150 Brooks Rd · North Fort Myers, FL 33917

$159,000

2 bd · 2.0 ba · 1,160 sqft · SingleFamily public records · 8 Days on market

Built 1958 0.27 ac lot Est $160k · at est.

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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 +26.1/30.0
• DSCR +8.8/10.0
• ARV discount +7.8/15.0
• 1% rule +6.8/10.0
• Schools +4.1/10.0
• Livability +3.7/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wow! Must see this charming 2 bedroom one and a half bathrooms. Move in ready 2/2 with upgrades galore. All freshly painted, tile throughout, bathrooms remodeled. The home was reroofed in 2012. The septic tank was serviced May of 2021. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is fenced in with beautiful landscaping. Won't last long! * This is in a Flood zone. Cash only!

Key facts

• Fenced back yard
• Newer appliances
• Upgraded kitchen

Tags

• FENCED BACK YARD
• LARGE UTILITY ROOM
• UPGRADED KITCHEN
• NEWER APPLIANCES
• FLORIDA SUNROOM DINING AREA

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: Non-gated community; HOA provides storage; No association fee

Exterior

• Parking: Attached carport with two spaces (one covered)
• Utilities: Public water; Public sewer; Cable available; High-speed internet available
• Home design: Single-story home; Resale property; Faces south; Zoned RS-1
• Construction: Built with block, concrete, and stucco; Metal roof
• Exterior features: Fence; Room for pool; Storage; Outbuilding; Oversized lot; Public maintained road; Lot faces north; Municipal irrigation

Interior

• Kitchen: Range; Refrigerator
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fan(s)
• Interior features: Living/dining room; Separate shower; Shower only; Split bedrooms; Single-hung windows; Unfurnished
• Laundry & utility: Washer hookup inside; Dryer hookup inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $-26 ($-311/yr) — negative.
• To cash-flow at today's rent, offer at most $154k (2.9% below list).
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $154k (2.9% below list) — sets the bar for cash-flow.
• Cap rate 9.3% vs local median 3.6% in North 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 74/100 on livability (#269 in FL, #4,409 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, amenities F, 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.
• Zoned schools: Diplomat Elementary School (math 67% / reading 60%, grade B, #564 of 2,144 statewide, top 27%, 1,069 students, 56% FRL); Mariner Middle School (math 50% / reading 47%, grade C-, #274 of 571 statewide, top 50%, 1,001 students, 53% FRL); Ida S. Baker High School (math 44% / reading 47%, grade D-, #223 of 667 statewide, top 34%, 1,933 students, 39% FRL).
• Market conditions: Rents rising (+2.6%/yr); 846 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); 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
• This rent runs 41% of the median local income ($55k/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 $1k of loan paydown is wiped out by about $5k 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

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• 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.

Recommended offer $154,420 (2.9% below list)

Questions for the listing agent

1. 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?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.18% ✓
• Cap rate: 9.32%
• Cash-on-cash: 10.80%
• DSCR: 1.48
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $160,080
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
150 Brooks Rd	0.00mi	2/2.0	1,160 (0%)	0mo	$159,900	$138	100
57 Cardinal Dr	0.36mi	2/1.5	1,200 (+3%)	3mo	$135,000	$113	73
1329 Sunrise Dr	0.19mi	3/2.0 (+1)	1,248 (+8%)	23mo	$305,000	$244	54
1255 Old Bridge Rd	0.52mi	2/2.0	1,248 (+8%)	11mo	$165,000	$132	54
400 E North Shore Dr	0.33mi	3/2.0 (+1)	1,282 (+10%)	13mo	$340,000	$265	51
83 Oak St	0.67mi	3/2.0 (+1)	1,004 (-13%)	12mo	$85,000	$85	31

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 · 2.63% rent growth · sell at horizon

5-year hold

• IRR: -17.8%
• Equity multiple: 0.37×
• Total profit: $-27,832
• Equity at exit: $23,707

10-year hold

• IRR: -10.5%
• Equity multiple: 0.37×
• Total profit: $-28,060
• Equity at exit: $13,747

