3706 NW 1st Ter · Cape Coral, FL 33993

$367,000

3 bd · 2.0 ba · 1,501 sqft · SingleFamily public records · 82 Days on market

Built 1989 10,019 sqft lot Est $345k · 6% over

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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 +18.8/30.0
• DSCR +5.9/10.0
• ARV discount +4.7/15.0
• 1% rule +4.6/10.0
• Schools +4.1/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +1.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this adorable 3 bedroom, 2 bathroom, pool home conveniently located in the Burnt Store Road area near the newly approved Seven Lakes Project in NW Cape Coral. Seller has an ASSUMABLE FLOOD POLICY currently at the rate of $1692/annually. This split bedroom floor plan offers privacy as well as a moderately open concept with designated dining room, living room and bonus area that can utilized for a reading nook or bar area. The home offers vaulted ceilings, updated kitchen with solid wood cabinets, granite countertops and stainless steel appliances. The completely screened in lanai area is perfect for overflow gatherings as well as a completely fenced in backyard with a newer inground pool installed in 2021. The roof is 2020 giving you peace of mind of not having a replacement needed anytime soon and withstood all major storms in the past 4 years without damage. Home is conveniently placed amongst multi-million dollar, Gulf Access, homes giving you that luxurious Florida lifestyle without the huge price tag of owning a home. Extra bonus, all assessments are in and PAID IN FULL. This would be the perfect starter home, investment property, or second home for that new to the area buyer. Call us today for your private tour, you won't be sorry you did!

Key facts

• Solid wood cabinets
• Updated kitchen
• Granite countertops

Tags

• SPLIT BEDROOM FLOOR PLAN
• UPDATED KITCHEN
• SOLID WOOD CABINETS
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• SCREENED IN LANAI

Property features AI

Finance

• Other: Private heated, in-ground pool; Lot approximately 0.23 acres (80 x 125); Building area and living area reported from public records
• Financial info: No lease restrictions indicated; Homestead exemption indicated
• HOA & community: No association indicated; Pets allowed

Exterior

• Parking: Driveway; Attached garage with garage door opener; 2-car garage
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Single-family residence; Residential property; One-story; North-facing; Completed/ready condition
• Construction: Frame construction; Shingle roof; Concrete perimeter foundation; Built on one level
• Exterior features: Enclosed patio; Front porch; Rear porch; Screened porch; Hurricane shutters; Private mailbox; Chain link fence; Landscaped with trees; Paved and public-maintained road access; Located in a flood zone (flood insurance required)

Interior

• Kitchen: Cooktop; Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; High ceilings; Dining area; Living/dining room combo; Solid wood cabinets; Thermostat; Vaulted ceilings; Walk-in closets; Window treatments; Blinds; Shutters
• Laundry & utility: Washer hookup; Dryer hookup; Laundry area in garage; Washer and dryer listed among appliances

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $367k.

Deal economics

• At list price, monthly cash flow is $-54 ($-647/yr) — negative.
• To cash-flow at today's rent, offer at most $357k (2.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $351k (4.4% below list).
• Recommended offer: $345k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 3.1% in Cape Coral — 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 77/100 on livability (#208 in FL, #3,098 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, amenities B+; Watch: 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.
• Market conditions: Rents falling (-5.5%/yr); 2652 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
• At $3,510/mo this rent would consume 47% of the median local household income ($91k/yr) (locally 286% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k 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 82 days — a 6% lower offer ($345k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

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→31/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $344,980 (6.0% 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 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-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?
7. 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?
8. 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.
9. 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.
10. 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: 0.96% ✗
• Cap rate: 7.51%
• Cash-on-cash: 4.35%
• DSCR: 1.19
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $345,230
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
509 NW 36th Ave	0.54mi	3/2.0	1,463 (-2%)	1mo	$255,000	$174	70
3805 SW 1st Ter	0.28mi	3/2.0	1,694 (+13%)	1mo	$376,000	$222	64
3323 NW 1st Ter	0.38mi	3/2.0	1,402 (-7%)	13mo	$335,000	$239	60
422 NW 37th Ave	0.46mi	3/2.0	1,718 (+14%)	15mo	$395,000	$230	42

