9820 Citadel Ln · Bonita Springs, FL
Flood risk 4/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.13%
- Est. flood insurance / yr
- $507 – $1,088
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
- 31 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 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 +11.7/15.0
- Cash flow +7.3/30.0
- Schools +5.0/10.0
- 1% rule +4.4/10.0
- Condition / age +3.8/5.0
- Livability +3.5/5.0
- Rent growth +2.3/5.0
- DSCR +1.5/10.0
- Appreciation +0.0/10.0
$259,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
REDUCED!! BONITA SPRINGS CONDOMINIUM AVAILABLE. FANTASTIC UPSTAIRS CORNER UNIT IN CITADEL WITH 3 BEDROOMS, 2 BATHROOMS AND DETACHED CARPORT. EASY ACCESS TO BONITA BEACH, RESTAURANTS, SHOPPING AND THE AIRPORT. THIS IS A FANNIE MAE HOMEPATH PROPERTY. PROPERTY IS APPROVED FOR HOMEPATH RENOVATION FINANCING.
Key facts
- First floor access
- $469 HOA
- Garage
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath townhouse listed at $259k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-340 ($-4k/yr) — negative.
- To cash-flow at today's rent, offer at most $210k (19.0% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $243k (6.2% below list).
- Recommended offer: $210k (19.0% below list) — sets the bar for cash-flow.
- Cap rate 4.7% vs local median 2.2% in Bonita Springs — 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 70/100 on livability (#428 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A; Watch: cost of living C-, health & safety D, amenities 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: Pinewoods Elementary School (math 81% / reading 74%, grade A, #163 of 2,144 statewide, top 8%, 1,089 students, 25% 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) — zoned schools average 39% FRL vs 57% district-wide (18 pts lower); this property's tenant base skews higher-income than the district average.
- Market conditions: Rents soft (-0.6%/yr); 1074 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 115d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% 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).
- This rent runs 32% of the median local income ($91k/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 $2k of loan paydown is wiped out by about $8k 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 120 days — a 9% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts since 13y ago; this cycle's ask has dropped $36k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $104k; list at $259k implies a 150% 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→31/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 120 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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.
- 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?
- 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 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
- 0.94% ✗
- Cap rate
- 4.72%
- Cash-on-cash
- -5.62%
- DSCR
- 0.75
- GRM
- 8.9
CMA / ARV
- ARV (median comp)
- $285,739
- List price
- $259,000
- Delta
- -9.36%
- Verdict
- FAIR
- Comps
- 14 within 1.0 mi
Show comp detail 9 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 9820 Citadel Ln #106 | 0.00mi | 3/2.0 (+1) | 1,151 (+13%) | 1mo | $297,000 | $258 | 73 |
