Fourplex
4902 Victoria Dr #1 · Cape Coral, FL
Flood risk 9/10 · Severe
- FEMA flood zone
- AE
- Chance of flooding over 30 yrs
- 0.99%
- Est. flood insurance / yr
- $1,737 – $8,500
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
- 30 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 B- 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 +25.3/30.0
- ARV discount +15.0/15.0
- DSCR +8.4/10.0
- 1% rule +6.7/10.0
- Schools +6.2/10.0
- Livability +3.9/5.0
- Condition / age +2.2/5.0
- Rent growth +1.1/5.0
- Appreciation +0.0/10.0
$349,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed
Listing remarks MLS
Four unit money maker in Downtown Cape Coral. Currently grossing $45,600 per year with net income of almost $30,000 per year. Agents please see CAP Analysis in the attached documents. All tile with some newer windows. Affordable wall and window units for air conditioning helps to keep expenses low. A large fenced backyard with shade trees makes this a tropical escape. Plenty of parking and walking distance to all the restaurants, festivals and nightlife Downtown Cape Coral offers. With 30% down and a 3.5% loan you will make an 11.5% RETURN ON YOUR MONEY.
Key facts
- Cape coral
- Lots of parking
- Covered screen patio
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3×1bd/1.0ba + 1×?bd/1.0ba units multifamily listed at $350k. Condition is rated fair.
- This rent per unit is only 17% of the median local income ($71k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.
Deal economics
- At list price, monthly cash flow is $372 ($4k/yr) — positive. Per door: $93/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($4k rent vs $350k).
- Recommended offer: $308k (12.0% below list) — sets the bar for market timing.
- Cap rate 9.0% 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 (-5.5%/yr); 1252 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals lingering (median 53d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% 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 $2k of loan paydown is wiped out by about $10k 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 159 days — a 12% lower offer ($308k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 8y ago; this cycle's ask has dropped $66k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
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→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 159 days. Have you received any prior offers? Is the seller open to a 12% 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?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Built in 1961 — 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?
- 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
- 1.17% ✓
- Cap rate
- 9.03%
- Cash-on-cash
- 9.78%
- DSCR
- 1.44
- GRM
- 7.2
CMA / ARV
- ARV (median comp)
- $429,559
- List price
- $349,900
- Delta
- -18.54%
- Verdict
- UNDERPRICED
- Comps
- 10 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1671 Edith Esplanade #208 | 1.13mi | 3/2.5 | 1,830 (+2%) | 1mo | $465,000 | $254 | 54 |
| 4550 SE 6th Ct | 0.53mi | 3/2.0 | 1,554 (-13%) | 0mo | $645,000 | $415 | 45 |
| 3937 SE 9th Ct | 1.25mi | 4/2.0 (+1) | 1,702 (-5%) | 0mo | $360,000 | $212 | 44 |
| 1408 Wellington Ct | 0.54mi | 2/2.0 (-1) | 1,567 (-12%) | 0mo | $510,000 | $325 | 41 |
| 5305 Bayview Ct | 1.20mi | 4/2.0 (+1) | 1,675 (-6%) | 1mo | $665,000 | $397 | 41 |
| 418 Avalon Dr | 0.59mi | 3/2.5 | 2,132 (+19%) | 1mo | $675,000 | $317 | 41 |
| 418 Avalon Dr | 0.59mi | 3/2.0 | 2,132 (+19%) | 1mo | $675,000 | $317 | 39 |
| 1412 Windsor Ct | 0.64mi | 3/2.5 | 2,075 (+16%) | 1mo | $800,000 | $386 | 38 |
| 5206 Pocatella Ct | 0.60mi | 3/2.0 | 1,361 (-24%) | 0mo | $316,500 | $233 | 38 |
