9185 Celeste Dr Unit 1-103 · Lely Resort, FL
Flood risk 9/10 · Severe
- FEMA flood zone
- AE
- Chance of flooding over 30 yrs
- 0.99%
- Est. flood insurance / yr
- $1,737 – $8,500
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 26 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
- 2 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D- 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).
- ARV discount +9.6/15.0
- Cash flow +8.0/30.0
- 1% rule +5.0/10.0
- Schools +4.6/10.0
- Rent growth +3.9/5.0
- Condition / age +3.8/5.0
- Livability +3.1/5.0
- DSCR +2.1/10.0
- Appreciation +0.0/10.0
$305,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This is a Freddie Mac HomeSteps property. 2 bed, 2 bath, 1st floor condo located in the Coral Falls at Lely Resort community of Naples. This spacious unit features FRESH PAINT & NEW CARPET THROUGHOUT, & a roomy living/dining room with sliding glass doors to the screened lanai! The kitchen has a pantry, & a breakfast bar overlooking the living/dining room . . perfect for entertaining family & friends! The master bedroom features a walk-in closet, access door to the screened lanai, & private master bath with dual sinks & glass shower. The 2nd bathroom features a combo tub & shower. Relax & enjoy the privacy on your screened lanai with a storage closet for all your storing needs! HomeSteps Financing is available for this property. Being sold AS-IS, WHERE-IS. All information and property details are deemed reliable but not guaranteed and should be independently verified if any person intends to engage in a transaction based upon it. All room dimensions are approximate and need to be verified by the buyer.
Key facts
- First-floor condo
- In-unit laundry
- Easy access to golf
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $305k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-735 ($-9k/yr) — negative.
- To cash-flow at today's rent, offer at most $199k (34.9% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $304k (0.4% below list).
- Recommended offer: $199k (34.9% below list) — sets the bar for cash-flow.
- Cap rate 5.1% vs local median 2.4% in Lely Resort — 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 61/100 on livability (#786 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A-; Watch: health & safety D, amenities F, commute 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: Lely Elementary School (math 45% / reading 46%, grade D-, #1,247 of 2,144 statewide, top 59%, 499 students, 62% FRL); Manatee Middle School (math 61% / reading 43%, grade C+, #217 of 571 statewide, top 40%, 749 students, 64% FRL); Lely High School (math 40% / reading 39%, grade F, #304 of 667 statewide, top 47%, 1,504 students, 54% FRL).
- Zoned-school proficiency averages 46% at this address vs 58% district-wide (-12 pts) — the specific schools serving this property underperform the Collier average; the district grade overstates school quality for this exact location.
- Market conditions: Rents rising fast (+5.6%/yr); 700 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); 52% 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).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 126 days — a 12% lower offer ($268k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts since 10y ago; this cycle's ask has dropped $25k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $175k; list at $305k implies a 74% gain — meaningful room to come down on a strong offer.
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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- 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?
- It's been on market 126 days. Have you received any prior offers? Is the seller open to a 35% concession, seller financing, or rate buy-down credit?
