19 Indian Pkwy Unit IP19 · Fort Myers Beach, FL 33931

$189,995

2 bd · 2.0 ba · 960 sqft · Manufactured · 161 Days on market

Manufactured home Built 2026 Good condition $198/sqft · 10% below area Est $210k · 10% under

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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 +11.8/15.0
• Cash flow +6.7/30.0
• Schools +4.7/10.0
• Condition / age +4.0/5.0
• Livability +3.5/5.0
• Appreciation +2.5/10.0
• Rent growth +2.5/5.0
• 1% rule +1.7/10.0
• DSCR +1.0/10.0
• Manufactured-home adj. -3.1

Listing remarks

Coastal Elegance Meets Modern Comfort Experience the ultimate Florida lifestyle in this stunning 2-bedroom, 2-bathroom home, perfectly situated in the highly sought-after Sun Resorts and Residences in Fort Myers Beach. Listed at $175,995, this 1,000 sq. ft. residence offers a harmonious blend of coastal charm and contemporary sophistication. Interior Highlights The open-concept living area welcomes you with abundant natural light, elevated tray ceilings, and stylish wide-plank flooring.

Key facts

• Breakfast nook
• Tranquil bedrooms
• Private driveway

Tags

• OPEN-CONCEPT LIVING AREA
• MODERN KITCHEN
• BREAKFAST NOOK
• TRANQUIL BEDROOMS
• IMPECCABLY DESIGNED BATHROOMS
• PRIVATE DRIVEWAY

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $190k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-303 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $146k (23.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $128k (32.7% below list).
• Recommended offer: $128k (32.7% below list) — sets the bar for 1% rule.
• Cap rate 4.4% vs local median 0.2% in Fort Myers Beach — 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 69/100 on livability (#489 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing B; Watch: amenities F, commute F, cost of living F.
• Lee (suburban): math 47% / reading 50% proficiency, ranked #42 of 73 in FL (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Heights Elementary School (math 74% / reading 67%, grade A-, #333 of 2,144 statewide, top 16%, 1,109 students, 38% FRL); Lexington Middle School (math 55% / reading 54%, grade B-, #183 of 571 statewide, top 34%, 1,138 students, 44% FRL); South Fort Myers High School (math 23% / reading 30%, grade F, #489 of 667 statewide, top 74%, 1,917 students, 50% FRL).
• Market conditions: 1137 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 30d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Lee County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 161 days — a 12% lower offer ($167k) is reasonable based on typical stale-listing flexibility.

Recommended offer $127,854 (32.7% 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 161 days. Have you received any prior offers? Is the seller open to a 33% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 0.67% ✗
• Cap rate: 4.38%
• Cash-on-cash: -6.83%
• DSCR: 0.70
• GRM: 12.4

CMA / ARV

• ARV (median comp): $210,000
• List price: $189,995
• Delta: -9.53%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11791 Papershell Dr	0.93mi	2/2.0	920 (-4%)	1mo	$195,000	$212	57
17511 Bryan Ct	0.63mi	2/2.0	1,056 (+10%)	0mo	$215,000	$204	54
376 Verna Ave	1.10mi	2/1.5	1,063 (+11%)	0mo	$112,000	$105	45
17700 Peppard Dr	0.67mi	2/2.0	1,152 (+20%)	2mo	$225,000	$195	42
42 Ronald Dr NE	1.10mi	2/1.0	872 (-9%)	17mo	$90,000	$103	32

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -28.1%
• Equity multiple: 0.06×
• Total profit: $-50,064
• Equity at exit: $28,329

10-year hold

• IRR: -27.0%
• Equity multiple: -0.29×
• Total profit: $-68,363
• Equity at exit: $16,427

Cash invested: $53,199 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 33 active · 6 under contract
• Months of supply: 49.5 mo (2%/mo absorbed)
• Median asking: $176,999 ($186/sqft)
• Median days on market: 184 d
• This list price: 61% of active listings are priced below it
• ARV vs active asking: +17.4% above current asking $/sqft

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

ZIP-level market 33931

• Home prices YoY: -18.8%
• Active inventory: 1137
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $1,279 high
• Mortgage (P&I): −$996
• Tax est. 1.5%: −$237 /mo · $2,850/yr
• Insurance: −$79
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$268
• Net cashflow: $-303

