1114 Gerald Ave · Lehigh Acres, FL 33936

$135,000

3 bd · 2.0 ba · 1,081 sqft · SingleFamily public records · 334 Days on market

Built 1979 0.25 ac lot

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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 +25.8/30.0
• DSCR +8.7/10.0
• ARV discount +7.5/15.0
• 1% rule +7.2/10.0
• Schools +4.1/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

3-Bedroom, 2-Bathroom Opportunity – Lehigh Acres This 3-bedroom, 2-bathroom property in Lehigh Acres presents a great opportunity for homeowners or investors looking to add their personal touch. With a functional layout and solid potential, this home is a blank slate ready for updates and customization. Whether you're looking to renovate for yourself or as an investment, this is a chance to create value. Schedule your private showing today!

Key facts

• 0.25 acre lot
• Built 1979
• Listed 334 days

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: No association fee listed

Exterior

• Utilities: Public water; Public sewer; Cable not available
• Home design: Single-story home; Faces east; Resale property
• Construction: Vinyl siding; Shingle roof
• Exterior features: Rectangular lot; West exposure

Interior

• Kitchen: Eat-in kitchen
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central electric heating; Central electric cooling (central air)
• Interior features: Unfurnished; Eat-in kitchen; Tub with shower

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $329 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 4.7% in Lehigh Acres — 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 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+, schools D-.
• 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.
• Market conditions: Rents soft (-0.8%/yr); 641 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
• This rent runs 38% of the median local income ($51k/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 $933 of loan paydown is wiped out by about $4k 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 334 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $57k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 334 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.22% ✓
• Cap rate: 9.22%
• Cash-on-cash: 10.45%
• DSCR: 1.47
• GRM: 6.8

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: -4.2%
• Equity multiple: 0.85×
• Total profit: $-5,678
• Equity at exit: $20,129

10-year hold

• IRR: 1.6%
• Equity multiple: 1.10×
• Total profit: $3,618
• Equity at exit: $11,672

Cash invested: $37,800 (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 33936

• Home prices YoY: -19.9%
• Rents YoY: -0.8%
• Active inventory: 641
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,646 high
• Mortgage (P&I): −$708
• Tax from tax record: −$207 /mo · $2,478/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $329

Break-even live

Break-even rent $1,229

Max offer price $135,000

Occupancy floor 75%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1224 Hamilton Ave Lehigh Acres, FL	3.0	2.0	1347	$1,595	$1.18	16d	1	0.79mi
1221 E 12th St Lehigh Acres, FL	3.0	2.0	1217	$1,550	$1.27	23d	1	0.81mi
913 Canton Ave Lehigh Acres, FL	3.0	2.0	1180	$1,600	$1.36	21d	1	0.99mi
732 Joel Blvd Lehigh Acres, FL	2.0	2.0	788	$1,200	$1.52	23d	1	0.99mi
738 Joel Blvd Lehigh Acres, FL	2.0	2.0	968	$1,050	$1.08	23d	1	0.99mi
1004 E 10th St Lehigh Acres, FL	3.0	2.0	1406	$2,100	$1.49	10d	1	1.07mi
621 Joel Blvd Unit 102 Lehigh Acres, FL	2.0	2.0	1200	$1,300	$1.08	23d	1	1.19mi
704 Broadway Ave Unit 1 Lehigh Acres, FL	3.0	2.0	1197	$1,650	$1.38	16d	1	1.21mi
805 E 13th St Lehigh Acres, FL	3.0	2.0	1407	$1,795	$1.28	3d	1	1.24mi
3402 14th St W Lehigh Acres, FL	2.0	1.0	777	$1,350	$1.74	3d	1	1.24mi
1601 E 7th St Lehigh Acres, FL	3.0	2.0	1197	$1,650	$1.38	23d	1	1.24mi

