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10421 Sirene Way
C Composite 58.65
Why this score? — see what drove the C 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 +22.1/30.0
  • 1% rule +8.5/10.0
  • ARV discount +7.5/15.0
  • DSCR +7.1/10.0
  • Livability +4.3/5.0
  • Schools +4.1/10.0
  • Rent growth +2.6/5.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$364,900

10421 Sirene Way · Fort Myers, FL 33913
2 bd · 2.0 ba · 1,713 sqft · Condo public records · 98 Days on market
Built 2014 $606/mo HOA · 12% of rent

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

Listing remarks MLS

This exquisitely appointed home personifies the meaning of FIT & FINISH! located in The Materita neighborhood this home is situated with a southern exposure on a gorgeous 3-acre lake spanning over 400 feet of open water. Enjoy morning coffee and evening dining from the extended lanai in quiet solitude or hosting a get together with friends & family. The open design of this WCI built Areca with extended great room is spacious, full of natural light and the only owners of this well cared for home have made it super easy to maintain. Neutral medium wood cabinets w/ granite counter tops, SS Whirlpool appliances, 18" tile in main living areas & flex room, volume ceilings w/ crown molding, easy to use Storm Smart accordion shutters and solar powered lanai hurricane screen. To learn more about Pelican Preserve view our short video to see the exceptional lifestyle found only in this community! Just outside the gates you are close to major shopping, local dining, medical & entertainment. Plus the international airport is a short 15 minute drive making it easy to spend more time being here not getting there! BE SURE TO VIEW THE INTERACTIVE 3D TOUR TO FULLY APPRECIATE THIS SPECTACULAR HOME.

Key facts

  • Versatile flex room
  • Covered lanai
  • Extended great room

Tags

EXTENDED GREAT ROOMCOVERED LANAISCREENED-IN PAVER PATIOVERSATILE FLEX ROOMSCENIC LAKEOPEN WATER VIEWS

Property features AI

Finance

  • Other: 98 units in the community; Pets allowed conditionally (maximum 2, breed restrictions apply)
  • HOA & community: Homeowners association; Quarterly association fee; Association fee includes management, cable TV, internet, irrigation water, legal/accounting, grounds maintenance, pest control and road maintenance; Community amenities: beach rights, basketball court, bocce court, billiard room, business center, cabana, clubhouse, dog park, fitness center, golf course, hobby room, library, media room, pier, pickleball, park, private membership, pool, putting greens; Community features: golf, gated, tennis courts, street lights; Senior community

Exterior

  • Parking: Attached 2-car garage; Covered parking; Garage with door opener; Two spaces
  • Security: Gated community with guard; Security gate; Security guard; Smoke detectors
  • Utilities: Public water; Public sewer; Cable available; High speed internet available; Underground utilities; Irrigation from lake and reclaimed water
  • Home design: Single-story; Entry level 1; Resale property; Faces north; Has view
  • Construction: Tile roof; Block, concrete and stucco construction
  • Exterior features: Sprinkler/irrigation system (automatic); Patio; Privacy wall; Room for pool; Electric and manual shutters; Lanai (screened porch); Porch; Guest house attached; Community pool; Lakefront; South exposure; Private and paved road frontage

Interior

  • Kitchen: Electric cooktop; Range; Self-cleaning oven; Microwave; Dishwasher; Disposal; Icemaker; Refrigerator; Refrigerator with ice maker; Pantry; Breakfast bar; Eat-in kitchen
  • Bedrooms: Master bedroom; Bedroom (11 x 11); Bedroom (13 x 11)
  • Flooring: Carpet; Tile
  • Bathrooms: 2 full bathrooms
  • Heating & cooling: Central heating (electric); Central air (electric)
  • Interior features: Breakfast bar; Tray ceilings; Dual sinks; Eat-in kitchen; Handicap access; High ceilings; Living/dining room; Pantry; Shower only (separate shower); Cable TV; Window treatments; High speed internet; Split bedrooms; Tinted windows; Thermal windows; Shutters; Window coverings; Furnished
  • Laundry & utility: Washer; Dryer; Inside laundry; Laundry tub

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath condo listed at $365k.

