201 Mcgregor Park Cir #201 · Fort Myers, 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 3/10 · Minor
- 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 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).
- Cash flow +10.2/30.0
- ARV discount +7.5/15.0
- 1% rule +6.5/10.0
- Schools +4.7/10.0
- Livability +4.3/5.0
- Condition / age +4.0/5.0
- DSCR +2.9/10.0
- Rent growth +2.2/5.0
- Appreciation +0.0/10.0
$239,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
THE ONLY END UNIT CURRENTLY AVAILABLE IN McGREGOR PARK! Enjoy beautiful lake views from this ground-level 3-bedroom, 2-bath condominium with attached 2-car garage. Ideally located just off Historic McGregor Boulevard, this well-maintained residence features southern exposure, abundant natural light, a desirable split-bedroom floor plan, tile flooring throughout, and impact windows in the kitchen and living room. McGregor Park is a quiet, low-density community of 100 residences, conveniently located near Sanibel Island, Captiva Island, and Fort Myers Beach. Community amenities include a pool, spa, and three pickleball courts.
Key facts
- Long lake views
- Community amenities
- Tile flooring
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath condo listed at $240k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-564 ($-7k/yr) — negative.
- To cash-flow at today's rent, offer at most $158k (34.0% below list).
- Meets the 1% rule at list price ($3k rent vs $240k).
- Recommended offer: $158k (34.0% below list) — sets the bar for cash-flow.
- Cap rate 5.6% vs local median 2.7% 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: Heights Elementary School (math 74% / reading 67%, grade A-, #333 of 2,144 statewide, top 16%, 1,109 students, 38% FRL); Lexington Middle School (math 55% / reading 54%, grade B-, #183 of 571 statewide, top 34%, 1,138 students, 44% FRL); South Fort Myers High School (math 23% / reading 30%, grade F, #489 of 667 statewide, top 74%, 1,917 students, 50% FRL).
- Market conditions: Rents soft (-1.2%/yr); 1787 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 53d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
- This rent runs 44% of the median local income ($75k/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 $7k 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 200 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
Risks & watch-outs
- Watch-outs: flood insurance adds $427/mo; HOA is 24% of rent.
- 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
- 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 200 days. Have you received any prior offers? Is the seller open to a 34% concession, seller financing, or rate buy-down credit?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- 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.
- 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
- 1.15% ✓
- Cap rate
- 5.60%
- Cash-on-cash
- -2.46%
- DSCR
- 0.89
- GRM
- 7.2
CMA / ARV
- ARV (median comp)
- $488,136
- List price
- $239,900
- Delta
- -50.85%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 11424 Osprey Landing Way | 0.69mi | 2/2.0 (-1) | 1,608 (-2%) | 1mo | $565,000 | $351 | 59 |
| 11110 Harbour Yacht Ct Unit 33B | 0.25mi | 2/2.0 (-1) | 1,402 (-14%) | 1mo | $350,000 | $250 | 59 |
| 10041 Lake Cove Dr #202 | 0.97mi | 3/2.0 | 1,564 (-4%) | 0mo | $235,000 | $150 | 58 |
| 15233 Cape Sable Ln | 1.37mi | 3/2.0 | 1,775 (+8%) | 1mo | $370,000 | $208 | 50 |