Break-even live

Break-even rent $1,662

Max offer price $146,155

Occupancy floor —

Sensitivity live

Price	-10% $-172	-5% $-237	+0% $-303	+5% $-369	+10% $-434
Rent	-10% $-404	-5% $-353	+0% $-303	+5% $-252	+10% $-202
Rate	-1.0pp $-207	-0.5pp $-255	base $-303	+0.5pp $-352	+1.0pp $-402

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: $47,499
• Closing costs: $5,700
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
730 Chippewa Trl Fort Myers Beach, FL	2.0	2.0	1000	$1,600	$1.60	6d	1	0.19mi
730 Chippewa Trl Fort Myers Beach, FL	2.0	2.0	1000	$1,600	$1.60	10d	1	0.19mi
17220 Whitewater Ct Fort Myers Beach, FL	2.0	1.5	1103	$1,800	$1.63	10d	1	0.36mi
11060 Caravel Cir #105 Fort Myers, FL	1.0	1.5	786	$1,400	$1.78	10d	1	0.49mi
11110 Caravel Cir #201 Fort Myers, FL	2.0	2.0	1050	$3,500	$3.33	164d	1	0.53mi
11110 Caravel Cir #101 Fort Myers, FL	2.0	2.0	1050	$4,200	$4.00	10d	1	0.53mi
11110 Caravel Cir #101 Fort Myers, FL	2.0	2.0	1050	$4,200	$4.00	6d	1	0.53mi
16920 Carmen Ave Fort Myers, FL	2.0	1.0	800	$1,300	$1.62	164d	1	0.53mi
16910 Carmen Ave #16922 Fort Myers, FL	2.0	1.0	780	$1,400	$1.79	164d	1	0.54mi
16910 Carmen Ave Unit 16912 Fort Myers, FL	2.0	1.0	780	$1,300	$1.67	55d	1	0.54mi
16910 Carmen Ave Unit 16920 Fort Myers, FL	2.0	1.0	780	$1,300	$1.67	133d	1	0.54mi
11461 Char Ann Dr Unit B Fort Myers, FL	3.0	2.0	900	$1,400	$1.56	10d	1	0.55mi
16890 Carmen Ave Unit 16902 Fort Myers, FL	2.0	1.0	800	$1,295	$1.62	144d	1	0.55mi
11470 Char Ann Dr Fort Myers, FL	2.0	1.0	834	$1,200	$1.44	29d	1	0.56mi
11464 Char Ann Dr Fort Myers, FL	2.0	1.0	834	$1,200	$1.44	10d	1	0.56mi
11470 Char Ann Dr Fort Myers, FL	2.0	1.0	834	$1,200	$1.44	10d	1	0.56mi
11464 Char Ann Dr Fort Myers, FL	2.0	1.0	834	$1,200	$1.44	28d	1	0.56mi
11470 Char Ann Dr Fort Myers, FL	2.0	1.0	834	$1,200	$1.44	144d	1	0.56mi
11470 Char Ann Dr Fort Myers, FL	2.0	1.0	834	$1,200	$1.44	38d	1	0.56mi
11140 Caravel Cir #109 Fort Myers, FL	2.0	2.0	1050	$4,200	$4.00	164d	1	0.57mi
11140 Caravel Cir #109 Fort Myers, FL	2.0	2.0	1050	$4,200	$4.00	55d	1	0.57mi
11140 Caravel Cir #109 Fort Myers, FL	2.0	2.0	1050	$4,200	$4.00	10d	1	0.57mi
11430 Kimble Dr Unit 11432 front Fort Myers, FL	2.0	1.0	700	$1,300	$1.86	144d	1	0.62mi
11430 Kimble Dr Unit 11432 back Fort Myers, FL	1.0	1.0	650	$1,300	$2.00	24d	1	0.62mi
11430 Kimble Dr Unit 11430 front Fort Myers, FL	2.0	1.0	700	$1,295	$1.85	144d	1	0.62mi
11430 Kimble Dr Unit 11432 Fort Myers, FL	1.0	1.0	650	$1,300	$2.00	10d	1	0.62mi
11401 Char Ann Dr #403 Fort Myers, FL	2.0	1.0	947	$1,600	$1.69	2d	1	0.64mi
11410 Char Ann Dr Unit 2 Fort Myers, FL	1.0	1.0	700	$1,300	$1.86	10d	1	0.65mi
16901 Juanita Ave Fort Myers, FL	2.0	1.0	780	$1,575	$2.02	10d	1	0.67mi
16901 Juanita Ave Fort Myers, FL	2.0	1.0	780	$1,575	$2.02	55d	1	0.67mi
16901 Juanita Ave Fort Myers, FL	2.0	1.0	780	$1,575	$2.02	29d	1	0.67mi
11220 Caravel Cir #306 Fort Myers, FL	1.0	1.5	836	$2,500	$2.99	164d	1	0.69mi
12150 Kelly Sands Way Fort Myers, FL	2.0	2.0	1087	$5,150	$4.74	6d	2	0.69mi
12150 Kelly Sands Way Fort Myers, FL	2.0	2.0	1087	$3,300	$3.03	130d	2	0.69mi
12150 Kelly Sands Way Fort Myers, FL	2.0	2.0	1087	$4,700	$4.32	164d	2	0.69mi
11540 Caravel Cir #3012 Fort Myers, FL	2.0	2.0	1050	$1,250	$1.19	162d	1	0.71mi
16841 Juanita Ave Unit B Fort Myers, FL	2.0	1.0	840	$1,845	$2.20	1d	1	0.71mi
16841 Juanita Ave Unit B Fort Myers, FL	2.0	1.0	840	$1,845	$2.20	164d	1	0.71mi
16841 Juanita Ave Unit D Fort Myers, FL	2.0	1.0	840	$1,345	$1.60	7d	1	0.71mi
16580 Ginger Ln #3242 Fort Myers, FL	2.0	2.0	982	$1,800	$1.83	164d	1	0.73mi

