333 San Bernardino St · Palmona Park, FL 33903

$220,000

3 bd · 1.0 ba · 740 sqft · SingleFamily public records · 77 Days on market

Built 1958 4,795 sqft lot

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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).

• Cash flow +26.3/30.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.2/10.0
• Schools +4.1/10.0
• Livability +2.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute cottage and priced fairly. Also offering owner financing with half down payment with interest rate as low as 6%! Has a tenant in place paying $1500 per month that would love to stay even on a month to month basis. Has new electric service and beautiful vinyl laminate flooring throughout.

Key facts

• Remodeled bathroom
• Window blinds
• New appliances

Tags

• NEW APPLIANCES
• REMODELED BATHROOM
• NEW AC
• WINDOW BLINDS
• WASHER DRYER INCLUDED
• PRIME LOCATION

Property features AI

Finance

• Financial info: Pets allowed: conditional — contact for details
• HOA & community: Association includes cable TV; No association fee

Exterior

• Parking: Attached carport; Three covered spaces; Two additional parking spaces
• Security: Smoke detector(s)
• Utilities: Public water; Septic tank sewer; Cable available
• Home design: Single-story; Resale property; Faces north; South exposure on lot
• Construction: Wood siding; Wood frame construction; Shingle roof; Built on foundation (details not specified)
• Exterior features: Patio; None (other exterior features not specified)

Interior

• Kitchen: Dishwasher; Freezer; Microwave; Range; Self-cleaning oven; Refrigerator
• Bedrooms: One bedroom (4.00 x 4.00)
• Flooring: Laminate
• Bathrooms: One full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Built-in features; Shower only with separate shower; Unfurnished
• Laundry & utility: Washer; Dryer; Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $446 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).
• Recommended offer: $207k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 55/100 on livability (#875 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A, health & safety A; Watch: schools F, 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.
• Market conditions: Rents soft (-1.9%/yr); 472 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
• At $2,465/mo this rent would consume 52% of the median local household income ($57k/yr) (locally 468% 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 $2k of loan paydown is wiped out by about $7k 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 77 days — a 6% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 4 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.
• Current owner paid $140k; list at $220k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $206,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.12% ✓
• Cap rate: 9.41%
• Cash-on-cash: 11.13%
• DSCR: 1.50
• GRM: 7.4

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: -6.5%
• Equity multiple: 0.77×
• Total profit: $-14,442
• Equity at exit: $32,803

10-year hold

• IRR: -1.0%
• Equity multiple: 0.94×
• Total profit: $-3,815
• Equity at exit: $19,022

Cash invested: $61,600 (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: 472
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,465 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$131 /mo · $1,572/yr
• Insurance: −$92
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$518
• Net cashflow: $446

Break-even live

Break-even rent $1,901

Max offer price $220,000

Occupancy floor 77%

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3260 Stockton St North Fort Myers, FL	3.0	1.0–2.0	976	$2,823	$2.89	1d	27	0.58mi
2700 Diplomat Pkwy E Cape Coral, FL	1.0–3.0	1.0–2.0	1116	$2,970	$2.66	3d	41	1.12mi
8049 Stillwater Ct North Fort Myers, FL	1.0–2.0	1.0–2.0	720	$1,600	$2.22	23d	1	1.36mi

Listing history 28 events

1. 2026-06-17
   days on market $220,000 Active 77 DOM
2. 2026-06-16
   days on market $220,000 Active 76 DOM
3. 2026-06-15
   days on market $220,000 Active 75 DOM
4. 2026-06-13
   days on market $220,000 Active 73 DOM
5. 2026-06-10
   days on market $220,000 Active 70 DOM
6. 2026-06-09
   days on market $220,000 Active 69 DOM
7. 2026-06-07
   days on market $220,000 Active 67 DOM
8. 2026-06-03
   days on market $220,000 Active 63 DOM
9. 2026-06-02
   days on market $220,000 Active 62 DOM
10. 2026-06-01
    days on market $220,000 Active 61 DOM
11. 2026-06-01
    days on market $220,000 Active 60 DOM
12. 2026-04-01
    listed $220,000 Active
13. 2025-03-14
    historical $2,000
14. 2024-12-12
    listed $2,000
15. 2024-07-19
    soldstatus $140,000 Closed 293-char remark

    Show marketing remark (293 chars)

    Cute cottage and priced fairly. Also offering owner financing with half down payment with interest rate as low as 6%! Has a tenant in place paying $1500 per month that would love to stay even on a month to month basis. Has new electric service and beautiful vinyl laminate flooring throughout.