Cash invested: $44,520 (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 33917

• Home prices YoY: -30.2%
• Rents YoY: 2.6%
• Active inventory: 846
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,875 high
• Mortgage (P&I): −$834
• Tax from tax record: −$180 /mo · $2,166/yr
• Insurance: −$66
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$394
• Net cashflow: $-26

Break-even live

Break-even rent $1,908

Max offer price $154,420

Occupancy floor 96%

Sensitivity live

Price	-10% $64	-5% $19	+0% $-26	+5% $-71	+10% $-116
Rent	-10% $-174	-5% $-100	+0% $-26	+5% $48	+10% $122
Rate	-1.0pp $54	-0.5pp $15	base $-26	+0.5pp $-67	+1.0pp $-109

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1398 Evalena Ln North Fort Myers, FL	3.0	2.0	1479	$1,849	$1.25	4d	1	0.17mi
21 Crescent Lake Dr Unit 21 North Fort Myers, FL	2.0	1.0	900	$1,550	$1.72	25d	1	0.34mi
69 E Mariana Ave Unit B North Fort Myers, FL	3.0	1.0	1000	$1,795	$1.79	5d	1	0.41mi
112 Crescent Lake Dr North Fort Myers, FL	2.0	1.0	980	$1,700	$1.73	25d	1	0.47mi
1526 Wood Rd North Fort Myers, FL	1.0	1.0	912	$1,500	$1.64	5d	1	0.47mi
1275 Gramac Dr North Fort Myers, FL	3.0	2.0	1013	$1,575	$1.55	25d	1	0.47mi
1275 Gramac Dr North Fort Myers, FL	3.0	2.0	1013	$1,550	$1.53	5d	1	0.47mi
257 Poe Ave North Fort Myers, FL	2.0	1.0	870	$1,175	$1.35	5d	1	0.65mi
92 Oak St North Fort Myers, FL	2.0	2.0	1008	$2,000	$1.98	5d	1	0.68mi
1056 Old Bridge Rd North Fort Myers, FL	2.0	1.0	1100	$1,350	$1.23	25d	1	0.74mi
1439 Glick Dr North Fort Myers, FL	3.0	1.0	1134	$1,500	$1.32	4d	1	0.87mi
1846 Powell Dr Unit 28 North Fort Myers, FL	1.0	1.0	850	$1,500	$1.76	5d	1	0.94mi
5558 Sir Walter Way North Fort Myers, FL	2.0	2.0	1372	$1,095	$0.80	16d	1	1.01mi
5510 Sir Walter Way North Fort Myers, FL	2.0	2.0	1152	$1,800	$1.56	5d	1	1.03mi
3392 N Key Dr Unit B7 North Fort Myers, FL	2.0	2.0	1200	$1,895	$1.58	12d	1	1.06mi
3392 N Key Dr North Fort Myers, FL	2.0	2.0	1270	$1,850	$1.46	23d	1	1.06mi
3345 N Key Dr #47 North Fort Myers, FL	2.0	2.5	1112	$2,150	$1.93	25d	1	1.12mi
3324 N Key Dr #7 North Fort Myers, FL	2.0	1.0	791	$1,495	$1.89	25d	1	1.13mi
3300 N Key Dr Unit 4W North Fort Myers, FL	2.0	2.0	1103	$3,000	$2.72	25d	1	1.14mi
7050 Nantucket Cir North Fort Myers, FL	2.0	2.0	950	$3,000	$3.16	25d	1	1.14mi
7050 Nantucket Cir #6 North Fort Myers, FL	2.0	2.0	950	$3,000	$3.16	18d	1	1.14mi
8049 Stillwater Ct North Fort Myers, FL	1.0–2.0	1.0–2.0	720	$1,600	$2.22	25d	1	1.14mi
3328 N Key Dr #5 North Fort Myers, FL	2.0	1.0	791	$1,400	$1.77	25d	1	1.15mi
3342 N Key Dr Unit L3 North Fort Myers, FL	2.0	1.0	791	$1,490	$1.88	25d	1	1.15mi
3328 N Key Dr North Fort Myers, FL	2.0	1.0	800	$1,400	$1.75	5d	1	1.16mi
1201 Betmar Blvd North Fort Myers, FL	3.0	2.0	1380	$2,200	$1.59	5d	1	1.18mi
3350 N Key Dr #713 North Fort Myers, FL	3.0	2.0	1207	$2,250	$1.86	5d	1	1.22mi
3350 N Key Dr Unit B911 North Fort Myers, FL	3.0	2.0	1283	$3,800	$2.96	25d	1	1.22mi
5713 Foxlake Dr #5 North Fort Myers, FL	2.0	2.0	830	$1,400	$1.69	21d	1	1.25mi
3392 N Key Dr #7 North Fort Myers, FL	2.0	2.0	1200	$1,895	$1.58	25d	1	1.27mi
15427 Crystal Lake Dr North Fort Myers, FL	2.0	2.0	1021	$3,200	$3.13	25d	1	1.28mi
3460 N Key Dr #203 North Fort Myers, FL	1.0	1.5	840	$3,250	$3.87	25d	1	1.32mi
3460 N Key Dr #210 North Fort Myers, FL	2.0	2.0	1412	$1,795	$1.27	16d	1	1.32mi
3460 N Key Dr #311 North Fort Myers, FL	2.0	2.0	1412	$3,200	$2.27	25d	1	1.32mi
3460 N Key Dr Fort Myers, FL	2.0	2.0	1440	$1,800	$1.25	18d	1	1.32mi
3460 N Key Dr Fort Myers, FL	2.0	2.0	1412	$1,800	$1.27	25d	1	1.32mi
5707 Foxlake Dr #2 North Fort Myers, FL	2.0	2.0	1114	$1,500	$1.35	25d	1	1.33mi
3462 Hancock Bridge Pkwy #242 North Fort Myers, FL	2.0	2.0	1152	$1,750	$1.52	25d	1	1.34mi
247 Stockton St North Fort Myers, FL	3.0	2.0	924	$1,325	$1.43	25d	1	1.35mi
5701 Longleaf Dr North Fort Myers, FL	2.0	2.0	1233	$1,570	$1.27	13d	1	1.36mi

