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26380 Coco Cay Cir
D- Composite 37.24
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 +12.9/15.0
  • Cash flow +6.3/30.0
  • Schools +5.2/10.0
  • Condition / age +4.0/5.0
  • Livability +3.5/5.0
  • 1% rule +2.4/10.0
  • Rent growth +2.3/5.0
  • DSCR +0.6/10.0
  • Appreciation +0.0/10.0

$449,000

26380 Coco Cay Cir · Bonita Springs, FL 34135
3 bd · 3.5 ba · 2,027 sqft · Townhouse · 34 Days on market
Built 2024 Good condition 1,764 sqft lot Garage $222/sqft · 12% below area Est $510k · 12% under $521/mo HOA · 16% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

COASTAL BONITA SPRINGS LIVING WITH PRIVATE ELEVATOR, GARAGE, RESORT STYLE AMENITIES, AND AN UNBEATABLE LOCATION. Welcome to Villa Mar Bonita Beach, where bright coastal style, modern finishes, and everyday convenience come together in one of Bonita Springs’ most desirable locations. This beautifully maintained 3 bedroom, 3.5 bathroom residence offers a private garage, spacious foyer entry, and a thoughtfully designed main living level with an open kitchen, dining, and living area made for easy entertaining.

Key facts

  • Fitness center
  • Tropical grounds
  • Clubhouse

Tags

PRIVATE ELEVATORRESORT STYLE AMENITIESCOMMUNITY POOLCLUBHOUSEFITNESS CENTERTROPICAL GROUNDS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/3.5-bath townhouse listed at $449k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-806 ($-10k/yr) — negative.
  • To cash-flow at today's rent, offer at most $307k (31.7% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $333k (25.8% below list).
  • Recommended offer: $307k (31.7% below list) — sets the bar for cash-flow.
  • Cap rate 4.1% 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 88d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 68% 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 44% 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 $3k of loan paydown is wiped out by about $13k 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 34 days — a 3% lower offer ($436k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts since 2y 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.
Recommended offer $306,549 (31.7% 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 34 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. 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?
  6. 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.
  7. 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.
  8. 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
0.74%
Cap rate
4.14%
Cash-on-cash
-7.70%
DSCR
0.66
GRM
11.2

CMA / ARV

ARV (median comp)
$510,493
List price
$449,000
Delta
-12.05%
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
3311 Glen Cairn Ct #104 0.37mi 3/3.0 2,192 (+8%) 4mo $742,500 $339 64
3321 Glen Cairn Ct #102 0.42mi 3/2.0 1,978 (-2%) 9mo $665,000 $336 63
25408 Alicante Dr 0.85mi 3/3.0 2,073 (+2%) 6mo $680,000 $328 54
26891 Wedgewood Dr #203 1.05mi 3/2.0 2,062 (+2%) 4mo $595,000 $289 53
27163 Kindlewood Ln 0.91mi 3/2.5 2,058 (+2%) 10mo $425,000 $207 50
27175 Oakwood Lake Dr #201 1.11mi 3/3.0 1,902 (-6%) 3mo $770,000 $405 50
26310 Devonshire Ct #101 0.47mi 3/3.0 2,416 (+19%) 5mo $585,000 $242 47
26300 Devonshire Ct #202 0.46mi 3/3.0 2,347 (+16%) 7mo $640,000 $273 46
9186 Brendan Preserve Ct 0.78mi 4/2.5 (+1) 1,930 (-5%) 6mo $540,000 $280 43
3330 Crossings Ct #602 0.87mi 3/3.0 1,873 (-8%) 10mo $640,000 $342 42
9670 Village View Blvd #201 0.90mi 3/2.0 1,649 (-19%) 0mo $320,000 $194 34
9241 Lake Abby Ln #201 0.94mi 2/2.0 (-1) 1,649 (-19%) 3mo $212,500 $129 26

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
-33.5%
Equity multiple
-0.06×
Total profit
$-133,622
Equity at exit
$66,947
10-year hold
IRR
-67.1%
Equity multiple
-0.74×
Total profit
$-219,174
Equity at exit
$38,821