| 9895 Citadel Ln #203 | 0.09mi | 2/2.0 | 1,184 (+16%) | 16mo | $237,500 | $201 | 58 |
| 10725 Wilson St #2 | 1.12mi | 2/2.0 | 1,008 (-1%) | 8mo | $155,000 | $154 | 57 |
| 10725 Wilson St #11 | 1.12mi | 2/2.0 | 1,008 (-1%) | 15mo | $110,000 | $109 | 50 |
| 9395 Pennsylvania Ave #30 | 0.61mi | 2/2.0 | 1,141 (+12%) | 14mo | $240,000 | $210 | 40 |
| 28161 Pine Haven Way #132 | 1.10mi | 2/2.0 | 884 (-13%) | 7mo | $200,000 | $226 | 37 |
| 9700 Rosewood Pointe Ct #101 | 0.99mi | 2/2.0 | 1,160 (+14%) | 15mo | $257,000 | $222 | 30 |
| 28131 Pine Haven Way #115 | 1.09mi | 2/2.0 | 884 (-13%) | 18mo | $234,900 | $266 | 28 |
| 9620 Rosewood Pointe Ter #203 | 1.08mi | 2/2.0 | 1,136 (+11%) | 23mo | $349,000 | $307 | 27 |
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
- -30.3%
- Equity multiple
- 0.03×
- Total profit
- $-70,389
- Equity at exit
- $38,618
- IRR
- -59.9%
- Equity multiple
- -0.59×
- Total profit
- $-115,335
- Equity at exit
- $22,394
Cash invested: $72,520 (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
- 7 active · 4 under contract
- Months of supply
- 42.0 mo (2%/mo absorbed)
- Median asking
- $279,999 ($245/sqft)
- Median days on market
- 126 d
- This list price
- 29% of active listings are priced below it
- ARV vs active asking
- +14.2% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 34135
- Rents YoY
- -0.6%
- Active inventory
- 1074
- Price-to-rent
- 8.9×
Monthly cashflow live
- Estimated rent
- $2,430 high interval (Pro) →
- Mortgage (P&I)
- −$1,358
- Tax est. 1.5%
- −$324 /mo · $3,885/yr
- Insurance
- −$108
- HOA
- −$469
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$510
- Net cashflow
- $-340
Break-even live
Sensitivity live
| Price | -10% $-161 | -5% $-250 | +0% $-340 | +5% $-429 | +10% $-519 |
|---|---|---|---|---|---|
| Rent | -10% $-531 | -5% $-435 | +0% $-340 | +5% $-244 | +10% $-148 |
| Rate | -1.0pp $-209 | -0.5pp $-274 | base $-340 | +0.5pp $-407 | +1.0pp $-475 |
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
- $64,750
- Closing costs
- $7,770
- 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 |
|---|---|---|---|---|---|---|---|---|
| 9820 Citadel Ln Bonita Springs, FL | 2.0 | 2.0 | 1020 | $1,575 | $1.54 | 9d | 1 | 0.02mi |
| 9871 Citadel Ln #208 Bonita Springs, FL | 2.0 | 2.0 | 1151 | $3,000 | $2.61 | 119d | 1 | 0.07mi |
| 9871 Citadel Ln #208 Bonita Springs, FL | 2.0 | 2.0 | 1151 | $3,000 | $2.61 | 9d | 1 | 0.07mi |
| 27841 Wisconsin St Bonita Springs, FL | 3.0 | 2.0 | 1164 | $3,500 | $3.01 | 119d | 1 | 0.10mi |
| 9861 Alabama St #3 Bonita Springs, FL | 2.0 | 2.0 | 866 | $2,100 | $2.42 | 115d | 1 | 0.11mi |
| 9861 Alabama St #3 Bonita Springs, FL | 2.0 | 2.0 | 866 | $2,100 | $2.42 | 119d | 1 | 0.11mi |
| 9834 Kentucky St Bonita Springs, FL | 3.0 | 2.0 | 1332 | $3,450 | $2.59 | 119d | 1 | 0.23mi |
| 27911 Hacienda East Blvd Unit 217B Bonita Springs, FL | 2.0 | 2.0 | 1500 | $2,100 | $1.40 | 99d | 1 | 0.24mi |
| 10004 Connecticut St Bonita Springs, FL | 3.0 | 2.0 | 1420 | $3,100 | $2.18 | 119d | 1 | 0.35mi |
| 28151 Dovewood Ct Bonita Springs, FL | 2.0–3.0 | 2.0 | 1474 | $1,930 | $1.31 | 0d | 9 | 0.36mi |
| 10280 Carolina St Unit 1 Bonita Springs, FL | 2.0 | 1.5 | 1040 | $2,200 | $2.12 | 115d | 1 | 0.49mi |
