9575 Hemingway Ln #4401 · Fort Myers, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- AE
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $1,737 – $8,500
Fire risk 4/10 · 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
- 29 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 +30.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Schools +4.3/10.0
- Livability +4.3/5.0
- Condition / age +3.8/5.0
- Rent growth +2.6/5.0
- Appreciation +0.0/10.0
$225,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Prestigious Colonial Country Club! Resort style living at its finest in this highly sought after 2 br/den, 2 ba, END UNIT, FIRST FLOOR CONDO. TURNKEY with Exclusions. The lanai is a tropical oasis with preserve view with privacy. Beautiful flooring thru out. Well maintained and well appointed coastal decorating. Both Master and Guest BR have large walk-in closets. Carport with spacious storage closet. Enjoy morning coffee or perhaps take a nap and later enjoy an evening cocktail on the lanai which is a tropical oasis with preserve view and privacy. The pay as you play Gordon Lewis designed golf course is a golfer's dream, fun to play and challenging to the most skilled golfer. Social membership includes fitness center, clubhouse, restaurant with fabulous sports bar, 7 pools, tennis, golf, pickle ball, bocci and more! Centrally located in Colonial Country Club, you're close to all the amenities. Colonial is a vibrant, active and friendly community. Convenient to all SWFL world class beaches, RSW, medical facilities, spring training stadiums, shopping, dining establishments, Manatee Park and so much more!! Come live the SWFL lifestyle and make your dream a reality in Paradise TODAY!
Key facts
- Recent upgrades
- First floor end unit
- Screened-in lanai
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $225k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $771 ($9k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($5k rent vs $225k).
- Recommended offer: $198k (12.0% below list) — sets the bar for market timing.
- Cap rate 12.7% vs local median 2.8% 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; 1081 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 119d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 88% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
- At $4,636/mo this rent would consume 50% of the median local household income ($110k/yr) — 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 $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 190 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 3y ago; this cycle's ask has dropped $39k (15%) 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→29/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 190 days. Have you received any prior offers? Is the seller open to a 12% 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.
- 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
- 2.06% ✓
- Cap rate
- 12.68%
- Cash-on-cash
- 22.82%
- DSCR
- 2.02
- GRM
- 4.0
CMA / ARV
- ARV (median comp)
- $311,169
- List price
- $225,000
- Delta
- -27.69%
- 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 |
|---|---|---|---|---|---|---|---|
| 9653 Hemingway Ln #3310 | 0.39mi | 2/2.0 | 1,422 (0%) | 0mo | $210,000 | $148 | 82 |