- 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- 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
- 1.00% ✗
- Cap rate
- 5.08%
- Cash-on-cash
- -4.33%
- DSCR
- 0.81
- GRM
- 8.4
CMA / ARV
- ARV (median comp)
- $320,153
- List price
- $305,000
- Delta
- -4.73%
- 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 |
|---|---|---|---|---|---|---|---|
| 9175 Celeste Dr #303 | 0.03mi | 2/2.0 | 1,000 (0%) | 3mo | $285,000 | $285 | 96 |
| 900 Henderson Creek Dr Unit C115 | 1.17mi | 2/2.0 | 1,025 (+2%) | 0mo | $195,000 | $190 | 60 |
| 8161 Twelve Oaks Cir #523 | 0.80mi | 2/2.0 | 1,016 (+2%) | 3mo | $250,000 | $246 | 60 |
| 27 Amethyst Ave Unit 27A | 1.48mi | 2/2.0 | 1,055 (+6%) | 2mo | $105,000 | $100 | 54 |
| 5515 Rattlesnake Hamm Rd #301 | 0.75mi | 2/2.0 | 1,060 (+6%) | 4mo | $185,900 | $175 | 52 |
| 9009 Michael Cir #4 | 0.66mi | 2/2.0 | 1,247 (+25%) | 1mo | $380,000 | $305 | 44 |
| 9022 Michael Cir #3 | 0.67mi | 2/2.0 | 1,247 (+25%) | 2mo | $365,000 | $293 | 42 |
| 1753 Beverly Dr | 1.35mi | 2/2.0 | 1,123 (+12%) | 4mo | $223,000 | $199 | 41 |
| 7940 Mahogany Run Ln #612 | 1.15mi | 2/2.0 | 1,244 (+24%) | 0mo | $340,000 | $273 | 40 |
| 101 Audubon Rd | 1.33mi | 2/2.0 | 1,248 (+25%) | 1mo | $200,000 | $160 | 39 |
| 9087 Michael Cir #9 | 0.74mi | 2/2.0 | 1,247 (+25%) | 4mo | $335,000 | $269 | 37 |
| 296 Riverwood Rd | 1.46mi | 2/2.0 | 1,229 (+23%) | 5mo | $206,500 | $168 | 36 |
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 · 5.59% rent growth · sell at horizon
- IRR
- -29.9%
- Equity multiple
- -0.02×
- Total profit
- $-87,423
- Equity at exit
- $45,476
- IRR
- -18.0%
- Equity multiple
- -0.15×
- Total profit
- $-98,497
- Equity at exit
- $26,371
Cash invested: $85,400 (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
- 8 active · 1 under contract
- Median asking
- $334,950 ($306/sqft)
- Median days on market
- 87 d
- This list price
- 38% of active listings are priced below it
- ARV vs active asking
- +4.5% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 34113
- Rents YoY
- 5.6%
- Active inventory
- 700
- Price-to-rent
- 8.4×
Monthly cashflow live
- Estimated rent
- $3,037 medium interval (Pro) →
- Mortgage (P&I)
- −$1,599
- Tax est. 1.5%
- −$381 /mo · $4,575/yr
- Insurance
- −$127
- Flood insurance flood zone
- −$427 /mo · $5,118/yr
- HOA
- −$600
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$638
- Net cashflow
- $-735
Break-even live
Sensitivity live
| Price | -10% $-524 | -5% $-629 | +0% $-735 | +5% $-840 | +10% $-946 |
|---|---|---|---|---|---|
| Rent | -10% $-975 | -5% $-855 | +0% $-735 | +5% $-615 | +10% $-495 |
| Rate | -1.0pp $-581 | -0.5pp $-657 | base $-735 | +0.5pp $-814 | +1.0pp $-894 |
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
- $76,250
- Closing costs
- $9,150
- 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 |
|---|---|---|---|---|---|---|---|---|
| 9175 Celeste Dr Unit 105 Naples, FL | 2.0 | 2.0 | 1000 | $2,000 | $2.00 | 119d | 1 | 0.03mi |
| 9187 Celeste Dr Unit 1073494P Naples, FL | 2.0 | 2.0 | 1399 | $2,620 | $1.87 | 0d | 1 | 0.04mi |
| 9165 Celeste Dr Unit 3-303 Naples, FL | 2.0 | 2.0 | 1000 | $6,500 | $6.50 | 119d | 1 | 0.09mi |
| 9115 Capistrano St S #8207 Naples, FL | 2.0 | 2.5 | 1494 | $6,000 | $4.02 | 119d | 1 | 0.32mi |
| 9111 Capistrano St S #8303 Naples, FL | 2.0 | 2.5 | 1432 | $7,500 | $5.24 | 119d | 1 | 0.32mi |
