77 Enchanting Blvd Unit E77 · Naples, FL 34112

$115,000

2 bd · 2.0 ba · 1,064 sqft · Manufactured · 63 Days on market

Built 1973 Good condition

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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 +5.0/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks

This inviting double-wide mobile home offers more than 1000 sq ft of comfortable living space in the desirable Enchanting Acres 55+ community. Featuring 2 bedrooms and 2 bathrooms, this Turnkey Furnished & well-maintained home is move-in ready and perfect for full-time living, seasonal enjoyment, or as a second home. The front-facing kitchen is bright and functional, equipped with a dishwasher, microwave, electric range, and French door refrigerator—ideal for preparing daily meals or entertaining guests. Adjacent is a delightful Florida room with northeast exposure, perfect for morning coffee, relaxing, or enjoying the gentle breeze. Additional highlights include a convenient la

Key facts

• Front-facing kitchen
• Mini-split ac system
• Florida room

Tags

• DOUBLE-WIDE MOBILE HOME
• FRONT-FACING KITCHEN
• FLORIDA ROOM
• LAUNDRY CLOSET
• NEWER VINYL FLOORING
• MINI-SPLIT AC SYSTEM

Property features AI

Finance

• Other: Part of a complex with 169 units; single unit in building; single-floor building
• HOA & community: Mobile/manufactured community (non-gated); Professional management; Community amenities include clubhouse, community pool, bocce court, shuffleboard (see remarks); Maintenance covers lawn/land, legal/accounting, trash removal, and water; One-time fee of $50; Total annual recurring fees approximately $3,924; Total one-time fees approximately $150

Exterior

• Parking: Attached carport with 2 carport spaces
• Utilities: Central water; Central sewer; Cable available; Electric power (central)
• Home design: Manufactured residential property; 1 story / ranch; Rear exposure faces south; Built 1973; Located in Enchanting Acres Mobile Home community
• Construction: Manufactured construction; Vinyl siding exterior finish; Built-up or rolled (flat) roof
• Exterior features: Storage; Single-hung windows; Central irrigation; Landscaped area view; Deeded restrictions

Interior

• Kitchen: Electric cooktop; Dishwasher; Microwave; Refrigerator; Pantry
• Bedrooms: 2 bedrooms plus den (split bedroom floor plan)
• Flooring: Laminate; Vinyl
• Bathrooms: 2 full bathrooms; Master bath with shower-only configuration
• Heating & cooling: Central electric heating (see remarks); Central electric cooling (see remarks)
• Interior features: Built-in cabinets; Cable prewire; Laundry tub; Pantry; Window coverings; Den (study); Florida room; Laundry in residence; Turnkey
• Laundry & utility: Washer; Dryer; Laundry tub

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $115k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $663 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $108k (6.0% below list) — sets the bar for market timing.

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.
• Market conditions: Rents soft (-1.7%/yr); 771 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 3,520 units permitted in Collier County in 2024 (959 in 5+ unit buildings).
• This rent runs 41% of the median local income ($70k/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 $795 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 (-3.0% appreciation + 0.0% rent growth), your $32k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($108k) is reasonable based on typical stale-listing flexibility.

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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $108,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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?
7. 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.
8. 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.
9. 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: 2.07% ✓
• Cap rate: 17.66%
• Cash-on-cash: 40.61%
• DSCR: 2.81
• GRM: 4.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 13.8%
• Equity multiple: 1.53×
• Total profit: $16,916
• Equity at exit: $17,147

10-year hold

• IRR: 19.5%
• Equity multiple: 2.35×
• Total profit: $43,320
• Equity at exit: $9,943

Cash invested: $32,200 (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 34112

• Rents YoY: -1.7%
• Active inventory: 771
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $2,386 high
• Mortgage (P&I): −$603
• Tax est. 1.5%: −$144 /mo · $1,725/yr
• Insurance: −$48
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$501
• Net cashflow: $663