Deal economics

  • At list price, monthly cash flow is $586 ($7k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($5k rent vs $365k).
  • Recommended offer: $332k (9.0% below list) — sets the bar for market timing.
  • Cap rate 8.2% vs local median 3.3% in Fort Myers — 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 86/100 on livability (#14 in FL, #383 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+.
  • 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 flat; 821 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); high-income renter base; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
  • At $4,915/mo this rent would consume 53% of the median local household income ($110k/yr) (locally 276% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k 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 98 days — a 9% lower offer ($332k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 8y 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.
  • Current owner paid $275k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Climate carrying-cost: 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.
Recommended offer $332,059 (9.0% below list)

Questions for the listing agent

  1. It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  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 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
1.35%
Cap rate
8.22%
Cash-on-cash
6.89%
DSCR
1.31
GRM
6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.37% rent growth · sell at horizon

5-year hold
IRR
-9.4%
Equity multiple
0.67×
Total profit
$-33,913
Equity at exit
$54,408
10-year hold
IRR
-5.0%
Equity multiple
0.72×
Total profit
$-28,551
Equity at exit
$31,550

Cash invested: $102,172 (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.

ZIP-level market 33913

Home prices YoY
-10.3%
Rents YoY
0.4%
Active inventory
821
Price-to-rent
6.2×

Monthly cashflow live

Estimated rent
$4,915 high interval (Pro) →
Mortgage (P&I)
$1,914
Tax from tax record
$625 /mo · $7,497/yr
Insurance
$152
HOA
$606
Vacancy / Maint / Mgmt
$1,032
Net cashflow
$586

Break-even live

Break-even rent $4,173
Max offer price $364,900
Occupancy floor 83%

Sensitivity live

Price -10% $793 -5% $690 +0% $586 +5% $483 +10% $380
Rent -10% $198 -5% $392 +0% $586 +5% $780 +10% $975
Rate -1.0pp $770 -0.5pp $679 base $586 +0.5pp $492 +1.0pp $396