| 9111 Capistrano St S #8303 Naples, FL | 2.0 | 2.5 | 1432 | $6,500 | $4.54 | 5d | 1 | 0.32mi |
| 6590 Beach Resort Dr Unit 305 Naples, FL | 2.0 | 2.0 | 1351 | $4,500 | $3.33 | 109d | 1 | 0.32mi |
| 6590 Beach Resort Dr Unit 305 Naples, FL | 2.0 | 2.0 | 1351 | $4,500 | $3.33 | 6d | 1 | 0.32mi |
| 9092 Chula Vista St #11003 Naples, FL | 2.0 | 2.0 | 1404 | $6,850 | $4.88 | 119d | 1 | 0.36mi |
| 9088 Chula Vista St Unit 108-3 Naples, FL | 2.0 | 2.0 | 1404 | $5,700 | $4.06 | 119d | 1 | 0.38mi |
| 6820 Beach Resort Dr #11 Naples, FL | 2.0 | 2.0 | 1351 | $2,600 | $1.92 | 6d | 1 | 0.38mi |
| 9102 Capistrano St S #7209 Naples, FL | 2.0 | 2.5 | 1494 | $6,000 | $4.02 | 6d | 1 | 0.40mi |
| 9081 Albion Ln S #6505 Naples, FL | 2.0 | 2.0 | 1225 | $7,500 | $6.12 | 119d | 1 | 0.45mi |
| 9071 Albion Ln N #5706 Naples, FL | 2.0 | 2.5 | 1441 | $2,200 | $1.53 | 119d | 1 | 0.51mi |
| 6650 Beach Resort Dr Unit 908 Naples, FL | 2.0 | 2.0 | 1351 | $4,600 | $3.40 | 109d | 1 | 0.52mi |
| 9082 Capistrano St N Unit 48-5 Naples, FL | 2.0 | 2.0 | 1227 | $6,500 | $5.30 | 119d | 1 | 0.54mi |
| 9063 Capistrano St N #4405 Naples, FL | 2.0 | 2.0 | 1225 | $7,000 | $5.71 | 6d | 1 | 0.57mi |
| 6750 Beach Resort Dr Naples, FL | 2.0 | 2.0 | 1351 | $3,200 | $2.37 | 109d | 2 | 0.61mi |
| 6750 Beach Resort Dr #7 Naples, FL | 2.0 | 2.0 | 1351 | $3,900 | $2.89 | 6d | 1 | 0.61mi |
| 9055 Capistrano St N #4206 Naples, FL | 2.0 | 2.5 | 1441 | $6,000 | $4.16 | 6d | 1 | 0.62mi |
| 9054 Capistrano St N #4003 Naples, FL | 2.0 | 2.0 | 1385 | $2,495 | $1.80 | 6d | 1 | 0.65mi |
| 9054 Capistrano St N #4003 Naples, FL | 2.0 | 2.0 | 1385 | $2,495 | $1.80 | 119d | 1 | 0.65mi |
| 6680 Beach Resort Dr Unit 1214 Naples, FL | 2.0 | 2.0 | 1351 | $4,500 | $3.33 | 109d | 1 | 0.67mi |
| 9022 Michael Cir #2 Naples, FL | 3.0 | 2.0 | 1450 | $6,000 | $4.14 | 6d | 1 | 0.68mi |
| 9022 Michael Cir Unit 2-205 Naples, FL | 2.0 | 2.0 | 1450 | $3,500 | $2.41 | 119d | 1 | 0.68mi |
| 8175 Celeste Dr Naples, FL | 2.0 | 2.0 | 1460 | $2,395 | $1.64 | 119d | 1 | 0.72mi |
| 8175 Celeste Dr #1230 Naples, FL | 2.0 | 2.0 | 1476 | $2,775 | $1.88 | 119d | 1 | 0.72mi |
| 9060 Michael Cir #12 Naples, FL | 3.0 | 2.0 | 1440 | $6,000 | $4.17 | 6d | 1 | 0.72mi |
| 9027 Alturas Ln #3303 Naples, FL | 2.0 | 2.0 | 1385 | $2,495 | $1.80 | 6d | 1 | 0.72mi |
| 8654 Mustang Dr #8 Naples, FL | 3.0 | 2.0 | 1466 | $9,000 | $6.14 | 6d | 1 | 0.73mi |
| 8135 Celeste Dr #4218 Naples, FL | 2.0 | 2.0 | 1476 | $7,500 | $5.08 | 119d | 1 | 0.74mi |
| 8274 Twelve Oaks Cir #126 Naples, FL | 2.0 | 2.0 | 1016 | $2,300 | $2.26 | 6d | 1 | 0.75mi |
| 8228 Twelve Oaks Cir #323 Naples, FL | 2.0 | 2.0 | 1016 | $3,800 | $3.74 | 6d | 1 | 0.76mi |
| 8200 Twelve Oaks Cir #423 Naples, FL | 2.0 | 2.0 | 1016 | $4,500 | $4.43 | 6d | 1 | 0.76mi |
| 5697 Rattlesnake Hammock Rd Unit 101C Naples, FL | 2.0 | 2.0 | 1192 | $1,800 | $1.51 | 6d | 1 | 0.76mi |
| 8986 Cambria Cir #2203 Naples, FL | 2.0 | 2.0 | 1404 | $6,000 | $4.27 | 6d | 1 | 0.79mi |
| 8986 Cambria Cir Unit 22 Naples, FL | 2.0 | 2.0 | 1404 | $6,000 | $4.27 | 119d | 1 | 0.79mi |
| 8161 Twelve Oaks Cir #512 Naples, FL | 2.0 | 2.0 | 1066 | $5,000 | $4.69 | 119d | 1 | 0.81mi |
| 12154 Americus Ln Naples, FL | 1.0 | 1.0 | 1097 | $1,499 | $1.37 | 6d | 1 | 0.90mi |
| 8085 Celeste Dr #812 Naples, FL | 2.0 | 2.0 | 1480 | $6,000 | $4.05 | 109d | 1 | 0.95mi |
