3384 N Key Dr Unit A3 · North Fort Myers, FL
Flood risk 7/10 · Major
- FEMA flood zone
- AE
- Chance of flooding over 30 yrs
- 0.76%
- Est. flood insurance / yr
- $1,737 – $8,500
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 107°F)
- 7 days/yr
- Hot days in 30 yrs
- 30 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
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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).
- ARV discount +15.0/15.0
- Cash flow +14.1/30.0
- 1% rule +7.5/10.0
- Schools +5.5/10.0
- DSCR +4.5/10.0
- Condition / age +4.0/5.0
- Livability +3.7/5.0
- Rent growth +2.0/5.0
- Appreciation +0.0/10.0
$129,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Priced below market value! Here is a great opportunity to own a very affordable river view condo in North Fort Myers. The Bay Harbour Club Condos are a 55+ community for older adults. This two-bedroom two bath ground floor unit is move in ready and contents are negotiable. Conveniently located across the river from downtown Fort Myers, is just a short trip to access all the special events, popular themed restaurants, shopping, and nightlife. This condo has an oversized 1 car garage that will fit your car with additional storage to spare for a workshop of your toys. The community offers a large inground resort style heated pool that sits right on the river's edge.
Key facts
- Ground floor unit
- Fishing pier
- River view
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $130k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-428 ($-5k/yr) — negative.
- To cash-flow at today's rent, offer at most $68k (47.7% below list).
- Meets the 1% rule at list price ($2k rent vs $130k).
- Recommended offer: $68k (47.7% below list) — sets the bar for cash-flow.
- Cap rate 6.3% vs local median 3.7% 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); 869 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 86d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
- This rent runs 44% 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 $898 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 130 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts since 2y ago; this cycle's ask has dropped $25k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: flood insurance adds $427/mo; HOA is 36% of rent.
- 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→30/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 130 days. Have you received any prior offers? Is the seller open to a 48% concession, seller financing, or rate buy-down credit?
- Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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.
- 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
- 1.60% ✓
- Cap rate
- 6.28%
- Cash-on-cash
- -0.06%
- DSCR
- 1.00
- GRM
- 5.2
CMA / ARV
- ARV (median comp)
- $241,699
- List price
- $129,900
- Delta
- -46.26%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 3358 N Key Dr #2 | 0.02mi | 2/2.0 | 1,200 (0%) | 1mo | $175,000 | $146 | 98 |
| 1051 Palm Ave #117 | 0.32mi | 2/2.0 | 1,069 (-11%) | 1mo | $139,000 | $130 | 66 |
| 531 Pangola Dr | 1.45mi | 2/2.0 | 1,151 (-4%) | 1mo | $130,000 | $113 | 58 |
| 150 Brooks Rd | 1.24mi | 2/2.0 | 1,160 (-3%) | 3mo | $159,900 | $138 | 57 |
| 1021 April Ln | 1.30mi | 3/2.0 (+1) | 1,200 (0%) | 4mo | $255,000 | $213 | 57 |
| 339 W Mariana Ave | 1.42mi | 3/2.0 (+1) | 1,226 (+2%) | 4mo | $230,000 | $188 | 53 |
| 1165 Palm Ave Unit 3B | 0.47mi | 2/2.0 | 955 (-20%) | 1mo | $99,000 | $104 | 52 |
| 421 Cross St | 0.81mi | 3/2.0 (+1) | 1,092 (-9%) | 1mo | $339,000 | $310 | 44 |
| 137 Dow Ln | 1.18mi | 3/2.0 (+1) | 1,312 (+9%) | 2mo | $270,000 | $206 | 43 |
| 1242 Forsyth Dr | 1.20mi | 2/2.0 | 1,034 (-14%) | 5mo | $240,000 | $232 | 38 |
| 13260 Silver Thorn Loop #1005 | 0.78mi | 2/2.0 | 1,368 (+14%) | 5mo | $205,000 | $150 | 38 |
