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5609 Newcastle Ct #5421
A- Composite 80.19
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 +28.1/30.0
  • ARV discount +11.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Schools +6.0/10.0
  • Condition / age +5.0/5.0
  • Appreciation +4.5/10.0
  • Rent growth +3.2/5.0
  • Livability +2.5/5.0

$319,998

5609 Newcastle Ct #5421 · Ave Maria, FL 34142
3 bd · 2.0 ba · 2,110 sqft · Condo · 64 Days on market
Built 2026 Excellent condition 2-car garage $152/sqft · 8% below area Est $347k · 8% under $595/mo HOA · 12% of rent ↓ 3% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

One or more photo(s) has been virtually staged, AI generated or rendered. THIS COACH HOME IS READY FOR YOU NOW!! This attached home is the largest plan in the collection. A two-car garage sits on the first floor, while upstairs is an open concept living space with sliding doors to the outdoor entertainment area. Also on the top floor are all three bedrooms, including the owner’s suite with a spa-inspired bathroom. Welcome to paradise—where you’ll find championship golf, top-tier resort amenities and endless opportunities to play, relax and connect. Set in stunning Ave Maria, this gated community is thoughtfully designed for your next best chapter.

Key facts

  • $595 HOA
  • 2 garage spots
  • Community pool

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath condo listed at $320k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $1k ($12k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($5k rent vs $320k).
  • Recommended offer: $301k (6.0% below list) — sets the bar for market timing.
  • Cap rate 10.1% vs local median 4.2% in Ave Maria — 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: area grade A — 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.
  • Zoned schools: Estates Elementary School (math 70% / reading 67%, grade B+, #409 of 2,144 statewide, top 20%, 862 students, 53% FRL); Corkscrew Middle School (math 68% / reading 59%, grade B+, #109 of 571 statewide, top 19%, 958 students, 43% FRL); Palmetto Ridge High School (math 43% / reading 51%, grade D-, #207 of 667 statewide, top 32%, 2,347 students, 38% FRL).
  • Market conditions: Rents rising (+3.0%/yr); 545 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 71d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 98% of comp listings sitting > 30 days — soft ceiling on asking rent; 3,520 units permitted in Collier County in 2024 (959 in 5+ unit buildings).
  • At $4,823/mo this rent would consume 93% of the median local household income ($62k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-1.1%/yr); year-one equity from $2k of loan paydown is wiped out by about $3k 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 (-1.1% appreciation + 3.0% rent growth), your $90k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 64 days — a 6% lower offer ($301k) is reasonable based on typical stale-listing flexibility.
Recommended offer $300,798 (6.0% below list)

Questions for the listing agent

  1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% 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
1.51%
Cap rate
10.06%
Cash-on-cash
13.44%
DSCR
1.60
GRM
5.5

CMA / ARV

ARV (median comp)
$346,587
List price
$319,998
Delta
-7.67%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
5609 Newcastle Ct #5422 0.00mi 3/2.0 2,110 (0%) 1mo $315,000 $149 100
5616 Newcastle Ct #5321 0.04mi 3/2.0 2,110 (0%) 1mo $315,000 $149 97
5615 Newcastle Ct #5212 0.02mi 3/2.0 1,741 (-18%) 1mo $284,997 $164 73
5604 Newcastle Ct #5711 0.04mi 3/2.0 1,741 (-18%) 0mo $299,000 $172 73
5050 Trevi Ave 1.06mi 3/2.5 2,104 (-0%) 0mo $478,000 $227 62
5174 Julienne Rd 0.24mi 3/2.5 1,726 (-18%) 0mo $405,000 $235 62
5972 Gala Dr 1.12mi 3/2.5 2,081 (-1%) 0mo $625,000 $300 60
6244 Harmony Dr 1.35mi 3/2.0 2,054 (-3%) 1mo $500,000 $243 60
5032 Frattina St 0.50mi 3/2.5 1,671 (-21%) 0mo $510,000 $305 50
5469 Pikewood Ct 0.68mi 2/2.0 (-1) 1,850 (-12%) 1mo $485,000 $262 42
5137 Taylor Dr 1.23mi 3/2.0 1,726 (-18%) 0mo $439,000 $254 40
4969 Renzo Ct 0.84mi 3/2.5 1,726 (-18%) 1mo $395,000 $229 37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-1.05% appreciation · 2.95% rent growth · sell at horizon

5-year hold
IRR
9.8%
Equity multiple
1.44×
Total profit
$39,313
Equity at exit
$76,504
10-year hold
IRR
16.0%
Equity multiple
2.59×
Total profit
$142,659
Equity at exit
$79,705

Cash invested: $89,599 (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.

