 80/100 on livability (#126 in FL, #1,903 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, employment A+; Watch: commute D+, cost of living F.
- 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: Naples Park Elementary School (math 67% / reading 57%, grade B, #608 of 2,144 statewide, top 29%, 395 students, 48% FRL); North Naples Middle School (math 79% / reading 73%, grade A, #34 of 571 statewide, top 6%, 903 students, 25% FRL); Gulf Coast High School (math 57% / reading 68%, grade B-, #93 of 667 statewide, top 14%, 2,447 students, 20% FRL) — zoned schools average 31% FRL vs 55% district-wide (24 pts lower); this property's tenant base skews higher-income than the district average.
- Market conditions: Rents soft (-1.1%/yr); 738 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 110d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,520 units permitted in Collier County in 2024 (959 in 5+ unit buildings).
- At $4,920/mo this rent would consume 61% of the median local household income ($98k/yr) (locally 17% 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 $2k of loan paydown is wiped out by about $7k 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 + 0.0% rent growth), your $64k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- It's been on market 88 days — a 6% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 15y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo.
- Climate carrying-cost: severe flood risk; 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.
Questions for the listing agent
- It's been on market 88 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- 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.
- 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.
- 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
- 2.14% ✓
- Cap rate
- 15.66%
- Cash-on-cash
- 33.46%
- DSCR
- 2.49
- GRM
- 3.9
CMA / ARV
- ARV (median comp)
- $384,430
- List price
- $230,000
- Delta
- -40.17%
- 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 |
|---|---|---|---|---|---|---|---|
| 765 Wiggins Lake Dr #103 | 0.13mi | 2/2.0 | 1,179 (0%) | 2mo | $245,000 | $208 | 92 |
| 622 Wiggins Bay Dr Unit C-22 | 0.15mi | 2/2.0 | 1,260 (+7%) | 3mo | $260,000 | $206 | 79 |
| 668 Wiggins Bay Dr Unit B25 | 0.16mi | 2/2.0 | 1,281 (+9%) | 1mo | $275,000 | $215 | 77 |
| 660 Wiggins Bay Dr Unit B21 | 0.15mi | 2/2.0 | 1,281 (+9%) | 2mo | $218,000 | $170 | 77 |
| 752 Wiggins Lake Dr #202 | 0.18mi | 2/2.0 | 1,402 (+19%) | 3mo | $375,000 | $267 | 64 |
| 688 Wiggins Lake Dr #201 | 0.19mi | 3/2.0 (+1) | 1,447 (+23%) | 2mo | $427,000 | $295 | 60 |
| 736 Wiggins Lake Dr #202 | 0.22mi | 3/2.0 (+1) | 1,447 (+23%) | 2mo | $355,000 | $245 | 58 |
| 270 Naples Cove Dr #3205 | 1.42mi | 2/2.0 | 1,267 (+8%) | 3mo | $264,500 | $209 | 50 |
| 17 Bluebill Ave #206 | 1.44mi | 2/2.0 | 1,328 (+13%) | 4mo | $673,000 | $507 | 41 |
| 1520 Imperial Golf Course Blvd #236 | 1.43mi | 2/2.0 | 1,456 (+24%) | 0mo | $370,000 | $254 | 40 |
| 13001 Imperial Park Pl | 1.09mi | 2/2.0 | 1,377 (+17%) | 3mo | $375,000 | $272 | 38 |
| 1140 Sarah Jean Cir Unit C206 | 0.74mi | 2/2.0 | 1,370 (+16%) | 4mo | $240,000 | $175 | 37 |
