Duplex
924 SE 24th Ave Unit A & B · Cape Coral, FL
Flood risk 7/10 · Major
- FEMA flood zone
- AE
- Chance of flooding over 30 yrs
- 0.75%
- Est. flood insurance / yr
- $1,737 – $8,500
Fire risk 2/10 · 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
- 32 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 +14.7/15.0
- Cash flow +11.2/30.0
- Schools +5.8/10.0
- Condition / age +4.0/5.0
- Livability +3.9/5.0
- 1% rule +3.3/10.0
- DSCR +3.3/10.0
- Rent growth +0.7/5.0
- Appreciation +0.0/10.0
$399,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed
Listing remarks
Excellent INVESTMENT OPPORTUNITY! This duplex is move-in ready. Live on one side and rent the other, or rent both sides for maximum income. Newer ROOF 2017, A/C Side-B 12/2018, A/C Side-A 9/2024, BRAND NEW ELECTRIC For Both Sides 10/2025, and Side-A inside has been completely re-painted and also offers a fenced back yard! Located ONLY 2 minutes away from ROSEN PARK, which offers a LARGE SALTWATER BOAT LAUNCH!!! Please see the link to view Rosen Park. NO SELLER FINANCING. https://www. capecoral. gov/department/parks_and_recreationhome/rosen_park_boat_ramp. php Don't miss this opportunity, schedule your showing today!
Key facts
- Fenced back yard
- Newer roof
- 0.39 acre lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2 × 2-bed/2.0-bath units multifamily listed at $399k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-577 ($-7k/yr) — negative. Per door: $-288/mo.
- To cash-flow at today's rent, offer at most $316k (20.9% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $330k (17.3% below list).
- Recommended offer: $316k (20.9% below list) — sets the bar for cash-flow.
- Cap rate 5.8% 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.
- Zoned schools: Gulf Elementary School (math 70% / reading 65%, grade B+, #435 of 2,144 statewide, top 21%, 1,231 students, 38% FRL); Challenger Middle School (math 59% / reading 56%, grade B, #157 of 571 statewide, top 28%, 1,124 students, 50% FRL); Ida S. Baker High School (math 44% / reading 47%, grade D-, #223 of 667 statewide, top 34%, 1,933 students, 39% FRL) — zoned schools average 42% FRL vs 57% district-wide (15 pts lower); this property's tenant base skews higher-income than the district average.
- Market conditions: Rents falling (-7.1%/yr); 689 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals lingering (median 74d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 54% of comp listings sitting > 30 days — soft ceiling on asking rent; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k 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 286 days — a 12% lower offer ($351k) is reasonable based on typical stale-listing flexibility.
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→32/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 286 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- 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.
- 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?
- 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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 0.83% ✗
- Cap rate
- 5.84%
- Cash-on-cash
- -1.62%
- DSCR
- 0.93
- GRM
- 10.1
CMA / ARV
- ARV (median comp)
- $475,294
- List price
- $399,000
- Delta
- -16.05%
- Verdict
- UNDERPRICED
- Comps
- 13 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2106 SE 20th Ln | 1.41mi | 4/3.0 | 2,377 (-4%) | 1mo | $852,770 | $359 | 54 |
| 2214 SE 10th Ln | 0.24mi | 3/2.0 (-1) | 2,108 (-15%) | 1mo | $395,000 | $187 | 50 |
