1120 Ravenswood St E · Lehigh Acres, FL 33974

$249,700

3 bd · 2.0 ba · 1,050 sqft · Land · 125 Days on market

Built 2025 0.26 ac lot

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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).

• Appreciation +10.0/10.0
• Cash flow +7.6/30.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• DSCR +1.7/10.0
• Rent growth +1.3/5.0

Listing remarks MLS

This spacious piece of paradise is a haven for those seeking tranquility away from the city's hustle and bustle. Zoned for single-family residential use, this lot offers endless possibilities to build your dream home. One of the standout features of this property is its prime location - With no deed restrictions holding you back, you have the freedom to create the home you've always dreamed of. Don't miss this opportunity to own a piece of peaceful paradise in beautiful Lehigh Acres!

Key facts

• Paved open lanai
• Spacious backyard
• Private driveway

Tags

• OPEN LAYOUT
• SPACIOUS BACKYARD
• PAVED OPEN LANAI
• PRIVATE DRIVEWAY
• NEAR LOCAL SCHOOLS
• EASY ACCESS TO SR-82

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: No association fee listed

Exterior

• Security: Smoke detectors
• Utilities: Septic tank; Well water; Cable not available
• Home design: Single-story; New construction; North-facing
• Construction: Block, concrete and stucco construction; Shingle roof; Built as new construction
• Exterior features: Open patio and porch; Patio; Porch; Rectangular lot; South exposure; Well water

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Impact glass windows; Bathtub; Separate shower; Living/dining room; Split bedroom layout; Unfurnished
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $250k.

Deal economics

• At list price, monthly cash flow is $-299 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $206k (17.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $181k (27.7% below list).
• Recommended offer: $181k (27.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 59/100 on livability (#826 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime C-, employment D+, schools D-.
• 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.
• Market conditions: Rents falling (-4.7%/yr); 2460 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
• This rent runs 30% of the median local income ($72k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $27k of equity ($2k loan paydown + $25k appreciation (10.0% local appreciation)).
• Lee County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 125 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $15k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $19k; list at $250k implies a 1214% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $180,571 (27.7% 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 125 days. Have you received any prior offers? Is the seller open to a 28% 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.72% ✗
• Cap rate: 4.86%
• Cash-on-cash: -5.13%
• DSCR: 0.77
• GRM: 11.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 19.8%
• Equity multiple: 2.60×
• Total profit: $111,678
• Equity at exit: $224,950

10-year hold

• IRR: 17.6%
• Equity multiple: 5.78×
• Total profit: $334,434
• Equity at exit: $485,112

Cash invested: $69,916 (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 33974

• Home prices YoY: 5.8%
• Rents YoY: -4.7%
• Active inventory: 2460
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $1,806 high
• Mortgage (P&I): −$1,309
• Tax est. 1.5%: −$312 /mo · $3,746/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $-299

Break-even live

Break-even rent $2,184

Max offer price $206,418

Occupancy floor —

Sensitivity live

Price	-10% $-127	-5% $-213	+0% $-299	+5% $-385	+10% $-472
Rent	-10% $-442	-5% $-370	+0% $-299	+5% $-228	+10% $-156
Rate	-1.0pp $-173	-0.5pp $-236	base $-299	+0.5pp $-364	+1.0pp $-430

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: $62,425
• Closing costs: $7,491
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1150 Rahway St Lehigh Acres, FL	2.0	2.0	833	$1,450	$1.74	3d	1	0.23mi
1125 Chipley St Unit 1 Lehigh Acres, FL	2.0	1.0	950	$1,350	$1.42	4d	1	0.72mi
444 Genoa Ave S Lehigh Acres, FL	4.0	2.0	1389	$1,750	$1.26	22d	1	0.89mi
313 Melissa Ave Unit A Lehigh Acres, FL	3.0	2.0	1199	$1,575	$1.31	3d	1	0.98mi
315 Melissa Ave Unit A Lehigh Acres, FL	3.0	2.0	1199	$1,550	$1.29	3d	1	0.99mi
442 Genoa Ave S Lehigh Acres, FL	4.0	2.0	1365	$1,750	$1.28	4d	1	1.42mi

Listing history 22 events

1. 2026-06-17
   days on market $249,700 Active 125 DOM
2. 2026-06-16
   days on market $249,700 Active 124 DOM
3. 2026-06-15
   days on market $249,700 Active 123 DOM
4. 2026-06-13
   days on market $249,700 Active 121 DOM
5. 2026-06-10
   days on market $249,700 Active 118 DOM
6. 2026-06-09
   days on market $249,700 Active 117 DOM
7. 2026-06-07
   days on market $249,700 Active 115 DOM
8. 2026-06-02
   days on market $249,700 Active 110 DOM
9. 2026-06-01
   days on market $249,700 Active 109 DOM
10. 2026-06-01
    days on market $249,700 Active 108 DOM
11. 2026-05-22
    price $249,700
12. 2026-03-27
    price $254,900
13. 2026-02-12
    listed $265,000 Active
14. 2026-02-11
    historical
15. 2026-01-26
    listed $270,000 Active
16. 2024-06-04
    soldstatus $19,000
17. 2024-06-03
    soldstatus $19,000 Closed 488-char remark