Property features AI
Finance
- Other
- Complex has 16 units; building has 64 units across 3 floors; one unit per floor in this configuration
- HOA & community
- Mandatory HOA (professional management)Quarterly condo feeQuarterly condo fee amount appliesAnnual recurring HOA fees total $7,200One-time fees total $650HOA maintenance covers insurance, irrigation water, lawn/land maintenance, legal/accounting, management, sewer, street lights, trash removal, and waterCommunity amenities include BBQ/picnic area, bike and jog paths, bike storage, cabana, community pool, community room, community spa/hot tub, internet access, sidewalks, and streetlightsNon-gated community
Exterior
- Parking
- Directions to unit provided
- Utilities
- Central waterCentral sewerCentral electric power
- Home design
- Residential low-rise building (1–3 stories)Unit located in a multi-unit complex (unit 103)Rear exposure facing northwestLocated in Lely Resort / Coral Falls Resort development
- Construction
- Concrete block constructionStucco exteriorTile roofBuilt in 2005No commercial or RV use allowed (restrictions)
- Exterior features
- Automatic sprinkler systemLandscaped area/viewCentral irrigation
Interior
- Kitchen
- DishwasherRangeRefrigerator/FreezerPantry
- Bedrooms
- 2 bedrooms
- Flooring
- CarpetTile
- Bathrooms
- 2 full bathroomsMaster bath with dual sinks and shower (no tub)
- Heating & cooling
- Central electric heatingCentral electric coolingCable available
- Interior features
- Cable prewireFoyerHigh-speed internet availablePantrySmoke detectorsWalk-in closetSplit bedroom floor planCommon elevatorDining area in living roomScreened lanai/porch
- Laundry & utility
- WasherDryerLaundry in residence
HOA detail $600/mo · $7,200/yr condo
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-24days on market $305,000 Active 126 DOM
-
2026-09-23days on market $305,000 Active 125 DOM
-
2026-09-22days on market $305,000 Active 124 DOM
-
2026-09-21days on market $305,000 Active 123 DOM
-
2026-09-20days on market $305,000 Active 122 DOM
-
2026-09-18days on market $305,000 Active 120 DOM
-
2026-09-17days on market $305,000 Active 119 DOM
-
2026-09-16days on market $305,000 Active 118 DOM
-
2026-09-15days on market $305,000 Active 117 DOM
-
2026-09-14days on market $305,000 Active 116 DOM
-
2026-09-13days on market $305,000 Active 115 DOM
-
2026-09-12days on market $305,000 Active 114 DOM
-
2026-09-12price $305,000 Active 113 DOM
-
2026-09-11days on market $314,000 Active 113 DOM
-
2026-09-05days on market $314,000 Active 107 DOM
-
2026-09-04days on market $314,000 Active 106 DOM
-
2026-09-03days on market $314,000 Active 105 DOM
-
2026-08-31days on market $314,000 Active 102 DOM
-
2026-08-30days on market $314,000 Active 101 DOM
-
2026-08-29days on market $314,000 Active 100 DOM
-
2026-08-28days on market $314,000 Active 99 DOM
-
2026-08-27days on market $314,000 Active 98 DOM
-
2026-08-26days on market $314,000 Active 97 DOM
-
2026-08-25days on market $314,000 Active 96 DOM
-
2026-08-24days on market $314,000 Active 95 DOM
-
2026-08-23days on market $314,000 Active 94 DOM
-
2026-08-22days on market $314,000 Active 93 DOM
-
2026-08-21days on market $314,000 Active 92 DOM
-
2026-08-20price $314,000 Active 91 DOM
-
2026-08-20days on market $329,999 Active 91 DOM
-