Break-even live

Break-even rent $1,546

Max offer price $115,000

Occupancy floor 67%

Sensitivity live

Price	-10% $743	-5% $703	+0% $663	+5% $624	+10% $584
Rent	-10% $475	-5% $569	+0% $663	+5% $757	+10% $852
Rate	-1.0pp $721	-0.5pp $693	base $663	+0.5pp $633	+1.0pp $603

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3806 Guilford Rd Unit 4 Naples, FL	2.0	2.0	1100	$1,750	$1.59	24d	1	0.30mi
3016 Van Buren Ave Naples, FL	3.0	2.5	1332	$3,500	$2.63	24d	1	0.40mi
135 Palm Dr #12 Naples, FL	2.0	2.0	1180	$2,200	$1.86	14d	1	0.47mi
154 Palm Dr Unit 1049699P Naples, FL	2.0	2.0	1248	$2,732	$2.19	22d	1	0.49mi
3350 Putney Ct Naples, FL	1.0–3.0	1.0–2.0	1038	$2,986	$2.88	14d	26	0.49mi
149 Palm Dr Unit 8617 Naples, FL	2.0	2.0	981	$2,000	$2.04	14d	1	0.50mi
4455 Botanical Place Cir Unit 5-104 Naples, FL	2.0	2.0	915	$1,795	$1.96	24d	1	0.51mi
4450 Botanical Place Cir Unit 6 Naples, FL	2.0	2.0	915	$1,895	$2.07	22d	1	0.53mi
3005 Gordon St Naples, FL	3.0	2.0	967	$2,275	$2.35	24d	1	0.55mi
3005 Gordon St Naples, FL	3.0	2.0	967	$2,275	$2.35	14d	1	0.55mi
4430 Botanical Place Cir #303 Naples, FL	2.0	2.0	1126	$3,500	$3.11	14d	1	0.58mi
190 Palm Dr Unit 3085 Naples, FL	2.0	2.0	1251	$1,850	$1.48	14d	1	0.58mi
2840 Shoreview Dr Unit 7 Naples, FL	2.0	1.0	800	$2,000	$2.50	24d	1	0.59mi
162 Teryl Rd Unit 6-2 Naples, FL	2.0	2.0	1188	$2,500	$2.10	24d	1	0.59mi
131 Teryl Rd Unit 3UNIT 3 Naples, FL	2.0	2.0	1080	$1,750	$1.62	14d	1	0.60mi
131 Teryl Rd Unit C3 Naples, FL	2.0	2.0	1080	$3,495	$3.24	24d	1	0.60mi
2685 Van Buren Ave Naples, FL	2.0	2.0	865	$2,450	$2.83	24d	1	0.61mi
4510 Botanical Place Cir Naples, FL	3.0	2.0	1246	$3,248	$2.61	14d	2	0.61mi
3619 Poplar Way Unit B Naples, FL	2.0	2.0	1045	$2,300	$2.20	24d	1	0.61mi
159 Teryl Rd #2 Naples, FL	2.0	2.0	1080	$5,200	$4.81	14d	1	0.62mi
3950 Mohawk Pl Naples, FL	2.0	2.0	1500	$3,200	$2.13	24d	1	0.63mi
200 Palm Dr #7 Naples, FL	2.0	2.0	1010	$1,600	$1.58	14d	1	0.64mi
3561 Thomasson Dr Naples, FL	2.0	2.0	1085	$8,000	$7.37	24d	1	0.66mi
4719 Alladin Ln Naples, FL	1.0–2.0	1.0–2.0	671	$1,895	$2.82	24d	2	0.66mi
209 Palm Dr #1 Naples, FL	2.0	2.0	1215	$5,000	$4.12	14d	1	0.67mi
4607 Bayshore Dr Unit K7 Naples, FL	2.0	2.0	886	$1,650	$1.86	24d	1	0.67mi
4621 Bayshore Dr Naples, FL	2.0	2.0	886	$1,675	$1.89	24d	2	0.67mi
216 Palm Dr #5 Naples, FL	2.0	2.0	1010	$4,500	$4.46	14d	1	0.68mi
4611 Bayshore Dr Unit O8 Naples, FL	2.0	2.0	886	$1,650	$1.86	14d	1	0.68mi
3655 Boca Ciega Dr #202 Naples, FL	2.0	2.0	966	$1,800	$1.86	24d	1	0.69mi
4629 Bayshore Dr Unit J7 Naples, FL	2.0	2.0	886	$1,600	$1.81	24d	1	0.70mi
4603 Bayshore Dr Unit F8 Naples, FL	2.0	2.0	886	$2,550	$2.88	24d	1	0.70mi
4617 Bayshore Dr Unit H5 Naples, FL	2.0	2.0	886	$1,700	$1.92	24d	1	0.70mi
2505 Storter Ave Naples, FL	3.0	2.0	1484	$2,795	$1.88	14d	1	0.71mi
4551 Arboretum Cir Unit 202 Naples, FL	2.0	2.0	1480	$2,500	$1.69	24d	1	0.71mi
232 Palm Dr Unit 47-5 Naples, FL	2.0	2.0	1010	$2,500	$2.48	24d	1	0.71mi
4635 Bayshore Dr Unit P7 Naples, FL	2.0	2.0	886	$1,600	$1.81	14d	1	0.72mi
4615 Bayshore Dr Unit E8 Naples, FL	2.0	2.0	886	$1,600	$1.81	14d	1	0.72mi
229 Palm Dr Unit 229-2 Naples, FL	2.0	2.0	1215	$4,400	$3.62	14d	1	0.72mi
240 Palm Dr Unit 48-1 Naples, FL	2.0	2.0	1100	$1,800	$1.64	24d	1	0.73mi