Property features AI

Finance

• Financial info: List price $155,995

Exterior

• Home design: Spec home — plan: 19 Indian Parkway
• Construction: Living area approximately 960
• Exterior features: Located on Fort Myers Beach

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 2 bathrooms (full)
• Interior features: Open living area

Listing history 50 events

1. 2026-09-24
   days on market $189,995 Active 161 DOM
2. 2026-09-23
   days on market $189,995 Active 160 DOM
3. 2026-09-22
   days on market $189,995 Active 159 DOM
4. 2026-09-21
   days on market $189,995 Active 158 DOM
5. 2026-09-17
   days on market $189,995 Active 154 DOM
6. 2026-09-13
   days on market $189,995 Active 150 DOM
7. 2026-09-13
   days on market $189,995 Active 149 DOM
8. 2026-09-11
   pricedays on market $189,995 Active 148 DOM
9. 2026-09-05
   days on market $175,995 Active 142 DOM
10. 2026-09-04
    days on market $175,995 Active 141 DOM
11. 2026-08-31
    days on market $175,995 Active 137 DOM
12. 2026-08-28
    days on market $175,995 Active 134 DOM
13. 2026-08-26
    days on market $175,995 Active 132 DOM
14. 2026-08-24
    days on market $175,995 Active 130 DOM
15. 2026-08-23
    days on market $175,995 Active 129 DOM
16. 2026-08-21
    days on market $175,995 Active 127 DOM
17. 2026-08-20
    days on market $175,995 Active 126 DOM
18. 2026-08-19
    days on market $175,995 Active 125 DOM
19. 2026-08-18
    days on market $175,995 Active 124 DOM
20. 2026-08-16
    days on market $175,995 Active 122 DOM
21. 2026-08-15
    days on market $175,995 Active 121 DOM
22. 2026-08-13
    days on market $175,995 Active 119 DOM
23. 2026-08-09
    days on market $175,995 Active 115 DOM
24. 2026-08-06
    days on market $175,995 Active 112 DOM
25. 2026-08-05
    days on market $175,995 Active 111 DOM
26. 2026-07-26
    days on market $175,995 Active 101 DOM
27. 2026-07-24
    days on market $175,995 Active 99 DOM
28. 2026-07-23
    days on market $175,995 Active 98 DOM
29. 2026-07-22
    days on market $175,995 Active 97 DOM
30. 2026-07-21
    days on market $175,995 Active 96 DOM
31. 2026-07-18
    days on market $175,995 Active 93 DOM
32. 2026-07-18
    days on market $175,995 Active 92 DOM
33. 2026-07-16
    days on market $175,995 Active 91 DOM
34. 2026-07-15
    days on market $175,995 Active 90 DOM
35. 2026-07-13
    days on market $175,995 Active 88 DOM
36. 2026-07-13
    days on market $175,995 Active 87 DOM
37. 2026-07-12
    days on market $175,995 Active 86 DOM
38. 2026-07-10
    days on market $175,995 Active 85 DOM
39. 2026-07-10
    days on market $175,995 Active 84 DOM
40. 2026-07-07
    days on market $175,995 Active 82 DOM
41. 2026-07-06
    days on market $175,995 Active 81 DOM
42. 2026-07-05
    days on market $175,995 Active 80 DOM
43. 2026-07-02
    days on market $175,995 Active 77 DOM
44. 2026-07-01
    days on market $175,995 Active 76 DOM
45. 2026-06-30
    days on market $175,995 Active 75 DOM
46. 2026-06-29
    days on market $175,995 Active 74 DOM
47. 2026-06-28
    days on market $175,995 Active 73 DOM
48. 2026-06-25
    days on market $175,995 Active 69 DOM
49. 2026-06-22
    days on market $175,995 Active 66 DOM
50. 2026-06-17
    days on market $175,995 Active 62 DOM