| 24 Red Poinciana Dr | 1.42mi | 3/2.0 | 1,798 (+10%) | 1mo | $205,000 | $114 | 48 |
| 14581 Grande Cay Cir #3307 | 1.01mi | 3/2.0 | 1,854 (+13%) | 0mo | $350,000 | $189 | 43 |
| 11661 Navarro Way #1704 | 1.42mi | 3/2.0 | 1,336 (-18%) | 0mo | $230,000 | $172 | 40 |
| 10031 Lake Cove Dr #201 | 0.98mi | 3/2.0 | 1,369 (-16%) | 0mo | $213,000 | $156 | 40 |
| 11611 Navarro Way #2006 | 1.47mi | 3/2.0 | 1,336 (-18%) | 1mo | $273,000 | $204 | 39 |
| 9728 Gladiolus Bulb Loop | 1.13mi | 4/2.0 (+1) | 1,926 (+18%) | 0mo | $310,000 | $161 | 35 |
| 7062 W Brandywine Cir | 1.42mi | 2/2.0 (-1) | 1,926 (+18%) | 0mo | $167,500 | $87 | 35 |
| 14135 Mystic Seaport Way | 1.07mi | 2/2.0 (-1) | 1,286 (-21%) | 1mo | $220,000 | $171 | 34 |
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
- -40.7%
- Equity multiple
- -0.22×
- Total profit
- $-82,206
- Equity at exit
- $35,770
- IRR
- —
- Equity multiple
- -1.18×
- Total profit
- $-146,276
- Equity at exit
- $20,742
Cash invested: $67,172 (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
Active competition Active MLS
- For sale now
- 1 active · 5 under contract
- Median asking
- $495,000 ($281/sqft)
- Median days on market
- 450 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- +6.0% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33908
- Home prices YoY
- -32.8%
- Rents YoY
- -1.2%
- Active inventory
- 1787
- Price-to-rent
- 7.2×
Monthly cashflow live
- Estimated rent
- $2,763 high interval (Pro) →
- Mortgage (P&I)
- −$1,258
- Tax est. 1.5%
- −$300 /mo · $3,598/yr
- Insurance
- −$100
- Flood insurance flood zone
- −$427 /mo · $5,118/yr
- HOA
- −$663
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$580
- Net cashflow
- $-564
Break-even live
Sensitivity live
| Price | -10% $-399 | -5% $-481 | +0% $-564 | +5% $-647 | +10% $-730 |
|---|---|---|---|---|---|
| Rent | -10% $-783 | -5% $-674 | +0% $-564 | +5% $-455 | +10% $-346 |
| Rate | -1.0pp $-444 | -0.5pp $-503 | base $-564 | +0.5pp $-627 | +1.0pp $-690 |
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
- $59,975
- Closing costs
- $7,197
- 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 |
|---|---|---|---|---|---|---|---|---|
| 603 McGregor Park Cir Fort Myers, FL | 3.0 | 3.0 | 1345 | $2,250 | $1.67 | 1d | 1 | 0.05mi |
| 603 McGregor Park Cir Fort Myers, FL | 3.0 | 3.0 | 1345 | $2,250 | $1.67 | 164d | 1 | 0.05mi |
| 14952 Kimberly Ln Fort Myers, FL | 3.0 | 2.0 | 2228 | $2,998 | $1.35 | 10d | 1 | 0.20mi |
| 11065 Harbour Yacht Ct Unit 101 Fort Myers, FL | 2.0 | 2.0 | 1643 | $3,000 | $1.83 | 108d | 1 | 0.20mi |
| 11037 Harbour Yacht Ct #2 Fort Myers, FL | 3.0 | 2.0 | 1643 | $2,900 | $1.77 | 164d | 1 | 0.34mi |
| 14995 Rivers Edge Ct #151 Fort Myers, FL | 2.0 | 2.0 | 1128 | $2,200 | $1.95 | 10d | 1 | 0.38mi |
| 14995 Rivers Edge Ct #151 Fort Myers, FL | 2.0 | 2.0 | 1128 | $2,200 | $1.95 | 41d | 1 | 0.38mi |
| 10770 Clear Lake Loop Fort Myers, FL | 2.0–4.0 | 1.0–2.0 | 1108 | $1,599 | $1.44 | 6d | 13 | 0.40mi |
| 14977 Rivers Edge Ct #219 Fort Myers, FL | 2.0 | 2.0 | 1128 | $1,599 | $1.42 | 164d | 1 | 0.42mi |
| 14971 Rivers Edge Ct #101 Fort Myers, FL | 2.0 | 2.0 | 1273 | $2,000 | $1.57 | 164d | 1 | 0.44mi |
| 14320 Harbour Links Ct Unit 10A Fort Myers, FL | 3.0 | 2.0 | 1498 | $5,000 | $3.34 | 152d | 1 | 0.46mi |
| 14967 Rivers Edge Ct Unit B2 Fort Myers, FL | 2.0 | 2.0 | 1166 | $1,700 | $1.46 | 144d | 1 | 0.49mi |
| 15270 Ballast Point Dr Fort Myers, FL | 1.0–3.0 | 1.0–2.0 | 1094 | $1,799 | $1.64 | 2d | 1 | 0.51mi |