Listing history 27 events

1. 2026-06-07
   status $159,000 Pending 8 DOM
2. 2026-06-03
   days on market $159,000 Active 8 DOM
3. 2026-06-02
   days on market $159,000 Active 7 DOM
4. 2026-06-01
   days on market $159,000 Active 6 DOM
5. 2026-05-31
   days on market $159,000 Active 5 DOM
6. 2026-05-26
   listed $159,000 Active
7. 2021-10-25
   soldstatus $145,000
8. 2021-10-18
   soldstatus $145,000 Closed 446-char remark

   Show marketing remark (446 chars)

   Wow! Must see this charming 2 bedroom one and a half bathrooms. Move in ready 2/2 with upgrades galore. All freshly painted, tile throughout, bathrooms remodeled. The home was reroofed in 2012. The septic tank was serviced May of 2021. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is fenced in with beautiful landscaping. Won't last long! * This is in a Flood zone. Cash only!

9. 2021-10-14
   status Pending 446-char remark

   Show marketing remark (446 chars)

   Wow! Must see this charming 2 bedroom one and a half bathrooms. Move in ready 2/2 with upgrades galore. All freshly painted, tile throughout, bathrooms remodeled. The home was reroofed in 2012. The septic tank was serviced May of 2021. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is fenced in with beautiful landscaping. Won't last long! * This is in a Flood zone. Cash only!

10. 2021-10-11
    price $140,900 446-char remark

    Show marketing remark (446 chars)

    Wow! Must see this charming 2 bedroom one and a half bathrooms. Move in ready 2/2 with upgrades galore. All freshly painted, tile throughout, bathrooms remodeled. The home was reroofed in 2012. The septic tank was serviced May of 2021. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is fenced in with beautiful landscaping. Won't last long! * This is in a Flood zone. Cash only!

