2603 50th St W · Lehigh Acres, FL 33971

$324,800

4 bd · 2.0 ba · 1,600 sqft · Land · 32 Days on market

Built 2026 10,885 sqft lot

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Why this score? — see what drove the F 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 +7.5/15.0
• Cash flow +7.1/30.0
• Schools +4.1/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• DSCR +1.3/10.0
• Rent growth +1.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

QUICK ACCESS TO SUNSHINE BLVD! Nice 1/4 ACRE lot in a great location!! This area is growing and prices are going up, this is a great investment opportunity! Make an offer today

Key facts

• Modern appliances
• Backyard for a pool
• 0.25 acre lot

Tags

• IMPACT WINDOWS AND DOORS
• MODERN APPLIANCES
• BACKYARD FOR A POOL

Property features AI

Finance

• Other: Zoning: RS-1; Lot described as regular; approximately 0.2499 acres; Subdivision: Lehigh Acres
• HOA & community: No HOA maintenance; No community amenities; Non-gated community

Exterior

• Parking: Attached 2-car garage; Driveway (paved); 2+ parking spaces
• Security: Impact resistant doors and windows; Smoke detectors
• Utilities: Well water; Septic sewer; Electric service (central)
• Home design: Single-family residence; 1-story / ranch; Rear exposure facing north
• Construction: Concrete block construction; Built in 2026
• Exterior features: Room for pool; Impact resistant windows and doors; Stucco exterior; Shingle roof; Landscaped view; Paved road access; Well irrigation

Interior

• Kitchen: Electric cooktop; Dishwasher; Microwave; Refrigerator
• Bedrooms: 4 bedrooms; First-floor primary/bedroom; Split bedroom floor plan
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms; Primary bath with dual sinks and shower (no tub)
• Heating & cooling: Central electric heat; Central electric air conditioning
• Interior features: Built-in cabinets; Coffered ceiling; Smoke detectors; Den / study; Dining area (living); Room for laundry in residence
• Laundry & utility: Washer/dryer hookup; Laundry area inside residence; Auto garage door

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $325k.

Deal economics

• At list price, monthly cash flow is $-461 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $258k (20.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $226k (30.5% below list).
• Recommended offer: $226k (30.5% 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 falling (-4.7%/yr); 1347 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
• This rent runs 35% of the median local income ($78k/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 $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 32 days — a 3% lower offer ($315k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $22k; list at $325k implies a 1376% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: 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 $225,826 (30.5% 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 32 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.70% ✗
• Cap rate: 4.59%
• Cash-on-cash: -6.08%
• DSCR: 0.73
• GRM: 12.0

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: -30.1%
• Equity multiple: 0.03×
• Total profit: $-88,551
• Equity at exit: $48,429

10-year hold

• IRR: -51.0%
• Equity multiple: -0.54×
• Total profit: $-140,321
• Equity at exit: $28,083

Cash invested: $90,944 (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 33971

• Home prices YoY: -8.0%
• Rents YoY: -4.7%
• Active inventory: 1347
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $2,258 high
• Mortgage (P&I): −$1,703
• Tax est. 1.5%: −$406 /mo · $4,872/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$474
• Net cashflow: $-461

Break-even live

Break-even rent $2,841

Max offer price $258,151

Occupancy floor —

Sensitivity live

Price	-10% $-236	-5% $-348	+0% $-461	+5% $-573	+10% $-685
Rent	-10% $-639	-5% $-550	+0% $-461	+5% $-371	+10% $-282
Rate	-1.0pp $-297	-0.5pp $-378	base $-461	+0.5pp $-545	+1.0pp $-630