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 · 0.0% rent growth · sell at horizon
- IRR
- 23.3%
- Equity multiple
- 1.91×
- Total profit
- $58,857
- Equity at exit
- $34,294
- IRR
- 28.9%
- Equity multiple
- 3.16×
- Total profit
- $139,051
- Equity at exit
- $19,886
Cash invested: $64,400 (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
Active competition Active MLS
- For sale now
- 12 active · 5 under contract
- Median asking
- $305,500 ($233/sqft)
- Median days on market
- 102 d
- This list price
- 8% of active listings are priced below it
- ARV vs active asking
- +39.9% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 34110
- Rents YoY
- -1.1%
- Active inventory
- 738
- Price-to-rent
- 3.9×
Monthly cashflow live
- Estimated rent
- $4,920 high interval (Pro) →
- Mortgage (P&I)
- −$1,206
- Tax from tax record
- −$96 /mo · $1,153/yr
- Insurance
- −$96
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$693
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$1,033
- Net cashflow
- $1,729
Break-even live
Sensitivity live
| Price | -10% $1,859 | -5% $1,794 | +0% $1,729 | +5% $1,664 | +10% $1,599 |
|---|---|---|---|---|---|
| Rent | -10% $1,340 | -5% $1,535 | +0% $1,729 | +5% $1,923 | +10% $2,118 |
| Rate | -1.0pp $1,845 | -0.5pp $1,787 | base $1,729 | +0.5pp $1,669 | +1.0pp $1,609 |
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
- $57,500
- Closing costs
- $6,900
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 774 Wiggins Lake Dr #106 Naples, FL | 3.0 | 2.0 | 1374 | $6,500 | $4.73 | 119d | 1 | 0.05mi |
| 774 Wiggins Lake Dr #106 Naples, FL | 3.0 | 2.0 | 1374 | $6,500 | $4.73 | 6d | 1 | 0.05mi |
| 651 Wiggins Lake Dr #102 Naples, FL | 2.0 | 2.0 | 1487 | $6,000 | $4.03 | 6d | 1 | 0.09mi |
| 437 Wiggins Lake Ct #201 Naples, FL | 2.0 | 2.0 | 1283 | $4,500 | $3.51 | 119d | 1 | 0.11mi |
| 760 Wiggins Lake Dr #205 Naples, FL | 2.0 | 2.0 | 1179 | $5,500 | $4.66 | 119d | 1 | 0.15mi |
| 757 Wiggins Lake Dr #106 Naples, FL | 3.0 | 2.0 | 1374 | $6,000 | $4.37 | 119d | 1 | 0.16mi |
| 757 Wiggins Lake Dr #106 Naples, FL | 3.0 | 2.0 | 1374 | $6,000 | $4.37 | 109d | 1 | 0.17mi |
| 752 Wiggins Lake Dr #102 Naples, FL | 2.0 | 2.0 | 1402 | $2,375 | $1.69 | 116d | 1 | 0.18mi |
| 480 Bermuda Cove Way Unit 1-104 Naples, FL | 2.0 | 2.0 | 1372 | $4,250 | $3.10 | 119d | 1 | 0.21mi |
| 1337 Center Ln Naples, FL | 3.0 | 2.0 | 1500 | $4,300 | $2.87 | 119d | 1 | 0.32mi |
| 1337 Center Ln Naples, FL | 3.0 | 2.0 | 1500 | $4,490 | $2.99 | 6d | 1 | 0.32mi |
| 830 Wiggins Pass Rd #10 Naples, FL | 1.0 | 1.0 | 800 | $1,350 | $1.69 | 119d | 1 | 0.33mi |
| 360 Horse Creek Dr Naples, FL | 2.0 | 2.0 | 1589 | $5,250 | $3.30 | 109d | 4 | 0.34mi |
| 360 Horse Creek Dr Naples, FL | 2.0 | 2.0 | 1589 | $6,250 | $3.93 | 6d | 3 | 0.34mi |
| 1282 Belaire Ct Naples, FL | 3.0 | 3.5 | 1495 | $9,500 | $6.35 | 119d | 1 | 0.37mi |
| 340 Horse Creek Dr #304 Naples, FL | 2.0 | 2.0 | 1326 | $2,950 | $2.22 | 119d | 1 | 0.38mi |
| 320 Horse Creek Dr #105 Naples, FL | 2.0 | 2.0 | 1326 | $5,600 | $4.22 | 119d | 1 | 0.41mi |
| 300 Horse Creek Dr #408 Naples, FL | 2.0 | 2.0 | 1434 | $5,500 | $3.84 | 119d | 1 | 0.46mi |