| 410 SE 20th Ct | 0.78mi | 3/3.0 (-1) | 2,309 (-7%) | 2mo | $355,000 | $154 | 44 |
| 29 NE 20th Ct | 1.38mi | 4/3.0 | 2,145 (-13%) | 2mo | $595,000 | $277 | 38 |
| 2041 SE 16th St | 0.87mi | 3/2.0 (-1) | 2,245 (-9%) | 2mo | $575,000 | $256 | 35 |
| 2010 SE 13th Ter | 0.72mi | 3/2.0 (-1) | 2,185 (-12%) | 1mo | $575,000 | $263 | 33 |
| 1912 Howe Ct | 0.94mi | 5/3.0 (+1) | 2,031 (-18%) | 1mo | $360,000 | $177 | 30 |
| 2027 SE 21st St | 1.47mi | 3/2.5 (-1) | 2,083 (-16%) | 0mo | $650,000 | $312 | 29 |
| 4387 Harbour Ter | 1.01mi | 3/2.5 (-1) | 2,010 (-19%) | 1mo | $419,000 | $208 | 28 |
| 1661 Swan Ter | 1.13mi | 3/2.0 (-1) | 2,008 (-19%) | 1mo | $599,900 | $299 | 26 |
| 1807 SE 15th St | 1.00mi | 3/2.0 (-1) | 1,928 (-22%) | 1mo | $342,500 | $178 | 26 |
| 126 SE 15th Pl | 1.46mi | 3/2.0 (-1) | 1,882 (-24%) | 2mo | $499,000 | $265 | 25 |
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
- -30.9%
- Equity multiple
- 0.01×
- Total profit
- $-110,760
- Equity at exit
- $59,492
- IRR
- -58.9%
- Equity multiple
- -0.61×
- Total profit
- $-179,871
- Equity at exit
- $34,498
Cash invested: $111,720 (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
Active competition Active MLS
- For sale now
- 7 active
- Median asking
- $459,500 ($193/sqft)
- Median days on market
- 174 d
- This list price
- 29% of active listings are priced below it
- ARV vs active asking
- -0.4% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33990
- Rents YoY
- -7.1%
- Active inventory
- 689
- Price-to-rent
- 20.2×
Monthly cashflow live
- Estimated rent
- $3,300 high interval (Pro) →
- Mortgage (P&I)
- −$2,092
- Tax est. 1.5%
- −$499 /mo · $5,985/yr
- Insurance
- −$166
- Flood insurance flood zone
- −$427 /mo · $5,118/yr
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$693
- Net cashflow
- $-577
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 2 | 2 | $3,300 |
| #1 | 2 | 2 | $1,650 |
| #2 | 2 | 2 | $1,650 |
| Total (2 units) | $3,300 | ||
Break-even live
Sensitivity live
| Price | -10% $-301 | -5% $-439 | +0% $-577 | +5% $-715 | +10% $-853 |
|---|---|---|---|---|---|
| Rent | -10% $-838 | -5% $-707 | +0% $-577 | +5% $-447 | +10% $-316 |
| Rate | -1.0pp $-376 | -0.5pp $-475 | base $-577 | +0.5pp $-680 | +1.0pp $-786 |
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
- $99,750
- Closing costs
- $11,970
- 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 |
|---|---|---|---|---|---|---|---|---|
| 938 SE 24th Ave Cape Coral, FL | 3.0 | 4.0 | 1200 | $1,375 | $1.15 | 119d | 1 | 0.05mi |
| 940 SE 24th Ave Cape Coral, FL | 2.0 | 1.0 | — | $1,299 | — | 111d | 1 | 0.06mi |
| 933 SE 24th Ave Unit A Cape Coral, FL | 3.0 | 1.5 | 1150 | $1,600 | $1.39 | 9d | 1 | 0.07mi |
| 929 SE 24th Ave Unit A Cape Coral, FL | 2.0 | 1.0 | 792 | $1,250 | $1.58 | 111d | 1 | 0.07mi |
| 2330 SE 8th Ter Cape Coral, FL | 3.0 | 2.5 | 1900 | $2,500 | $1.32 | 119d | 1 | 0.15mi |
| 2330 SE 8th Ter Cape Coral, FL | 3.0 | 2.5 | 1900 | $2,800 | $1.47 | 71d | 1 | 0.15mi |
| 1024 SE 24th Ave Cape Coral, FL | 2.0 | 1.0 | 1300 | $1,295 | $1.00 | 119d | 1 | 0.16mi |
| 815 SE 24th Ave Cape Coral, FL | 2.0 | 2.0 | 1250 | $1,797 | $1.44 | 119d | 1 | 0.19mi |
| 2130 SE 9th Ter Cape Coral, FL | 3.0 | 2.0 | 1986 | $2,055 | $1.03 | 93d | 1 | 0.20mi |
| 1101 SE 24th Ave Cape Coral, FL | 3.0 | 2.0 | 1360 | $1,595 | $1.17 | 119d | 1 | 0.20mi |
| 1104 SE 24th Ave #1104 Cape Coral, FL | 3.0 | 2.0 | — | $1,600 | — | 9d | 1 | 0.20mi |
| 1031 SE 24th Ave Cape Coral, FL | 3.0 | 2.0 | 1360 | $1,595 | $1.17 | 109d | 1 | 0.20mi |
