487 Jacklin Ln · North Fort Myers, FL 33903

$140,000

2 bd · 2.0 ba · 1,056 sqft · Condo public records · 271 Days on market

Built 1979 $550/mo HOA · 32% of rent

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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).

• Cash flow +11.3/30.0
• 1% rule +7.5/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.7/5.0
• DSCR +3.3/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wonderful Six Lake Country Club! One of the most social 55+ communities around! Golf Cart included! Furnished 2 bedroom, 2 bath. Eat in Kitchen. Wood floors. Newer windows and vinyl siding. Move in ready!

Key facts

• Newer ac unit
• Brand new roof
• Exercise room

Tags

• BRAND NEW ROOF
• NEWER AC UNIT
• GOLF CART INCLUDED
• COMMUNITY POOL SPA
• EXERCISE ROOM
• ACTIVE ADULT COMMUNITY

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Homeowners association with quarterly fee; Quarterly association fee: $1,649; Association covers management, cable TV, golf, legal/accounting, grounds maintenance, recreation facilities, reserve fund, road maintenance, security, and trash; Community amenities include clubhouse, fitness center, pool, spa/hot tub, tennis courts, pickleball, shuffleboard, putting greens, golf course, restaurant, billiards, business center, hobby room, and library; Community is gated and includes golf amenities; Senior community; Community contains 595 units

Exterior

• Parking: Attached garage with garage door opener; 2 garage spaces; Attached carport; 2 carport spaces; 4 covered parking spaces total
• Security: Gated community with security gate and gated with guard; On-site management
• Utilities: Public water; Public sewer; Cable available; High-speed internet available
• Home design: Manufactured home; Vinyl siding; Metal roof; Single-story; Entry level: 1; Home faces north; Exposed to the south
• Construction: Manufactured construction; Vinyl siding exterior; Metal roof
• Exterior features: No notable exterior features listed; Private paved road frontage; Private maintained road

Interior

• Kitchen: Dishwasher; Range; Self-cleaning oven; Microwave; Refrigerator; Freezer
• Bedrooms: Den
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fan(s)
• Interior features: Furnished; Living/Dining room; Pantry; Shower only; Separate shower; Cable TV; Walk-in closet(s); Window treatments; Single hung windows
• Laundry & utility: Washer hookup; Dryer hookup; Laundry in garage; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $140k.

Deal economics

• At list price, monthly cash flow is $-52 ($-627/yr) — negative.
• To cash-flow at today's rent, offer at most $131k (6.6% below list).
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.8% vs local median 3.6% in North Fort Myers — 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 74/100 on livability (#269 in FL, #4,409 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, amenities F, commute 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: Diplomat Elementary School (math 67% / reading 60%, grade B, #564 of 2,144 statewide, top 27%, 1,069 students, 56% FRL); Mariner Middle School (math 50% / reading 47%, grade C-, #274 of 571 statewide, top 50%, 1,001 students, 53% FRL); Ida S. Baker High School (math 44% / reading 47%, grade D-, #223 of 667 statewide, top 34%, 1,933 students, 39% FRL).
• Market conditions: Rents soft (-1.9%/yr); 477 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals leasing fast (median 12d 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 37% of the median local income ($57k/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 $968 of loan paydown is wiped out by about $4k 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 271 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago; this cycle's ask has dropped $20k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $73k; list at $140k implies a 92% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 32% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 3→13/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,200 (12.0% 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 271 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
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. 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?
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 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: 1.25% ✓
• Cap rate: 5.85%
• Cash-on-cash: -1.60%
• DSCR: 0.93
• GRM: 6.7

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: -23.9%
• Equity multiple: 0.21×
• Total profit: $-30,814
• Equity at exit: $20,874

10-year hold

• IRR: -41.2%
• Equity multiple: -0.27×
• Total profit: $-49,612
• Equity at exit: $12,105

Cash invested: $39,200 (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 33903

• Rents YoY: -1.9%
• Active inventory: 477
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,745 high
• Mortgage (P&I): −$734
• Tax from tax record: −$88 /mo · $1,056/yr
• Insurance: −$58
• HOA: −$550
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $-52