| 240 SE 46th Ter | 0.84mi | 3/2.0 | 1,566 (-12%) | 1mo | $325,000 | $208 | 36 |
| 914 Dolphin Dr | 1.12mi | 3/2.0 | 2,034 (+14%) | 0mo | $760,000 | $374 | 34 |
| 4647 SE 17th Pl #105 | 1.09mi | 2/2.0 (-1) | 1,478 (-17%) | 0mo | $350,000 | $237 | 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
- -13.1%
- Equity multiple
- 0.54×
- Total profit
- $-44,647
- Equity at exit
- $52,171
- IRR
- -10.6%
- Equity multiple
- 0.46×
- Total profit
- $-53,249
- Equity at exit
- $30,253
Cash invested: $97,972 (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
- 8 active · 1 under contract
- Months of supply
- 48.0 mo (2%/mo absorbed)
- Median asking
- $452,500 ($222/sqft)
- Median days on market
- 31 d
- This list price
- 12% of active listings are priced below it
- ARV vs active asking
- +8.2% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33904
- Rents YoY
- -5.5%
- Active inventory
- 1252
- Price-to-rent
- 28.8×
Monthly cashflow live
- Estimated rent
- $4,078 medium interval (Pro) →
- Mortgage (P&I)
- −$1,835
- Tax from tax record
- −$443 /mo · $5,312/yr
- Insurance
- −$146
- Flood insurance flood zone
- −$427 /mo · $5,118/yr
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$856
- Net cashflow
- $372
4-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 3× units | 1 | 1 | $3,039 |
| #1 | 1 | 1 | $1,013 |
| #2 | 1 | 1 | $1,013 |
| #3 | 1 | 1 | $1,013 |
| 1× unit | 0 | 1 | $1,038 |
| Total (4 units) | $4,078 | ||
Break-even live
Sensitivity live
| Price | -10% $570 | -5% $471 | +0% $372 | +5% $273 | +10% $174 |
|---|---|---|---|---|---|
| Rent | -10% $50 | -5% $211 | +0% $372 | +5% $533 | +10% $694 |
| Rate | -1.0pp $548 | -0.5pp $461 | base $372 | +0.5pp $281 | +1.0pp $189 |
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
- $87,475
- Closing costs
- $10,497
- 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 |
|---|---|---|---|---|---|---|---|---|
| 4901 Victoria Dr #204 Cape Coral, FL | 2.0 | 1.0 | 920 | $1,850 | $2.01 | 0d | 1 | 0.04mi |
| 4901 Victoria Dr Cape Coral, FL | 1.0–2.0 | 1.0 | 792 | $1,425 | $1.80 | 10d | 2 | 0.04mi |
| 4903 York St Apt 102 Cape Coral, FL | 2.0 | 2.0 | 1007 | $1,195 | $1.19 | 116d | 1 | 0.05mi |
| 4903 York St Apt 102 Cape Coral, FL | 2.0 | 2.0 | 1007 | $1,195 | $1.19 | 110d | 1 | 0.05mi |
| 4911 York St Apt 4 Cape Coral, FL | 2.0 | 2.0 | 5437 | $1,375 | $0.25 | 55d | 1 | 0.07mi |
| 4906 Victoria Dr Cape Coral, FL | 1.0–2.0 | 1.0–2.0 | 845 | $1,000 | $1.18 | 2d | 3 | 0.08mi |
| 4906 Victoria Dr Cape Coral, FL | 1.0–2.0 | 1.0–2.0 | 830 | $1,000 | $1.20 | 21d | 2 | 0.08mi |
| 4906 Victoria Dr #313 Cape Coral, FL | 2.0 | 2.0 | 917 | $1,250 | $1.36 | 110d | 1 | 0.08mi |
| 4919 Victoria Dr #4 Cape Coral, FL | 2.0 | 2.0 | 972 | $1,500 | $1.54 | 157d | 1 | 0.10mi |
| 4912 York St Unit 3 Cape Coral, FL | 2.0 | 2.0 | 1070 | $1,300 | $1.21 | 10d | 1 | 0.10mi |
| 4911 Coronado Pkwy Unit A Cape Coral, FL | 2.0 | 2.0 | 815 | $900 | $1.10 | 110d | 1 | 0.11mi |
| 4911 Coronado Pkwy Unit A Cape Coral, FL | 2.0 | 2.0 | 815 | $1,050 | $1.29 | 164d | 1 | 0.11mi |
| 4920 York St Apt 2 Cape Coral, FL | 2.0 | 2.0 | — | $1,350 | — | 10d | 1 | 0.11mi |
| 4920 York St Apt 2 Cape Coral, FL | 2.0 | 2.0 | — | $1,350 | — | 15d | 1 | 0.11mi |
| 4927 Victoria Dr Cape Coral, FL | 2.0 | 2.0 | 925 | $1,498 | $1.62 | 10d | 2 | 0.12mi |
| 4926 York St Cape Coral, FL | 2.0 | 2.0 | 800 | $1,250 | $1.56 | 164d | 1 | 0.14mi |
| 4933 Victoria Dr Cape Coral, FL | 2.0 | 2.0 | 800 | $1,600 | $2.00 | 52d | 1 | 0.14mi |
| 4931 Victoria Dr Cape Coral, FL | 2.0 | 2.0 | 800 | $1,600 | $2.00 | 52d | 1 | 0.14mi |
| 4927 Coronado Pkwy Unit 2 Cape Coral, FL | 1.0 | 1.0 | 588 | $1,200 | $2.04 | 127d | 1 | 0.15mi |
| 4927 Coronado Pkwy #1 Cape Coral, FL | 1.0 | 1.0 | 588 | $1,100 | $1.87 | 10d | 1 | 0.15mi |