    Show marketing remark (488 chars)

    This spacious piece of paradise is a haven for those seeking tranquility away from the city's hustle and bustle. Zoned for single-family residential use, this lot offers endless possibilities to build your dream home. One of the standout features of this property is its prime location - With no deed restrictions holding you back, you have the freedom to create the home you've always dreamed of. Don't miss this opportunity to own a piece of peaceful paradise in beautiful Lehigh Acres!

18. 2024-05-06
    status Pending 488-char remark

    Show marketing remark (488 chars)

    This spacious piece of paradise is a haven for those seeking tranquility away from the city's hustle and bustle. Zoned for single-family residential use, this lot offers endless possibilities to build your dream home. One of the standout features of this property is its prime location - With no deed restrictions holding you back, you have the freedom to create the home you've always dreamed of. Don't miss this opportunity to own a piece of peaceful paradise in beautiful Lehigh Acres!

19. 2024-05-02
    price $19,000 488-char remark

    Show marketing remark (488 chars)

    This spacious piece of paradise is a haven for those seeking tranquility away from the city's hustle and bustle. Zoned for single-family residential use, this lot offers endless possibilities to build your dream home. One of the standout features of this property is its prime location - With no deed restrictions holding you back, you have the freedom to create the home you've always dreamed of. Don't miss this opportunity to own a piece of peaceful paradise in beautiful Lehigh Acres!

20. 2024-02-20
    listed $22,000 Active 488-char remark

    Show marketing remark (488 chars)

    This spacious piece of paradise is a haven for those seeking tranquility away from the city's hustle and bustle. Zoned for single-family residential use, this lot offers endless possibilities to build your dream home. One of the standout features of this property is its prime location - With no deed restrictions holding you back, you have the freedom to create the home you've always dreamed of. Don't miss this opportunity to own a piece of peaceful paradise in beautiful Lehigh Acres!

21. 2005-07-15
    soldstatus $47,500
22. 2005-05-09
    soldstatus $30,000

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,669
• − Mortgage interest: −$13,987
• − Property taxes: −$3,746
• − Insurance: −$1,248
• − Repairs & maintenance: −$1,733
• − Management: −$1,733
• − Depreciation: −$7,264
• Taxable loss: −$8,044
• Est. tax savings @ 24.0%: +$1,930
• After-tax cash flow: $-1,659/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.

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

Livability — Lehigh Acres

• Score: 59/100
• State rank: #826
• US rank: #20055

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lehigh Acres, FL
• County: Lee County · 788,662 people
• City population: 130,638
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 19,927
• Household income: $72,192
• Rent vs Own: 27.3% rent · 72.7% own
• Severe rent burden: 434.0

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Hispanic / Latino 52% Two or more races 31% White 26% Black 18%
• Hispanic origin (detail): Mexican 12% Puerto Rican 7% Cuban 20% Dominican 4%
• Common ancestry: Hispanic 7% Italian 1% Portuguese 1%
• Foreign-born: 32% · Canada, Jamaica
• Languages at home: 48% English-only · Spanish 43% French/Haitian/Cajun 7% Other Indo-European 1%

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: ▲ 16.53%
• Current HPI: 303.3399
• Rent YoY: ▼ -4.68%
• Metro: Cape Coral-Fort Myers, 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

+732.3% since first listed

12 events — show timeline

• 2026-05-22 Price Changed $249,700 FORTMLS
• 2026-03-27 Price Changed $254,900 FORTMLS
• 2026-02-12 Listed $265,000 FORTMLS
• 2026-02-11 Listing Removed — Beaches MLS
• 2026-01-26 Listed $270,000 Beaches MLS
• 2024-06-04 Sold (Public Records) $19,000 Public Records
• 2024-06-03 Sold (MLS) $19,000 FORTMLS
• 2024-05-06 Pending — FORTMLS
• 2024-05-02 Price Changed $19,000 FORTMLS
• 2024-02-20 Listed $22,000 FORTMLS
• 2005-07-15 Sold (Public Records) $47,500 Public Records
• 2005-05-09 Sold (Public Records) $30,000 Public Records

Property tax history

+18.3%/yr

Latest (2025): $447 · +25.7% YoY. Source: county tax records.