4020 34th St SW · Lehigh Acres, FL 33976

$348,900

4 bd · 2.0 ba · 1,696 sqft · Land · 101 Days on market

Built 2026 0.25 ac lot ↓ 6% since listing

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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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +6.0/30.0
• Schools +4.1/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• 1% rule +1.3/10.0
• DSCR +0.3/10.0

Listing remarks

Move in ready private lot by the canal! Welcome to your dream home, stunning brand-new single-family home, offering the perfect blend of modern luxury and comfortable living. Boasting 4 spacious bedrooms, 2 bathrooms. including elegant tile floors, impact-resistant windows and 10 feet high ceilings as the new model version. The kitchen features premium materials and opens seamlessly to the living room and dining area, perfect for entertaining. A spacious owners suite with a large walk-in closet and an in-suite bathroom with two separated vanities with a glass enclosed walk-in shower. Stunning quartz countertops with backsplash, a large center island and true gourmet kitchen with, featuring

Key facts

• Private lot
• Large walk-in closet
• Premium materials

Tags

• PRIVATE LOT
• IMPACT-RESISTANT WINDOWS
• 10 FEET HIGH CEILINGS
• PREMIUM MATERIALS
• SPACIOUS OWNERS SUITE
• LARGE WALK-IN CLOSET

Property features AI

Finance

• Other: Lot is rectangular and on a dead-end, public maintained paved road; Lot dimensions approx. 80 x 137 x 80 x 137 (survey/plans); Irrigation supplied by well
• Financial info: Pets allowed
• HOA & community: Non-gated community; No association fee

Exterior

• Parking: Attached 2-car garage; Driveway; Paved parking; Garage door opener; 2 covered parking spaces
• Security: Door man; Smoke detectors
• Utilities: Well water; Septic tank; Cable available
• Home design: Single-story; New construction; Entry level 1; Faces south
• Construction: Block, concrete and stucco construction; Shingle roof; New construction
• Exterior features: Patio (open); Porch; Sprinkler/irrigation system (automatic); Security/high impact doors; Has a view; North exposure

Interior

• Kitchen: Dishwasher; Electric cooktop; Range; Microwave; Refrigerator; Freezer; Disposal; Water purifier
• Bedrooms: Master bedroom; Additional bedroom
• Flooring: Tile
• Bathrooms: 2 full bathrooms; Dual sinks in at least one bath; Separate shower
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fans
• Interior features: Breakfast bar; Built-in features; Cathedral ceilings; Dual sinks; Family/dining room; Living/dining room; Custom mirrors; Shower only with separate shower; Cable TV; Walk-in closets; Split bedroom floor plan; Impact glass windows; Unfurnished; Tile flooring
• Laundry & utility: Washer hookup; Dryer hookup; Inside laundry; Laundry tub; Utility room; Garage

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $349k.

Deal economics

• At list price, monthly cash flow is $-669 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $252k (27.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $220k (36.8% below list).
• Recommended offer: $220k (36.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 59/100 on livability (#826 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime C-, employment 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: Veterans Park Academy For The Arts (math 41% / reading 45%, grade F, #1,366 of 2,144 statewide, top 64%, 2,133 students, 36% FRL); Oak Hammock Middle School (math 43% / reading 41%, grade D-, #340 of 571 statewide, top 61%, 1,563 students, 56% FRL); Lehigh Senior High School (math 23% / reading 45%, grade F, #394 of 667 statewide, top 60%, 2,476 students, 57% FRL).
• Market conditions: Rents soft (-1.5%/yr); 788 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
• This rent runs 36% of the median local income ($73k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $37k of equity ($2k loan paydown + $35k appreciation (10.0% local appreciation)).
• Lee County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$60k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($317k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→32/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $220,494 (36.8% 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 101 days. Have you received any prior offers? Is the seller open to a 37% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
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: 0.63% ✗
• Cap rate: 3.99%
• Cash-on-cash: -8.22%
• DSCR: 0.63
• GRM: 13.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 17.8%
• Equity multiple: 2.44×
• Total profit: $140,966
• Equity at exit: $314,317

10-year hold

• IRR: 16.2%
• Equity multiple: 5.47×
• Total profit: $437,138
• Equity at exit: $677,836

Cash invested: $97,692 (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 33976

• Home prices YoY: 6.8%
• Rents YoY: -1.5%
• Active inventory: 788
• Price-to-rent: 13.2×

Monthly cashflow live

• Estimated rent: $2,205 high
• Mortgage (P&I): −$1,830
• Tax est. 1.5%: −$436 /mo · $5,234/yr
• Insurance: −$145
• HOA: −$0
• Vacancy / Maint / Mgmt: −$463
• Net cashflow: $-669