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: $81,200
• Closing costs: $9,744
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2601 48th St W Lehigh Acres, FL	3.0	2.0	1200	$2,000	$1.67	25d	1	0.09mi
4626 Connie Ave N Lehigh Acres, FL	3.0	2.0	1562	$2,200	$1.41	4d	1	0.17mi
4626 Connie Ave N Lehigh Acres, FL	3.0	2.0	1562	$2,200	$1.41	25d	1	0.17mi
4624 Connie Ave N Lehigh Acres, FL	3.0	2.0	1562	$2,200	$1.41	4d	1	0.19mi
4624 Connie Ave N Lehigh Acres, FL	3.0	2.0	1562	$2,200	$1.41	25d	1	0.19mi
2800 47th St W Lehigh Acres, FL	3.0	2.0	1370	$2,000	$1.46	25d	1	0.33mi
5100 Hanna Ave N Lehigh Acres, FL	3.0	2.0	1918	$1,950	$1.02	5d	1	0.35mi
4626 Ida Ave N Lehigh Acres, FL	3.0	2.0	1615	$2,000	$1.24	17d	1	0.42mi
1903 W 17th St Lehigh Acres, FL	4.0	2.0	1389	$1,750	$1.26	5d	1	0.46mi
2713 56th St W Lehigh Acres, FL	3.0	2.0	1606	$2,100	$1.31	23d	1	0.53mi
1839 Lockhaven Ct Lehigh Acres, FL	3.0	2.0	1646	$2,100	$1.28	23d	1	0.54mi
2808 44th St W Lehigh Acres, FL	4.0	2.0	1800	$1,745	$0.97	25d	1	0.56mi
2809 55th St W Lehigh Acres, FL	4.0	2.5	2113	$2,300	$1.09	5d	1	0.58mi
2719 42nd St W Lehigh Acres, FL	3.0	2.0	1637	$2,000	$1.22	16d	1	0.64mi
5905 Sunshine Blvd Lehigh Acres, FL	3.0	2.0	1654	$2,250	$1.36	3d	1	0.66mi
2610 40th St W Lehigh Acres, FL	3.0	2.0	1472	$2,000	$1.36	25d	1	0.68mi
2806 58th St W Lehigh Acres, FL	4.0	2.0	1993	$2,300	$1.15	5d	1	0.72mi
3012 51st St W Lehigh Acres, FL	3.0	2.0	1551	$1,599	$1.03	17d	1	0.76mi
6006 Dora Ave N Lehigh Acres, FL	3.0	2.0	1272	$2,061	$1.62	4d	1	0.76mi
2910 57th St W Lehigh Acres, FL	3.0	2.0	1550	$1,805	$1.16	3d	1	0.81mi
1503 W 17th St Lehigh Acres, FL	3.0	2.0	1356	$2,300	$1.70	25d	1	0.82mi
2613 62nd St W Lehigh Acres, FL	3.0	2.0	1060	$1,900	$1.79	25d	1	0.88mi
3005 41st St W Lehigh Acres, FL	3.0	2.0	1853	$2,250	$1.21	25d	1	0.94mi
2522 Alice Pl Lehigh Acres, FL	3.0	2.0	1630	$2,300	$1.41	5d	1	0.98mi
3005 40th St W Lehigh Acres, FL	3.0	2.0	1272	$2,000	$1.57	5d	1	0.98mi
3103 58th St W Lehigh Acres, FL	3.0	2.0	1310	$1,800	$1.37	5d	1	0.99mi
2910 61st St W Lehigh Acres, FL	4.0	2.0	1810	$2,095	$1.16	23d	1	1.01mi
2910 61st St W Lehigh Acres, FL	4.0	2.0	1810	$1,915	$1.06	3d	1	1.01mi
2614 Carol Pl Lehigh Acres, FL	3.0	2.0	1595	$1,695	$1.06	17d	1	1.02mi
3213 51st St W Lehigh Acres, FL	3.0	2.0	1654	$2,250	$1.36	3d	1	1.05mi
2611 Carol Pl Lehigh Acres, FL	3.0	2.0	1406	$1,895	$1.35	12d	1	1.05mi
3201 57th St W Lehigh Acres, FL	3.0	2.0	1630	$2,100	$1.29	25d	1	1.06mi
2809 Darlene Pl Lehigh Acres, FL	3.0	2.0	1600	$2,000	$1.25	25d	1	1.09mi
3405 Hanna Ave N Lehigh Acres, FL	4.0	3.0	1698	$2,200	$1.30	25d	1	1.10mi
650 Wentworth Dr Lehigh Acres, FL	3.0	2.0	1389	$1,750	$1.26	5d	1	1.14mi
3304 49th St W Lehigh Acres, FL	3.0	2.0	1399	$2,340	$1.67	3d	1	1.16mi
3016 62nd St W Lehigh Acres, FL	4.0	2.0	1389	$1,750	$1.26	23d	1	1.19mi
2906 65th St W Lehigh Acres, FL	3.0	2.0	1310	$2,175	$1.66	25d	1	1.21mi
3315 Sunshine Blvd N Lehigh Acres, FL	3.0	2.0	1630	$2,000	$1.23	5d	1	1.23mi
3013 64th St W Lehigh Acres, FL	3.0	2.0	1389	$1,750	$1.26	25d	1	1.24mi