| 975 Tarpon Cove Dr #204 Naples, FL | 3.0 | 2.0 | 1340 | $4,000 | $2.99 | 6d | 1 | 0.55mi |
| 1025 Tarpon Cove Dr #203 Naples, FL | 2.0 | 2.0 | 1225 | $5,500 | $4.49 | 109d | 1 | 0.62mi |
| 13105 Vanderbilt Dr Naples, FL | 2.0 | 2.0 | 1390 | $5,450 | $3.92 | 119d | 2 | 0.64mi |
| 13105 Vanderbilt Dr #808 Naples, FL | 2.0 | 2.0 | 1390 | $5,500 | $3.96 | 116d | 1 | 0.64mi |
| 13105 Vanderbilt Dr #808 Naples, FL | 2.0 | 2.0 | 1390 | $5,500 | $3.96 | 109d | 1 | 0.64mi |
| 12945 Vanderbilt Dr Naples, FL | 2.0 | 2.0 | 1151 | $5,250 | $4.56 | 6d | 2 | 0.64mi |
| 1120 Sarah Jean Cir Unit B205 Naples, FL | 3.0 | 2.0 | 1370 | $2,300 | $1.68 | 109d | 1 | 0.77mi |
| 615 Bougainvillea Ct Naples, FL | 1.0 | 1.0 | 750 | $1,400 | $1.87 | 6d | 1 | 0.78mi |
| 1150 Yesica Ann Cir Unit A205 Naples, FL | 2.0 | 2.0 | 1300 | $6,000 | $4.62 | 109d | 1 | 0.83mi |
| 953 Bunker Hill Dr Naples, FL | 2.0 | 2.0 | 1100 | $3,200 | $2.91 | 109d | 1 | 0.85mi |
| 513 Lake Louise Cir #202 Naples, FL | 2.0 | 2.0 | 1444 | $5,300 | $3.67 | 119d | 1 | 0.86mi |
| 513 Lake Louise Cir #101 Naples, FL | 3.0 | 2.0 | 1384 | $2,500 | $1.81 | 6d | 1 | 0.86mi |
| 513 Lake Louise Cir #202 Naples, FL | 2.0 | 2.0 | 1444 | $5,300 | $3.67 | 6d | 1 | 0.86mi |
| 1190 Yesica Ann Cir Unit B101 Naples, FL | 2.0 | 2.0 | 1245 | $2,500 | $2.01 | 109d | 1 | 0.88mi |
| 2112 Ixora Ct Naples, FL | 2.0 | 2.0 | 950 | $1,750 | $1.84 | 6d | 1 | 0.89mi |
| 1290 Yesica Ann Cir #204 Naples, FL | 2.0 | 2.0 | 1168 | $2,300 | $1.97 | 6d | 1 | 0.93mi |
| 1290 Yesica Ann Cir Unit G203 Naples, FL | 2.0 | 2.0 | 1245 | $6,000 | $4.82 | 109d | 1 | 0.93mi |
| 1290 Yesica Ann Cir Unit G-105 Naples, FL | 2.0 | 2.0 | 1168 | $5,500 | $4.71 | 109d | 1 | 0.93mi |
| 505 Lake Louise Cir #101 Naples, FL | 2.0 | 2.0 | 1444 | $5,100 | $3.53 | 3d | 1 | 0.93mi |
| 900 Arbor Lake Dr #301 Naples, FL | 1.0 | 1.0 | 866 | $3,500 | $4.04 | 6d | 1 | 0.98mi |
| 1130 Turtle Creek Blvd Naples, FL | 1.0–3.0 | 1.0–2.0 | 891 | $1,992 | $2.23 | 0d | 32 | 1.02mi |
| 298 Emerald Bay Cir Unit K6 Naples, FL | 2.0 | 2.0 | 1202 | $4,750 | $3.95 | 119d | 1 | 1.07mi |
Property features AI
Finance
- Other
- Community pool
- Financial info
- Pets allowed conditionally; call for detailsMaximum 1 pet, up to 25 lbs
- HOA & community
- Homeowners association with monthly feeAssociation fee: $693 monthlyAssociation covers insurance, grounds maintenance, reserves, sewer, trash and waterCommunity amenities include clubhouse, pool, pickleball, tennis courts and storageManaged communityNon-gated community with street lights212 units in the community
Exterior
- Parking
- Assigned covered parkingAttached carport1 covered carport spaceDeeded parkingPaved parkingTwo spaces assigned
- Utilities
- Public waterPublic sewerCable availableHigh-speed internet available
- Home design
- Resale propertyEntry level: 1Faces southwestExposures to the northeast
- Construction
- Block, concrete and stucco constructionShingle roof1 story
- Exterior features
- Lanai (screened porch)PatioPorchScreened porchStorageSprinkler/irrigation systemSprinklers automaticZero-lot-linePaved road
Interior
- Kitchen