| 1398 Evalena Ln | 1.40mi | 3/2.0 (+1) | 1,479 (+23%) | 1mo | $197,500 | $134 | 34 |
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 · 0.0% rent growth · sell at horizon
- IRR
- -53.8%
- Equity multiple
- -0.48×
- Total profit
- $-53,680
- Equity at exit
- $19,369
- IRR
- —
- Equity multiple
- -1.82×
- Total profit
- $-102,403
- Equity at exit
- $11,231
Cash invested: $36,372 (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
- 5 active · 1 under contract
- Median asking
- $250,000 ($198/sqft)
- Median days on market
- 272 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- +1.6% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33903
- Rents YoY
- -1.9%
- Active inventory
- 869
- Price-to-rent
- 5.2×
Monthly cashflow live
- Estimated rent
- $2,083 high interval (Pro) →
- Mortgage (P&I)
- −$681
- Tax est. 1.5%
- −$162 /mo · $1,948/yr
- Insurance
- −$54
- Flood insurance flood zone
- −$427 /mo · $5,118/yr
- HOA
- −$750
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$438
- Net cashflow
- $-428
Break-even live
Sensitivity live
| Price | -10% $-339 | -5% $-383 | +0% $-428 | +5% $-473 | +10% $-518 |
|---|---|---|---|---|---|
| Rent | -10% $-593 | -5% $-511 | +0% $-428 | +5% $-346 | +10% $-264 |
| Rate | -1.0pp $-363 | -0.5pp $-395 | base $-428 | +0.5pp $-462 | +1.0pp $-496 |
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
- $32,475
- Closing costs
- $3,897
- 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 |
|---|---|---|---|---|---|---|---|---|
| 3392 N Key Dr #7 North Fort Myers, FL | 2.0 | 2.0 | 1200 | $1,895 | $1.58 | 119d | 1 | 0.02mi |
| 3460 N Key Dr #203 North Fort Myers, FL | 1.0 | 1.5 | 840 | $3,250 | $3.87 | 119d | 1 | 0.04mi |
| 3460 N Key Dr #311 North Fort Myers, FL | 2.0 | 2.0 | 1412 | $3,200 | $2.27 | 119d | 1 | 0.05mi |
| 3460 N Key Dr #210 North Fort Myers, FL | 2.0 | 2.0 | 1412 | $1,795 | $1.27 | 110d | 1 | 0.05mi |
| 3460 N Key Dr Fort Myers, FL | 2.0 | 2.0 | 1412 | $1,800 | $1.27 | 119d | 1 | 0.05mi |
| 3460 N Key Dr Fort Myers, FL | 2.0 | 2.0 | 1440 | $1,800 | $1.25 | 111d | 1 | 0.05mi |
| 3490 N Key Dr #514 North Fort Myers, FL | 2.0 | 2.0 | 1103 | $1,395 | $1.26 | 62d | 1 | 0.10mi |
| 3490 N Key Dr #217 North Fort Myers, FL | 1.0 | 2.0 | 1106 | $3,500 | $3.16 | 9d | 1 | 0.10mi |
| 3490 N Key Dr #211 North Fort Myers, FL | 2.0 | 2.0 | 1412 | $1,550 | $1.10 | 119d | 1 | 0.10mi |
| 3490 N Key Dr #203 North Fort Myers, FL | 1.0 | 1.5 | 840 | $1,300 | $1.55 | 119d | 1 | 0.10mi |
| 3490 N Key Dr #410 North Fort Myers, FL | 2.0 | 2.0 | 1412 | $1,895 | $1.34 | 0d | 1 | 0.10mi |
| 3490 N Key Dr North Fort Myers, FL | 2.0 | 2.0 | 1106 | $3,500 | $3.16 | 9d | 1 | 0.10mi |
| 3490 N Key Dr #511 North Fort Myers, FL | 2.0 | 2.0 | 1412 | $1,450 | $1.03 | 9d | 1 | 0.10mi |
| 3490 N Key Dr #205 North Fort Myers, FL | 2.0 | 2.0 | 1106 | $1,450 | $1.31 | 93d | 1 | 0.10mi |
| 3490 N Key Dr Unit 211C North Fort Myers, FL | 2.0 | 2.0 | 1412 | $1,495 | $1.06 | 9d | 1 | 0.10mi |
| 3350 N Key Dr North Fort Myers, FL | 3.0 | 2.0 | 1207 | $2,250 | $1.86 | 63d | 1 | 0.11mi |
| 3350 N Key Dr Unit B911 North Fort Myers, FL | 3.0 | 2.0 | 1283 | $3,800 | $2.96 | 119d | 1 | 0.11mi |
| 3350 N Key Dr #813 North Fort Myers, FL | 2.0 | 2.0 | 1207 | $1,900 | $1.57 | 86d | 1 | 0.11mi |
| 3350 N Key Dr #713 North Fort Myers, FL | 3.0 | 2.0 | 1207 | $2,250 | $1.86 | 99d | 1 | 0.11mi |
| 3350 N Key Dr #914 North Fort Myers, FL | 3.0 | 2.0 | 1283 | $4,000 | $3.12 | 9d | 1 | 0.11mi |
| 3345 N Key Dr North Fort Myers, FL | 2.0 | 3.0 | 1112 | $1,900 | $1.71 | 9d | 1 | 0.16mi |
| 3345 N Key Dr #47 North Fort Myers, FL | 2.0 | 2.5 | 1112 | $2,150 | $1.93 | 119d | 1 | 0.16mi |
| 3342 N Key Dr Unit L3 North Fort Myers, FL | 2.0 | 1.0 | 791 | $1,490 | $1.88 | 119d | 1 | 0.17mi |
| 3342 N Key Dr North Fort Myers, FL | 2.0 | 1.0 | 791 | $1,349 | $1.71 | 9d | 1 | 0.17mi |