| 14543 Abaco Lakes Dr #202 Fort Myers, FL | 3.0 | 2.0 | 1508 | $4,250 | $2.82 | 123d | 1 | 0.53mi |
| 14543 Abaco Lakes Dr #202 Fort Myers, FL | 3.0 | 2.0 | 1508 | $4,500 | $2.98 | 34d | 1 | 0.53mi |
| 14543 Abaco Lakes Dr #202 Fort Myers, FL | 3.0 | 2.0 | 1508 | $3,900 | $2.59 | 7d | 1 | 0.53mi |
| 14543 Abaco Lakes Dr #202 Fort Myers, FL | 3.0 | 2.0 | 1508 | $4,250 | $2.82 | 164d | 1 | 0.53mi |
| 14543 Abaco Lakes Dr #202 Fort Myers, FL | 2.0 | 2.0 | 1529 | $3,900 | $2.55 | 6d | 1 | 0.53mi |
| 14873 Crescent Cove Dr Fort Myers, FL | 3.0 | 2.0 | 1134 | $3,500 | $3.09 | 164d | 1 | 0.55mi |
| 11270 Jacana Ct #2101 Fort Myers, FL | 3.0 | 2.0 | 1934 | $2,500 | $1.29 | 50d | 1 | 0.58mi |
| 11251 Jacana Ct #1908 Fort Myers, FL | 2.0 | 2.0 | 1934 | $4,500 | $2.33 | 164d | 1 | 0.60mi |
| 11251 Jacana Ct #1908 Fort Myers, FL | 2.0 | 2.0 | 1934 | $4,500 | $2.33 | 0d | 1 | 0.60mi |
| 11261 Jacana Ct #1802 Fort Myers, FL | 2.0 | 2.0 | 1555 | $3,000 | $1.93 | 10d | 1 | 0.60mi |
| 11261 Jacana Ct #1808 Fort Myers, FL | 3.0 | 2.0 | 1934 | $3,200 | $1.65 | 164d | 1 | 0.60mi |
| 10743 Robinson St Fort Myers, FL | 3.0 | 2.0 | 1216 | $1,900 | $1.56 | 10d | 1 | 0.61mi |
| 11271 Jacana Ct #1706 Fort Myers, FL | 2.0 | 2.0 | 1487 | $4,500 | $3.03 | 110d | 1 | 0.61mi |
| 14501 Abaco Lakes Dr #202 Fort Myers, FL | 2.0 | 2.0 | 1508 | $1,850 | $1.23 | 133d | 1 | 0.64mi |
| 11271 Tamarind Cay Ln #1608 Fort Myers, FL | 3.0 | 2.0 | 1934 | $2,800 | $1.45 | 164d | 1 | 0.69mi |
| 11271 Tamarind Cay Ln #1603 Fort Myers, FL | 3.0 | 2.0 | 1934 | $2,500 | $1.29 | 164d | 1 | 0.69mi |
| 11271 Tamarind Cay Ln Fort Myers, FL | 3.0 | 2.0 | 1934 | $3,000 | $1.55 | 10d | 1 | 0.69mi |
| 15037 Tamarind Cay Ct #1503 Fort Myers, FL | 3.0 | 2.0 | 1487 | $2,000 | $1.34 | 164d | 1 | 0.71mi |
| 15441 Bellamar Cir Fort Myers, FL | 3.0 | 2.0 | 1311 | $1,662 | $1.27 | 1d | 2 | 0.73mi |
| 15441 Bellamar Cir Fort Myers, FL | 3.0 | 2.0 | 1311 | $1,662 | $1.27 | 49d | 2 | 0.73mi |
| 15590 Ocean Walk Cir Fort Myers, FL | 1.0–3.0 | 1.0–2.0 | 1003 | $3,500 | $3.49 | 55d | 3 | 0.75mi |
| 15091 Tamarind Cay Ct #907 Fort Myers, FL | 2.0 | 2.0 | 1487 | $5,200 | $3.50 | 10d | 1 | 0.82mi |
| 15091 Tamarind Cay Ct #907 Fort Myers, FL | 2.0 | 2.0 | 1487 | $5,200 | $3.50 | 52d | 1 | 0.82mi |
| 15055 Tamarind Cay Ct #1205 Fort Myers, FL | 3.0 | 2.0 | 1760 | $2,700 | $1.53 | 10d | 1 | 0.82mi |
| 11400 Ocean Walk Ln Fort Myers, FL | 1.0–2.0 | 1.0–2.0 | 856 | $2,000 | $2.34 | 133d | 3 | 0.85mi |
| 11400 Ocean Walk Ln Fort Myers, FL | 1.0–2.0 | 1.0–2.0 | 856 | $1,800 | $2.10 | 38d | 3 | 0.85mi |
| 15625 Ocean Walk Cir Fort Myers, FL | 2.0–3.0 | 2.0 | 1134 | $4,300 | $3.79 | 47d | 2 | 0.86mi |
Property features AI
Finance
- Other
- Pets allowed with conditions (breed restrictions may apply)
- HOA & community
- Homeowners association with monthly feeMonthly association fee appliesHOA covers association management, insurance, irrigation water, legal/accounting, grounds maintenance, pest control, reserve fund, road maintenance and street lightsCommunity amenities include pool and pickleballCommunity is non-gated with street lightsCommunity contains about 100 units
Exterior
- Parking
- Attached 2-car garageDrivewayPaved parkingGarage with door opener2 covered parking spaces
- Utilities
- Public waterPublic sewerCable availableHigh-speed internet availableUnderground utilitiesIrrigation uses municipal and reclaimed water