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
$91,225
Closing costs
$10,947
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
10714 Cetrella Dr Fort Myers, FL 2.0 2.0 1227 $5,500 $4.48 25d 1 0.14mi
10730 Cetrella Dr Fort Myers, FL 3.0 2.0 1558 $6,900 $4.43 25d 1 0.14mi
10702 Cetrella Dr Fort Myers, FL 2.0 2.0 1347 $5,500 $4.08 25d 1 0.15mi
10700 Cetrella Dr Fort Myers, FL 2.0 2.0 1227 $3,500 $2.85 25d 1 0.16mi
10428 Materita Dr Fort Myers, FL 2.0 2.0 1568 $6,250 $3.99 25d 1 0.17mi
10518 Avila Cir Fort Myers, FL 2.0 2.0 1466 $6,500 $4.43 5d 1 0.52mi
10518 Avila Cir Fort Myers, FL 2.0 2.0 1466 $6,500 $4.43 25d 1 0.52mi
10520 Casella Way #101 Fort Myers, FL 3.0 2.0 1722 $7,000 $4.07 25d 1 0.57mi
10284 Livorno Dr Fort Myers, FL 3.0 3.0 2202 $7,000 $3.18 5d 1 0.61mi
10529 Casella Way #102 Fort Myers, FL 3.0 2.0 1722 $4,500 $2.61 25d 1 0.63mi
10720 Ravenna Way #104 Fort Myers, FL 2.0 2.0 1251 $5,000 $4.00 25d 1 0.64mi
11900 Grosseto Ct Fort Myers, FL 2.0 2.0 1713 $5,500 $3.21 25d 1 0.72mi
11900 Grosseto Ct Fort Myers, FL 2.0 2.0 1713 $6,000 $3.50 21d 1 0.72mi
10700 Ravenna Way Fort Myers, FL 2.0 2.0 1251 $3,488 $2.79 25d 2 0.73mi
10514 Bella Vista Dr Fort Myers, FL 3.0 2.0 1823 $6,500 $3.57 25d 1 0.74mi
10700 Palazzo Way #201 Fort Myers, FL 2.0 2.0 1390 $5,000 $3.60 23d 1 0.74mi
10820 Palazzo Way #203 Fort Myers, FL 2.0 2.0 1235 $5,400 $4.37 25d 1 0.79mi
10711 Palazzo Way Unit 203 Fort Myers, FL 2.0 2.0 1257 $5,300 $4.22 23d 1 0.79mi
10711 Palazzo Way Fort Myers, FL 2.0 2.0 1257 $3,900 $3.10 18d 2 0.80mi
10751 Palazzo Way #103 Fort Myers, FL 2.0 2.0 1235 $5,000 $4.05 25d 1 0.81mi
10791 Palazzo Way #301 Fort Myers, FL 2.0 2.0 1390 $5,300 $3.81 25d 1 0.82mi
10602 Camarelle Cir Fort Myers, FL 2.0 2.0 1690 $5,500 $3.25 25d 1 0.85mi
11343 Tiverton Trce Fort Myers, FL 2.0 2.0 1685 $4,000 $2.37 5d 1 0.89mi
10530 Amiata Way #103 Fort Myers, FL 2.0 2.0 1248 $2,200 $1.76 25d 1 0.95mi
11041 Iron Horse Way Fort Myers, FL 2.0 2.0 1692 $4,000 $2.36 25d 1 0.99mi
9918 Horse Creek Rd Fort Myers, FL 3.0 2.0 1510 $2,200 $1.46 25d 1 1.00mi
10510 Amiata Way #302 Fort Myers, FL 2.0 2.0 1245 $4,900 $3.94 25d 1 1.01mi
9460 Ivy Brook Run #710 Fort Myers, FL 3.0 2.5 1220 $1,500 $1.23 14d 1 1.04mi
11442 Tiverton Trce Fort Myers, FL 3.0 2.0 2010 $9,500 $4.73 25d 1 1.04mi
9440 Ivy Brook Run #509 Fort Myers, FL 3.0 2.5 1220 $1,500 $1.23 5d 1 1.09mi
9440 Ivy Brook Run Fort Myers, FL 2.0–3.0 2.5 1269 $1,550 $1.22 25d 2 1.09mi
11230 Suffield St Fort Myers, FL 2.0 2.0 1560 $8,500 $5.45 25d 1 1.09mi
9420 Ivy Brook Run Fort Myers, FL 2.0 2.5 1415 $1,700 $1.20 25d 1 1.13mi
9232 Aviano Dr Unit Amazing Aviano Fort Myers, FL 3.0 2.0 1772 $5,500 $3.10 25d 1 1.14mi
10111 Colonial Country Club Blvd #2308 Fort Myers, FL 2.0 2.0 1309 $2,000 $1.53 14d 1 1.14mi
12010 Rock Brook Run #1704 Fort Myers, FL 2.0 2.5 1410 $1,750 $1.24 23d 1 1.15mi
9217 Aviano Dr Fort Myers, FL 2.0 2.0 1227 $2,500 $2.04 13d 1 1.16mi
11225 Lithgow Ln Fort Myers, FL 2.0 2.0 2153 $8,000 $3.72 25d 1 1.16mi
10020 Horse Creek Rd Fort Myers, FL 2.0 2.0 1692 $2,500 $1.48 25d 1 1.18mi
9209 Aviano Dr Fort Myers, FL 2.0 2.0 1355 $5,600 $4.13 16d 1 1.18mi

HOA detail condo

Monthly dues
$606 · $7,272/yr
Likely covers
waterpool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 11 events

  1. 2026-05-04
    status Pending
  2. 2026-03-20
    price $364,900
  3. 2026-02-26
    price $369,000
  4. 2026-01-26
    listed $379,000 Active
  5. 2019-04-17
    soldstatus $275,000
  6. 2019-04-15
    soldstatus $275,000 Sold 1227-char remark
    Show marketing remark (1227 chars)

    This exquisitely appointed home personifies the meaning of FIT & FINISH! located in The Materita neighborhood this home is situated with a southern exposure on a gorgeous 3-acre lake spanning over 400 feet of open water. Enjoy morning coffee and evening dining from the extended lanai in quiet solitude or hosting a get together with friends & family. The open design of this WCI built Areca with extended great room is spacious, full of natural light and the only owners of this well cared for home have made it super easy to maintain. Neutral medium wood cabinets w/ granite counter tops, SS Whirlpool appliances, 18" tile in main living areas & flex room, volume ceilings w/ crown molding, easy to use Storm Smart accordion shutters and solar powered lanai hurricane screen. To learn more about Pelican Preserve view our short video to see the exceptional lifestyle found only in this community! Just outside the gates you are close to major shopping, local dining, medical & entertainment. Plus the international airport is a short 15 minute drive making it easy to spend more time being here not getting there! BE SURE TO VIEW THE INTERACTIVE 3D TOUR TO FULLY APPRECIATE THIS SPECTACULAR HOME.