| 3324 N Key Dr #7 North Fort Myers, FL | 2.0 | 1.0 | 791 | $1,400 | $1.77 | 87d | 1 | 0.21mi |
| 3328 N Key Dr #5 North Fort Myers, FL | 2.0 | 1.0 | 791 | $1,400 | $1.77 | 119d | 1 | 0.22mi |
| 3328 N Key Dr North Fort Myers, FL | 2.0 | 1.0 | 800 | $1,400 | $1.75 | 99d | 1 | 0.22mi |
| 3300 N Key Dr Unit 4W North Fort Myers, FL | 2.0 | 2.0 | 1103 | $2,500 | $2.27 | 5d | 1 | 0.24mi |
| 3458 Hancock Bridge Pkwy North Fort Myers, FL | 2.0 | 2.0 | 1152 | $3,600 | $3.12 | 9d | 1 | 0.26mi |
| 3462 Hancock Bridge Pkwy #242 North Fort Myers, FL | 2.0 | 2.0 | 1152 | $1,750 | $1.52 | 119d | 1 | 0.30mi |
| 3392 N Key Dr Unit B7 North Fort Myers, FL | 2.0 | 2.0 | 1200 | $1,895 | $1.58 | 106d | 1 | 0.32mi |
| 3392 N Key Dr North Fort Myers, FL | 2.0 | 2.0 | 1270 | $1,850 | $1.46 | 117d | 1 | 0.32mi |
| 1055 Palm Ave #214 North Fort Myers, FL | 2.0 | 2.0 | 1069 | $1,500 | $1.40 | 9d | 1 | 0.34mi |
| 3403 Hancock Bridge Pkwy North Fort Myers, FL | 1.0–3.0 | 1.0–2.0 | 810 | $1,370 | $1.69 | 0d | 145 | 0.40mi |
| 8049 Stillwater Ct North Fort Myers, FL | 1.0–2.0 | 1.0–2.0 | 720 | $1,800 | $2.50 | 9d | 1 | 0.41mi |
| 13700 Oak St Unit 4-103 North Fort Myers, FL | 2.0 | 2.0 | 1098 | $1,965 | $1.79 | 9d | 1 | 0.49mi |
| 13700 Oak St Unit 8-302 North Fort Myers, FL | 2.0 | 2.0 | 1160 | $2,199 | $1.90 | 9d | 1 | 0.49mi |
| 13700 Oak St Unit 6-202 North Fort Myers, FL | 2.0 | 2.0 | 1257 | $2,325 | $1.85 | 9d | 1 | 0.49mi |
| 13700 Oak St Unit 6-305 North Fort Myers, FL | 1.0 | 1.0 | 793 | $1,674 | $2.11 | 9d | 1 | 0.49mi |
| 13700 Magnolia Oak Cir North Fort Myers, FL | 1.0–3.0 | 1.0–2.0 | 1023 | $2,042 | $2.00 | 4d | 29 | 0.53mi |
Property features AI
Finance
- Financial info
- Pets allowed on a conditional basis (call); maximum 1 pet up to 25 lbs
- HOA & community
- Homeowners association with monthly feeAssociation fee covers management, insurance, irrigation water, legal/accounting, grounds maintenance, pest control, reserve fund, road maintenance, street lights, trash, and waterAssociation amenities include bike storage, pier, pool, spa/hot tub, sidewalks, vehicle wash area, and managementCondo hotel community and near hotel/motelStreet lights in communitySenior communityCommunity contains 40 units
Exterior
- Parking
- Assigned parkingDrivewayDetached garageGarage with door opener1 covered/garage spacePaved parking
- Security
- Smoke detectors
- Utilities
- Public waterPublic sewerCable available
- Home design
- 2-story propertyEntry level: 1Resale property
- Construction
- Built with block, concrete, and stuccoBuilt-up and flat roof
- Exterior features
- Private road frontage on a paved, privately maintained roadAutomatic sprinklersSprinkler/irrigation systemHas waterfront (riverfront)Southwest exposureHas a viewNortheast-facing
Interior
- Kitchen
- DishwasherDisposalMicrowaveRefrigeratorSelf-cleaning ovenEat-in kitchenPantry
- Bedrooms
- Bedroom on main levelFamily roomFlorida roomGreat room
- Flooring
- CarpetTile
- Bathrooms
- 2 full bathrooms
- Heating & cooling
- Central heating (electric)Central airCeiling fans
- Interior features
- Furnishing negotiableBuilt-in featuresEat-in kitchenFamily/dining roomLiving/dining roomPantryTub with showerCable TV availableHigh-speed internetSplit bedroom floorplan
- Laundry & utility
- WasherDryerLaundry inside
HOA detail $750/mo · $9,000/yr condo
- Likely covers
- pool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-24days on market $129,900 Active 130 DOM
-
2026-09-23days on market $129,900 Active 129 DOM
-
2026-09-22days on market $129,900 Active 128 DOM
-
2026-09-21days on market $129,900 Active 127 DOM
-
2026-09-18days on market $129,900 Active 124 DOM
-
2026-09-17days on market $129,900 Active 123 DOM
-
2026-09-16days on market $129,900 Active 122 DOM
-
2026-09-14days on market $129,900 Active 120 DOM
-
2026-09-13days on market $129,900 Active 119 DOM
-