| 10032 Oakhurst Way | 0.43mi | 2/2.0 | 1,515 (+6%) | 0mo | $460,000 | $304 | 68 |
| 10017 Majestic Ave | 0.23mi | 2/2.0 | 1,692 (+19%) | 1mo | $375,000 | $222 | 64 |
| 10053 Oakhurst Way | 0.52mi | 3/2.0 (+1) | 1,505 (+6%) | 1mo | $430,000 | $286 | 60 |
| 10083 Oakhurst Way | 0.59mi | 3/2.0 (+1) | 1,505 (+6%) | 0mo | $455,000 | $302 | 58 |
| 10125 Colonial Country Club Blvd #1701 | 0.72mi | 2/2.0 | 1,331 (-6%) | 1mo | $217,000 | $163 | 55 |
| 8169 Pacific Beach Dr | 1.40mi | 3/2.5 (+1) | 1,452 (+2%) | 0mo | $240,000 | $165 | 54 |
| 10530 Amiata Way #405 | 0.61mi | 2/2.0 | 1,245 (-12%) | 0mo | $220,000 | $177 | 50 |
| 11104 Yellow Poplar Dr | 0.91mi | 3/2.0 (+1) | 1,283 (-10%) | 0mo | $300,000 | $234 | 44 |
| 10751 Palazzo Way #102 | 1.21mi | 2/2.0 | 1,242 (-13%) | 1mo | $245,000 | $197 | 43 |
| 10581 Avila Cir | 0.81mi | 2/2.0 | 1,696 (+19%) | 0mo | $330,000 | $195 | 40 |
| 10053 Poppy Hill Dr | 1.41mi | 2/2.5 | 1,132 (-20%) | 1mo | $200,000 | $177 | 37 |
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 · 0.37% rent growth · sell at horizon
- IRR
- 0.7%
- Equity multiple
- 1.03×
- Total profit
- $1,603
- Equity at exit
- $33,548
- IRR
- 5.7%
- Equity multiple
- 1.35×
- Total profit
- $21,738
- Equity at exit
- $19,454
Cash invested: $63,000 (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
- 6 active · 5 under contract
- Median asking
- $277,450 ($205/sqft)
- Median days on market
- 146 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- +7.0% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33913
- Home prices YoY
- -10.3%
- Rents YoY
- 0.4%
- Active inventory
- 1081
- Price-to-rent
- 4.0×
Monthly cashflow live
- Estimated rent
- $4,636 high interval (Pro) →
- Mortgage (P&I)
- −$1,180
- Tax from tax record
- −$364 /mo · $4,365/yr
- Insurance
- −$94
- Flood insurance flood zone
- −$427 /mo · $5,118/yr
- HOA
- −$827
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$974
- Net cashflow
- $771
Break-even live
Sensitivity live
| Price | -10% $899 | -5% $835 | +0% $771 | +5% $708 | +10% $644 |
|---|---|---|---|---|---|
| Rent | -10% $405 | -5% $588 | +0% $771 | +5% $954 | +10% $1,138 |
| Rate | -1.0pp $885 | -0.5pp $829 | base $771 | +0.5pp $713 | +1.0pp $654 |
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
- $56,250
- Closing costs
- $6,750
- 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 |
|---|---|---|---|---|---|---|---|---|
| 9582 Hemingway Ln #3402 Fort Myers, FL | 2.0 | 2.0 | 1382 | $5,500 | $3.98 | 119d | 1 | 0.07mi |
| 9582 Hemingway Ln #3403 Fort Myers, FL | 2.0 | 2.0 | 1385 | $5,400 | $3.90 | 110d | 1 | 0.07mi |
| 9582 Hemingway Ln #3403 Fort Myers, FL | 2.0 | 2.0 | 1385 | $5,400 | $3.90 | 119d | 1 | 0.07mi |
| 10006 Sky View Way #203 Fort Myers, FL | 3.0 | 2.0 | 1456 | $2,700 | $1.85 | 92d | 1 | 0.15mi |
| 9918 Horse Creek Rd Fort Myers, FL | 3.0 | 2.0 | 1510 | $2,200 | $1.46 | 119d | 1 | 0.29mi |
| 9639 Hemingway Ln #3505 Fort Myers, FL | 2.0 | 2.0 | 1234 | $4,800 | $3.89 | 119d | 1 | 0.30mi |
| 10053 Majestic Ave Fort Myers, FL | 2.0 | 2.0 | 1692 | $7,400 | $4.37 | 119d | 1 | 0.32mi |
| 10053 Majestic Ave Fort Myers, FL | 2.0 | 2.0 | 1692 | $7,400 | $4.37 | 7d | 1 | 0.32mi |
| 10063 Majestic Ave Fort Myers, FL | 2.0 | 2.0 | 1692 | $7,100 | $4.20 | 119d | 1 | 0.36mi |
