202 SE 19th St · Cape Coral, FL 33990

$95,000

3 bd · 2.0 ba · 1,382 sqft · SingleFamily public records · 48 Days on market

Built 1996 10,019 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +0.7/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Southern exposure POOL home in Southeast Cape Coral in a NO FLOOD ZONE with utilities IN and PAID! This 3 bedroom, 2 bath home features a PAVER BRICK DRIVEWAY and a huge PAVER POOL LANAI. The EAT IN KITCHEN has STAINLESS appliances, custom shaker cabinetry, and quartz countertops. The entire home has “wood-look” tile flooring. The GREAT ROOM floor plan includes vaulted ceilings and lots of glass sliders, which provide wonderful views of the outside and lots of natural sunlight! The 6ft privacy fence allows you to fully enjoy the pool and backyard. This home features a brand new roof (2018), brand new a/c (2018), fire retardant/pest control insulation rated at R-60, new water re-pipe (2020), new Electric Pool Heater (2021), new Variable Speed Pool Pump (2021) This home has an open floor plan, with lots of natural lighting. The refreshing heated pool can be seen from almost every room. The best part is the wonderful location in an established neighborhood, centrally located to great shopping, restaurants and schools!! Pool Cage is scheduled to be repaired.

Key facts

• 0.23 acre lot
• 2 garage spots
• Pool

Property features AI

Finance

• Other: Turnkey / furnished; Zoning: R1
• Financial info: Lease restrictions: none
• HOA & community: No HOA association listed; Pets allowed

Exterior

• Parking: Attached garage with 2 garage spaces
• Security: No security features listed
• Utilities: Public water; Public sewer; Public utilities
• Home design: Single-family residence; One story; North-facing
• Construction: Stucco construction; Shingle roof; Slab foundation; Built on a lot of about 0.23 acres
• Exterior features: In-ground private pool; Paved road access; Lot dimensions approximately 80 x 125

Interior

• Kitchen: No appliances listed
• Bedrooms: 3 bedrooms
• Flooring: Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating listed; No cooling listed
• Interior features: No interior features listed
• Laundry & utility: No laundry features listed

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $925 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $92k (3.0% below list) — sets the bar for market timing.
• Cap rate 18.0% vs local median 3.1% in Cape Coral — 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 77/100 on livability (#208 in FL, #3,098 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, amenities B+; Watch: commute 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.
• Market conditions: Rents falling (-7.1%/yr); 467 active listings in the ZIP; 40 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 34% of the median local income ($71k/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 $657 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $27k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 10y ago; this cycle's ask has dropped $5k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $92,150 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 2.11% ✓
• Cap rate: 17.97%
• Cash-on-cash: 41.71%
• DSCR: 2.86
• GRM: 4.0

CMA / ARV

• ARV (on-the-fly): $304,040
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
138 SE 18th St	0.18mi	3/2.0	1,507 (+9%)	6mo	$315,000	$209	72
322 SE 17th St	0.28mi	3/2.0	1,524 (+10%)	1mo	$337,000	$221	69
222 SE 17th Ter	0.19mi	3/2.0	1,212 (-12%)	8mo	$289,900	$239	64
132 SE 19th Ter	0.17mi	3/2.0	1,563 (+13%)	7mo	$305,000	$195	64
403 SE 20th St	0.23mi	3/2.0	1,207 (-13%)	6mo	$265,000	$220	63
2115 SW 1st Ave	0.52mi	3/2.0	1,481 (+7%)	4mo	$371,000	$251	61
401 SE 14th Ter	0.61mi	3/2.0	1,455 (+5%)	6mo	$360,000	$247	57
423 SE 23rd St	0.58mi	3/2.0	1,507 (+9%)	2mo	$320,000	$212	56
1808 SW 2nd Pl	0.63mi	3/2.0	1,272 (-8%)	2mo	$255,000	$200	56
624 SE 19th Ln	0.59mi	3/2.0	1,530 (+11%)	8mo	$314,900	$206	48
1909 SE 8th Ave	0.69mi	3/2.0	1,226 (-11%)	6mo	$330,000	$269	44
221 SW 22nd St	0.75mi	3/2.0	1,176 (-15%)	2mo	$215,000	$183	39

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

5-year hold

• IRR: 34.9%
• Equity multiple: 2.42×
• Total profit: $37,663
• Equity at exit: $14,165