Listing history 22 events

1. 2026-06-22
   days on market $324,800 Active 32 DOM
2. 2026-06-17
   days on market $324,800 Active 28 DOM
3. 2026-06-16
   days on market $324,800 Active 27 DOM
4. 2026-06-15
   days on market $324,800 Active 26 DOM
5. 2026-06-13
   remarks 509-char remark
6. 2026-06-13
   days on market $324,800 Active 24 DOM
7. 2026-06-10
   days on market $324,800 Active 21 DOM
8. 2026-06-09
   days on market $324,800 Active 20 DOM
9. 2026-06-08
   days on market $324,800 Active 19 DOM
10. 2026-06-07
    days on market $324,800 Active 18 DOM
11. 2026-06-03
    days on market $324,800 Active 14 DOM
12. 2026-06-02
    days on market $324,800 Active 13 DOM
13. 2026-06-01
    days on market $324,800 Active 12 DOM
14. 2026-05-31
    days on market $324,800 Active 11 DOM
15. 2026-05-20
    listed $324,800 Active
16. 2025-05-13
    soldstatus $22,000 Closed 176-char remark

    Show marketing remark (176 chars)

    QUICK ACCESS TO SUNSHINE BLVD! Nice 1/4 ACRE lot in a great location!! This area is growing and prices are going up, this is a great investment opportunity! Make an offer today

17. 2025-05-09
    soldstatus $22,000
18. 2025-04-16
    status Pending 176-char remark

    Show marketing remark (176 chars)

    QUICK ACCESS TO SUNSHINE BLVD! Nice 1/4 ACRE lot in a great location!! This area is growing and prices are going up, this is a great investment opportunity! Make an offer today

19. 2025-04-14
    price $22,900 176-char remark

    Show marketing remark (176 chars)

    QUICK ACCESS TO SUNSHINE BLVD! Nice 1/4 ACRE lot in a great location!! This area is growing and prices are going up, this is a great investment opportunity! Make an offer today

20. 2025-04-09
    price $23,500 176-char remark

    Show marketing remark (176 chars)

    QUICK ACCESS TO SUNSHINE BLVD! Nice 1/4 ACRE lot in a great location!! This area is growing and prices are going up, this is a great investment opportunity! Make an offer today

21. 2025-03-27
    listed $23,900 Active 176-char remark

    Show marketing remark (176 chars)

    QUICK ACCESS TO SUNSHINE BLVD! Nice 1/4 ACRE lot in a great location!! This area is growing and prices are going up, this is a great investment opportunity! Make an offer today

22. 2025-03-27
    soldstatus $9,000

    Show marketing remark (176 chars)

    QUICK ACCESS TO SUNSHINE BLVD! Nice 1/4 ACRE lot in a great location!! This area is growing and prices are going up, this is a great investment opportunity! Make an offer today

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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: $27,099
• − Mortgage interest: −$18,194
• − Property taxes: −$4,872
• − Insurance: −$1,624
• − Repairs & maintenance: −$2,168
• − Management: −$2,168
• − Depreciation: −$9,449
• Taxable loss: −$11,375
• Est. tax savings @ 24.0%: +$2,730
• After-tax cash flow: $-2,797/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): 30,790
• Household income: $77,723
• Rent vs Own: 21.6% rent · 78.4% own
• Severe rent burden: 587.0

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 49% Two or more races 32% White 26% Black 19% Asian 2%
• Hispanic origin (detail): Mexican 9% Puerto Rican 13% Cuban 14% Dominican 2%
• Common ancestry: Hispanic 7% Estonian 1% Romanian 1%
• Foreign-born: 31% · Canada, Vietnam, Guatemala
• Languages at home: 46% English-only · Spanish 41% French/Haitian/Cajun 9% Other Indo-European 2%

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: ▼ -27.68%
• Current HPI: 317.7147
• Rent YoY: ▼ -4.69%
• 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

+1259.0% since first listed

8 events — show timeline

• 2026-05-20 Listed $324,800 NAPLESMLS
• 2025-05-13 Sold (MLS) $22,000 FORTMLS
• 2025-05-09 Sold (Public Records) $22,000 Public Records
• 2025-04-16 Pending — FORTMLS
• 2025-04-14 Price Changed $22,900 FORTMLS
• 2025-04-09 Price Changed $23,500 FORTMLS
• 2025-03-27 Sold (Public Records) $9,000 Public Records
• 2025-03-27 Listed $23,900 FORTMLS

Property tax history

+17.8%/yr

Latest (2025): $386 · +10.0% YoY. Source: county tax records.