15322 Lime Dr · Punta Gorda, FL 33955

$134,900

3 bd · 2.0 ba · 1,380 sqft · Manufactured public records · 50 Days on market

Built 1981 0.41 ac 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 +4.6/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

RARE FIND!! This beautiful home is conveniently located in South Punta Gorda Heights. The price of this includes an extra lot that already has a well, septic and power. All it needs is a new home to sell or for possible rental income. Both lots are oversized. AS per owner, the AC/heat pump and a new well and well pump was installed 2 years ago. There is a great deck made from trex decking to enjoy your outside rest time with a great wooded view. The seller is also leaving his riding and push mower for the new home owners. The home has been very well maintained, it just needs your personal touch to make it great.

Key facts

• 0.41 acre lot
• Parking
• Built 1981

Property features AI

Finance

• Other: Homestead exempt; Zoned MHC; Corner, level, oversized lot on paved roads; Approximately 0.41 acre (180 x 100) with two lots; Mature landscaping; Additional parcel(s) included; Unfurnished
• HOA & community: Pets allowed

Exterior

• Parking: Covered parking; Driveway; 1-car carport
• Utilities: Private water; Septic tank; Electricity connected
• Home design: Manufactured home (double wide); One level; Faces southeast; Residential property
• Construction: Shingle roof; Other construction materials; Other foundation
• Exterior features: Storage; Shed(s)

Interior

• Kitchen: Range; Range hood; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Built-in features; Inside utility; Wood-burning fireplace
• Laundry & utility: Interior laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $135k.

Deal economics

• At list price, monthly cash flow is $904 ($11k/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: $131k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.3% vs local median 2.8% in Punta Gorda — 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 76/100 on livability (#225 in FL, #3,567 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, health & safety A+, housing B; Watch: cost of living D+, amenities D-, commute F.
• Charlotte (suburban): math 54% / reading 54% proficiency, ranked #22 of 73 in FL (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: East Elementary School (math 67% / reading 68%, grade B+, #435 of 2,144 statewide, top 21%, 761 students, 52% FRL); Charlotte High School (math 44% / reading 46%, grade D-, #228 of 667 statewide, top 35%, 1,994 students, 41% FRL).
• Market conditions: 1481 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,585 units permitted in Charlotte County in 2024 (703 in 5+ unit buildings).
• This rent runs 35% of the median local income ($77k/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 $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Charlotte County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y 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 $110k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,853 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-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?
4. 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.
5. 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.
6. 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: 1.66% ✓
• Cap rate: 14.33%
• Cash-on-cash: 28.72%
• DSCR: 2.28
• GRM: 5.0

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: 23.0%
• Equity multiple: 1.95×
• Total profit: $35,708
• Equity at exit: $20,114

10-year hold

• IRR: 31.0%
• Equity multiple: 3.79×
• Total profit: $105,197
• Equity at exit: $11,664

Cash invested: $37,772 (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 33955

• Home prices YoY: -24.5%
• Active inventory: 1481
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $2,237 high
• Mortgage (P&I): −$707
• Tax from tax record: −$99 /mo · $1,192/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$470
• Net cashflow: $904

Break-even live

Break-even rent $1,092

Max offer price $134,900

Occupancy floor 55%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
27851 Roanoke Cir Punta Gorda, FL	2.0	2.0	904	$1,650	$1.83	13d	1	0.64mi
7361 S Plum Tree Punta Gorda, FL	3.0	2.0	1373	$1,900	$1.38	21d	1	0.66mi
11812 Cloverly Ln Punta Gorda, FL	4.0	2.5	1875	$2,150	$1.15	21d	1	0.76mi
15 N Cardinal Unit B15 Punta Gorda, FL	2.0	2.0	960	$1,700	$1.77	21d	1	0.90mi
449 Royal Poinciana #221 Punta Gorda, FL	2.0	2.0	1164	$1,750	$1.50	21d	1	1.02mi
12378 Paramount Dr Punta Gorda, FL	4.0	3.0	1836	$2,295	$1.25	21d	1	1.04mi
9984 Spring Gulch Ln Punta Gorda, FL	3.0	2.0	1507	$1,849	$1.23	21d	1	1.39mi
26162 Stillwater Cir Punta Gorda, FL	2.0	2.0	1266	$2,000	$1.58	21d	1	1.47mi

Listing history 6 events

1. 2026-04-08
   listed $134,900 Active
2. 2017-03-28
   soldstatus $110,000 Sold 619-char remark

   Show marketing remark (619 chars)

   RARE FIND!! This beautiful home is conveniently located in South Punta Gorda Heights. The price of this includes an extra lot that already has a well, septic and power. All it needs is a new home to sell or for possible rental income. Both lots are oversized. AS per owner, the AC/heat pump and a new well and well pump was installed 2 years ago. There is a great deck made from trex decking to enjoy your outside rest time with a great wooded view. The seller is also leaving his riding and push mower for the new home owners. The home has been very well maintained, it just needs your personal touch to make it great.