Listing history 12 events

1. 2026-06-18
   days on market $115,000 Active 63 DOM
2. 2026-06-17
   days on market $115,000 Active 62 DOM
3. 2026-06-16
   days on market $115,000 Active 61 DOM
4. 2026-06-15
   days on market $115,000 Active 60 DOM
5. 2026-06-14
   days on market $115,000 Active 58 DOM
6. 2026-06-10
   days on market $115,000 Active 55 DOM
7. 2026-06-09
   days on market $115,000 Active 54 DOM
8. 2026-06-08
   days on market $115,000 Active 53 DOM
9. 2026-06-07
   days on market $115,000 Active 52 DOM
10. 2026-06-03
    days on market $115,000 Active 48 DOM
11. 2026-06-03
    remarks 689-char remark
12. 2026-06-03
    listed $115,000 Active 47 DOM

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,626
• − Mortgage interest: −$6,442
• − Property taxes: −$1,725
• − Insurance: −$5,694
• − Repairs & maintenance: −$2,290
• − Management: −$2,290
• − Depreciation: −$3,345
• Taxable income: $6,840
• Est. tax owed @ 24.0%: −$1,642
• After-tax cash flow: $6,318/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 · 12 photos

Good 75/100 Cosmetic rehab

This move-in ready double-wide mobile home in the Enchanting Acres 55+ community offers a good condition with minor cosmetic updates to enhance its curb appeal and energy efficiency.

Value-add opportunities

• Resale Paint exterior siding — Enhances curb appeal and value
• Both Replace blinds with energy-efficient ones — Improves energy efficiency and aesthetics
• Both Install smart home devices — Enhances convenience and marketability

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace blinds with energy-efficient ones — Improves energy efficiency and aesthetics ↑
• Both Install smart home devices — Enhances convenience and marketability ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Collier County · 396,295 people
• Metro: Naples-Marco Island, FL
• Population (ZIP): 27,193
• Household income: $69,842
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 980.0

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 (74%)
• Race & ethnicity: White 74% Hispanic / Latino 18% Two or more races 9% Black 6% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 2% Cuban 4% Dominican 1%
• Common ancestry: Hispanic 4% Romanian 3% Portuguese 2%
• Foreign-born: 19% · Canada, Jamaica
• Languages at home: 75% English-only · Spanish 17% French/Haitian/Cajun 4% German/W. Germanic 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: ▼ -235.10%
• Current HPI: 256.9182
• Rent YoY: ▼ -1.69%
• 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

1 event — show timeline

• 2026-04-16 Listed $115,000 NAPLESMLS