10-year hold

• IRR: 40.1%
• Equity multiple: 4.24×
• Total profit: $86,083
• Equity at exit: $8,214

Cash invested: $26,600 (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 33990

• Rents YoY: -7.1%
• Active inventory: 467
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $2,002 high
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,425/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $925

Break-even live

Break-even rent $831

Max offer price $95,000

Occupancy floor 49%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
204 SE 18th St Cape Coral, FL	3.0	2.0	1201	$2,700	$2.25	2d	1	0.14mi
205 SE 18th St Cape Coral, FL	3.0	2.0	1404	$2,100	$1.50	3d	1	0.17mi
154 SE 20th St Cape Coral, FL	4.0	2.0	1700	$4,955	$2.91	23d	1	0.18mi
401 SE 18th St Cape Coral, FL	3.0	2.0	1744	$1,645	$0.94	3d	1	0.23mi
208 SE 17th St Cape Coral, FL	3.0	2.0	1519	$1,849	$1.22	23d	1	0.26mi
119 SE 20th St Cape Coral, FL	3.0	2.0	1672	$1,781	$1.07	16d	1	0.26mi
417 SE 21st Ter Cape Coral, FL	3.0	2.0	1418	$2,400	$1.69	21d	1	0.34mi
1910 Santa Barbara Blvd Unit 6 Cape Coral, FL	2.0	2.0	1185	$1,600	$1.35	23d	1	0.35mi
1910 Santa Barbara Blvd S Unit 2 Cape Coral, FL	2.0	2.0	1044	$1,500	$1.44	23d	1	0.35mi
1904 Santa Barbara Blvd #4 Cape Coral, FL	2.0	1.0	1000	$1,325	$1.32	23d	1	0.35mi
173 SE 16th Ter Cape Coral, FL	4.0	2.0	1828	$2,085	$1.14	3d	1	0.37mi
1809 SW Santa Barbara Pl Cape Coral, FL	2.0	2.0	984	$1,600	$1.63	23d	1	0.40mi
2136 SE 1st Ave Cape Coral, FL	3.0	2.0	1216	$1,800	$1.48	16d	1	0.43mi
1715 SW 1st Ave Cape Coral, FL	3.0	2.0	1330	$1,850	$1.39	21d	1	0.49mi
1628 SW Santa Barbara Pl Cape Coral, FL	3.0	2.0	1224	$1,600	$1.31	3d	1	0.50mi
613 SE 21st St Cape Coral, FL	3.0	2.0	1781	$2,700	$1.52	23d	1	0.56mi
1417 SE 1st Pl Cape Coral, FL	3.0	2.0	1208	$1,600	$1.32	23d	1	0.58mi
220 SE 14th Ter Cape Coral, FL	4.0	2.0	1828	$1,721	$0.94	3d	1	0.58mi
100 SW Trafalgar Pkwy #104 Cape Coral, FL	3.0	2.0	1255	$1,795	$1.43	14d	1	0.59mi
104 Trafalgar Pkwy Cape Coral, FL	3.0	2.0	1255	$1,595	$1.27	3d	1	0.59mi
620 SE 21st Ter Cape Coral, FL	3.0	2.0	1722	$4,210	$2.44	23d	1	0.62mi
1406 SE 2nd Pl #1 Cape Coral, FL	2.0	2.0	992	$1,685	$1.70	23d	1	0.64mi
411 SE 24th St Cape Coral, FL	4.0	2.0	1828	$1,941	$1.06	14d	1	0.66mi
130 SW 22nd St Cape Coral, FL	3.0	2.0	1464	$2,495	$1.70	3d	1	0.71mi
1729 SW 3rd Pl Cape Coral, FL	3.0	2.0	1591	$1,895	$1.19	23d	1	0.75mi
1403 SE 5th Pl Cape Coral, FL	3.0	2.0	1477	$2,200	$1.49	23d	1	0.75mi
1828 SW 3rd Pl Cape Coral, FL	3.0	2.0	1806	$1,911	$1.06	3d	1	0.76mi
904 SE 18th St Cape Coral, FL	3.0	2.0	1776	$2,100	$1.18	23d	1	0.81mi
613 SE 14th Ter Cape Coral, FL	3.0	2.0	1206	$1,600	$1.33	3d	1	0.81mi
613 SE 14th St Cape Coral, FL	3.0	2.0	1209	$1,800	$1.49	3d	1	0.85mi
613 SE 14th St Cape Coral, FL	3.0	2.0	1206	$1,800	$1.49	2d	1	0.85mi
613 SE 14th St Cape Coral, FL	3.0	2.0	1206	$1,800	$1.49	23d	1	0.85mi
613 SE 14th St Unit 1 Cape Coral, FL	3.0	2.0	1209	$1,800	$1.49	10d	1	0.85mi
1212 SE 2nd Pl Cape Coral, FL	2.0	2.0	972	$1,495	$1.54	23d	1	0.88mi
1304 SE 6th Ave Unit NA Cape Coral, FL	3.0	2.0	1300	$2,000	$1.54	23d	1	0.93mi
1328 SE 8th Ave Cape Coral, FL	2.0	2.0	1000	$1,325	$1.32	16d	1	0.94mi
1328 SE 8th Ave #204 Cape Coral, FL	2.0	2.0	1050	$1,295	$1.23	23d	1	0.94mi
2605 SE 4th Ave Cape Coral, FL	3.0	2.0	1756	$1,790	$1.02	3d	1	0.96mi
506 SE 26th St Cape Coral, FL	2.0	1.0	1680	$1,500	$0.89	23d	1	0.97mi
2328 Country Club Blvd Cape Coral, FL	3.0	2.0	1476	$1,750	$1.19	23d	1	0.98mi