| 5860 Littlestone Ct North Fort Myers, FL | 2.0 | 2.0 | 1000 | $1,375 | $1.38 | 71d | 1 | 0.21mi |
| 811 SE 24th Ave Cape Coral, FL | 3.0 | 2.0 | 1209 | $1,600 | $1.32 | 9d | 1 | 0.21mi |
| 5917 Littlestone Ct North Fort Myers, FL | 2.0 | 2.5 | 1118 | $1,462 | $1.31 | 119d | 2 | 0.22mi |
| 1111 SE 23rd Pl Unit 3 Cape Coral, FL | 2.0 | 2.0 | 992 | $1,250 | $1.26 | 117d | 1 | 0.23mi |
| 2129 Viscaya Pkwy Cape Coral, FL | 3.0 | 2.0 | 1900 | $2,600 | $1.37 | 9d | 1 | 0.23mi |
| 5828 Littlestone Ct North Fort Myers, FL | 2.0 | 2.0 | 1221 | $1,900 | $1.56 | 119d | 1 | 0.24mi |
| 803 SE 24th Ave Cape Coral, FL | 2.0 | 2.0 | 1191 | $1,399 | $1.17 | 9d | 1 | 0.25mi |
| 5917 Littlestone Ct #118 North Fort Myers, FL | 2.0 | 2.5 | 1122 | $1,395 | $1.24 | 99d | 1 | 0.25mi |
| 5827 Littlestone Ct North Fort Myers, FL | 2.0 | 2.0 | 1372 | $1,500 | $1.09 | 119d | 1 | 0.26mi |
| 715 SE 24th Ave Unit 715 Cape Coral, FL | 3.0 | 2.0 | 1182 | $1,800 | $1.52 | 117d | 1 | 0.26mi |
| 715 SE 24th Ave Unit 715 Cape Coral, FL | 3.0 | 2.0 | 1182 | $1,800 | $1.52 | 119d | 1 | 0.26mi |
| 2202 SE 8th St Cape Coral, FL | 3.0 | 2.0 | 1485 | $3,295 | $2.22 | 119d | 1 | 0.28mi |
| 1206 SE 23rd Pl Cape Coral, FL | 3.0 | 2.0 | 1226 | $2,700 | $2.20 | 9d | 1 | 0.29mi |
| 1214 SE 24th Ave Unit 1214 Cape Coral, FL | 3.0 | 2.0 | 1205 | $1,550 | $1.29 | 7d | 1 | 0.30mi |
| 1214 SE 24th Ave Cape Coral, FL | 3.0 | 2.0 | 1205 | $1,500 | $1.24 | 7d | 1 | 0.30mi |
| 2212 SE 7th St Cape Coral, FL | 3.0 | 2.0 | 1399 | $2,800 | $2.00 | 9d | 1 | 0.31mi |
| 1218 SE 24th Ave Cape Coral, FL | 3.0 | 2.0 | 1200 | $1,549 | $1.29 | 7d | 1 | 0.32mi |
| 1219 SE 23rd Pl #8 Cape Coral, FL | 1.0 | 1.0 | 689 | $1,500 | $2.18 | 9d | 1 | 0.33mi |
| 1225 SE 24th Ave Unit A Cape Coral, FL | 3.0 | 2.0 | 1130 | $1,750 | $1.55 | 9d | 1 | 0.35mi |
| 1227 SE 23rd Pl Cape Coral, FL | 2.0 | 2.0 | 1010 | $1,499 | $1.48 | 119d | 1 | 0.36mi |
| 2216 SE 6th Ln Cape Coral, FL | 3.0 | 2.0 | 1311 | $1,840 | $1.40 | 119d | 1 | 0.36mi |
| 2305 SE 6th Ln Unit A Cape Coral, FL | 2.0 | 2.0 | 1106 | $1,350 | $1.22 | 98d | 1 | 0.38mi |
| 2122 SE 6th Ln Cape Coral, FL | 3.0 | 2.0 | 1394 | $1,795 | $1.29 | 74d | 1 | 0.40mi |
| 2122 SE 6th Ln Cape Coral, FL | 3.0 | 2.0 | 1394 | $1,880 | $1.35 | 82d | 1 | 0.40mi |
| 1240 SE 24th Ave Cape Coral, FL | 3.0 | 2.0 | — | $1,600 | — | 7d | 1 | 0.41mi |
| 609 SE 23rd Pl Unit 1 Cape Coral, FL | 2.0 | 2.0 | 5253 | $1,400 | $0.27 | 99d | 1 | 0.44mi |
| 609 SE 23rd Pl Unit 1 Cape Coral, FL | 2.0 | 2.0 | 1100 | $1,400 | $1.27 | 9d | 1 | 0.44mi |
| 2122 SE 6th Ter Cape Coral, FL | 3.0 | 2.0 | 1416 | $2,200 | $1.55 | 73d | 1 | 0.45mi |
Property features AI
Finance
- Financial info
- Tenants pay electricity and waterPets allowed
- HOA & community
- Community amenities include a boat ramp and parkNon-gated community
Exterior
- Parking
- Each unit includes an attached 1-car garage
- Security
- Smoke detectors
- Utilities
- Cable availablePublic water (assessments paid)Sewer assessments paid
- Home design
- Multifamily property with 2 units in 1 buildingResale propertyZoned R3-D
- Construction
- Block, concrete and stucco constructionShingle roof
- Exterior features
- Fenced yardRectangular lotPaved, public-maintained road accessLot dimensions: 122 x 141 x 122 x 141
Interior
- Kitchen
- DishwasherDisposalMicrowaveRangeRefrigerator (one unit includes freezer)
- Bedrooms
- Two 2-bedroom units (one 1,176 sq ft, one 1,296 sq ft)
- Flooring
- LaminateTile
- Bathrooms
- Each unit has 2 full bathrooms (4 full bathrooms total)
- Heating & cooling