| 11041 Iron Horse Way Fort Myers, FL | 2.0 | 2.0 | 1692 | $4,000 | $2.36 | 119d | 1 | 0.38mi |
| 9661 Hemingway Ln #3207 Fort Myers, FL | 2.0 | 2.0 | 1300 | $3,900 | $3.00 | 98d | 1 | 0.40mi |
| 10018 Oakhurst Way Fort Myers, FL | 3.0 | 2.0 | 1512 | $2,975 | $1.97 | 119d | 1 | 0.40mi |
| 9667 Hemingway Ln Unit 3107 Fort Myers, FL | 2.0 | 2.0 | 1209 | $4,900 | $4.05 | 119d | 1 | 0.44mi |
| 10025 Oakhurst Way Fort Myers, FL | 2.0 | 2.0 | 1504 | $7,100 | $4.72 | 119d | 1 | 0.45mi |
| 10025 Oakhurst Way Fort Myers, FL | 2.0 | 2.0 | 1504 | $7,200 | $4.79 | 65d | 1 | 0.45mi |
| 10020 Horse Creek Rd Fort Myers, FL | 2.0 | 2.0 | 1692 | $2,500 | $1.48 | 119d | 1 | 0.47mi |
| 11031 Mill Creek Way #306 Fort Myers, FL | 2.0 | 2.0 | 1385 | $5,600 | $4.04 | 65d | 1 | 0.51mi |
| 11029 Mill Creek Way #405 Fort Myers, FL | 2.0 | 2.0 | 1749 | $2,500 | $1.43 | 65d | 1 | 0.51mi |
| 11029 Mill Creek Way #405 Fort Myers, FL | 2.0 | 2.0 | 1749 | $2,500 | $1.43 | 119d | 1 | 0.51mi |
| 11033 Mill Creek Way #202 Fort Myers, FL | 2.0 | 2.0 | 1379 | $5,400 | $3.92 | 119d | 1 | 0.52mi |
| 10514 Bella Vista Dr Fort Myers, FL | 3.0 | 2.0 | 1823 | $6,500 | $3.57 | 119d | 1 | 0.52mi |
| 10514 Bella Vista Dr Fort Myers, FL | 3.0 | 2.0 | 1823 | $5,500 | $3.02 | 9d | 1 | 0.52mi |
| 10510 Amiata Way #302 Fort Myers, FL | 2.0 | 2.0 | 1245 | $4,900 | $3.94 | 119d | 1 | 0.54mi |
| 10520 Amiata Way #303 Fort Myers, FL | 2.0 | 2.0 | 1248 | $2,000 | $1.60 | 4d | 1 | 0.58mi |
| 10112 Colonial Country Club Blvd #209 Fort Myers, FL | 2.0 | 2.0 | 1530 | $5,000 | $3.27 | 119d | 1 | 0.58mi |
| 10111 Colonial Country Club Blvd #2308 Fort Myers, FL | 2.0 | 2.0 | 1309 | $2,000 | $1.53 | 107d | 1 | 0.58mi |
| 10541 Diamante Way Fort Myers, FL | 2.0 | 2.0 | 1170 | $5,500 | $4.70 | 87d | 1 | 0.61mi |
| 10530 Amiata Way #103 Fort Myers, FL | 2.0 | 2.0 | 1248 | $2,200 | $1.76 | 119d | 1 | 0.62mi |
| 10530 Amiata Way Fort Myers, FL | 2.0 | 2.0 | 1248 | $4,000 | $3.21 | 9d | 1 | 0.62mi |
| 10115 Colonial Country Club Blvd #2108 Fort Myers, FL | 2.0 | 2.0 | 1309 | $2,900 | $2.22 | 65d | 1 | 0.63mi |
| 10072 Oakhurst Way Fort Myers, FL | 2.0 | 2.0 | 1511 | $7,400 | $4.90 | 119d | 1 | 0.64mi |
| 10074 Oakhurst Way Fort Myers, FL | 3.0 | 2.0 | 1727 | $7,500 | $4.34 | 119d | 1 | 0.64mi |
| 10092 Oakhurst Way Fort Myers, FL | 2.0 | 2.0 | 1505 | $6,700 | $4.45 | 114d | 1 | 0.65mi |
| 10128 Colonial Country Club Blvd #602 Fort Myers, FL | 2.0 | 2.0 | 1530 | $4,600 | $3.01 | 119d | 1 | 0.66mi |
| 10130 Colonial Country Club Blvd #707 Fort Myers, FL | 2.0 | 2.0 | 1116 | $4,900 | $4.39 | 119d | 1 | 0.67mi |
| 11011 Mill Creek Way #1306 Fort Myers, FL | 2.0 | 2.0 | 1385 | $5,600 | $4.04 | 76d | 1 | 0.67mi |
| 11011 Mill Creek Way #1307 Fort Myers, FL | 2.0 | 2.0 | 1379 | $5,000 | $3.63 | 119d | 1 | 0.67mi |
| 10121 Colonial Country Club Blvd #1802 Fort Myers, FL | 2.0 | 2.0 | 1530 | $4,800 | $3.14 | 98d | 1 | 0.68mi |
| 11012 Mill Creek Way #2205 Fort Myers, FL | 2.0 | 2.0 | 1749 | $5,500 | $3.14 | 119d | 1 | 0.68mi |
| 10125 Colonial Country Club Blvd Fort Myers, FL | 2.0 | 2.0 | 1116 | $2,800 | $2.51 | 9d | 1 | 0.69mi |
Property features AI
Finance
- Other
- Located in the Colonial Country Club development (The Preserve sub-condo)Zoning: PUDLot described as regular with deeded restrictions (No RV)
- Financial info