| 802 Victoria Dr Unit 4 Cape Coral, FL | 2.0 | 2.0 | 950 | $1,500 | $1.58 | 10d | 1 | 0.18mi |
| 4956 Viceroy St Apt 7 Cape Coral, FL | 1.0 | 1.0 | 800 | $1,225 | $1.53 | 10d | 1 | 0.18mi |
| 4956 Viceroy St Apt 7 Cape Coral, FL | 1.0 | 1.0 | 800 | $1,225 | $1.53 | 25d | 1 | 0.18mi |
| 828 Victoria Dr Unit C7 Cape Coral, FL | 2.0 | 2.0 | 1288 | $1,900 | $1.48 | 52d | 1 | 0.18mi |
| 4956 Viceroy St Unit 2 Cape Coral, FL | 1.0 | 1.0 | 750 | $1,150 | $1.53 | 164d | 1 | 0.19mi |
| 870 SE 47th Ter Unit 321 Cape Coral, FL | 1.0 | 1.0 | 765 | $1,817 | $2.38 | 38d | 1 | 0.19mi |
| 870 SE 47th Ter Unit 369 Cape Coral, FL | 1.0 | 1.0 | 739 | $1,823 | $2.47 | 11d | 1 | 0.19mi |
| 870 SE 47th Ter Cape Coral, FL | 2.0 | 1.0–2.0 | 795 | $1,888 | $2.37 | 10d | 23 | 0.19mi |
| 828 Victoria Dr Unit B14 Cape Coral, FL | 1.0 | 1.0 | 1334 | $1,500 | $1.12 | 144d | 1 | 0.20mi |
| 4964 Viceroy St Unit 2 Cape Coral, FL | 1.0 | 1.0 | 800 | $1,150 | $1.44 | 10d | 1 | 0.21mi |
| 728 Victoria Dr #101 Cape Coral, FL | 2.0 | 2.0 | 1193 | $2,250 | $1.89 | 164d | 1 | 0.22mi |
| 4959 Viceroy St #103 Cape Coral, FL | 2.0 | 2.0 | 1090 | $1,750 | $1.61 | 164d | 1 | 0.22mi |
| 4959 Viceroy St #103 Cape Coral, FL | 2.0 | 2.0 | 1090 | $1,750 | $1.61 | 1d | 1 | 0.22mi |
| 4963 Viceroy St Unit B Cape Coral, FL | 2.0 | 2.0 | 800 | $1,300 | $1.62 | 10d | 1 | 0.24mi |
| 4963 Viceroy St Unit A Cape Coral, FL | 1.0 | 1.0 | 700 | $1,200 | $1.71 | 51d | 1 | 0.24mi |
| 4963 Viceroy St Unit A Cape Coral, FL | 1.0 | 1.0 | 700 | $1,200 | $1.71 | 10d | 1 | 0.24mi |
| 708 Victoria Dr #101 Cape Coral, FL | 2.0 | 2.0 | 1013 | $1,875 | $1.85 | 164d | 1 | 0.25mi |
| 4912 Vincennes St #103 Cape Coral, FL | 2.0 | 2.0 | 1094 | $1,800 | $1.65 | 160d | 1 | 0.26mi |
| 4912 Vincennes St #103 Cape Coral, FL | 2.0 | 2.0 | 1094 | $1,800 | $1.65 | 10d | 1 | 0.26mi |
| 5105 Atlantic Ct Unit 5 Cape Coral, FL | — | 1.0 | 442 | $825 | $1.87 | 108d | 1 | 0.26mi |
Property features AI
Finance
- Other
- Pets allowedTenants pay application fee
- Financial info
- Gross scheduled income: $49,200Unit rents (actual/pro forma): One 2-bed unit $1,250; one 1-bed unit $950; one 1-bed unit $900; other 1-bed unit $950
- HOA & community
- No association fee
Exterior
- Utilities
- Public waterPublic sewerCable available
- Home design
- Multi-family property with 4 unitsResale conditionZoned RML
- Construction
- Block, concrete and stucco constructionShingle roof
- Exterior features
- PatioCorner lotLot dimensions approximately 82 x 112 x 82 x 125
Interior
- Kitchen
- RangeRefrigerator
- Bedrooms
- Four units total: three 1-bedroom units and one 2-bedroom unit
- Flooring
- Tile
- Bathrooms
- Each unit has one full bathroom (4 full bathrooms total)
- Heating & cooling
- Window unit heatingWindow unit cooling
- Interior features
- Single hung windowsTile flooringScreened lanai/porch
- Laundry & utility
- Washer/dryer hookup
Listing history 50 events
-
2026-11-08days on market $349,900 Active 159 DOM
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2026-11-07days on market $349,900 Active 158 DOM
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2026-11-06days on market $349,900 Active 157 DOM
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2026-11-05days on market $349,900 Active 156 DOM
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2026-11-04days on market $349,900 Active 155 DOM
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2026-11-02days on market $349,900 Active 153 DOM
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2026-11-01days on market $349,900 Active 152 DOM
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2026-10-31days on market $349,900 Active 151 DOM