Active competition Active MLS

For sale now
1 active · 4 under contract
Median asking
$350,000 ($201/sqft)
Median days on market
134 d
This list price
lowest-priced of the active set
ARV vs active asking
-18.3% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34142

Home prices YoY
-0.5%
Rents YoY
3.0%
Active inventory
545
Price-to-rent
5.5×

Monthly cashflow live

Estimated rent
$4,823 high interval (Pro) →
Mortgage (P&I)
$1,678
Tax est. 1.5%
$400 /mo · $4,800/yr
Insurance
$133
HOA
$595
Vacancy / Maint / Mgmt
$1,013
Net cashflow
$1,003

Break-even live

Break-even rent $3,552
Max offer price $319,998
Occupancy floor 74%

Sensitivity live

Price -10% $1,225 -5% $1,114 +0% $1,003 +5% $893 +10% $782
Rent -10% $622 -5% $813 +0% $1,003 +5% $1,194 +10% $1,384
Rate -1.0pp $1,165 -0.5pp $1,085 base $1,003 +0.5pp $920 +1.0pp $836

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
$80,000
Closing costs
$9,600
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
5538 Hampton Links Ct Ave Maria, FL 3.0 3.0 2247 $6,295 $2.80 70d 1 0.10mi
5522 Hampton Links Ct Ave Maria, FL 2.0 2.5 1850 $3,995 $2.16 72d 1 0.10mi
5445 Double Eagle Cir #3026 Ave Maria, FL 2.0 2.0 1569 $2,350 $1.50 70d 1 0.11mi
5427 Double Eagle Cir #2826 Ave Maria, FL 2.0 2.0 1569 $6,495 $4.14 72d 1 0.12mi
5427 Double Eagle Cir #2815 Ave Maria, FL 2.0 2.0 1400 $2,700 $1.93 72d 1 0.12mi
5545 Hampton Links Ct #5545 Ave Maria, FL 4.0 3.0 2400 $9,000 $3.75 72d 1 0.13mi
5545 Hampton Links Ct Ave Maria, FL 4.0 3.0 2247 $8,500 $3.78 72d 1 0.13mi
5667 Melbourne Ct #7812 Ave Maria, FL 3.0 2.0 1741 $6,250 $3.59 61d 1 0.13mi
5661 Melbourne Ct #8011 Ave Maria, FL 3.0 2.0 1741 $7,295 $4.19 61d 1 0.14mi
5661 Melbourne Ct Unit 8012 Ave Maria, FL 3.0 2.0 1741 $2,500 $1.44 41d 1 0.14mi
5674 Melbourne Ct Unit 7721 Ave Maria, FL 3.0 2.0 2110 $7,295 $3.46 61d 1 0.17mi
5680 Melbourne Ct #7521 Ave Maria, FL 3.0 2.0 2110 $2,650 $1.26 52d 1 0.17mi
5704 Melbourne Ct Ave Maria, FL 3.0 2.0 1741 $3,995 $2.29 72d 1 0.18mi
5120 Nevola Ave Ave Maria, FL 4.0 3.0 2273 $3,500 $1.54 61d 1 0.19mi
5187 Nevola Ave Ave Maria, FL 3.0 2.5 1680 $2,700 $1.61 70d 1 0.20mi
5114 Penella Ave Ave Maria, FL 4.0 3.0 2599 $3,195 $1.23 70d 1 0.21mi
5739 Oakmont Ct #8412 Ave Maria, FL 3.0 2.0 1741 $7,295 $4.19 19d 1 0.23mi
5739 Oakmont Ct Ave Maria, FL 3.0 2.0 1710 $3,700 $2.16 72d 1 0.23mi
5376 Fancourt Links Way Ave Maria, FL 2.0 2.5 1850 $6,850 $3.70 70d 1 0.23mi
5412 Fancourt Links Way Ave Maria, FL 4.0 3.0 2247 $8,000 $3.56 70d 1 0.23mi
5428 Fancourt Links Way Ave Maria, FL 3.0 3.0 2247 $7,895 $3.51 70d 1 0.25mi
5728 Oakmont Ct Ave Maria, FL 3.0 2.0 2110 $3,995 $1.89 61d 1 0.27mi
5089 Penella Ave Ave Maria, FL 3.0 2.5 2028 $2,300 $1.13 63d 1 0.28mi
5444 Fancourt Links Way Ave Maria, FL 3.0 3.0 2247 $3,995 $1.78 70d 1 0.28mi
5722 Oakmont Ct Ave Maria, FL 3.0 2.0 2110 $3,995 $1.89 61d 1 0.29mi
5414 Espada Ct Ave Maria, FL 3.0 3.0 2799 $10,995 $3.93 70d 1 0.33mi
5478 Double Eagle Cir #3521 Ave Maria, FL 2.0 2.0 1569 $4,995 $3.18 72d 1 0.42mi
5065 Gambero Way Ave Maria, FL 4.0 3.0 2557 $3,250 $1.27 70d 1 0.42mi
5077 Gambero Way Ave Maria, FL 4.0 3.0 2256 $3,950 $1.75 72d 1 0.44mi
5856 Sunningdale St Ave Maria, FL 4.0 3.0 2247 $8,995 $4.00 72d 1 0.45mi
5039 Frattina St Ave Maria, FL 3.0 3.0 2341 $5,995 $2.56 72d 1 0.47mi
5322 Nevola Ave Ave Maria, FL 3.0 3.0 1918 $2,700 $1.41 63d 1 0.49mi
5515 Whistling Straights Ct Ave Maria, FL 3.0 2.5 2419 $6,500 $2.69 70d 1 0.51mi
4961 Gambero Way Ave Maria, FL 4.0 2.5 2851 $2,995 $1.05 32d 1 0.51mi
4957 Gambero Way Unit 4957 Ave Maria, FL 4.0 3.0 1500 $3,400 $2.27 61d 1 0.52mi
5897 Sunningdale St Ave Maria, FL 2.0 3.0 2000 $7,495 $3.75 72d 1 0.56mi
5013 Florence Dr Ave Maria, FL 3.0 2.5 2256 $2,900 $1.29 72d 1 0.56mi
5285 Marano Dr Ave Maria, FL 3.0 2.5 2256 $2,600 $1.15 72d 1 0.59mi
5476 Katia Ct Ave Maria, FL 3.0 2.5 1983 $4,300 $2.17 72d 1 0.59mi
5293 Marano Dr Ave Maria, FL 3.0 2.5 2256 $3,400 $1.51 70d 1 0.59mi