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

5-year hold

• IRR: -21.1%
• Equity multiple: 0.29×
• Total profit: $-72,960
• Equity at exit: $54,721

10-year hold

• IRR: -25.0%
• Equity multiple: -0.04×
• Total profit: $-106,767
• Equity at exit: $31,731

Cash invested: $102,760 (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 33993

• Home prices YoY: -14.1%
• Rents YoY: -5.5%
• Active inventory: 2652
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $3,510 high
• Mortgage (P&I): −$1,925
• Tax from tax record: −$323 /mo · $3,872/yr
• Insurance: −$153
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$737
• Net cashflow: $-54

Break-even live

Break-even rent $3,578

Max offer price $357,470

Occupancy floor 97%

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: $91,750
• Closing costs: $11,010
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
121 NW 38th Ave Cape Coral, FL	3.0	3.0	1957	$3,995	$2.04	16d	1	0.15mi
3804 Embers Pkwy W Cape Coral, FL	3.0	3.0	1906	$4,500	$2.36	23d	1	0.20mi
217 NW 36th Ave Cape Coral, FL	3.0	2.0	1885	$4,000	$2.12	14d	1	0.23mi
141 SW 37th Pl Cape Coral, FL	3.0	2.0	2201	$3,200	$1.45	3d	1	0.33mi
426 NW 37th Pl Cape Coral, FL	3.0	2.0	1739	$5,250	$3.02	23d	1	0.50mi
421 NW 36th Ave Cape Coral, FL	4.0	2.0	2230	$1,900	$0.85	2d	1	0.51mi
3322 NW 5th Ter Cape Coral, FL	3.0	2.0	1666	$5,000	$3.00	23d	1	0.66mi
3527 SW 4th Ln Cape Coral, FL	4.0	3.0	2010	$3,700	$1.84	23d	1	0.70mi
222 NW 28th Ct Cape Coral, FL	3.0	2.0	1116	$1,526	$1.37	10d	1	0.91mi
2835 NW Embers Ter Cape Coral, FL	3.0	2.0	1667	$2,250	$1.35	14d	1	1.00mi
2837 NW 3rd St Cape Coral, FL	3.0	3.0	1700	$3,500	$2.06	23d	1	1.02mi
2837 NW 3rd St Cape Coral, FL	3.0	3.0	1700	$3,500	$2.06	21d	1	1.02mi
2716 NW Embers Ter Cape Coral, FL	4.0	3.0	1765	$3,000	$1.70	23d	1	1.17mi
2725 SW Embers Ter Cape Coral, FL	3.0	2.0	1970	$2,100	$1.07	3d	1	1.17mi
2637 NW 1st St Cape Coral, FL	3.0	2.0	1968	$2,475	$1.26	23d	1	1.26mi
606 SW 29th Ave Cape Coral, FL	3.0	1.0–2.0	995	$2,126	$2.14	2d	56	1.30mi
2710 NW 5th Ter Cape Coral, FL	4.0	2.0	1830	$1,925	$1.05	16d	1	1.35mi
1049 NW 38th Pl Cape Coral, FL	3.0	2.0	2009	$4,570	$2.27	23d	1	1.41mi
231 NW 26th Ave Cape Coral, FL	3.0	2.0	1479	$2,300	$1.56	23d	1	1.43mi
128 NW 25th Pl Cape Coral, FL	3.0	2.0	1409	$2,850	$2.02	23d	1	1.44mi
2507 Embers Pkwy W Cape Coral, FL	3.0	2.0	1777	$2,450	$1.38	23d	1	1.48mi

Listing history 39 events

1. 2026-06-17
   days on market $367,000 Active 82 DOM
2. 2026-06-16
   days on market $367,000 Active 81 DOM
3. 2026-06-15
   days on market $367,000 Active 80 DOM
4. 2026-06-13
   days on market $367,000 Active 78 DOM
5. 2026-06-10
   days on market $367,000 Active 75 DOM
6. 2026-06-09
   days on market $367,000 Active 74 DOM
7. 2026-06-07
   days on market $367,000 Active 72 DOM
8. 2026-06-03
   days on market $367,000 Active 68 DOM
9. 2026-06-02
   days on market $367,000 Active 67 DOM
10. 2026-06-01
    days on market $367,000 Active 66 DOM
11. 2026-06-01
    pricedays on market $367,000 Active 65 DOM
12. 2026-03-27
    listed $374,000 Active 1276-char remark