| 10282 Carolina St Unit 1 Bonita Springs, FL | 2.0 | 1.5 | 1040 | $2,300 | $2.21 | 9d | 1 | 0.49mi |
| 27710 Tennessee St Bonita Springs, FL | 1.0 | 1.5 | 1040 | $1,900 | $1.83 | 7d | 1 | 0.54mi |
| 28105 Mandolin Ct #213 Bonita Springs, FL | 3.0 | 2.0 | 1500 | $2,600 | $1.73 | 119d | 1 | 0.54mi |
| 27715 Tennessee St Unit b Bonita Springs, FL | 2.0 | 1.0 | 885 | $1,750 | $1.98 | 119d | 1 | 0.54mi |
| 27501 Playa del Rey Ln #503 Bonita Springs, FL | 2.0 | 1.0 | 1120 | $1,775 | $1.58 | 0d | 1 | 0.61mi |
| 27501 Playa del Rey Ln #503 Bonita Springs, FL | 2.0 | 1.0 | 1120 | $1,695 | $1.51 | 0d | 1 | 0.61mi |
| 9060 Palmas Grandes Blvd #101 Bonita Springs, FL | 2.0 | 2.0 | 1190 | $5,500 | $4.62 | 87d | 1 | 0.68mi |
| 9050 Palmas Grandes Blvd #101 Bonita Springs, FL | 2.0 | 2.0 | 1200 | $2,000 | $1.67 | 119d | 1 | 0.72mi |
| 9204 Pennsylvania Ave Bonita Springs, FL | 2.0 | 1.0 | 900 | $1,895 | $2.11 | 119d | 1 | 0.73mi |
| 28052 Palmas Grandes Ln #101 Bonita Springs, FL | 2.0 | 2.0 | 1500 | $7,200 | $4.80 | 119d | 1 | 0.73mi |
| 27600 S View Dr #159 Bonita Springs, FL | 2.0 | 2.0 | 1090 | $1,900 | $1.74 | 119d | 1 | 0.76mi |
| 27600 S View Dr #153 Bonita Springs, FL | 2.0 | 2.0 | 1090 | $1,900 | $1.74 | 9d | 1 | 0.76mi |
| 27671 Arroyal Rd #108 Bonita Springs, FL | 2.0 | 1.0 | 1090 | $1,900 | $1.74 | 119d | 1 | 0.80mi |
| 27601 Arroyal Rd #126 Bonita Springs, FL | 2.0 | 2.0 | 1090 | $1,900 | $1.74 | 119d | 1 | 0.80mi |
| 9002 Somerset Ln Unit 9002 Bonita Springs, FL | 2.0 | 2.0 | 1200 | $2,400 | $2.00 | 82d | 1 | 0.80mi |
| 9071 Las Maderas Dr #101 Bonita Springs, FL | 2.0 | 2.0 | 1364 | $2,700 | $1.98 | 87d | 1 | 0.81mi |
| 9851 Costa Mesa Ln Unit 1546344P Bonita Springs, FL | 2.0 | 2.0 | 1194 | $1,935 | $1.62 | 111d | 1 | 0.81mi |
| 10575 Crockett St Unit 303 Bonita Springs, FL | 2.0 | 2.0 | 1000 | $2,400 | $2.40 | 119d | 1 | 0.82mi |
| 10575 Crockett St Unit 406 Bonita Springs, FL | 2.0 | 2.0 | 900 | $2,450 | $2.72 | 99d | 1 | 0.82mi |
| 9050 Las Maderas Dr #101 Bonita Springs, FL | 2.0 | 2.0 | 1364 | $2,100 | $1.54 | 119d | 1 | 0.84mi |
| 9030 Las Maderas Dr #101 Bonita Springs, FL | 2.0 | 2.0 | 1432 | $2,500 | $1.75 | 119d | 1 | 0.85mi |
| 9855 Costa Mesa Ln #403 Bonita Springs, FL | 2.0 | 2.0 | 1146 | $1,600 | $1.40 | 119d | 1 | 0.85mi |
| 27304 Buccaneer Dr Bonita Springs, FL | 3.0 | 1.0 | 1216 | $2,695 | $2.22 | 99d | 1 | 0.87mi |
| 10651 Hampton St Bonita Springs, FL | 3.0 | 2.0 | 1325 | $3,150 | $2.38 | 87d | 1 | 0.88mi |
| 27665 Horne Ave Unit F Bonita Springs, FL | 2.0 | 1.0 | 784 | $2,200 | $2.81 | 82d | 1 | 1.02mi |
| 27250 Shriver Ave Unit 1073506P Bonita Springs, FL | 4.0 | 1.0–3.0 | 661 | $4,572 | $6.91 | 0d | 3 | 1.07mi |
| 28121 Pine Haven Way #110 Bonita Springs, FL | 2.0 | 2.0 | 884 | $2,100 | $2.38 | 119d | 1 | 1.10mi |
| 28121 Pine Haven Way #109 Bonita Springs, FL | 2.0 | 2.0 | 1040 | $1,795 | $1.73 | 119d | 1 | 1.10mi |
| 28161 Pine Haven Way #131 Bonita Springs, FL | 2.0 | 2.0 | 884 | $1,700 | $1.92 | 0d | 1 | 1.11mi |
Property features AI
Finance
- Other
- One unit per floor; building has 16 units and complex has 66 units; building has 2 floorsPossession at closingRestrictions include deeded rules with limits on number of vehicles, no commercial use, and no motorcycles
- HOA & community