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

Taxation est. · year 1

• Rental income: $15,342
• − Mortgage interest: −$10,643
• − Property taxes: −$2,850
• − Insurance: −$950
• − Repairs & maintenance: −$1,227
• − Management: −$1,227
• − Depreciation: −$5,527
• Taxable loss: −$7,082
• Est. tax savings @ 24.0%: +$1,700
• After-tax cash flow: $-1,936/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 · 6 photos

Good 80/100 Cosmetic rehab Est. rehab $4,800–$14,400 screening

This 2-bedroom, 2-bathroom home in Sun Resorts and Residences in Fort Myers Beach is in good condition with cosmetic updates needed to enhance its curb appeal and interior aesthetics. The open-concept living area and modern kitchen make it a great investment for both resale and rental.

Value-add opportunities

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhances curb appeal and adds value. ↑
• Both New flooring in bathrooms — Improves functionality and aesthetics in bathrooms. ↑
• Both New kitchen appliances — Modernizes the kitchen and adds value for potential buyers or 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.

F Composite school gradezoned avg 47/100

Zoned Schools

Elementary Colonial Elementary School F FL #1,744/2,144 Nat'l #24,299/41,679 Middle Cypress Lake Middle School B+ FL #116/571 Nat'l #1,503/14,009 High Cypress Lake High School D- FL #228/667 Nat'l #6,809/17,239

Schools (NCES district)

• District: Lee
• NCES district ID: 1201080
• Math proficiency: 47% ▼ -11.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $49,518
• Composite: 41.49/100
• National rank: #3458
• State rank: #42 of 73 in FL

C Composite livability gradescore 69/100

Livability — Fort Myers Beach

• Score: 69/100
• State rank: #489
• US rank: #8995

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lee County · 871,946 people
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 8,350
• Household income: $79,018
• Rent vs Own: 10.7% rent · 89.3% own
• Severe rent burden: 5% of renters

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Population outlook (Lee County) Hauer SSP2

• Today (2025): 871,946 people
• By 2030: 955,468 · +9.6%
• By 2040: 1,113,587 · +27.7%
• By 2050: 1,256,891 · +44.1%
• By 2075: 1,560,270 · +78.9%
• By 2100: 1,726,848 · +98.0%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 4% Two or more races 4%
• Languages at home: 94% English-only · Spanish 2% German/W. Germanic 1% French/Haitian/Cajun 1%

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Political lean MEDSL · Lee

• 2024 margin: Strong R (+28.4) · D 35.5% · R 63.9%
• 2008→2024 swing: -18.0pp toward R · 2008: -10.4pp · 2024: -28.4pp
• All cycles: 2024: R+28.4 2020: R+19.2 2016: R+20.4 2012: R+16.6 2008: R+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -194.12%
• Current HPI: 837.37
• Rent YoY: —
• Metro: Cape Coral-Fort Myers, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

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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

Property features AI

Finance

• Financial info: List price $155,995

Exterior

• Home design: Spec home — plan: 19 Indian Parkway
• Construction: Living area approximately 960
• Exterior features: Located on Fort Myers Beach

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 2 bathrooms (full)
• Interior features: Open living area