Listing history 23 events

1. 2026-06-10
   status $95,000 Pending 48 DOM
2. 2026-05-31
   days on market $95,000 Active 48 DOM
3. 2026-05-07
   price $95,000
4. 2026-04-13
   listed $100,000 Active
5. 2026-02-25
   listed $5,000 Active
6. 2022-12-22
   soldstatus $445,000
7. 2022-12-21
   soldstatus $445,000 Closed 1088-char remark

   Show marketing remark (1088 chars)

   Southern exposure POOL home in Southeast Cape Coral in a NO FLOOD ZONE with utilities IN and PAID! This 3 bedroom, 2 bath home features a PAVER BRICK DRIVEWAY and a huge PAVER POOL LANAI. The EAT IN KITCHEN has STAINLESS appliances, custom shaker cabinetry, and quartz countertops. The entire home has “wood-look” tile flooring. The GREAT ROOM floor plan includes vaulted ceilings and lots of glass sliders, which provide wonderful views of the outside and lots of natural sunlight! The 6ft privacy fence allows you to fully enjoy the pool and backyard. This home features a brand new roof (2018), brand new a/c (2018), fire retardant/pest control insulation rated at R-60, new water re-pipe (2020), new Electric Pool Heater (2021), new Variable Speed Pool Pump (2021) This home has an open floor plan, with lots of natural lighting. The refreshing heated pool can be seen from almost every room. The best part is the wonderful location in an established neighborhood, centrally located to great shopping, restaurants and schools!! Pool Cage is scheduled to be repaired.

8. 2022-12-08
   status Pending 1088-char remark

   Show marketing remark (1088 chars)

   Southern exposure POOL home in Southeast Cape Coral in a NO FLOOD ZONE with utilities IN and PAID! This 3 bedroom, 2 bath home features a PAVER BRICK DRIVEWAY and a huge PAVER POOL LANAI. The EAT IN KITCHEN has STAINLESS appliances, custom shaker cabinetry, and quartz countertops. The entire home has “wood-look” tile flooring. The GREAT ROOM floor plan includes vaulted ceilings and lots of glass sliders, which provide wonderful views of the outside and lots of natural sunlight! The 6ft privacy fence allows you to fully enjoy the pool and backyard. This home features a brand new roof (2018), brand new a/c (2018), fire retardant/pest control insulation rated at R-60, new water re-pipe (2020), new Electric Pool Heater (2021), new Variable Speed Pool Pump (2021) This home has an open floor plan, with lots of natural lighting. The refreshing heated pool can be seen from almost every room. The best part is the wonderful location in an established neighborhood, centrally located to great shopping, restaurants and schools!! Pool Cage is scheduled to be repaired.

