143 Moorhead Mnr #143 · Naples, FL 34112

$169,000

2 bd · 1.5 ba · 950 sqft · Manufactured · 113 Days on market

Built 1977 Good condition $215/mo HOA · 10% of rent

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Why this score? — see what drove the C+ 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 +23.2/30.0
• 1% rule +7.7/10.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautifully updated home in a vibrant 55+ gated community just moments from some of Naples’ most desirable attractions, including Naples Botanical Garden, East Naples Community Park, Celebration Park, and Sugden Regional Park. This thoughtfully renovated two-bedroom, one-and-a-half-bath manufactured home features extensive upgrades throughout, including new flooring, a new HVAC system with ductwork, updated plumbing and piping, a new hot water heater, new wall panels, and added insulation. The redesigned kitchen showcases beautiful cabinetry, a center island, and modern finishes, while the primary bath includes an updated shower. A stackable washer and dryer are included for added con

Key facts

• Gated community
• Attached carport
• New hot water heater

Tags

• GATED COMMUNITY
• UPDATED PLUMBING
• NEW HOT WATER HEATER
• ATTACHED CARPORT
• GENEROUSLY SIZED STORAGE SHED
• PRIVATE GUEST SUITE

Property features AI

Finance

• Other: Part of a 154-unit complex; Lot/unit restrictions: Deeded, No RV
• HOA & community: Mandatory HOA; Monthly HOA fee of $215 (total annual recurring fees $2,580); One-time fees $100; Professional management; HOA maintenance includes cable, internet/WiFi, irrigation water, lawn/land maintenance, exterior pest control, trash removal, and water; Community clubhouse and community pool

Exterior

• Parking: Attached carport (1 space)
• Security: Gated community
• Utilities: Central water; Central sewer; Cable available
• Home design: Manufactured residential property; Built in 1977; Rear exposure faces north; Single-story
• Construction: Manufactured construction; Vinyl siding exterior; Built-up or flat roof
• Exterior features: Storage; Shutters (screens/fabric); Single-hung windows; Paved road access; Landscaped view; Irrigation (central)

Interior

• Kitchen: Electric cooktop; Dishwasher; Disposal; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom; 1 half bathroom; Master bath with shower only
• Heating & cooling: Central electric heat; Central electric cooling
• Interior features: High-speed internet available; Eat-in kitchen; Florida room; Laundry in residence; Split bedroom floor plan; Furnished
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $169k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-120 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $152k (10.3% below list).
• Meets the 1% rule at list price ($2k rent vs $169k).
• Recommended offer: $152k (10.3% below list) — sets the bar for cash-flow.

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 37% 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 $1k of loan paydown is wiped out by about $5k 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 113 days — a 9% lower offer ($154k) 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→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $151,629 (10.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 113 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
3. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. 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: 1.27% ✓
• Cap rate: 8.47%
• Cash-on-cash: 7.77%
• DSCR: 1.35
• GRM: 6.6

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: -26.7%
• Equity multiple: 0.14×
• Total profit: $-40,872
• Equity at exit: $25,198

10-year hold

• IRR: -55.2%
• Equity multiple: -0.44×
• Total profit: $-67,923
• Equity at exit: $14,612

Cash invested: $47,320 (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: 6.6×

Monthly cashflow live

• Estimated rent: $2,138 high
• Mortgage (P&I): −$886
• Tax est. 1.5%: −$211 /mo · $2,535/yr
• Insurance: −$70
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$215
• Vacancy / Maint / Mgmt: −$449
• Net cashflow: $-120

Break-even live

Break-even rent $2,290

Max offer price $151,629

Occupancy floor —

Sensitivity live

Price	-10% $-3	-5% $-62	+0% $-120	+5% $-178	+10% $-237
Rent	-10% $-289	-5% $-205	+0% $-120	+5% $-36	+10% $49
Rate	-1.0pp $-35	-0.5pp $-77	base $-120	+0.5pp $-164	+1.0pp $-208