- Home design
- Single-story homeEntry level: 1Faces northProperty is attached (has attached guest house)
- Construction
- Block, concrete and stucco constructionShingle roof
- Exterior features
- Sprinkler/irrigation system (automatic)Pond on lotCorner lotRectangular lotPrivate road frontagePaved roadSouth exposureHas view
Interior
- Kitchen
- DishwasherRangeMicrowaveRefrigeratorFreezerDisposal
- Bedrooms
- Primary bedroom on main levelAt least one bedroom on main level
- Flooring
- Tile flooring
- Bathrooms
- 2 full bathroomsDual sinksSeparate showerShower-only configuration in at least one bath
- Heating & cooling
- Central heating (electric)Central air conditioning (electric)Ceiling fans
- Interior features
- Vaulted ceilingsCable TVBreakfast barLiving/dining roomDual sinksSeparate showerShower onlyFurnished
- Laundry & utility
- Washer hookup insideDryer hookup insideWasherDryer
HOA detail $663/mo · $7,956/yr condo
- Likely covers
- pool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-11-08days on market $239,900 Active 200 DOM
-
2026-11-07days on market $239,900 Active 199 DOM
-
2026-11-06days on market $239,900 Active 198 DOM
-
2026-11-05days on market $239,900 Active 197 DOM
-
2026-11-04days on market $239,900 Active 196 DOM
-
2026-11-01days on market $239,900 Active 193 DOM
-
2026-10-31days on market $239,900 Active 192 DOM
-
2026-10-30days on market $239,900 Active 191 DOM
-
2026-10-29days on market $239,900 Active 190 DOM
-
2026-10-28days on market $239,900 Active 189 DOM
-
2026-10-27days on market $239,900 Active 188 DOM
-
2026-10-26days on market $239,900 Active 187 DOM
-
2026-10-26days on market $239,900 Active 186 DOM
-
2026-10-23days on market $239,900 Active 184 DOM
-
2026-10-22days on market $239,900 Active 183 DOM
-
2026-10-21days on market $239,900 Active 182 DOM
-
2026-10-20days on market $239,900 Active 181 DOM
-
2026-10-19days on market $239,900 Active 180 DOM
-
2026-10-18days on market $239,900 Active 179 DOM
-
2026-10-17days on market $239,900 Active 178 DOM
-
2026-10-16days on market $239,900 Active 177 DOM
-
2026-10-15days on market $239,900 Active 176 DOM
-
2026-10-14days on market $239,900 Active 175 DOM
-
2026-10-13days on market $239,900 Active 174 DOM
-
2026-10-12days on market $239,900 Active 173 DOM
-
2026-10-11days on market $239,900 Active 172 DOM
-
2026-10-10days on market $239,900 Active 171 DOM
-
2026-10-09days on market $239,900 Active 170 DOM
-
2026-10-08days on market $239,900 Active 169 DOM
-
2026-10-07days on market $239,900 Active 168 DOM
-
2026-10-06days on market $239,900 Active 167 DOM
-
2026-10-05days on market $239,900 Active 166 DOM
-
2026-10-05days on market $239,900 Active 165 DOM
-
2026-10-04days on market $239,900 Active 164 DOM
-
2026-10-01days on market $239,900 Active 162 DOM
-
2026-09-30days on market $239,900 Active 161 DOM
-
2026-09-29days on market $239,900 Active 160 DOM
-
2026-09-27days on market $239,900 Active 158 DOM
-
2026-09-25days on market $239,900 Active 156 DOM
-
2026-09-24days on market $239,900 Active 155 DOM
-
2026-09-23days on market $239,900 Active 154 DOM
-
2026-09-22days on market $239,900 Active 153 DOM
-
2026-09-21days on market $239,900 Active 152 DOM
-
2026-09-18days on market $239,900 Active 149 DOM
-
2026-09-17days on market $239,900 Active 148 DOM
-
2026-09-14days on market $239,900 Active 145 DOM
-
2026-09-13days on market $239,900 Active 144 DOM
-
2026-09-13days on market $239,900 Active 143 DOM