    Show marketing remark (1276 chars)

    Welcome to this adorable 3 bedroom, 2 bathroom, pool home conveniently located in the Burnt Store Road area near the newly approved Seven Lakes Project in NW Cape Coral. Seller has an ASSUMABLE FLOOD POLICY currently at the rate of $1692/annually. This split bedroom floor plan offers privacy as well as a moderately open concept with designated dining room, living room and bonus area that can utilized for a reading nook or bar area. The home offers vaulted ceilings, updated kitchen with solid wood cabinets, granite countertops and stainless steel appliances. The completely screened in lanai area is perfect for overflow gatherings as well as a completely fenced in backyard with a newer inground pool installed in 2021. The roof is 2020 giving you peace of mind of not having a replacement needed anytime soon and withstood all major storms in the past 4 years without damage. Home is conveniently placed amongst multi-million dollar, Gulf Access, homes giving you that luxurious Florida lifestyle without the huge price tag of owning a home. Extra bonus, all assessments are in and PAID IN FULL. This would be the perfect starter home, investment property, or second home for that new to the area buyer. Call us today for your private tour, you won't be sorry you did!

13. 2026-03-27
    listed $374,000 Active

    Show marketing remark (1276 chars)

    Welcome to this adorable 3 bedroom, 2 bathroom, pool home conveniently located in the Burnt Store Road area near the newly approved Seven Lakes Project in NW Cape Coral. Seller has an ASSUMABLE FLOOD POLICY currently at the rate of $1692/annually. This split bedroom floor plan offers privacy as well as a moderately open concept with designated dining room, living room and bonus area that can utilized for a reading nook or bar area. The home offers vaulted ceilings, updated kitchen with solid wood cabinets, granite countertops and stainless steel appliances. The completely screened in lanai area is perfect for overflow gatherings as well as a completely fenced in backyard with a newer inground pool installed in 2021. The roof is 2020 giving you peace of mind of not having a replacement needed anytime soon and withstood all major storms in the past 4 years without damage. Home is conveniently placed amongst multi-million dollar, Gulf Access, homes giving you that luxurious Florida lifestyle without the huge price tag of owning a home. Extra bonus, all assessments are in and PAID IN FULL. This would be the perfect starter home, investment property, or second home for that new to the area buyer. Call us today for your private tour, you won't be sorry you did!

14. 2023-12-06
    soldstatus $360,000
15. 2023-12-04
    soldstatus $360,000 Closed 1228-char remark

    Show marketing remark (1228 chars)

    * SIGNIFICANT PRICE DROP -MOTIVATED SELLER -Need Credit Towards Rate BuyDown? MAKE AN OFFER! * * LOCATION! LOCATION! LOCATION! I cannot say enough about the location of this adorable POOL home in the highly-desired Burnt Store area of Cape Coral, where the planned Seven Islands project will soon add to the allure! Snuggled amongst million-dollar, Gulf Access homes, this gem is perfect for someone who wants to be surrounded by luxury but doesn’t want that hefty price tag! This 1500+sf home boasts an open floorplan with vaulted ceiling, upgraded kitchen, including solid wood cabinets, granite countertops, & stainless-steel appliances. The 2020 roof withstood Ian with ease & no flooding! The split bedroom layout, tile throughout, vaulted ceilings, huge screened-in lanai, fully fenced backyard, and the all-important in-ground POOL installed in 2021, round out the reasons you should check out this amazing home! Also, ASSESSMENTS ARE IN AND PAID, and you are mere minutes away from multiple parks, golf courses, beaches, restaurants, shopping, and airports! Don’t pass up your chance to own a personal slice of SW Florida with this affordable pool home today! Brand new sod laid in the backyard!