Property features AI

Finance

Other
Community amenities include clubhouse, community pool, community spa/hot tub, exercise room, attended fitness center, full service spa, golf course, pickleball, putting green, restaurant, sauna, sidewalks, tennis courts, underground utilities, private membership options
HOA & community
Mandatory HOAHOA fees charged quarterly (Master HOA $203 quarterly, HOA $610 quarterly, Condo fee $971 quarterly)One-time other fee: $3,750Total annual recurring fees reported: $7,886On-site managementHOA maintenance covers cable, internet/WiFi, irrigation water, lawn/land maintenance, pest control (exterior), street maintenance and lights, recreation facilities, repairs, reserves, manager, legal/accounting

Exterior

Parking
Attached 2-car garagePaved driveway
Security
Gated community with guard at gate
Utilities
Central waterCentral sewerCable available
Home design
Residential carriage/coach style in a low-rise (1-3) buildingRear exposure faces westLocated in The National Golf & Country Club at Ave Maria (gated community)
Construction
Concrete block constructionStucco exteriorTile roofBuilt in 2026
Exterior features
PatioSprinkler system (automatic)LakefrontGolf course viewWater view

Interior

Kitchen
Kitchen islandPantryDishwasherDisposalMicrowaveRangeSelf-cleaning ovenRefrigerator/ice makerFreezer
Bedrooms
3 bedrooms (split bedroom floor plan)
Flooring
Tile flooring
Bathrooms
2 full bathroomsMaster bath with dual sinks and shower (no tub)
Heating & cooling
Central electric heatingCentral electric cooling
Interior features
Built-in cabinetsCable prewire / high-speed internet availableFire sprinkler systemFoyerFrench doorsPantrySmoke detectorsWalk-in closetHome automationGuest bathHome officeScreened balconyScreened lanai/porchGreat roomFormal and family dining areasBreakfast room
Laundry & utility
Laundry in residenceWasher and dryer includedAuto garage door