- Mandatory HOA (professional management)Community poolCommunity roomQuarterly master HOA feeHOA maintenance covers insurance, lawn/land maintenance, management, exterior pest control, reserves, street lights, and trash removalTotal annual recurring HOA fees listed
Exterior
- Parking
- Detached carport (1 space)
- Security
- Gated community
- Utilities
- Central waterCentral sewerCable available
- Home design
- Residential garden apartment in a low-rise (1-3) buildingBuilt in 1986Concrete block constructionRear exposure to the westLocated in the Citadel / Citadel West development
- Construction
- Concrete block constructionTile roofStucco finishGarden apartment
- Exterior features
- DeckImpact resistant doorsImpact resistant windowsSingle hung windowsStucco exteriorLandscaped area viewCentral irrigationRegular lot
Interior
- Kitchen
- RangeMicrowaveRefrigerator/FreezerDishwasher
- Bedrooms
- 2 bedrooms
- Flooring
- CarpetTile
- Bathrooms
- 2 full bathroomsMaster bathroom with shower (no tub)
- Heating & cooling
- Central electric heatCentral electric air conditioningCeiling fans
- Interior features
- Built-in cabinetsCable prewireLaundry tubPantrySmoke detectorsWalk-in closetWindow coveringsDining areas in family and living roomsSplit bedroom floor planFurnished
- Laundry & utility
- WasherDryerLaundry in residence
Listing history 36 events
-
2026-07-14days on market $259,000 Active 120 DOM
-
2026-07-13days on market $259,000 Active 119 DOM
-
2026-07-13days on market $259,000 Active 118 DOM
-
2026-07-12days on market $259,000 Active 117 DOM
-
2026-07-10days on market $259,000 Active 116 DOM
-
2026-07-09days on market $259,000 Active 115 DOM
-
2026-07-07days on market $259,000 Active 113 DOM
-
2026-07-06days on market $259,000 Active 112 DOM
-
2026-07-05days on market $259,000 Active 111 DOM
-
2026-07-02days on market $259,000 Active 108 DOM
-
2026-07-01days on market $259,000 Active 107 DOM
-
2026-06-30days on market $259,000 Active 106 DOM
-
2026-06-29days on market $259,000 Active 105 DOM
-
2026-06-28days on market $259,000 Active 104 DOM
-
2026-06-25days on market $259,000 Active 100 DOM
-
2026-06-22days on market $259,000 Active 98 DOM
-
2026-06-22days on market $259,000 Active 97 DOM
-
2026-06-17days on market $259,000 Active 93 DOM
-
2026-06-16days on market $259,000 Active 92 DOM
-
2026-06-15days on market $259,000 Active 91 DOM
-
2026-06-13days on market $259,000 Active 89 DOM
-
2026-06-10days on market $259,000 Active 86 DOM
-
2026-06-09days on market $259,000 Active 85 DOM
-
2026-06-07days on market $259,000 Active 83 DOM
-
2026-06-03days on market $259,000 Active 79 DOM
-
2026-06-02days on market $259,000 Active 78 DOM
-
2026-06-01days on market $259,000 Active 77 DOM
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2026-06-01days on market $259,000 Active 76 DOM
-
2026-04-28price $270,000
-
2026-04-13price $282,500
-
2026-03-16$295,000 Active
-
2022-07-01price $1,600
-
2013-04-19soldstatus $103,500 305-char remark
Show marketing remark (305 chars)
REDUCED!! BONITA SPRINGS CONDOMINIUM AVAILABLE. FANTASTIC UPSTAIRS CORNER UNIT IN CITADEL WITH 3 BEDROOMS, 2 BATHROOMS AND DETACHED CARPORT. EASY ACCESS TO BONITA BEACH, RESTAURANTS, SHOPPING AND THE AIRPORT. THIS IS A FANNIE MAE HOMEPATH PROPERTY. PROPERTY IS APPROVED FOR HOMEPATH RENOVATION FINANCING.