Break-even live

Break-even rent $3,052

Max offer price $252,057

Occupancy floor —

Sensitivity live

Price	-10% $-428	-5% $-549	+0% $-669	+5% $-790	+10% $-910
Rent	-10% $-843	-5% $-756	+0% $-669	+5% $-582	+10% $-495
Rate	-1.0pp $-494	-0.5pp $-581	base $-669	+0.5pp $-760	+1.0pp $-852

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: $87,225
• Closing costs: $10,467
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4101 33rd St SW Lehigh Acres, FL	3.0	2.0	1698	$2,200	$1.30	16d	1	0.04mi
4020 36th St SW Lehigh Acres, FL	3.0	2.0	1354	$2,050	$1.51	25d	1	0.11mi
4021 28th St SW Lehigh Acres, FL	3.0	2.0	1529	$1,800	$1.18	25d	1	0.33mi
3809 33rd St SW Lehigh Acres, FL	4.0	2.0	2133	$1,745	$0.82	25d	1	0.45mi
3807 33rd St SW Lehigh Acres, FL	4.0	2.0	2133	$1,745	$0.82	25d	1	0.46mi
3805 33rd St SW Lehigh Acres, FL	4.0	2.0	2133	$1,745	$0.82	25d	1	0.48mi
3803 33rd St SW Lehigh Acres, FL	4.0	2.0	2133	$1,745	$0.82	25d	1	0.49mi
3802 35th St SW Lehigh Acres, FL	3.0	2.0	1269	$1,640	$1.29	25d	1	0.50mi
3801 33rd St SW Lehigh Acres, FL	4.0	2.0	2133	$1,745	$0.82	25d	1	0.51mi
2904 Wanda Ave S Lehigh Acres, FL	3.0	2.0	1501	$1,900	$1.27	25d	1	0.62mi
4203 23rd St SW Lehigh Acres, FL	4.0	2.0	1833	$1,850	$1.01	21d	1	0.65mi
4001 22nd St SW Lehigh Acres, FL	3.0	2.0	1055	$1,950	$1.85	4d	1	0.70mi
4412 25th St SW Lehigh Acres, FL	3.0	2.0	1205	$1,700	$1.41	23d	1	0.76mi
4421 25th St SW Lehigh Acres, FL	3.0	2.0	1253	$1,250	$1.00	12d	1	0.78mi
3604 29th St SW Lehigh Acres, FL	3.0	2.5	1776	$2,500	$1.41	25d	1	0.81mi
4435 27th St SW Lehigh Acres, FL	3.0	2.0	1158	$1,250	$1.08	21d	1	0.84mi
2504 Vera Ave S Lehigh Acres, FL	3.0	3.0	1643	$2,400	$1.46	25d	1	0.84mi
4440 28th St SW Lehigh Acres, FL	3.0	2.0	1200	$1,495	$1.25	13d	1	0.84mi
14158 Gardeners Way Fort Myers, FL	3.0	2.5	1871	$2,600	$1.39	4d	1	0.87mi
4453 29th St SW Lehigh Acres, FL	3.0	2.0	1198	$1,660	$1.39	25d	1	0.88mi
4455 29th St SW Lehigh Acres, FL	3.0	2.0	1198	$1,660	$1.39	25d	1	0.88mi
4401 22nd St SW Lehigh Acres, FL	3.0	2.0	1109	$1,345	$1.21	25d	1	0.88mi
4449 26th St SW Lehigh Acres, FL	3.0	2.0	2242	$1,900	$0.85	25d	1	0.89mi
1578 Gretchen Ave S Lehigh Acres, FL	3.0	2.0	1728	$2,000	$1.16	25d	1	0.91mi
4501 28th St SW Lehigh Acres, FL	3.0	2.0	1196	$1,660	$1.39	25d	1	0.96mi
4501-4503 28th St SW Lehigh Acres, FL	3.0	2.0	1196	$1,660	$1.39	25d	1	0.96mi
3419 36th St Lehigh Acres, FL	4.0	2.0	1920	$1,850	$0.96	25d	1	0.98mi
4221 18th St SW Lehigh Acres, FL	3.0	2.5	1600	$2,600	$1.62	16d	1	0.98mi
4508 30th St SW Unit 4510 Lehigh Acres, FL	3.0	2.0	1114	$1,700	$1.53	25d	1	1.01mi
4522 29th St SW Lehigh Acres, FL	3.0	2.0	1200	$1,650	$1.38	25d	1	1.06mi
3418 26th St SW Lehigh Acres, FL	4.0	3.0	2030	$2,300	$1.13	18d	1	1.06mi
4523 22nd St SW Lehigh Acres, FL	3.0	2.0	1125	$1,700	$1.51	25d	1	1.07mi
14279 Winding Cedar Way Fort Myers, FL	4.0	3.0	2032	$3,000	$1.48	4d	1	1.08mi
4528 24th St SW Lehigh Acres, FL	3.0	2.0	1200	$2,300	$1.92	18d	1	1.12mi
4535 26th St SW Lehigh Acres, FL	3.0	2.0	1105	$1,375	$1.24	25d	1	1.12mi
14129 Pine Lodge Ln Fort Myers, FL	3.0	3.0	1934	$2,300	$1.19	23d	1	1.13mi
3316 35th St SW Lehigh Acres, FL	4.0	2.0	2133	$1,745	$0.82	25d	1	1.14mi
11091 Canopy Loop Fort Myers, FL	4.0	3.0	2032	$3,300	$1.62	5d	1	1.14mi
3314 35th St SW Lehigh Acres, FL	4.0	2.0	2133	$1,745	$0.82	25d	1	1.16mi
3714 17th St SW Lehigh Acres, FL	4.0	2.0	1833	$1,890	$1.03	25d	1	1.16mi