- DishwasherMicrowaveSelf-cleaning ovenPantryBreakfast bar
- Bedrooms
- Master bedroom (15 x 12)Bedroom (11 x 11)
- Flooring
- Tile
- Bathrooms
- 2 full bathroomsSeparate shower
- Heating & cooling
- Central heating (electric)Central air conditioning (electric)Ceiling fan(s)
- Interior features
- Single-hung windowsTile flooringBreakfast bar and breakfast areaDual sinksPantrySeparate shower (shower only)Cable TVWalk-in closet(s)Split-bedroom floorplanUnfurnished
- Laundry & utility
- Washer hookup insideDryer hookup insideWasher includedUtility room
HOA detail $693/mo · $8,316/yr condo
- Likely covers
- waterpoolgym
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 33 events
-
2026-09-23status $230,000 Active 88 DOM
-
2026-07-07status $230,000 Pending 88 DOM
-
2026-07-07days on market $230,000 Active 88 DOM
-
2026-07-06days on market $230,000 Active 87 DOM
-
2026-07-05days on market $230,000 Active 86 DOM
-
2026-07-04days on market $230,000 Active 85 DOM
-
2026-07-03days on market $230,000 Active 84 DOM
-
2026-07-02days on market $230,000 Active 83 DOM
-
2026-07-01days on market $230,000 Active 82 DOM
-
2026-06-30days on market $230,000 Active 81 DOM
-
2026-06-29days on market $230,000 Active 80 DOM
-
2026-06-28days on market $230,000 Active 79 DOM
-
2026-06-28days on market $230,000 Active 78 DOM
-
2026-06-27remarks 683-char remark
-
2026-06-27days on market $230,000 Active 77 DOM
-
2026-06-25days on market $230,000 Active 75 DOM
-
2026-06-23days on market $230,000 Active 73 DOM
-
2026-06-21days on market $230,000 Active 72 DOM
-
2026-06-18days on market $230,000 Active 69 DOM
-
2026-06-17days on market $230,000 Active 68 DOM
-
2026-06-16days on market $230,000 Active 67 DOM
-
2026-06-15days on market $230,000 Active 66 DOM
-
2026-06-14days on market $230,000 Active 64 DOM
-
2026-06-10days on market $230,000 Active 61 DOM
-
2026-06-09days on market $230,000 Active 60 DOM
-
2026-06-08days on market $230,000 Active 59 DOM
-
2026-06-07days on market $230,000 Active 58 DOM
-
2026-06-03days on market $230,000 Active 54 DOM
-
2026-06-02days on market $230,000 Active 53 DOM
-
2026-06-01days on market $230,000 Active 52 DOM
-
2026-05-31days on market $230,000 Active 51 DOM
-
2026-05-30remarks 677-char remark
-
2026-05-30$230,000 Active 50 DOM
ⓘ 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
- $1,153 · $96/mo
- Projected year-2 tax
- $1,909 · $159/mo
- Expected delta
- +$756/yr (+$63/mo · 65.5%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 9/10 Extreme FEMA zone X (shaded) · 99% chance over 30 yrs
- Wildfire 3/10 Moderate
- 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $59,036
- − Mortgage interest
- −$12,884
- − Property taxes
- −$1,153
- − Insurance
- −$1,948
- − Repairs & maintenance
- −$4,723
- − Management
- −$4,723
- − HOA
- −$8,316
- − Depreciation
- −$6,691
- Taxable income
- $18,599
- Est. tax owed @ 24.0%
- −$4,464
- After-tax cash flow
- $16,284/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 · 2 photos
This townhouse is in fair condition with good systems and updated interiors, but requires some landscaping and painting to enhance its curb appeal and value.