- Total annual recurring fees listed
- HOA & community
- Mandatory HOAMaster HOA fee paid annuallyCondo fee paid quarterlyCondo managementHOA maintenance covers cable, golf course, irrigation water, lawn/land maintenance, legal/accounting, manager, exterior pest control, sewer, street lights, street maintenance, trash removal and waterCommunity is gated and golf-course orientedCommunity amenities include business center, community pool, community room, golf course, internet access, library, pickleball, putting green, restaurant, shuffleboard, sidewalk, streetlight, tennis court and underground utilitiesGolf bundled community
Exterior
- Parking
- Detached carport (1 space)
- Utilities
- Central waterCentral sewerCable available
- Home design
- Residential propertyLow-rise (1-3) traditional designRear exposure facing southeast
- Construction
- Built in 2005Concrete block constructionStucco exteriorTile roof
- Exterior features
- Automatic sprinkler systemScreened lanai/porchShutters (manual)
Interior
- Kitchen
- Electric cooktopDishwasherMicrowaveRefrigerator/FreezerEat-in kitchenDining area in living room
- Bedrooms
- 2 bedrooms plus a den
- Flooring
- CarpetTile
- Bathrooms
- 2 full bathroomsMaster bathroom with shower only
- Heating & cooling
- Central electric heatCentral electric air conditioningCeiling fans
- Interior features
- Custom mirrorsHigh-speed internet availableSmoke detectorsWalk-in closetSplit bedroom floor planTurnkey (furnished)
- Laundry & utility
- Washer and dryer in residence
HOA detail $827/mo · $9,924/yr condo
- Likely covers
- poolgym
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-23days on market $225,000 Active 190 DOM
-
2026-09-22days on market $225,000 Active 189 DOM
-
2026-09-21days on market $225,000 Active 188 DOM
-
2026-09-17days on market $225,000 Active 184 DOM
-
2026-09-14days on market $225,000 Active 181 DOM
-
2026-09-13days on market $225,000 Active 180 DOM
-
2026-09-13days on market $225,000 Active 179 DOM
-
2026-09-11days on market $225,000 Active 178 DOM
-
2026-09-05days on market $225,000 Active 172 DOM
-
2026-09-04days on market $225,000 Active 171 DOM
-
2026-09-03days on market $225,000 Active 170 DOM
-
2026-08-31days on market $225,000 Active 167 DOM
-
2026-08-28days on market $225,000 Active 164 DOM
-
2026-08-26days on market $225,000 Active 162 DOM
-
2026-08-24days on market $225,000 Active 160 DOM
-
2026-08-23days on market $225,000 Active 159 DOM
-
2026-08-21days on market $225,000 Active 157 DOM
-
2026-08-20days on market $225,000 Active 156 DOM
-
2026-08-19days on market $225,000 Active 155 DOM
-
2026-08-18days on market $225,000 Active 154 DOM
-
2026-08-16days on market $225,000 Active 152 DOM
-
2026-08-15days on market $225,000 Active 151 DOM
-
2026-08-13days on market $225,000 Active 149 DOM
-
2026-08-12days on market $225,000 Active 148 DOM
-
2026-08-11days on market $225,000 Active 147 DOM
-
2026-08-10days on market $225,000 Active 146 DOM
-
2026-08-09days on market $225,000 Active 145 DOM
-
2026-08-07days on market $225,000 Active 143 DOM
-
2026-08-06days on market $225,000 Active 142 DOM
-
2026-08-05days on market $225,000 Active 141 DOM
-
2026-08-04days on market $225,000 Active 140 DOM
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2026-07-30days on market $225,000 Active 134 DOM