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2026-10-30days on market $349,900 Active 150 DOM
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2026-10-29days on market $349,900 Active 149 DOM
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2026-10-28days on market $349,900 Active 148 DOM
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2026-10-27days on market $349,900 Active 147 DOM
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2026-10-26days on market $349,900 Active 146 DOM
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2026-10-26pricedays on market $349,900 Active 145 DOM
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2026-10-23days on market $380,000 Active 143 DOM
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2026-10-22days on market $380,000 Active 142 DOM
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2026-10-21days on market $380,000 Active 141 DOM
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2026-10-20days on market $380,000 Active 140 DOM
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2026-10-19days on market $380,000 Active 139 DOM
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2026-10-18days on market $380,000 Active 138 DOM
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2026-10-17days on market $380,000 Active 137 DOM
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2026-10-16days on market $380,000 Active 136 DOM
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2026-10-15days on market $380,000 Active 135 DOM
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2026-10-14days on market $380,000 Active 134 DOM
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2026-10-13days on market $380,000 Active 133 DOM
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2026-10-12days on market $380,000 Active 132 DOM
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2026-10-11days on market $380,000 Active 131 DOM
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2026-10-10days on market $380,000 Active 130 DOM
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2026-10-09days on market $380,000 Active 129 DOM
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2026-10-08days on market $380,000 Active 128 DOM
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2026-10-07days on market $380,000 Active 127 DOM
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2026-10-06days on market $380,000 Active 126 DOM
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2026-10-05days on market $380,000 Active 125 DOM
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2026-10-05days on market $380,000 Active 124 DOM
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2026-10-04days on market $380,000 Active 123 DOM
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2026-10-01days on market $380,000 Active 121 DOM
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2026-09-30days on market $380,000 Active 120 DOM
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2026-09-29days on market $380,000 Active 119 DOM
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2026-09-27days on market $380,000 Active 117 DOM
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2026-09-25days on market $380,000 Active 115 DOM
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2026-09-24days on market $380,000 Active 114 DOM
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2026-09-23days on market $380,000 Active 113 DOM
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2026-09-22days on market $380,000 Active 112 DOM
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2026-09-21days on market $380,000 Active 111 DOM
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2026-09-18days on market $380,000 Active 108 DOM