Break-even live

Break-even rent $1,811

Max offer price $130,773

Occupancy floor 98%

Sensitivity live

Price	-10% $27	-5% $-13	+0% $-52	+5% $-92	+10% $-131
Rent	-10% $-190	-5% $-121	+0% $-52	+5% $17	+10% $86
Rate	-1.0pp $18	-0.5pp $-17	base $-52	+0.5pp $-89	+1.0pp $-125

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2700 Diplomat Pkwy E Cape Coral, FL	1.0–3.0	1.0–2.0	1116	$2,382	$2.13	5d	41	0.33mi
571 Sunrise Ln North Fort Myers, FL	2.0	2.0	1004	$1,400	$1.39	25d	1	0.47mi
8791 Littleton Rd North Fort Myers, FL	2.0	2.0	1074	$1,549	$1.44	25d	1	0.54mi
3260 Stockton St North Fort Myers, FL	3.0	1.0–2.0	976	$2,371	$2.43	3d	27	0.72mi
3050 Steeple Cir Cape Coral, FL	1.0–3.0	1.0–2.0	1003	$1,668	$1.66	4d	27	0.79mi
28 Nyborg Ave North Fort Myers, FL	3.0	2.0	1042	$1,299	$1.25	16d	1	0.81mi
538 State St North Fort Myers, FL	3.0	1.5	1000	$1,199	$1.20	25d	1	0.98mi
2627 Riverfield Rd Cape Coral, FL	3.0	2.5	1324	$1,424	$1.08	25d	1	0.99mi
2309 NE 15th Ln Cape Coral, FL	3.0	2.0	1250	$1,595	$1.28	5d	1	0.99mi
3404 Rainbow Ln North Fort Myers, FL	2.0	2.0	1056	$1,800	$1.70	5d	1	1.00mi
2221 NE 15th Ln Cape Coral, FL	2.0	2.0	1400	$1,675	$1.20	17d	1	1.07mi
2505 Liberty Park Dr Cape Coral, FL	1.0–2.0	1.0–2.0	1092	$2,203	$2.02	4d	14	1.10mi
446 San Bernardino St North Fort Myers, FL	2.0	1.0	1104	$1,590	$1.44	12d	1	1.12mi
2116 NE 25th St Cape Coral, FL	3.0	2.0	1352	$1,891	$1.40	5d	1	1.14mi
2500 Ne Pine Island Rd North Fort Myers, FL	1.0–3.0	1.0–2.0	962	$2,018	$2.10	5d	19	1.17mi
260 Stockton St North Fort Myers, FL	2.0	2.0	924	$1,200	$1.30	5d	1	1.27mi
248 Stockton St North Fort Myers, FL	3.0	2.0	924	$1,300	$1.41	25d	1	1.30mi
247 Stockton St North Fort Myers, FL	3.0	2.0	924	$1,325	$1.43	25d	1	1.30mi
2006 NE 15th Ter Cape Coral, FL	3.0	2.0	1141	$1,999	$1.75	12d	1	1.38mi
1125 Winding Pines Cir #207 Cape Coral, FL	2.0	2.0	1338	$1,550	$1.16	25d	1	1.41mi
1085 Hancock Creek South Blvd #203 Cape Coral, FL	2.0	2.0	1199	$1,475	$1.23	5d	1	1.48mi

HOA detail condo

• Monthly dues: $550 · $6,600/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-22
   days on market $140,000 Active 271 DOM
2. 2026-06-17
   days on market $140,000 Active 267 DOM
3. 2026-06-16
   days on market $140,000 Active 266 DOM
4. 2026-06-16
   days on market $140,000 Active 265 DOM
5. 2026-06-13
   days on market $140,000 Active 263 DOM
6. 2026-06-09
   days on market $140,000 Active 259 DOM
7. 2026-06-07
   days on market $140,000 Active 257 DOM
8. 2026-06-02
   days on market $140,000 Active 252 DOM
9. 2026-06-01
   days on market $140,000 Active 251 DOM
10. 2026-06-01
    days on market $140,000 Active 250 DOM
11. 2026-03-26
    price $140,000
12. 2026-01-19
    price $150,000
13. 2025-09-23
    listed $160,000 Active
14. 2015-04-14
    price $73,000 204-char remark

    Show marketing remark (204 chars)

    Wonderful Six Lake Country Club! One of the most social 55+ communities around! Golf Cart included! Furnished 2 bedroom, 2 bath. Eat in Kitchen. Wood floors. Newer windows and vinyl siding. Move in ready!