16. 2023-10-23
    status Pending 1228-char remark

    Show marketing remark (1228 chars)

    * SIGNIFICANT PRICE DROP -MOTIVATED SELLER -Need Credit Towards Rate BuyDown? MAKE AN OFFER! * * LOCATION! LOCATION! LOCATION! I cannot say enough about the location of this adorable POOL home in the highly-desired Burnt Store area of Cape Coral, where the planned Seven Islands project will soon add to the allure! Snuggled amongst million-dollar, Gulf Access homes, this gem is perfect for someone who wants to be surrounded by luxury but doesn’t want that hefty price tag! This 1500+sf home boasts an open floorplan with vaulted ceiling, upgraded kitchen, including solid wood cabinets, granite countertops, & stainless-steel appliances. The 2020 roof withstood Ian with ease & no flooding! The split bedroom layout, tile throughout, vaulted ceilings, huge screened-in lanai, fully fenced backyard, and the all-important in-ground POOL installed in 2021, round out the reasons you should check out this amazing home! Also, ASSESSMENTS ARE IN AND PAID, and you are mere minutes away from multiple parks, golf courses, beaches, restaurants, shopping, and airports! Don’t pass up your chance to own a personal slice of SW Florida with this affordable pool home today! Brand new sod laid in the backyard!

17. 2023-10-16
    price $385,000 1228-char remark

    Show marketing remark (1228 chars)

    * SIGNIFICANT PRICE DROP -MOTIVATED SELLER -Need Credit Towards Rate BuyDown? MAKE AN OFFER! * * LOCATION! LOCATION! LOCATION! I cannot say enough about the location of this adorable POOL home in the highly-desired Burnt Store area of Cape Coral, where the planned Seven Islands project will soon add to the allure! Snuggled amongst million-dollar, Gulf Access homes, this gem is perfect for someone who wants to be surrounded by luxury but doesn’t want that hefty price tag! This 1500+sf home boasts an open floorplan with vaulted ceiling, upgraded kitchen, including solid wood cabinets, granite countertops, & stainless-steel appliances. The 2020 roof withstood Ian with ease & no flooding! The split bedroom layout, tile throughout, vaulted ceilings, huge screened-in lanai, fully fenced backyard, and the all-important in-ground POOL installed in 2021, round out the reasons you should check out this amazing home! Also, ASSESSMENTS ARE IN AND PAID, and you are mere minutes away from multiple parks, golf courses, beaches, restaurants, shopping, and airports! Don’t pass up your chance to own a personal slice of SW Florida with this affordable pool home today! Brand new sod laid in the backyard!

18. 2023-10-03
    price $389,990 1228-char remark

    Show marketing remark (1228 chars)

    * SIGNIFICANT PRICE DROP -MOTIVATED SELLER -Need Credit Towards Rate BuyDown? MAKE AN OFFER! * * LOCATION! LOCATION! LOCATION! I cannot say enough about the location of this adorable POOL home in the highly-desired Burnt Store area of Cape Coral, where the planned Seven Islands project will soon add to the allure! Snuggled amongst million-dollar, Gulf Access homes, this gem is perfect for someone who wants to be surrounded by luxury but doesn’t want that hefty price tag! This 1500+sf home boasts an open floorplan with vaulted ceiling, upgraded kitchen, including solid wood cabinets, granite countertops, & stainless-steel appliances. The 2020 roof withstood Ian with ease & no flooding! The split bedroom layout, tile throughout, vaulted ceilings, huge screened-in lanai, fully fenced backyard, and the all-important in-ground POOL installed in 2021, round out the reasons you should check out this amazing home! Also, ASSESSMENTS ARE IN AND PAID, and you are mere minutes away from multiple parks, golf courses, beaches, restaurants, shopping, and airports! Don’t pass up your chance to own a personal slice of SW Florida with this affordable pool home today! Brand new sod laid in the backyard!

19. 2023-08-30
    price $399,990 1228-char remark

    Show marketing remark (1228 chars)

    * SIGNIFICANT PRICE DROP -MOTIVATED SELLER -Need Credit Towards Rate BuyDown? MAKE AN OFFER! * * LOCATION! LOCATION! LOCATION! I cannot say enough about the location of this adorable POOL home in the highly-desired Burnt Store area of Cape Coral, where the planned Seven Islands project will soon add to the allure! Snuggled amongst million-dollar, Gulf Access homes, this gem is perfect for someone who wants to be surrounded by luxury but doesn’t want that hefty price tag! This 1500+sf home boasts an open floorplan with vaulted ceiling, upgraded kitchen, including solid wood cabinets, granite countertops, & stainless-steel appliances. The 2020 roof withstood Ian with ease & no flooding! The split bedroom layout, tile throughout, vaulted ceilings, huge screened-in lanai, fully fenced backyard, and the all-important in-ground POOL installed in 2021, round out the reasons you should check out this amazing home! Also, ASSESSMENTS ARE IN AND PAID, and you are mere minutes away from multiple parks, golf courses, beaches, restaurants, shopping, and airports! Don’t pass up your chance to own a personal slice of SW Florida with this affordable pool home today! Brand new sod laid in the backyard!