-
2026-07-28days on market $225,000 Active 133 DOM
-
2026-07-26days on market $225,000 Active 131 DOM
-
2026-07-24days on market $225,000 Active 129 DOM
-
2026-07-23days on market $225,000 Active 128 DOM
-
2026-07-22days on market $225,000 Active 127 DOM
-
2026-07-21days on market $225,000 Active 126 DOM
-
2026-07-18days on market $225,000 Active 123 DOM
-
2026-07-18days on market $225,000 Active 122 DOM
-
2026-07-16days on market $225,000 Active 121 DOM
-
2026-07-15days on market $225,000 Active 120 DOM
-
2026-07-14days on market $225,000 Active 119 DOM
-
2026-07-13days on market $225,000 Active 118 DOM
-
2026-07-13days on market $225,000 Active 117 DOM
-
2026-07-12days on market $225,000 Active 116 DOM
-
2026-07-10days on market $225,000 Active 115 DOM
-
2026-07-09days on market $225,000 Active 114 DOM
-
2026-07-07days on market $225,000 Active 112 DOM
-
2026-07-06days on market $225,000 Active 111 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
- $4,365 · $364/mo
- Projected year-2 tax
- $4,365 · $364/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 AE · 0% chance over 30 yrs
- Wildfire 4/10 Moderate
- Heat 10/10 Extreme 7 d/yr ≥107°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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $55,629
- − Mortgage interest
- −$12,603
- − Property taxes
- −$4,365
- − Insurance
- −$6,244
- − Repairs & maintenance
- −$4,450
- − Management
- −$4,450
- − HOA
- −$9,924
- − Depreciation
- −$6,545
- Taxable income
- $7,047
- Est. tax owed @ 24.0%
- −$1,691
- After-tax cash flow
- $7,564/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
This turnkey condo is in good condition with recent upgrades, offering a peaceful and private setting in a desirable location.
Components & finishes AI
Value-add opportunities
- Both Painting the exterior — Fresh paint can enhance curb appeal and value ↑
- Both Landscaping improvements — Enhances curb appeal and can attract more buyers ↑
- Both New flooring in the living area — Fresh flooring can make the space more inviting and increase value ↑
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
- Census place
- Fort Myers, FL
- County
- Lee County · 871,946 people
- City population
- 278,598
- Metro
- Cape Coral-Fort Myers, FL
- Population (ZIP)
- 31,538
- Household income
- $110,373
- Rent vs Own
- Severe rent burden
- 13% 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 (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 |
|---|---|---|
| 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
-32.8% since first listed14 events — show timeline
- 2026-05-25 Pending — BEARMLS
- 2026-04-18 Price Changed $225,000 BEARMLS
- 2026-04-02 Price Changed $259,000 BEARMLS
- 2026-03-07 Listed $264,000 BEARMLS
- 2025-02-01 Rental Removed $2,000 NAPLESMLS
- 2025-01-30 Listed for Rent $2,000 NAPLESMLS
- 2024-10-31 Listing Removed — FORTMLS
- 2024-10-22 Rental Removed $2,000 FORTMLS
- 2024-07-31 Listed for Rent $2,000 FORTMLS
- 2024-05-28 Listed $315,000 FORTMLS
- 2023-03-10 Sold (Public Records) $325,000 Public Records
- 2023-03-09 Sold (MLS) $325,000 BEARMLS
- 2023-02-19 Pending — BEARMLS
- 2023-01-28 Listed $335,000 BEARMLS
Property tax history
+2.9%/yrLatest (2025): $4,365 · -12.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…