Cash invested: $125,720 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
26 active · 8 under contract
Months of supply
31.2 mo (3%/mo absorbed)
Median asking
$485,000 ($275/sqft)
Median days on market
122 d
This list price
31% of active listings are priced below it
ARV vs active asking
-8.5% vs 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
11.2×

Monthly cashflow live

Estimated rent
$3,331 high interval (Pro) →
Mortgage (P&I)
$2,355
Tax from tax record
$375 /mo · $4,502/yr
Insurance
$187
HOA
$521
Vacancy / Maint / Mgmt
$700
Net cashflow
$-806

Break-even live

Break-even rent $4,352
Max offer price $306,549
Occupancy floor

Sensitivity live

Price -10% $-552 -5% $-679 +0% $-806 +5% $-933 +10% $-1,061
Rent -10% $-1,070 -5% $-938 +0% $-806 +5% $-675 +10% $-543
Rate -1.0pp $-580 -0.5pp $-692 base $-806 +0.5pp $-923 +1.0pp $-1,041

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
$112,250
Closing costs
$13,470
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
26380 Coco Cay Cir Bonita Springs, FL 3.0 3.5 1738 $3,200 $1.84 78d 1 0.01mi
26380 Coco Cay Cir Bonita Springs, FL 3.0 3.5 1738 $2,999 $1.73 65d 1 0.01mi
26390 Coco Cay Cir #101 Bonita Springs, FL 2.0 2.5 1498 $2,700 $1.80 119d 1 0.02mi
26370 Coco Cay Cir Bonita Springs, FL 2.0 2.5 1443 $2,300 $1.59 9d 1 0.04mi
26351 Coco Cay Cir Unit 201 Bonita Springs, FL 3.0 3.5 1863 $2,800 $1.50 9d 1 0.04mi
26351 Coco Cay Cir Bonita Springs, FL 3.0 4.0 1863 $2,800 $1.50 9d 1 0.04mi
26343 Clarkston Dr Bonita Springs, FL 3.0 2.0 2148 $9,500 $4.42 119d 1 0.06mi
26343 Clarkston Dr Bonita Springs, FL 3.0 2.0 2148 $10,000 $4.66 9d 1 0.06mi
26331 Coco Cay Cir Unit 103 Bonita Springs, FL 2.0 2.5 1520 $2,100 $1.38 117d 1 0.07mi
26331 Coco Cay Cir #203 Bonita Springs, FL 3.0 3.5 2027 $3,500 $1.73 119d 1 0.07mi
26330 Coco Cay Cir #201 Bonita Springs, FL 3.0 3.5 1623 $3,250 $2.00 9d 1 0.08mi
26430 Coco Cay Cir #203 Bonita Springs, FL 3.0 3.5 1840 $5,800 $3.15 9d 1 0.10mi
26310 Coco Cay Cir Unit 101 Bonita Springs, FL 2.0 2.5 1498 $2,500 $1.67 9d 1 0.10mi
26310 Coco Cay Cir Unit 201 Bonita Springs, FL 3.0 3.5 1840 $3,195 $1.74 119d 1 0.10mi