HOA detail $595/mo · $7,140/yr condo

Likely covers
security
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 29 events

  1. 2026-08-08
    days on market $319,998 Active 64 DOM
  2. 2026-08-07
    days on market $319,998 Active 63 DOM
  3. 2026-08-06
    days on market $319,998 Active 62 DOM
  4. 2026-08-05
    days on market $319,998 Active 61 DOM
  5. 2026-08-04
    days on market $319,998 Active 60 DOM
  6. 2026-08-03
    days on market $319,998 Active 59 DOM
  7. 2026-07-31
    days on market $319,998 Active 56 DOM
  8. 2026-07-30
    days on market $319,998 Active 55 DOM
  9. 2026-07-29
    days on market $319,998 Active 54 DOM
  10. 2026-07-27
    days on market $319,998 Active 52 DOM
  11. 2026-07-25
    days on market $319,998 Active 50 DOM
  12. 2026-07-24
    days on market $319,998 Active 49 DOM
  13. 2026-07-23
    days on market $319,998 Active 48 DOM
  14. 2026-07-22
    days on market $319,998 Active 47 DOM
  15. 2026-07-22
    days on market $319,998 Active 46 DOM
  16. 2026-07-18
    days on market $319,998 Active 43 DOM
  17. 2026-07-16
    days on market $319,998 Active 41 DOM
  18. 2026-07-16
    days on market $319,998 Active 40 DOM
  19. 2026-07-14
    pricedays on market $319,998 Active 39 DOM
  20. 2026-07-14
    days on market $322,998 Active 38 DOM
  21. 2026-07-12
    days on market $322,998 Active 37 DOM
  22. 2026-07-11
    days on market $322,998 Active 36 DOM
  23. 2026-07-10
    days on market $322,998 Active 35 DOM
  24. 2026-07-09
    days on market $322,998 Active 34 DOM
  25. 2026-07-08
    days on market $322,998 Active 33 DOM
  26. 2026-07-07
    pricestatus $322,998 Active 32 DOM
  27. 2026-05-18
    status Pending
  28. 2026-04-17
    price $319,998
  29. 2026-04-16
    listed $329,998 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$57,871
− Mortgage interest
−$17,925
− Property taxes
−$4,800
− Insurance
−$1,600
− Repairs & maintenance
−$4,630
− Management
−$4,630
− HOA
−$7,140
− Depreciation
−$9,309
Taxable income
$7,838
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,881
After-tax cash flow
$10,160/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 · 3 photos

Excellent 100/100 None rehab

This move-in-ready condo is in excellent condition with modern amenities and a well-maintained exterior. Potential buyers and renters will appreciate the spacious living areas and the large windows that allow for plenty of natural light.

Value-add opportunities

  • Both Landscaping improvements — Enhances curb appeal and adds value.
  • Both Painting exterior walls — Fresh paint can make the home more appealing and increase its value.
  • Resale Upgrading kitchen appliances — Modern appliances can attract more buyers.
  • Both Adding smart home features — Improves convenience and adds value for both buyers and renters.
D Composite school gradezoned avg 60/100

Zoned Schools

Elementary Estates Elementary School B+ FL #409/2,144 Nat'l #4,125/41,679 Middle Corkscrew Middle School B+ FL #109/571 Nat'l #1,406/14,009 High Palmetto Ridge High School D- FL #207/667 Nat'l #6,330/17,239

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 — Ave Maria

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

Census & demographics

Census place
Ave Maria, FL
County
Collier County · 420,858 people
Metro
Naples-Marco Island, FL
Population (ZIP)
35,149
Household income
$62,333
Rent vs Own
48.7% rent · 51.3% own
Severe rent burden
12% 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
Majority Hispanic (63%)
Race & ethnicity
Hispanic / Latino 63% Two or more races 39% Black 19% White 16% Native American 7%
Hispanic origin (detail)
Mexican 43% Puerto Rican 3% Cuban 2% Dominican 1%
Common ancestry
Hispanic 8% Slovak 1% Serbian 1%
Foreign-born
32% · Canada, Jamaica
Languages at home
34% English-only · Spanish 53% French/Haitian/Cajun 12%

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

Price history

-3.0% since first listed
3 events — show timeline
  • 2026-05-18 Pending NAPLESMLS
  • 2026-04-17 Price Changed $319,998 NAPLESMLS
  • 2026-04-16 Listed $329,998 NAPLESMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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