-
2013-03-14price $107,900 305-char remark
Show marketing remark (305 chars)
REDUCED!! BONITA SPRINGS CONDOMINIUM AVAILABLE. FANTASTIC UPSTAIRS CORNER UNIT IN CITADEL WITH 3 BEDROOMS, 2 BATHROOMS AND DETACHED CARPORT. EASY ACCESS TO BONITA BEACH, RESTAURANTS, SHOPPING AND THE AIRPORT. THIS IS A FANNIE MAE HOMEPATH PROPERTY. PROPERTY IS APPROVED FOR HOMEPATH RENOVATION FINANCING.
-
2013-03-14historical 305-char remark
Show marketing remark (305 chars)
REDUCED!! BONITA SPRINGS CONDOMINIUM AVAILABLE. FANTASTIC UPSTAIRS CORNER UNIT IN CITADEL WITH 3 BEDROOMS, 2 BATHROOMS AND DETACHED CARPORT. EASY ACCESS TO BONITA BEACH, RESTAURANTS, SHOPPING AND THE AIRPORT. THIS IS A FANNIE MAE HOMEPATH PROPERTY. PROPERTY IS APPROVED FOR HOMEPATH RENOVATION FINANCING.
-
2013-01-28$103,500 305-char remark
Show marketing remark (305 chars)
REDUCED!! BONITA SPRINGS CONDOMINIUM AVAILABLE. FANTASTIC UPSTAIRS CORNER UNIT IN CITADEL WITH 3 BEDROOMS, 2 BATHROOMS AND DETACHED CARPORT. EASY ACCESS TO BONITA BEACH, RESTAURANTS, SHOPPING AND THE AIRPORT. THIS IS A FANNIE MAE HOMEPATH PROPERTY. PROPERTY IS APPROVED FOR HOMEPATH RENOVATION FINANCING.
ⓘ 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 4/10 Moderate FEMA zone X (unshaded) · 13% 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 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
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Taxation est. · year 1
- Rental income
- $29,155
- − Mortgage interest
- −$14,508
- − Property taxes
- −$3,885
- − Insurance
- −$1,295
- − Repairs & maintenance
- −$2,332
- − Management
- −$2,332
- − HOA
- −$5,628
- − Depreciation
- −$7,535
- Taxable loss
- −$8,360
- Est. tax savings @ 24.0%
- +$2,006
- After-tax cash flow
- $-2,068/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 2-bedroom, 2-bath first-floor condo is in good condition and offers a comfortable and convenient layout perfect for full-time living, a seasonal getaway, or an investment property.
Value-add opportunities
- Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
- Both Updating the flooring — New flooring can improve the overall look and feel of the home. ↑
- Both Upgrading the kitchen appliances — Modern appliances can attract more buyers and renters. ↑
- Both Landscaping improvements — A well-maintained yard can increase the home's curb appeal and value. ↑
- Both Adding smart home features — Smart home features can increase the home's appeal and value, especially for tech-savvy buyers and renters. ↑
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 — Bonita Springs
- Score
- 70/100
- State rank
- #428
- US rank
- #7576
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Bonita Springs, FL
- County
- Lee County · 871,946 people
- City population
- 64,727
- Metro
- Cape Coral-Fort Myers, FL
- Population (ZIP)
- 48,252
- Household income
- $91,380
- Rent vs Own
- Severe rent burden
- 17% 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 (69%)
- Race & ethnicity
- White 69% Hispanic / Latino 26% Two or more races 13% Native American 3% Black 2%
- Hispanic origin (detail)
- Mexican 8% Puerto Rican 4% Cuban 3%
- Common ancestry
- Romanian 5% Lithuanian 2% Slovak 2%
- Foreign-born
- 22% · Canada, Jamaica
- Languages at home
- 74% English-only · Spanish 21% 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
- ▼ -188.86%
- Current HPI
- 243.4153
- Rent YoY
- ▼ -0.61%
- 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
+160.9% since first listed8 events — show timeline
- 2026-04-28 Price Changed $270,000 NAPLESMLS
- 2026-04-13 Price Changed $282,500 NAPLESMLS
- 2026-03-16 Listed $295,000 NAPLESMLS
- 2022-07-01 Price Changed $1,600 RENT.
- 2013-04-19 Sold (MLS) $103,500 FORTMLS
- 2013-03-14 Listing Removed — FORTMLS
- 2013-03-14 Price Changed $107,900 FORTMLS
- 2013-01-28 Listed $103,500 FORTMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…