26409 Clarkston Dr Bonita Springs, FL 2.0 2.0 1571 $2,900 $1.85 9d 1 0.15mi
3321 Glen Cairn Ct #102 Bonita Springs, FL 3.0 2.5 1912 $9,000 $4.71 119d 1 0.41mi
25817 Pebblecreek Dr Bonita Springs, FL 4.0 2.0 1718 $3,500 $2.04 97d 1 0.57mi
25817 Pebblecreek Dr Bonita Springs, FL 4.0 2.0 1718 $5,500 $3.20 9d 1 0.57mi
8850 Creek Run Dr Bonita Springs, FL 4.0 3.0 2370 $7,900 $3.33 119d 1 0.62mi
9550 Cedar Creek Dr Bonita Springs, FL 4.0 3.0 2354 $8,000 $3.40 119d 1 0.63mi
25925 Pebblecreek Dr Bonita Springs, FL 2.0 2.0 1498 $2,850 $1.90 9d 1 0.64mi
25925 Pebblecreek Dr Bonita Springs, FL 2.0 2.0 1498 $2,950 $1.97 74d 1 0.64mi
3431 Pointe Creek Ct #102 Bonita Springs, FL 3.0 2.0 1546 $2,265 $1.47 87d 1 0.72mi
9124 Brendan Preserve Ct Bonita Springs, FL 3.0 2.0 1699 $2,950 $1.74 119d 1 0.72mi
3412 Pointe Creek Ct #102 Bonita Springs, FL 3.0 2.0 1622 $6,250 $3.85 119d 1 0.74mi
3412 Pointe Creek Ct #102 Bonita Springs, FL 3.0 2.0 1622 $6,250 $3.85 9d 1 0.74mi
3442 Pointe Creek Ct #201 Bonita Springs, FL 3.0 2.0 1673 $7,000 $4.18 99d 1 0.76mi
26961 Clarkston Dr #9208 Bonita Springs, FL 2.0 2.0 1556 $6,600 $4.24 9d 1 0.79mi
26630 Rosewood Pointe Dr #306 Bonita Springs, FL 2.0 2.0 1688 $2,400 $1.42 84d 1 0.79mi
26630 Rosewood Pointe Dr Unit 1 Bonita Springs, FL 2.0 2.0 1659 $2,400 $1.45 82d 1 0.79mi
3461 Pointe Creek Ct #306 Bonita Springs, FL 3.0 2.0 1650 $3,150 $1.91 119d 1 0.79mi
26991 Clarkston Dr #8106 Bonita Springs, FL 2.0 2.0 1556 $7,875 $5.06 85d 1 0.81mi
26991 Clarkston Dr #8106 Bonita Springs, FL 2.0 2.0 1556 $7,875 $5.06 119d 1 0.81mi
3460 Pointe Creek Ct #102 Bonita Springs, FL 3.0 2.0 1622 $6,800 $4.19 119d 1 0.81mi
26589-610 Rosewood Pointe Dr #306 Bonita Springs, FL 3.0 2.0 1469 $2,900 $1.97 84d 1 0.81mi
9192 Brendan Preserve Ct Bonita Springs, FL 3.0 2.5 1681 $6,500 $3.87 119d 1 0.81mi
27123 Kindlewood Ln Bonita Springs, FL 2.0 2.0 1715 $4,500 $2.62 119d 1 0.83mi
26600 Rosewood Pointe Dr Unit B-107 Bonita Springs, FL 3.0 2.0 1616 $6,000 $3.71 119d 1 0.83mi
9304 Lake Abby Ln Bonita Springs, FL 3.0 2.0 1631 $3,700 $2.27 99d 1 0.87mi
27098 Harbor Dr Bonita Springs, FL 3.0 2.0 1666 $11,500 $6.90 9d 1 0.89mi