- Central heating (electric)Central air conditioning (electric)
- Interior features
- Single hung windowsCeiling fansScreened lanai/porchCable availableSmoke detectors
- Laundry & utility
- Laundry in garage for each unit
Listing history 50 events
-
2026-08-28days on market $399,000 Active 286 DOM
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2026-08-26days on market $399,000 Active 284 DOM
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2026-08-24days on market $399,000 Active 282 DOM
-
2026-08-23days on market $399,000 Active 281 DOM
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2026-08-21days on market $399,000 Active 279 DOM
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2026-08-20days on market $399,000 Active 278 DOM
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2026-08-19days on market $399,000 Active 277 DOM
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2026-08-18days on market $399,000 Active 276 DOM
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2026-08-16days on market $399,000 Active 274 DOM
-
2026-08-15days on market $399,000 Active 273 DOM
-
2026-08-13days on market $399,000 Active 271 DOM
-
2026-08-11days on market $399,000 Active 269 DOM
-
2026-08-10days on market $399,000 Active 268 DOM
-
2026-08-09days on market $399,000 Active 267 DOM
-
2026-08-06days on market $399,000 Active 264 DOM
-
2026-08-05days on market $399,000 Active 263 DOM
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2026-08-04days on market $399,000 Active 262 DOM
-
2026-07-28days on market $399,000 Active 255 DOM
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2026-07-26days on market $399,000 Active 253 DOM
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2026-07-24days on market $399,000 Active 251 DOM
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2026-07-23days on market $399,000 Active 250 DOM
-
2026-07-22days on market $399,000 Active 249 DOM
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2026-07-21days on market $399,000 Active 248 DOM
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2026-07-18days on market $399,000 Active 245 DOM
-
2026-07-18days on market $399,000 Active 244 DOM
-
2026-07-16days on market $399,000 Active 243 DOM
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2026-07-15days on market $399,000 Active 242 DOM
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2026-07-13days on market $399,000 Active 240 DOM
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2026-07-13days on market $399,000 Active 239 DOM
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2026-07-12days on market $399,000 Active 238 DOM
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2026-07-10days on market $399,000 Active 237 DOM
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2026-07-10days on market $399,000 Active 236 DOM
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2026-07-07days on market $399,000 Active 234 DOM
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2026-07-06days on market $399,000 Active 233 DOM
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2026-07-05days on market $399,000 Active 232 DOM
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2026-07-02days on market $399,000 Active 229 DOM
-
2026-07-01days on market $399,000 Active 228 DOM
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2026-06-30days on market $399,000 Active 227 DOM
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2026-06-29days on market $399,000 Active 226 DOM
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2026-06-28days on market $399,000 Active 225 DOM