3. 2017-03-01
   status Pending 619-char remark

   Show marketing remark (619 chars)

   RARE FIND!! This beautiful home is conveniently located in South Punta Gorda Heights. The price of this includes an extra lot that already has a well, septic and power. All it needs is a new home to sell or for possible rental income. Both lots are oversized. AS per owner, the AC/heat pump and a new well and well pump was installed 2 years ago. There is a great deck made from trex decking to enjoy your outside rest time with a great wooded view. The seller is also leaving his riding and push mower for the new home owners. The home has been very well maintained, it just needs your personal touch to make it great.

4. 2017-02-12
   price $119,900 619-char remark

   Show marketing remark (619 chars)

   RARE FIND!! This beautiful home is conveniently located in South Punta Gorda Heights. The price of this includes an extra lot that already has a well, septic and power. All it needs is a new home to sell or for possible rental income. Both lots are oversized. AS per owner, the AC/heat pump and a new well and well pump was installed 2 years ago. There is a great deck made from trex decking to enjoy your outside rest time with a great wooded view. The seller is also leaving his riding and push mower for the new home owners. The home has been very well maintained, it just needs your personal touch to make it great.

5. 2017-01-21
   listed $129,900 Active 619-char remark

   Show marketing remark (619 chars)

   RARE FIND!! This beautiful home is conveniently located in South Punta Gorda Heights. The price of this includes an extra lot that already has a well, septic and power. All it needs is a new home to sell or for possible rental income. Both lots are oversized. AS per owner, the AC/heat pump and a new well and well pump was installed 2 years ago. There is a great deck made from trex decking to enjoy your outside rest time with a great wooded view. The seller is also leaving his riding and push mower for the new home owners. The home has been very well maintained, it just needs your personal touch to make it great.

6. 2006-03-30
   soldstatus $80,000

ⓘ 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: $1,192 · $99/mo
• Projected year-2 tax: $1,192 · $99/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 1/10 Low FEMA zone D · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 28 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,840
• − Mortgage interest: −$7,556
• − Property taxes: −$1,192
• − Insurance: −$674
• − Repairs & maintenance: −$2,147
• − Management: −$2,147
• − Depreciation: −$3,924
• Taxable income: $9,198
• Est. tax owed @ 24.0%: −$2,208
• After-tax cash flow: $8,640/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: Charlotte
• NCES district ID: 1200240
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 54% ▼ -1.00%
• Median HH income: $44,864
• Composite: 45.62/100
• National rank: #2586
• State rank: #22 of 73 in FL

Livability — Punta Gorda

• Score: 76/100
• State rank: #225
• US rank: #3567

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Charlotte County · 196,994 people
• City population: 68,831
• Metro: Punta Gorda, FL
• Population (ZIP): 12,399
• Household income: $76,943
• Rent vs Own: 9.5% rent · 90.5% own
• Severe rent burden: 226.0

Population outlook (Charlotte County) Hauer SSP2

• Today (2025): 198,646 people
• By 2030: 210,507 · +6.0%
• By 2040: 230,857 · +16.2%
• By 2050: 247,148 · +24.4%
• By 2075: 281,777 · +41.8%
• By 2100: 293,609 · +47.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 10% Two or more races 9% Black 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Cuban 4%
• Common ancestry: Romanian 5% Italian 3% Serbian 3%
• Foreign-born: 8% · Canada
• Languages at home: 91% English-only · Spanish 5% Other Indo-European 1%

Political lean MEDSL · Charlotte

• 2024 margin: Solid R (+34.0) · D 32.7% · R 66.7%
• 2008→2024 swing: -26.7pp toward R · 2008: -7.2pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+26.6 2016: R+27.8 2012: R+14.3 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.71%
• Current HPI: 242.9043
• Rent YoY: —
• Metro: Punta Gorda, 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

+68.6% since first listed

6 events — show timeline

• 2026-04-08 Listed $134,900 Stellar MLS as Distributed by MLS Grid
• 2017-03-28 Sold (MLS) $110,000 Stellar MLS as Distributed by MLS Grid
• 2017-03-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-02-12 Price Changed $119,900 Stellar MLS as Distributed by MLS Grid
• 2017-01-21 Listed $129,900 Stellar MLS as Distributed by MLS Grid
• 2006-03-30 Sold (Public Records) $80,000 Public Records

Property tax history

+6.1%/yr

Latest (2025): $1,192 · -18.3% YoY. Source: county tax records.