Components & finishes AI
Repairs flagged
- Minor Landscaping — Some overgrown areas
- Minor Fencing — Some sections appear worn
Value-add opportunities
- Both Painting — Fresh paint enhances curb appeal and interior aesthetics ↑
- Both Landscaping — Well-maintained landscaping improves curb appeal and property value ↑
- Both HVAC installation — New HVAC system ensures comfort and energy efficiency ↑
ⓘ Rehab cost is a screening estimate — Moderate 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.
Zoned Schools
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
- Score
- 80/100
- State rank
- #126
- US rank
- #1903
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- County
- Collier County · 420,858 people
- City population
- 344,941
- Metro
- Naples-Marco Island, FL
- Population (ZIP)
- 25,630
- Household income
- $97,564
- Rent vs Own
- Severe rent burden
- 17% of renters
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 (84%)
- Race & ethnicity
- White 84% Hispanic / Latino 10% Two or more races 9% Asian 2% Black 1%
- Hispanic origin (detail)
- Mexican 2% Puerto Rican 1% Cuban 3%
- Common ancestry
- Romanian 4% Lithuanian 3% Slovak 2%
- Foreign-born
- 11% · Canada, South Korea
- Languages at home
- 87% English-only · Spanish 7% Other Indo-European 3% French/Haitian/Cajun 1%
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
- ▼ -172.68%
- Current HPI
- 267.4644
- Rent YoY
- ▼ -1.06%
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
+174.1% since first listed20 events — show timeline
- 2026-05-26 Relisted — FORTMLS
- 2026-04-27 Pending — FORTMLS
- 2026-04-20 Price Changed $230,000 FORTMLS
- 2026-02-16 Listed $250,000 FORTMLS
- 2019-02-11 Sold (Public Records) $229,900 Public Records
- 2019-01-31 Sold (MLS) $229,900 NAPLESMLS
- 2018-12-31 Pending — NAPLESMLS
- 2018-09-26 Listed $239,900 NAPLESMLS
- 2015-09-16 Sold (MLS) $170,000 NAPLESMLS
- 2015-08-19 Listing Removed — NAPLESMLS
- 2015-08-14 Relisted — NAPLESMLS
- 2015-08-04 Listing Removed — NAPLESMLS
- 2015-07-13 Price Changed $170,000 NAPLESMLS
- 2015-07-07 Relisted — NAPLESMLS
- 2015-06-24 Listing Removed — NAPLESMLS
- 2015-05-07 Price Changed $180,000 NAPLESMLS
- 2015-04-06 Listed $200,000 NAPLESMLS
- 2011-11-07 Listing Removed — NAPLESMLS
- 2011-04-18 Listed $124,900 NAPLESMLS
- 1992-08-01 Sold (Public Records) $83,900 Public Records
Property tax history
-0.2%/yrLatest (2025): $1,153 · +2.7% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…