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2026-06-25days on market $399,000 Active 221 DOM
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2026-06-22days on market $399,000 Active 219 DOM
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2026-06-22days on market $399,000 Active 218 DOM
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2026-06-17days on market $399,000 Active 214 DOM
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2026-06-16days on market $399,000 Active 213 DOM
-
2026-06-16days on market $399,000 Active 212 DOM
-
2026-06-13days on market $399,000 Active 210 DOM
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2026-06-09days on market $399,000 Active 206 DOM
-
2026-06-07days on market $399,000 Active 204 DOM
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2026-06-02days on market $399,000 Active 199 DOM
ⓘ 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 7/10 Severe FEMA zone AE · 75% chance over 30 yrs
- Wildfire 2/10 Low
- 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $39,600
- − Mortgage interest
- −$22,350
- − Property taxes
- −$5,985
- − Insurance
- −$7,114
- − Repairs & maintenance
- −$3,168
- − Management
- −$3,168
- − Depreciation
- −$11,607
- Taxable loss
- −$13,792
- Est. tax savings @ 24.0%
- +$3,310
- After-tax cash flow
- $-3,613/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 · 13 photos
This multi-family property is in good condition with a good roof, exterior, and interior. It has dated kitchen and bathroom fixtures that could be updated for a more modern look. Painting the exterior and updating the kitchen and bathrooms would significantly increase its value.
Repairs flagged
- Minor Kitchen cabinetry — The cabinetry is dated and could be updated for a more modern look.
- Minor Bathroom fixtures — The fixtures are dated and could be replaced for a more modern look.
Value-add opportunities
- Both Painting the exterior — Painting the exterior can improve the curb appeal and increase the home's value. ↑
- Both Updating the kitchen cabinetry and appliances — Updating the kitchen can improve the home's functionality and increase its value. ↑
- Both Updating the bathrooms — Updating the bathrooms can improve the home's functionality and increase its 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.
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 — Cape Coral
- Score
- 77/100
- State rank
- #208
- US rank
- #3098
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Cape Coral, FL
- County
- Lee County · 871,946 people
- City population
- 217,388
- Metro
- Cape Coral-Fort Myers, FL
- Population (ZIP)
- 34,713
- Household income
- $70,665
- Rent vs Own
- Severe rent burden
- 18% 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
- Majority White (64%)
- Race & ethnicity
- White 64% Hispanic / Latino 26% Two or more races 17% Asian 3% Black 3%
- Hispanic origin (detail)
- Mexican 4% Puerto Rican 5% Cuban 8% Dominican 2%
- Common ancestry
- Romanian 3% Lithuanian 3% Italian 3%
- Foreign-born
- 20% · Canada, Jamaica, China
- Languages at home
- 74% English-only · Spanish 20% Other Indo-European 2% 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
- ▼ -196.42%
- Current HPI
- 289.1969
- Rent YoY
- ▼ -7.11%
- 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
-11.3% since first listed2 events — show timeline
- 2026-05-12 Price Changed $399,000 FORTMLS
- 2025-11-10 Listed $450,000 FORTMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…