20. 2023-08-27
    status Active 1228-char remark

    Show marketing remark (1228 chars)

    * SIGNIFICANT PRICE DROP -MOTIVATED SELLER -Need Credit Towards Rate BuyDown? MAKE AN OFFER! * * LOCATION! LOCATION! LOCATION! I cannot say enough about the location of this adorable POOL home in the highly-desired Burnt Store area of Cape Coral, where the planned Seven Islands project will soon add to the allure! Snuggled amongst million-dollar, Gulf Access homes, this gem is perfect for someone who wants to be surrounded by luxury but doesn’t want that hefty price tag! This 1500+sf home boasts an open floorplan with vaulted ceiling, upgraded kitchen, including solid wood cabinets, granite countertops, & stainless-steel appliances. The 2020 roof withstood Ian with ease & no flooding! The split bedroom layout, tile throughout, vaulted ceilings, huge screened-in lanai, fully fenced backyard, and the all-important in-ground POOL installed in 2021, round out the reasons you should check out this amazing home! Also, ASSESSMENTS ARE IN AND PAID, and you are mere minutes away from multiple parks, golf courses, beaches, restaurants, shopping, and airports! Don’t pass up your chance to own a personal slice of SW Florida with this affordable pool home today! Brand new sod laid in the backyard!

21. 2023-08-25
    status Pending 1228-char remark

    Show marketing remark (1228 chars)

    * SIGNIFICANT PRICE DROP -MOTIVATED SELLER -Need Credit Towards Rate BuyDown? MAKE AN OFFER! * * LOCATION! LOCATION! LOCATION! I cannot say enough about the location of this adorable POOL home in the highly-desired Burnt Store area of Cape Coral, where the planned Seven Islands project will soon add to the allure! Snuggled amongst million-dollar, Gulf Access homes, this gem is perfect for someone who wants to be surrounded by luxury but doesn’t want that hefty price tag! This 1500+sf home boasts an open floorplan with vaulted ceiling, upgraded kitchen, including solid wood cabinets, granite countertops, & stainless-steel appliances. The 2020 roof withstood Ian with ease & no flooding! The split bedroom layout, tile throughout, vaulted ceilings, huge screened-in lanai, fully fenced backyard, and the all-important in-ground POOL installed in 2021, round out the reasons you should check out this amazing home! Also, ASSESSMENTS ARE IN AND PAID, and you are mere minutes away from multiple parks, golf courses, beaches, restaurants, shopping, and airports! Don’t pass up your chance to own a personal slice of SW Florida with this affordable pool home today! Brand new sod laid in the backyard!

22. 2023-08-01
    listed $405,000 Active 1228-char remark

    Show marketing remark (1228 chars)

    * SIGNIFICANT PRICE DROP -MOTIVATED SELLER -Need Credit Towards Rate BuyDown? MAKE AN OFFER! * * LOCATION! LOCATION! LOCATION! I cannot say enough about the location of this adorable POOL home in the highly-desired Burnt Store area of Cape Coral, where the planned Seven Islands project will soon add to the allure! Snuggled amongst million-dollar, Gulf Access homes, this gem is perfect for someone who wants to be surrounded by luxury but doesn’t want that hefty price tag! This 1500+sf home boasts an open floorplan with vaulted ceiling, upgraded kitchen, including solid wood cabinets, granite countertops, & stainless-steel appliances. The 2020 roof withstood Ian with ease & no flooding! The split bedroom layout, tile throughout, vaulted ceilings, huge screened-in lanai, fully fenced backyard, and the all-important in-ground POOL installed in 2021, round out the reasons you should check out this amazing home! Also, ASSESSMENTS ARE IN AND PAID, and you are mere minutes away from multiple parks, golf courses, beaches, restaurants, shopping, and airports! Don’t pass up your chance to own a personal slice of SW Florida with this affordable pool home today! Brand new sod laid in the backyard!