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2026-09-17days on market $380,000 Active 107 DOM
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2026-09-16days on market $380,000 Active 106 DOM
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2026-09-14days on market $380,000 Active 104 DOM
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2026-09-13days on market $380,000 Active 103 DOM
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2026-09-12days on market $380,000 Active 102 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
- $5,312 · $443/mo
- Projected year-2 tax
- $5,312 · $443/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥107°F today · 30 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
- $48,936
- − Mortgage interest
- −$19,600
- − Property taxes
- −$5,312
- − Insurance
- −$6,868
- − Repairs & maintenance
- −$3,915
- − Management
- −$3,915
- − Depreciation
- −$10,179
- Taxable loss
- −$852
- Est. tax savings @ 24.0%
- +$205
- After-tax cash flow
- $4,665/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 · 9 photos
The property is in fair condition with moderate repairs needed, primarily focusing on painting and updating the bathroom. Upgrading these areas can significantly enhance its value.
Components & finishes AI
Repairs flagged
- Major Paint — The interior walls and ceiling appear to be in need of a fresh coat of paint.
- Major Bathroom Fixtures — The bathroom fixtures are outdated and in poor condition.
- Moderate Windows — Some windows appear to be in fair condition, but may need replacement.
Value-add opportunities
- Both Painting the interior and exterior — Fresh paint can significantly improve the home's curb appeal and interior aesthetics, enhancing both resale and rental value. ↑
- Both Upgrading the bathroom fixtures — Modernizing the bathroom can increase the home's appeal and functionality, making it more attractive to potential buyers or renters. ↑
ⓘ Rehab cost is a screening estimate — Moderate 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)
- 33,599
- Household income
- $71,190
- Rent vs Own
- Severe rent burden
- 15% 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 (76%)
- Race & ethnicity
- White 76% Hispanic / Latino 16% Two or more races 11% Black 3% Asian 2%
- Hispanic origin (detail)
- Mexican 2% Puerto Rican 2% Cuban 9%
- Languages at home
- 82% English-only · Spanish 13% Other Indo-European 1% Chinese 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
- ▼ -190.05%
- Current HPI
- 266.3458
- Rent YoY
- ▼ -5.48%
- 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
+437.3% since first listed23 events — show timeline
- 2026-06-16 Price Changed $359,999 FORTMLS
- 2026-06-11 Price Changed $399,999 FORTMLS
- 2026-05-21 Listed $415,900 FORTMLS
- 2021-11-03 Sold (Public Records) $401,900 Public Records
- 2021-11-02 Sold (MLS) $401,900 FORTMLS
- 2021-06-12 Pending — FORTMLS
- 2021-05-24 Price Changed $398,900 FORTMLS
- 2021-05-18 Relisted — FORTMLS
- 2021-04-16 Pending — FORTMLS
- 2021-04-14 Listed $399,000 FORTMLS
- 2021-02-15 Sold (Public Records) $270,000 Public Records
- 2021-02-12 Sold (MLS) $270,000 FORTMLS
- 2021-01-28 Pending — FORTMLS
- 2021-01-16 Price Changed $278,900 FORTMLS
- 2020-12-31 Listed $279,900 FORTMLS
- 2018-03-07 Sold (Public Records) $165,000 Public Records
- 2018-02-28 Sold (MLS) $165,000 FORTMLS
- 2018-02-14 Pending — FORTMLS
- 2018-01-31 Pending — FORTMLS
- 2018-01-19 Listed $169,900 FORTMLS
- 2012-12-13 Sold (Public Records) $690,000 Public Records
- 1993-05-18 Sold (Public Records) $74,000 Public Records
- 1992-04-27 Sold (Public Records) $67,000 Public Records
Property tax history
+7.9%/yrLatest (2025): $5,312 · +9.7% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…