2026-09-12days on market $129,900 Active 118 DOM
-
2026-09-11days on market $129,900 Active 117 DOM
-
2026-09-05days on market $129,900 Active 111 DOM
-
2026-09-04days on market $129,900 Active 110 DOM
-
2026-09-03days on market $129,900 Active 109 DOM
-
2026-08-31pricedays on market $129,900 Active 106 DOM
-
2026-08-28days on market $139,900 Active 103 DOM
-
2026-08-26days on market $139,900 Active 101 DOM
-
2026-08-25days on market $139,900 Active 100 DOM
-
2026-08-24days on market $139,900 Active 99 DOM
-
2026-08-23days on market $139,900 Active 98 DOM
-
2026-08-22days on market $139,900 Active 97 DOM
-
2026-08-21days on market $139,900 Active 96 DOM
-
2026-08-20days on market $139,900 Active 95 DOM
-
2026-08-19days on market $139,900 Active 94 DOM
-
2026-08-18days on market $139,900 Active 93 DOM
-
2026-08-16days on market $139,900 Active 91 DOM
-
2026-08-15days on market $139,900 Active 90 DOM
-
2026-08-13days on market $139,900 Active 88 DOM
-
2026-08-12days on market $139,900 Active 87 DOM
-
2026-08-11days on market $139,900 Active 86 DOM
-
2026-08-10days on market $139,900 Active 85 DOM
-
2026-08-09days on market $139,900 Active 84 DOM
-
2026-08-08days on market $139,900 Active 83 DOM
-
2026-08-07days on market $139,900 Active 82 DOM
-
2026-08-06days on market $139,900 Active 81 DOM
-
2026-08-05days on market $139,900 Active 80 DOM
-
2026-08-04days on market $139,900 Active 79 DOM
-
2026-08-03days on market $139,900 Active 78 DOM
-
2026-07-31days on market $139,900 Active 75 DOM
-
2026-07-30days on market $139,900 Active 73 DOM
-
2026-07-28days on market $139,900 Active 72 DOM
-
2026-07-26pricedays on market $139,900 Active 70 DOM
-
2026-07-24days on market $149,900 Active 68 DOM
-
2026-07-23days on market $149,900 Active 67 DOM
-
2026-07-22days on market $149,900 Active 66 DOM
-
2026-07-21days on market $149,900 Active 65 DOM
-
2026-07-18days on market $149,900 Active 62 DOM
-
2026-07-18days on market $149,900 Active 61 DOM
-
2026-07-16days on market $149,900 Active 60 DOM
-
2026-07-15days on market $149,900 Active 59 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 7/10 Severe FEMA zone AE · 76% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥107°F today · 30 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $25,002
- − Mortgage interest
- −$7,276
- − Property taxes
- −$1,948
- − Insurance
- −$5,768
- − Repairs & maintenance
- −$2,000
- − Management
- −$2,000
- − HOA
- −$9,000
- − Depreciation
- −$3,779
- Taxable loss
- −$6,771
- Est. tax savings @ 24.0%
- +$1,625
- After-tax cash flow
- $-3,515/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 · 12 photos
This move-in ready condo is in good condition with a good curb appeal and modern finishes. It offers a great opportunity for a buyer or investor looking for a river view property.
Value-add opportunities
- Resale Paint exterior — Fresh paint can enhance curb appeal and property value ↑
- Rental Deep clean carpets — Clean carpets can attract renters and reduce maintenance costs ↑
ⓘ 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
- 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
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- North Fort Myers, FL
- County
- Lee County · 871,946 people
- City population
- 57,035
- Metro
- Cape Coral-Fort Myers, FL
- Population (ZIP)
- 23,655
- Household income
- $56,993
- Rent vs Own
- Severe rent burden
- 5% of renters
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 |
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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
-25.0% since first listed5 events — show timeline
- 2026-06-22 Price Changed $149,900 FORTMLS
- 2026-05-15 Listed $154,900 FORTMLS
- 2025-07-02 Listing Removed — FORTMLS
- 2025-04-15 Price Changed $169,900 FORTMLS
- 2024-11-12 Listed $199,900 FORTMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…