23. 2023-05-30
    soldstatus $395,000
24. 2023-05-26
    soldstatus $395,000 Closed
25. 2023-04-26
    status Pending
26. 2023-04-19
    listed $399,900 Active
27. 2020-08-27
    soldstatus $199,900
28. 2020-08-25
    soldstatus $199,900 Closed
29. 2020-08-15
    status Pending
30. 2020-08-12
    price $199,900
31. 2020-08-04
    price $202,500
32. 2020-07-25
    status Active
33. 2020-06-12
    status Pending
34. 2020-06-12
    price $205,000
35. 2020-06-07
    listed $199,900 Active
36. 2020-03-16
    soldstatus $119,900
37. 2014-06-26
    soldstatus $80,000
38. 2011-04-29
    soldstatus $45,000
39. 2011-04-25
    price $55,900

ⓘ 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: $3,872 · $323/mo
• Projected year-2 tax: $3,872 · $323/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 31 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $42,118
• − Mortgage interest: −$20,558
• − Property taxes: −$3,872
• − Insurance: −$6,954
• − Repairs & maintenance: −$3,369
• − Management: −$3,369
• − Depreciation: −$10,676
• Taxable loss: −$6,680
• Est. tax savings @ 24.0%: +$1,603
• After-tax cash flow: $956/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 — Cape Coral

• Score: 77/100
• State rank: #208
• US rank: #3098

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cape Coral, FL
• County: Lee County · 788,662 people
• City population: 217,388
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 35,580
• Household income: $90,577
• Rent vs Own: 12.6% rent · 87.4% own
• Severe rent burden: 286.0

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 0.58)
• Race & ethnicity: White 57% Hispanic / Latino 30% Two or more races 21% Black 7% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 17% Dominican 1%
• Common ancestry: Romanian 2% Hispanic 2% Lithuanian 2%
• Foreign-born: 21% · Canada, Jamaica, China
• Languages at home: 73% English-only · Spanish 24% French/Haitian/Cajun 1% Russian/Polish/Slavic 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: ▼ -55.34%
• Current HPI: 337.0575
• Rent YoY: ▼ -5.51%
• 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

+569.1% since first listed

28 events — show timeline

• 2026-03-27 Listed $374,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Listed $374,000 FORTMLS
• 2023-12-06 Sold (Public Records) $360,000 Public Records
• 2023-12-04 Sold (MLS) $360,000 FORTMLS
• 2023-10-23 Pending — FORTMLS
• 2023-10-16 Price Changed $385,000 FORTMLS
• 2023-10-03 Price Changed $389,990 FORTMLS
• 2023-08-30 Price Changed $399,990 FORTMLS
• 2023-08-27 Relisted — FORTMLS
• 2023-08-25 Pending — FORTMLS
• 2023-08-01 Listed $405,000 FORTMLS
• 2023-05-30 Sold (Public Records) $395,000 Public Records
• 2023-05-26 Sold (MLS) $395,000 FORTMLS
• 2023-04-26 Pending — FORTMLS
• 2023-04-19 Listed $399,900 FORTMLS
• 2020-08-27 Sold (Public Records) $199,900 Public Records
• 2020-08-25 Sold (MLS) $199,900 FORTMLS
• 2020-08-15 Pending — FORTMLS
• 2020-08-12 Price Changed $199,900 FORTMLS
• 2020-08-04 Price Changed $202,500 FORTMLS
• 2020-07-25 Relisted — FORTMLS
• 2020-06-12 Pending — FORTMLS
• 2020-06-12 Price Changed $205,000 FORTMLS
• 2020-06-07 Listed $199,900 FORTMLS
• 2020-03-16 Sold (Public Records) $119,900 Public Records
• 2014-06-26 Sold (Public Records) $80,000 Public Records
• 2011-04-29 Sold (MLS) $45,000 FORTMLS
• 2011-04-25 Price Changed $55,900 FORTMLS

Property tax history

+5.6%/yr

Latest (2025): $3,872 · -21.2% YoY. Source: county tax records.