  7. 2019-03-26
    status Pending 1227-char remark
    Show marketing remark (1227 chars)

    This exquisitely appointed home personifies the meaning of FIT & FINISH! located in The Materita neighborhood this home is situated with a southern exposure on a gorgeous 3-acre lake spanning over 400 feet of open water. Enjoy morning coffee and evening dining from the extended lanai in quiet solitude or hosting a get together with friends & family. The open design of this WCI built Areca with extended great room is spacious, full of natural light and the only owners of this well cared for home have made it super easy to maintain. Neutral medium wood cabinets w/ granite counter tops, SS Whirlpool appliances, 18" tile in main living areas & flex room, volume ceilings w/ crown molding, easy to use Storm Smart accordion shutters and solar powered lanai hurricane screen. To learn more about Pelican Preserve view our short video to see the exceptional lifestyle found only in this community! Just outside the gates you are close to major shopping, local dining, medical & entertainment. Plus the international airport is a short 15 minute drive making it easy to spend more time being here not getting there! BE SURE TO VIEW THE INTERACTIVE 3D TOUR TO FULLY APPRECIATE THIS SPECTACULAR HOME.

  8. 2019-03-11
    status Pending With Contingencies 1227-char remark
    Show marketing remark (1227 chars)

    This exquisitely appointed home personifies the meaning of FIT & FINISH! located in The Materita neighborhood this home is situated with a southern exposure on a gorgeous 3-acre lake spanning over 400 feet of open water. Enjoy morning coffee and evening dining from the extended lanai in quiet solitude or hosting a get together with friends & family. The open design of this WCI built Areca with extended great room is spacious, full of natural light and the only owners of this well cared for home have made it super easy to maintain. Neutral medium wood cabinets w/ granite counter tops, SS Whirlpool appliances, 18" tile in main living areas & flex room, volume ceilings w/ crown molding, easy to use Storm Smart accordion shutters and solar powered lanai hurricane screen. To learn more about Pelican Preserve view our short video to see the exceptional lifestyle found only in this community! Just outside the gates you are close to major shopping, local dining, medical & entertainment. Plus the international airport is a short 15 minute drive making it easy to spend more time being here not getting there! BE SURE TO VIEW THE INTERACTIVE 3D TOUR TO FULLY APPRECIATE THIS SPECTACULAR HOME.

  9. 2019-02-27
    price $274,500 1227-char remark
    Show marketing remark (1227 chars)

    This exquisitely appointed home personifies the meaning of FIT & FINISH! located in The Materita neighborhood this home is situated with a southern exposure on a gorgeous 3-acre lake spanning over 400 feet of open water. Enjoy morning coffee and evening dining from the extended lanai in quiet solitude or hosting a get together with friends & family. The open design of this WCI built Areca with extended great room is spacious, full of natural light and the only owners of this well cared for home have made it super easy to maintain. Neutral medium wood cabinets w/ granite counter tops, SS Whirlpool appliances, 18" tile in main living areas & flex room, volume ceilings w/ crown molding, easy to use Storm Smart accordion shutters and solar powered lanai hurricane screen. To learn more about Pelican Preserve view our short video to see the exceptional lifestyle found only in this community! Just outside the gates you are close to major shopping, local dining, medical & entertainment. Plus the international airport is a short 15 minute drive making it easy to spend more time being here not getting there! BE SURE TO VIEW THE INTERACTIVE 3D TOUR TO FULLY APPRECIATE THIS SPECTACULAR HOME.