Listing history 42 events

1. 2026-06-17
   days on market $135,000 Active 334 DOM
2. 2026-06-16
   days on market $135,000 Active 333 DOM
3. 2026-06-16
   days on market $135,000 Active 332 DOM
4. 2026-06-13
   days on market $135,000 Active 330 DOM
5. 2026-06-09
   days on market $135,000 Active 326 DOM
6. 2026-06-07
   days on market $135,000 Active 324 DOM
7. 2026-06-02
   days on market $135,000 Active 319 DOM
8. 2026-06-01
   days on market $135,000 Active 318 DOM
9. 2026-06-01
   days on market $135,000 Active 317 DOM
10. 2026-05-22
    price $135,000
11. 2026-04-24
    price $139,000
12. 2026-03-20
    price $142,000
13. 2026-02-27
    price $145,000
14. 2026-02-06
    price $148,000
15. 2026-01-27
    status Active
16. 2026-01-12
    status Pending
17. 2025-12-05
    price $151,000
18. 2025-11-07
    price $155,000
19. 2025-10-10
    price $160,000
20. 2025-09-26
    price $162,000
21. 2025-09-12
    price $167,000
22. 2025-08-29
    price $172,000
23. 2025-08-15
    price $175,000
24. 2025-07-31
    price $180,000
25. 2025-07-18
    price $186,000
26. 2025-07-03
    listed $192,000 Active
27. 2025-06-12
    historical $1,750
28. 2025-05-07
    listed $1,750
29. 2021-08-06
    soldstatus $2,580,160
30. 2015-03-02
    price $59,900
31. 2015-03-02
    price $154,900
32. 2015-03-02
    price $55,000
33. 2013-09-25
    soldstatus $45,800
34. 2013-09-18
    soldstatus $65,000
35. 2009-09-04
    soldstatus $22,500
36. 2009-08-21
    price $24,900
37. 2005-10-11
    soldstatus $164,000
38. 2005-08-23
    soldstatus $164,000
39. 2005-02-14
    soldstatus $72,200
40. 2001-05-08
    soldstatus $62,900
41. 2001-04-16
    soldstatus $62,900
42. 1998-04-08
    soldstatus $36,500

ⓘ 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: $2,478 · $207/mo
• Projected year-2 tax: $2,478 · $207/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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 28 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,747
• − Mortgage interest: −$7,562
• − Property taxes: −$2,478
• − Insurance: −$675
• − Repairs & maintenance: −$1,580
• − Management: −$1,580
• − Depreciation: −$3,927
• Taxable income: $1,945
• Est. tax owed @ 24.0%: −$467
• After-tax cash flow: $3,485/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): 27,967
• Household income: $51,417
• Rent vs Own: 27.8% rent · 72.2% own
• Severe rent burden: 1027.0

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 0.63)
• Race & ethnicity: Hispanic / Latino 44% White 41% Two or more races 21% Black 9% Asian 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 9% Cuban 18% Dominican 2%
• Common ancestry: Hispanic 3% Romanian 2% Lithuanian 1%
• Foreign-born: 28% · Canada, Jamaica
• Languages at home: 59% English-only · Spanish 36% French/Haitian/Cajun 3% Tagalog/Filipino 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: ▼ -86.78%
• Current HPI: 348.8631
• Rent YoY: ▼ -0.77%
• 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

+269.9% since first listed

33 events — show timeline

• 2026-05-22 Price Changed $135,000 FORTMLS
• 2026-04-24 Price Changed $139,000 FORTMLS
• 2026-03-20 Price Changed $142,000 FORTMLS
• 2026-02-27 Price Changed $145,000 FORTMLS
• 2026-02-06 Price Changed $148,000 FORTMLS
• 2026-01-27 Relisted — FORTMLS
• 2026-01-12 Pending — FORTMLS
• 2025-12-05 Price Changed $151,000 FORTMLS
• 2025-11-07 Price Changed $155,000 FORTMLS
• 2025-10-10 Price Changed $160,000 FORTMLS
• 2025-09-26 Price Changed $162,000 FORTMLS
• 2025-09-12 Price Changed $167,000 FORTMLS
• 2025-08-29 Price Changed $172,000 FORTMLS
• 2025-08-15 Price Changed $175,000 FORTMLS
• 2025-07-31 Price Changed $180,000 FORTMLS
• 2025-07-18 Price Changed $186,000 FORTMLS
• 2025-07-03 Listed $192,000 FORTMLS
• 2025-06-12 Rental Removed $1,750 RENTLY
• 2025-05-07 Listed for Rent $1,750 RENTLY
• 2021-08-06 Sold (Public Records) $2,580,160 Public Records
• 2015-03-02 Price Changed $59,900 FORTMLS
• 2015-03-02 Price Changed $154,900 FORTMLS
• 2015-03-02 Price Changed $55,000 FORTMLS
• 2013-09-25 Sold (Public Records) $45,800 Public Records
• 2013-09-18 Sold (MLS) $65,000 FORTMLS
• 2009-09-04 Sold (MLS) $22,500 FORTMLS
• 2009-08-21 Price Changed $24,900 FORTMLS
• 2005-10-11 Sold (Public Records) $164,000 Public Records
• 2005-08-23 Sold (MLS) $164,000 FORTMLS
• 2005-02-14 Sold (Public Records) $72,200 Public Records
• 2001-05-08 Sold (Public Records) $62,900 Public Records
• 2001-04-16 Sold (MLS) $62,900 FORTMLS
• 1998-04-08 Sold (Public Records) $36,500 Public Records

Property tax history

+9.4%/yr

Latest (2025): $2,478 · -2.7% YoY. Source: county tax records.