-
2026-09-11days on market $239,900 Active 142 DOM
-
2026-09-05days on market $239,900 Active 136 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 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
- Wildfire 3/10 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
- $33,161
- − Mortgage interest
- −$13,438
- − Property taxes
- −$3,598
- − Insurance
- −$6,318
- − Repairs & maintenance
- −$2,653
- − Management
- −$2,653
- − HOA
- −$7,956
- − Depreciation
- −$6,979
- Taxable loss
- −$10,435
- Est. tax savings @ 24.0%
- +$2,504
- After-tax cash flow
- $-4,268/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 · 12 photos
This well-maintained 3-bedroom, 2-bath residence is located in a quiet, established setting with a desirable split floor plan and an attached two-car garage. The home features tile flooring throughout and impact windows in the kitchen and living room. Recent improvements include new roofs (2024), and Federal Flood Insurance is included in the monthly association fees. The home is move-in ready and has a good condition score of 80.
Value-add opportunities
- Resale Paint exterior walls and siding — Fresh paint can enhance the curb appeal and make the home look more inviting. ↑
- Resale Replace impact windows — Impact windows are a safety feature and can increase the home's value. ↑
- Resale Update kitchen appliances — Upgrading the appliances can make the kitchen more appealing to potential buyers. ↑
- Resale Paint interior walls and trim — Fresh paint can make the interior look more inviting and modern. ↑
- Resale Replace flooring — Replacing the tile flooring with hardwood or laminate can increase the home's value. ↑
- Resale Replace countertops — Replacing the countertops with granite or quartz can increase the home's value. ↑
- Resale Replace light fixtures — Replacing outdated light fixtures with modern ones can make the home more appealing to potential buyers. ↑
- Rental Replace appliances — Upgrading the appliances can make the home more appealing to renters. ↑
- Rental Replace flooring — Replacing the tile flooring with hardwood or laminate can make the home more appealing to renters. ↑
- Rental Replace countertops — Replacing the countertops with granite or quartz can make the home more appealing to renters. ↑
- Rental Replace light fixtures — Replacing outdated light fixtures with modern ones can make the home more appealing to renters. ↑
ⓘ 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 — Fort Myers
- Score
- 86/100
- State rank
- #14
- US rank
- #383
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- County
- Lee County · 871,946 people
- City population
- 278,598
- Metro
- Cape Coral-Fort Myers, FL
- Population (ZIP)
- 37,423
- Household income
- $75,396
- Rent vs Own
- Severe rent burden
- 17% 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 (88%)
- Race & ethnicity
- White 88% Hispanic / Latino 6% Two or more races 5% Black 3% Asian 1%
- Hispanic origin (detail)
- Mexican 1% Puerto Rican 2%
- Languages at home
- 90% English-only · Spanish 4% Russian/Polish/Slavic 1% Other Indo-European 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
- ▼ -102.22%
- Current HPI
- 209.7595
- Rent YoY
- ▼ -1.18%
- 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
-4.0% since first listed2 events — show timeline
- 2026-06-15 Price Changed $239,900 FORTMLS
- 2026-04-22 Listed $249,900 FORTMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…