  10. 2019-02-03
    price $278,500 1227-char remark
    Show marketing remark (1227 chars)

    This exquisitely appointed home personifies the meaning of FIT & FINISH! located in The Materita neighborhood this home is situated with a southern exposure on a gorgeous 3-acre lake spanning over 400 feet of open water. Enjoy morning coffee and evening dining from the extended lanai in quiet solitude or hosting a get together with friends & family. The open design of this WCI built Areca with extended great room is spacious, full of natural light and the only owners of this well cared for home have made it super easy to maintain. Neutral medium wood cabinets w/ granite counter tops, SS Whirlpool appliances, 18" tile in main living areas & flex room, volume ceilings w/ crown molding, easy to use Storm Smart accordion shutters and solar powered lanai hurricane screen. To learn more about Pelican Preserve view our short video to see the exceptional lifestyle found only in this community! Just outside the gates you are close to major shopping, local dining, medical & entertainment. Plus the international airport is a short 15 minute drive making it easy to spend more time being here not getting there! BE SURE TO VIEW THE INTERACTIVE 3D TOUR TO FULLY APPRECIATE THIS SPECTACULAR HOME.

  11. 2018-12-28
    listed $284,000 Active 1227-char remark
    Show marketing remark (1227 chars)

    This exquisitely appointed home personifies the meaning of FIT & FINISH! located in The Materita neighborhood this home is situated with a southern exposure on a gorgeous 3-acre lake spanning over 400 feet of open water. Enjoy morning coffee and evening dining from the extended lanai in quiet solitude or hosting a get together with friends & family. The open design of this WCI built Areca with extended great room is spacious, full of natural light and the only owners of this well cared for home have made it super easy to maintain. Neutral medium wood cabinets w/ granite counter tops, SS Whirlpool appliances, 18" tile in main living areas & flex room, volume ceilings w/ crown molding, easy to use Storm Smart accordion shutters and solar powered lanai hurricane screen. To learn more about Pelican Preserve view our short video to see the exceptional lifestyle found only in this community! Just outside the gates you are close to major shopping, local dining, medical & entertainment. Plus the international airport is a short 15 minute drive making it easy to spend more time being here not getting there! BE SURE TO VIEW THE INTERACTIVE 3D TOUR TO FULLY APPRECIATE THIS SPECTACULAR HOME.

ⓘ 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
$7,497 · $625/mo
Projected year-2 tax
$7,497 · $625/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 4/10 Moderate
  • 🌡 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

Loading nearby amenities…

Taxation est. · year 1

Rental income
$58,976
− Mortgage interest
−$20,440
− Property taxes
−$7,497
− Insurance
−$1,824
− Repairs & maintenance
−$4,718
− Management
−$4,718
− HOA
−$7,272
− Depreciation
−$10,615
Taxable income
$1,891
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$454
After-tax cash flow
$6,581/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 — Fort Myers

Score
86/100
State rank
#14
US rank
#383

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Fort Myers, FL
County
Lee County · 788,662 people
City population
278,598
Metro
Cape Coral-Fort Myers, FL
Population (ZIP)
31,538
Household income
$110,373
Rent vs Own
9.5% rent · 90.5% own
Severe rent burden
276.0

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
Predominantly White (74%)
Race & ethnicity
White 74% Hispanic / Latino 13% Two or more races 11% Black 5% Asian 2%
Hispanic origin (detail)
Mexican 3% Puerto Rican 3% Cuban 2%
Common ancestry
Romanian 5% Lithuanian 3% Slovak 2%
Foreign-born
14% · Canada, Vietnam, China
Languages at home
84% English-only · Spanish 10% Other Indo-European 2% French/Haitian/Cajun 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
▼ -25.45%
Current HPI
221.7115
Rent YoY
▲ 0.37%
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

Price history

+28.5% since first listed
11 events — show timeline
  • 2026-05-04 Pending FORTMLS
  • 2026-03-20 Price Changed $364,900 FORTMLS
  • 2026-02-26 Price Changed $369,000 FORTMLS
  • 2026-01-26 Listed $379,000 FORTMLS
  • 2019-04-17 Sold (Public Records) $275,000 Public Records
  • 2019-04-15 Sold (MLS) $275,000 FORTMLS
  • 2019-03-26 Pending FORTMLS
  • 2019-03-11 Pending FORTMLS
  • 2019-02-27 Price Changed $274,500 FORTMLS
  • 2019-02-03 Price Changed $278,500 FORTMLS
  • 2018-12-28 Listed $284,000 FORTMLS

Property tax history

+14.8%/yr

Latest (2025): $7,497 · -7.2% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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