9. 2022-11-18
   listed $445,000 Active 1088-char remark

   Show marketing remark (1088 chars)

   Southern exposure POOL home in Southeast Cape Coral in a NO FLOOD ZONE with utilities IN and PAID! This 3 bedroom, 2 bath home features a PAVER BRICK DRIVEWAY and a huge PAVER POOL LANAI. The EAT IN KITCHEN has STAINLESS appliances, custom shaker cabinetry, and quartz countertops. The entire home has “wood-look” tile flooring. The GREAT ROOM floor plan includes vaulted ceilings and lots of glass sliders, which provide wonderful views of the outside and lots of natural sunlight! The 6ft privacy fence allows you to fully enjoy the pool and backyard. This home features a brand new roof (2018), brand new a/c (2018), fire retardant/pest control insulation rated at R-60, new water re-pipe (2020), new Electric Pool Heater (2021), new Variable Speed Pool Pump (2021) This home has an open floor plan, with lots of natural lighting. The refreshing heated pool can be seen from almost every room. The best part is the wonderful location in an established neighborhood, centrally located to great shopping, restaurants and schools!! Pool Cage is scheduled to be repaired.

10. 2016-12-29
    soldstatus $191,500
11. 2016-12-20
    price $191,460
12. 2016-12-19
    soldstatus $191,460 Sold
13. 2016-12-18
    price $198,500
14. 2016-11-07
    status Pending With Contingencies
15. 2016-11-01
    status Active
16. 2016-10-22
    historical
17. 2016-09-19
    price $198,500
18. 2016-06-22
    listed $207,000 Active
19. 2011-09-09
    soldstatus $100,900
20. 2011-09-08
    soldstatus $100,900
21. 2011-04-16
    price $105,900
22. 2000-06-02
    soldstatus $94,000
23. 1999-02-12
    soldstatus $79,500

ⓘ 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 6/10 Major FEMA zone X (shaded) · 59% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°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: $24,018
• − Mortgage interest: −$5,321
• − Property taxes: −$1,425
• − Insurance: −$475
• − Repairs & maintenance: −$1,921
• − Management: −$1,921
• − Depreciation: −$2,764
• Taxable income: $10,190
• Est. tax owed @ 24.0%: −$2,446
• After-tax cash flow: $8,650/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 — Cape Coral

• Score: 77/100
• State rank: #208
• US rank: #3098

Category grades

Amenities B+ Commute F 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: Cape Coral, FL
• County: Lee County · 788,662 people
• City population: 217,388
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 34,713
• Household income: $70,665
• Rent vs Own: 27.4% rent · 72.6% own
• Severe rent burden: 1246.0

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: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 26% Two or more races 17% Asian 3% Black 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 5% Cuban 8% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 3% Italian 3%
• Foreign-born: 20% · Canada, Jamaica, China
• Languages at home: 74% English-only · Spanish 20% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -196.42%
• Current HPI: 289.1969
• Rent YoY: ▼ -7.11%
• 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

+19.5% since first listed

21 events — show timeline

• 2026-05-07 Price Changed $95,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Listed $100,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-25 Listed $5,000 NFMLS
• 2022-12-22 Sold (Public Records) $445,000 Public Records
• 2022-12-21 Sold (MLS) $445,000 FORTMLS
• 2022-12-08 Pending — FORTMLS
• 2022-11-18 Listed $445,000 FORTMLS
• 2016-12-29 Sold (Public Records) $191,500 Public Records
• 2016-12-20 Price Changed $191,460 FORTMLS
• 2016-12-19 Sold (MLS) $191,460 FORTMLS
• 2016-12-18 Price Changed $198,500 FORTMLS
• 2016-11-07 Pending — FORTMLS
• 2016-11-01 Relisted — FORTMLS
• 2016-10-22 Listing Removed — FORTMLS
• 2016-09-19 Price Changed $198,500 FORTMLS
• 2016-06-22 Listed $207,000 FORTMLS
• 2011-09-09 Sold (Public Records) $100,900 Public Records
• 2011-09-08 Sold (MLS) $100,900 FORTMLS
• 2011-04-16 Price Changed $105,900 FORTMLS
• 2000-06-02 Sold (Public Records) $94,000 Public Records
• 1999-02-12 Sold (Public Records) $79,500 Public Records

Property tax history

+4.1%/yr

Latest (2025): $4,901 · -3.5% YoY. Source: county tax records.