2026-08-19days on market $329,999 Active 90 DOM
-
2026-08-18days on market $329,999 Active 89 DOM
-
2026-08-16days on market $329,999 Active 87 DOM
-
2026-08-15days on market $329,999 Active 86 DOM
-
2026-08-13days on market $329,999 Active 84 DOM
-
2026-08-12days on market $329,999 Active 83 DOM
-
2026-08-11days on market $329,999 Active 82 DOM
-
2026-08-10days on market $329,999 Active 81 DOM
-
2026-08-09days on market $329,999 Active 80 DOM
-
2026-08-08days on market $329,999 Active 79 DOM
-
2026-08-07days on market $329,999 Active 78 DOM
-
2026-08-06days on market $329,999 Active 77 DOM
-
2026-08-05days on market $329,999 Active 76 DOM
-
2026-08-04days on market $329,999 Active 75 DOM
-
2026-08-03days on market $329,999 Active 74 DOM
-
2026-07-31days on market $329,999 Active 71 DOM
-
2026-07-30days on market $329,999 Active 70 DOM
-
2026-07-29days on market $329,999 Active 69 DOM
-
2026-07-27days on market $329,999 Active 67 DOM
-
2026-07-25days on market $329,999 Active 65 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 ≥108°F today · 26 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $36,449
- − Mortgage interest
- −$17,085
- − Property taxes
- −$4,575
- − Insurance
- −$6,644
- − Repairs & maintenance
- −$2,916
- − Management
- −$2,916
- − HOA
- −$7,200
- − Depreciation
- −$8,873
- Taxable loss
- −$13,759
- Est. tax savings @ 24.0%
- +$3,302
- After-tax cash flow
- $-5,515/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
This well-maintained first-floor condo is in good condition and ready for immediate occupancy. It offers a bright, open layout and is an excellent income-producing investment or seasonal retreat.
Value-add opportunities
- Both Painting the exterior and interior walls — Fresh paint can enhance the curb appeal and interior aesthetics, making the property more attractive to both buyers and renters. ↑
- Both Updating the flooring in common areas — New flooring can improve the overall look and feel of the property, making it more appealing to both buyers and renters. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic 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 — Lely Resort
- Score
- 61/100
- State rank
- #786
- US rank
- #17981
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Lely Resort, FL
- County
- Collier County · 420,858 people
- Metro
- Naples-Marco Island, FL
- Population (ZIP)
- 26,056
- Household income
- $81,674
- Rent vs 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
- Diverse neighborhood (Simpson 0.59)
- Race & ethnicity
- White 56% Hispanic / Latino 28% Black 12% Two or more races 11% Asian 2%
- Hispanic origin (detail)
- Mexican 17% Puerto Rican 3% Cuban 2%
- Common ancestry
- Hispanic 10% Romanian 3% Lithuanian 2%
- Foreign-born
- 26% · Canada, Jamaica, Vietnam
- Languages at home
- 63% English-only · Spanish 24% French/Haitian/Cajun 9% Other Indo-European 2%
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
- ▼ -194.86%
- Current HPI
- 279.4232
- Rent YoY
- ▲ 5.59%
- 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
+69.3% since first listed3 events — show timeline
- 2026-05-21 Listed $329,999 NAPLESMLS
- 2016-12-31 Sold (MLS) $175,000 Stellar MLS as Distributed by MLS Grid
- 2016-10-04 Listed $194,900 Stellar MLS as Distributed by MLS Grid
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…