Property features AI

Finance

Other
Lot features: zero lot line, automatic sprinklers
Financial info
Pets allowed with conditions (call for details)
HOA & community
Homeowners association with monthly feeAssociation fee: $521 monthlyAssociation includes management, insurance, irrigation water, legal/accounting, grounds maintenance, pest control, recreation facilities and street lightsAssociation amenities include clubhouse, fitness center, pool, sidewalks and managementCommunity has 94 unitsStreet lights in community

Exterior

Parking
Attached garage with garage door opener1 covered garage space
Security
Gated communitySmoke detector(s)
Utilities
Public waterPublic sewerCable availableHigh speed internet availableMunicipal irrigation source
Home design
Single-storyEntry level: 2Faces westExposure to the east
Construction
Block, concrete and stucco constructionShingle roofResale property
Exterior features
Security/high impact doorsAutomatic sprinklers/irrigationPatioBalconyScreened patio/balconyCommunity poolSmoke detector(s)

Interior

Kitchen
DishwasherDisposalIcemakerMicrowaveRangeSelf-cleaning ovenRefrigeratorRefrigerator with ice maker
Bedrooms
Guest quartersOther (flex room)Great room
Flooring
TileVinyl
Bathrooms
3 full bathrooms1 half bathroom
Heating & cooling
Central heating (electric)Central air conditioning (electric)Ceiling fans
Interior features
Breakfast barBuilt-in featuresDual sinksEntrance foyerEat-in kitchenLiving/dining room combinationShower only (no tub)Separate showerCable TV availableWalk-in closet(s)Window treatmentsElevatorHigh speed internetSplit bedroom floor planImpact glassShuttersWindow coveringsFurnishing negotiable
Laundry & utility
Washer hookupDryer hookupWasherDryer

Listing history 21 events

  1. 2026-07-01
    days on market $449,000 Active 34 DOM
  2. 2026-06-30
    days on market $449,000 Active 33 DOM
  3. 2026-06-29
    days on market $449,000 Active 32 DOM
  4. 2026-06-28
    days on market $449,000 Active 31 DOM
  5. 2026-06-27
    days on market $449,000 Active 30 DOM
  6. 2026-06-25
    days on market $449,000 Active 27 DOM
  7. 2026-06-22
    days on market $449,000 Active 25 DOM
  8. 2026-06-22
    days on market $449,000 Active 24 DOM
  9. 2026-06-18
    days on market $449,000 Active 21 DOM
  10. 2026-06-17
    days on market $449,000 Active 20 DOM
  11. 2026-06-16
    days on market $449,000 Active 19 DOM
  12. 2026-06-15
    days on market $449,000 Active 18 DOM
  13. 2026-06-13
    days on market $449,000 Active 16 DOM
  14. 2026-06-10
    days on market $449,000 Active 13 DOM
  15. 2026-06-09
    days on market $449,000 Active 12 DOM
  16. 2026-06-08
    days on market $449,000 Active 11 DOM
  17. 2026-06-07
    days on market $449,000 Active 10 DOM
  18. 2026-06-03
    days on market $449,000 Active 6 DOM
  19. 2026-06-02
    days on market $449,000 Active 5 DOM
  20. 2026-06-01
    days on market $449,000 Active 4 DOM
  21. 2026-05-31
    days on market $449,000 Active 3 DOM

ⓘ 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
$4,502 · $375/mo
Projected year-2 tax
$4,502 · $375/mo
Expected delta
$0/yr ($0/mo · 0.0%)

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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$39,972
− Mortgage interest
−$25,151
− Property taxes
−$4,502
− Insurance
−$2,245
− Repairs & maintenance
−$3,198
− Management
−$3,198
− HOA
−$6,252
− Depreciation
−$13,062
Taxable loss
−$17,636
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$4,233
After-tax cash flow
$-5,444/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

Good 80/100 Cosmetic rehab Est. rehab $10,135–$30,405 screening

This well-maintained and modern 3-bedroom, 3.5-bathroom condo in Bonita Springs is move-in ready with a private balcony and resort-style amenities.

Value-add opportunities

  • Both Landscaping and curb appeal improvements — Enhances the home's curb appeal and can attract more buyers or renters
  • Both Add a smart home system — Improves convenience and can increase the home's value
  • Both Install smart locks — Enhances security and can increase the home's value

ⓘ 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.

D Composite school gradezoned avg 52/100

Zoned Schools

Elementary Bonita Springs Elementary School C- FL #976/2,144 Nat'l #11,114/41,679 Middle Lexington Middle School B- FL #183/571 Nat'l #2,564/14,009 High Estero High School D FL #179/667 Nat'l #5,677/17,239

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
B Composite livability gradescore 70/100

Livability — Bonita Springs

Score
70/100
State rank
#428
US rank
#7576

Category grades

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

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
17.7% rent · 82.3% 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

Price history

+14992.4% since first listed
5 events — show timeline
  • 2026-05-28 Listed $449,000 FORTMLS
  • 2024-06-29 Rental Removed $2,975 APPFOLIO
  • 2024-06-12 Listed for Rent $2,975 APPFOLIO
  • 2024-04-25 Rental Removed $2,975 APPFOLIO
  • 2024-04-12 Listed for Rent $2,975 APPFOLIO

Property tax history

+845.1%/yr

Latest (2025): $4,502 · +845.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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