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2685 Van Buren Ave Naples, FL	2.0	2.0	865	$2,450	$2.83	24d	1	0.21mi
4603 Bayshore Dr Unit F8 Naples, FL	2.0	2.0	886	$2,550	$2.88	24d	1	0.35mi
4611 Bayshore Dr Unit O8 Naples, FL	2.0	2.0	886	$1,650	$1.86	14d	1	0.37mi
4615 Bayshore Dr Unit E8 Naples, FL	2.0	2.0	886	$1,600	$1.81	14d	1	0.38mi
4635 Bayshore Dr Unit P7 Naples, FL	2.0	2.0	886	$1,600	$1.81	14d	1	0.38mi
4617 Bayshore Dr Unit H5 Naples, FL	2.0	2.0	886	$1,700	$1.92	24d	1	0.39mi
4625 Bayshore Dr Unit D16 Naples, FL	2.0	2.0	885	$1,785	$2.02	24d	1	0.39mi
4450 Botanical Place Cir Unit 6 Naples, FL	2.0	2.0	915	$1,895	$2.07	21d	1	0.40mi
4607 Bayshore Dr Unit K7 Naples, FL	2.0	2.0	886	$1,650	$1.86	24d	1	0.40mi
2455 Thomasson Dr Unit B Naples, FL	2.0	2.0	958	$1,695	$1.77	24d	1	0.40mi
2445 Thomasson Dr Unit D Naples, FL	2.0	2.0	958	$1,895	$1.98	24d	1	0.42mi
2445 Thomasson Dr Unit D Naples, FL	2.0	2.0	958	$1,650	$1.72	14d	1	0.42mi
2445 Thomasson Dr Unit A Naples, FL	2.0	2.0	950	$1,895	$1.99	14d	1	0.42mi
4629 Bayshore Dr Unit J7 Naples, FL	2.0	2.0	886	$1,600	$1.81	24d	1	0.43mi
4621 Bayshore Dr Naples, FL	2.0	2.0	886	$1,675	$1.89	24d	2	0.43mi
4455 Botanical Place Cir Unit 5-104 Naples, FL	2.0	2.0	915	$1,795	$1.96	24d	1	0.44mi
4953 Bayshore Dr Naples, FL	2.0	1.0	886	$2,950	$3.33	14d	1	0.55mi
2840 Shoreview Dr Unit 7 Naples, FL	2.0	1.0	800	$2,000	$2.50	24d	1	0.60mi
3190 Karen Dr Naples, FL	3.0	2.0	840	$1,900	$2.26	24d	1	0.69mi
4719 Alladin Ln Naples, FL	1.0–2.0	1.0–2.0	671	$1,895	$2.82	24d	2	0.74mi
3619 Poplar Way Unit B Naples, FL	2.0	2.0	1045	$2,300	$2.20	24d	1	0.79mi
3561 Thomasson Dr Naples, FL	2.0	2.0	1085	$8,000	$7.37	24d	1	0.80mi
3005 Gordon St Naples, FL	3.0	2.0	967	$2,275	$2.35	14d	1	0.80mi
3005 Gordon St Naples, FL	3.0	2.0	967	$2,275	$2.35	24d	1	0.80mi
3041 Sandpiper Bay Cir Unit H201 Naples, FL	2.0	2.0	1100	$1,999	$1.82	24d	1	0.82mi
3051 Sandpiper Bay Cir Naples, FL	2.0	2.0	1150	$4,000	$3.48	24d	2	0.82mi
3350 Putney Ct Naples, FL	1.0–3.0	1.0–2.0	1038	$2,986	$2.88	14d	26	0.83mi
3032 Sandpiper Bay Cir Naples, FL	2.0	2.0	1150	$4,100	$3.57	24d	2	0.88mi
3062 Sandpiper Bay Cir Naples, FL	2.0	2.0	1150	$4,250	$3.70	24d	2	0.88mi
3806 Guilford Rd Unit 4 Naples, FL	2.0	2.0	1100	$1,750	$1.59	24d	1	0.89mi
3001 Sandpiper Bay Cir Unit B106 Naples, FL	2.0	2.0	1100	$1,950	$1.77	14d	1	0.97mi
149 Palm Dr Unit 8617 Naples, FL	2.0	2.0	981	$2,000	$2.04	14d	1	1.09mi
2347 Bayside St Apt B Naples, FL	2.0	1.0	864	$1,595	$1.85	14d	1	1.18mi
200 Palm Dr #7 Naples, FL	2.0	2.0	1010	$1,600	$1.58	14d	1	1.18mi
131 Teryl Rd Unit 3UNIT 3 Naples, FL	2.0	2.0	1080	$1,750	$1.62	14d	1	1.20mi
131 Teryl Rd Unit C3 Naples, FL	2.0	2.0	1080	$3,495	$3.24	24d	1	1.20mi
1549 Sandpiper St #36 Naples, FL	2.0	2.0	1073	$2,195	$2.05	24d	1	1.20mi
216 Palm Dr #5 Naples, FL	2.0	2.0	1010	$4,500	$4.46	14d	1	1.21mi
232 Palm Dr Unit 47-5 Naples, FL	2.0	2.0	1010	$2,500	$2.48	24d	1	1.23mi
159 Teryl Rd #2 Naples, FL	2.0	2.0	1080	$5,200	$4.81	14d	1	1.23mi

HOA detail

• Monthly dues: $215 · $2,580/yr
• Likely covers: watersecurity

Listing history 12 events

1. 2026-06-18
   days on market $169,000 Active 113 DOM
2. 2026-06-17
   days on market $169,000 Active 112 DOM
3. 2026-06-16
   days on market $169,000 Active 111 DOM
4. 2026-06-15
   days on market $169,000 Active 110 DOM
5. 2026-06-14
   days on market $169,000 Active 108 DOM
6. 2026-06-10
   days on market $169,000 Active 105 DOM
7. 2026-06-09
   days on market $169,000 Active 104 DOM
8. 2026-06-08
   days on market $169,000 Active 103 DOM
9. 2026-06-07
   days on market $169,000 Active 102 DOM
10. 2026-06-03
    days on market $169,000 Active 98 DOM
11. 2026-06-03
    remarks 693-char remark
12. 2026-06-03
    listed $169,000 Active 97 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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 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: $25,662
• − Mortgage interest: −$9,467
• − Property taxes: −$2,535
• − Insurance: −$5,964
• − Repairs & maintenance: −$2,053
• − Management: −$2,053
• − HOA: −$2,580
• − Depreciation: −$4,916
• Taxable loss: −$3,905
• Est. tax savings @ 24.0%: +$937
• After-tax cash flow: $-503/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 · 13 photos

Good 80/100 Cosmetic rehab

This beautifully updated manufactured home in a vibrant 55+ gated community is in good condition with cosmetic renovations and a good condition score of 80. It has a good roof, exterior, flooring, and interior walls/paint. The home has a new HVAC system, plumbing, and hot water heater. The home is in good condition and ready for a new owner.

Value-add opportunities

• Resale Painting the exterior siding — Enhances curb appeal and can increase the home's value
• Resale Landscaping improvements — Enhances curb appeal and can increase the home's value

Renovation cost estimate screening

Value-add ROI direction

• Resale Painting the exterior siding — Enhances curb appeal and can increase the home's value ↑
• Resale Landscaping improvements — Enhances curb appeal and can increase the home's value ↑

ⓘ 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
• City population: 344,941
• 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

• 2026-02-25 Listed $169,000 NAPLESMLS