16. 2024-07-19
    soldstatus $140,000

    Show marketing remark (293 chars)

    Cute cottage and priced fairly. Also offering owner financing with half down payment with interest rate as low as 6%! Has a tenant in place paying $1500 per month that would love to stay even on a month to month basis. Has new electric service and beautiful vinyl laminate flooring throughout.

17. 2024-06-22
    status Pending 293-char remark

    Show marketing remark (293 chars)

    Cute cottage and priced fairly. Also offering owner financing with half down payment with interest rate as low as 6%! Has a tenant in place paying $1500 per month that would love to stay even on a month to month basis. Has new electric service and beautiful vinyl laminate flooring throughout.

18. 2024-06-17
    price $149,900 293-char remark

    Show marketing remark (293 chars)

    Cute cottage and priced fairly. Also offering owner financing with half down payment with interest rate as low as 6%! Has a tenant in place paying $1500 per month that would love to stay even on a month to month basis. Has new electric service and beautiful vinyl laminate flooring throughout.

19. 2024-05-14
    listed $159,900 Active 293-char remark

    Show marketing remark (293 chars)

    Cute cottage and priced fairly. Also offering owner financing with half down payment with interest rate as low as 6%! Has a tenant in place paying $1500 per month that would love to stay even on a month to month basis. Has new electric service and beautiful vinyl laminate flooring throughout.

20. 2020-11-20
    soldstatus $52,000
21. 2020-11-16
    soldstatus $50,000
22. 2020-11-11
    soldstatus $50,000 Closed 132-char remark

    Show marketing remark (132 chars)

    Great investment opportunity! Newer laminate flooring. This will sell fast, schedule your showing now! Previously rented for $800/mo

23. 2020-10-10
    status Pending 132-char remark

    Show marketing remark (132 chars)

    Great investment opportunity! Newer laminate flooring. This will sell fast, schedule your showing now! Previously rented for $800/mo

24. 2020-10-08
    listed $59,900 Active 132-char remark

    Show marketing remark (132 chars)

    Great investment opportunity! Newer laminate flooring. This will sell fast, schedule your showing now! Previously rented for $800/mo

25. 2011-05-24
    soldstatus $9,500
26. 2010-09-22
    price $13,300
27. 2005-06-06
    soldstatus $79,900
28. 1997-06-23
    soldstatus $35,000

ⓘ 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: $1,572 · $131/mo
• Projected year-2 tax: $1,826 · $152/mo
• Expected delta: +$254/yr (+$21/mo · 16.1%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone A · 67% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 29 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: $29,584
• − Mortgage interest: −$12,323
• − Property taxes: −$1,572
• − Insurance: −$2,602
• − Repairs & maintenance: −$2,367
• − Management: −$2,367
• − Depreciation: −$6,400
• Taxable income: $1,952
• Est. tax owed @ 24.0%: −$469
• After-tax cash flow: $4,884/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 — Palmona Park

• Score: 55/100
• State rank: #875
• US rank: #23153

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palmona Park, 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

+528.6% since first listed

17 events — show timeline

• 2026-04-01 Listed $220,000 FORTMLS
• 2025-03-14 Rental Removed $2,000 NAPLESMLS
• 2024-12-12 Listed for Rent $2,000 NAPLESMLS
• 2024-07-19 Sold (Public Records) $140,000 Public Records
• 2024-07-19 Sold (MLS) $140,000 FORTMLS
• 2024-06-22 Pending — FORTMLS
• 2024-06-17 Price Changed $149,900 FORTMLS
• 2024-05-14 Listed $159,900 FORTMLS
• 2020-11-20 Sold (Public Records) $52,000 Public Records
• 2020-11-16 Sold (Public Records) $50,000 Public Records
• 2020-11-11 Sold (MLS) $50,000 FORTMLS
• 2020-10-10 Pending — FORTMLS
• 2020-10-08 Listed $59,900 FORTMLS
• 2011-05-24 Sold (MLS) $9,500 FORTMLS
• 2010-09-22 Price Changed $13,300 FORTMLS
• 2005-06-06 Sold (Public Records) $79,900 Public Records
• 1997-06-23 Sold (Public Records) $35,000 Public Records

Property tax history

+11.4%/yr

Latest (2025): $1,572 · -5.0% YoY. Source: county tax records.