Listing history 20 events

1. 2026-06-22
   pricedays on market $348,900 Active 101 DOM
2. 2026-06-17
   days on market $349,900 Active 97 DOM
3. 2026-06-16
   days on market $349,900 Active 96 DOM
4. 2026-06-15
   days on market $349,900 Active 95 DOM
5. 2026-06-13
   pricedays on market $349,900 Active 93 DOM
6. 2026-06-10
   days on market $353,900 Active 90 DOM
7. 2026-06-09
   days on market $353,900 Active 89 DOM
8. 2026-06-07
   pricedays on market $353,900 Active 87 DOM
9. 2026-06-03
   days on market $355,900 Active 83 DOM
10. 2026-06-02
    days on market $355,900 Active 82 DOM
11. 2026-06-01
    days on market $355,900 Active 81 DOM
12. 2026-06-01
    days on market $355,900 Active 80 DOM
13. 2026-05-19
    price $355,900
14. 2026-05-11
    price $359,900
15. 2026-05-04
    price $362,900
16. 2026-04-09
    price $364,900
17. 2026-03-26
    price $369,900
18. 2026-03-21
    price $373,900
19. 2026-03-12
    price $375,000
20. 2026-03-12
    listed $379,900 Active

ⓘ 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 5/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 32 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: $26,459
• − Mortgage interest: −$19,544
• − Property taxes: −$5,234
• − Insurance: −$1,744
• − Repairs & maintenance: −$2,117
• − Management: −$2,117
• − Depreciation: −$10,150
• Taxable loss: −$14,446
• Est. tax savings @ 24.0%: +$3,467
• After-tax cash flow: $-4,564/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 — Lehigh Acres

• Score: 59/100
• State rank: #826
• US rank: #20055

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lehigh Acres, FL
• County: Lee County · 788,662 people
• City population: 130,638
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 20,277
• Household income: $72,679
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 574.0

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 0.65)
• Race & ethnicity: Hispanic / Latino 50% Two or more races 30% White 24% Black 20% Asian 3%
• Hispanic origin (detail): Mexican 8% Puerto Rican 8% Cuban 18% Dominican 4%
• Common ancestry: Hispanic 8% Slovak 1% Lithuanian 1%
• Foreign-born: 35% · Canada, Jamaica, Vietnam
• Languages at home: 46% English-only · Spanish 43% French/Haitian/Cajun 8% Vietnamese 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: ▲ 21.77%
• Current HPI: 340.4255
• Rent YoY: ▼ -1.54%
• 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

-6.3% since first listed

8 events — show timeline

• 2026-05-19 Price Changed $355,900 FORTMLS
• 2026-05-11 Price Changed $359,900 FORTMLS
• 2026-05-04 Price Changed $362,900 FORTMLS
• 2026-04-09 Price Changed $364,900 FORTMLS
• 2026-03-26 Price Changed $369,900 FORTMLS
• 2026-03-21 Price Changed $373,900 FORTMLS
• 2026-03-12 Price Changed $375,000 FORTMLS
• 2026-03-12 Listed $379,900 FORTMLS

Property tax history

+19.5%/yr

Latest (2025): $520 · +33.0% YoY. Source: county tax records.