15. 2015-04-10
    soldstatus $73,000 Sold 204-char remark

    Show marketing remark (204 chars)

    Wonderful Six Lake Country Club! One of the most social 55+ communities around! Golf Cart included! Furnished 2 bedroom, 2 bath. Eat in Kitchen. Wood floors. Newer windows and vinyl siding. Move in ready!

16. 2015-04-10
    price $74,000 204-char remark

    Show marketing remark (204 chars)

    Wonderful Six Lake Country Club! One of the most social 55+ communities around! Golf Cart included! Furnished 2 bedroom, 2 bath. Eat in Kitchen. Wood floors. Newer windows and vinyl siding. Move in ready!

17. 2015-02-26
    status Pending 204-char remark

    Show marketing remark (204 chars)

    Wonderful Six Lake Country Club! One of the most social 55+ communities around! Golf Cart included! Furnished 2 bedroom, 2 bath. Eat in Kitchen. Wood floors. Newer windows and vinyl siding. Move in ready!

18. 2015-02-16
    listed $74,000 Active 204-char remark

    Show marketing remark (204 chars)

    Wonderful Six Lake Country Club! One of the most social 55+ communities around! Golf Cart included! Furnished 2 bedroom, 2 bath. Eat in Kitchen. Wood floors. Newer windows and vinyl siding. Move in ready!

19. 2007-03-23
    soldstatus $70,000 264-char remark

    Show marketing remark (264 chars)

    Six Lakes Adult Manufactured 55+ Country Club Golfing Community. (18 holes)Golfing, Swimming, tennis, clubhouses, restaurants, sauna, shuffleboard. A resident owned community. A whole new healthy and active lifestyle. Call for a tour! 'as is' inspections welcomed.

20. 2007-03-12
    price $74,000 264-char remark

    Show marketing remark (264 chars)

    Six Lakes Adult Manufactured 55+ Country Club Golfing Community. (18 holes)Golfing, Swimming, tennis, clubhouses, restaurants, sauna, shuffleboard. A resident owned community. A whole new healthy and active lifestyle. Call for a tour! 'as is' inspections welcomed.

21. 1985-04-01
    soldstatus $10,450,000

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

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,056 · $88/mo
• Projected year-2 tax: $1,162 · $97/mo
• Expected delta: +$106/yr (+$9/mo · 10.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 3 d/yr ≥106°F today · 13 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,936
• − Mortgage interest: −$7,842
• − Property taxes: −$1,056
• − Insurance: −$700
• − Repairs & maintenance: −$1,675
• − Management: −$1,675
• − HOA: −$6,600
• − Depreciation: −$4,073
• Taxable loss: −$2,685
• Est. tax savings @ 24.0%: +$644
• After-tax cash flow: $18/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 — North Fort Myers

• Score: 74/100
• State rank: #269
• US rank: #4409

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Fort Myers, FL
• County: Lee County · 788,662 people
• City population: 57,035
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 23,655
• Household income: $56,993
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 468.0

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: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 14% Two or more races 8% Black 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Cuban 3%
• Common ancestry: Lithuanian 4% Romanian 4% Italian 3%
• Foreign-born: 11% · Canada
• Languages at home: 88% English-only · Spanish 9% 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: ▼ -172.26%
• Current HPI: 256.773
• Rent YoY: ▼ -1.94%
• 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

-98.7% since first listed

11 events — show timeline

• 2026-03-26 Price Changed $140,000 FORTMLS
• 2026-01-19 Price Changed $150,000 FORTMLS
• 2025-09-23 Listed $160,000 FORTMLS
• 2015-04-14 Price Changed $73,000 FORTMLS
• 2015-04-10 Price Changed $74,000 FORTMLS
• 2015-04-10 Sold (MLS) $73,000 FORTMLS
• 2015-02-26 Pending — FORTMLS
• 2015-02-16 Listed $74,000 FORTMLS
• 2007-03-23 Sold (MLS) $70,000 FORTMLS
• 2007-03-12 Price Changed $74,000 FORTMLS
• 1985-04-01 Sold (Public Records) $10,450,000 Public Records

Property tax history

+3.8%/yr

Latest (2025): $1,056 · -42.9% YoY. Source: county tax records.