11. 2021-10-11
    status Active 446-char remark

    Show marketing remark (446 chars)

    Wow! Must see this charming 2 bedroom one and a half bathrooms. Move in ready 2/2 with upgrades galore. All freshly painted, tile throughout, bathrooms remodeled. The home was reroofed in 2012. The septic tank was serviced May of 2021. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is fenced in with beautiful landscaping. Won't last long! * This is in a Flood zone. Cash only!

12. 2021-10-03
    status Pending 446-char remark

    Show marketing remark (446 chars)

    Wow! Must see this charming 2 bedroom one and a half bathrooms. Move in ready 2/2 with upgrades galore. All freshly painted, tile throughout, bathrooms remodeled. The home was reroofed in 2012. The septic tank was serviced May of 2021. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is fenced in with beautiful landscaping. Won't last long! * This is in a Flood zone. Cash only!

13. 2021-09-15
    listed $199,000 Active 446-char remark

    Show marketing remark (446 chars)

    Wow! Must see this charming 2 bedroom one and a half bathrooms. Move in ready 2/2 with upgrades galore. All freshly painted, tile throughout, bathrooms remodeled. The home was reroofed in 2012. The septic tank was serviced May of 2021. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is fenced in with beautiful landscaping. Won't last long! * This is in a Flood zone. Cash only!

14. 2019-07-01
    soldstatus $115,000
15. 2019-06-28
    soldstatus $115,000 Sold 698-char remark

    Show marketing remark (698 chars)

    Move in ready 2/2 with fresh paint inside and out. The home was reroofed in 2012. The septic tank was serviced 3 years ago. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is large. This home is just a stone's throw across the river and all the activities, amenities, and restaurants downtown Fort Myers has to offer. This location is central to Fort Myers, Cape Coral, the airport and I-75. The home is back on the market. The previous home inspection uncovered some old termite damage. The seller had it inspected, there was not active termites found. A general contractor was brought in to fix any issues. Please call for details.

16. 2019-05-22
    status Pending With Contingencies 698-char remark

    Show marketing remark (698 chars)

    Move in ready 2/2 with fresh paint inside and out. The home was reroofed in 2012. The septic tank was serviced 3 years ago. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is large. This home is just a stone's throw across the river and all the activities, amenities, and restaurants downtown Fort Myers has to offer. This location is central to Fort Myers, Cape Coral, the airport and I-75. The home is back on the market. The previous home inspection uncovered some old termite damage. The seller had it inspected, there was not active termites found. A general contractor was brought in to fix any issues. Please call for details.

17. 2019-05-15
    status Active 698-char remark

    Show marketing remark (698 chars)

    Move in ready 2/2 with fresh paint inside and out. The home was reroofed in 2012. The septic tank was serviced 3 years ago. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is large. This home is just a stone's throw across the river and all the activities, amenities, and restaurants downtown Fort Myers has to offer. This location is central to Fort Myers, Cape Coral, the airport and I-75. The home is back on the market. The previous home inspection uncovered some old termite damage. The seller had it inspected, there was not active termites found. A general contractor was brought in to fix any issues. Please call for details.

18. 2019-05-01
    historical 698-char remark

    Show marketing remark (698 chars)

    Move in ready 2/2 with fresh paint inside and out. The home was reroofed in 2012. The septic tank was serviced 3 years ago. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is large. This home is just a stone's throw across the river and all the activities, amenities, and restaurants downtown Fort Myers has to offer. This location is central to Fort Myers, Cape Coral, the airport and I-75. The home is back on the market. The previous home inspection uncovered some old termite damage. The seller had it inspected, there was not active termites found. A general contractor was brought in to fix any issues. Please call for details.

19. 2019-04-19
    status Pending With Contingencies 698-char remark

    Show marketing remark (698 chars)

    Move in ready 2/2 with fresh paint inside and out. The home was reroofed in 2012. The septic tank was serviced 3 years ago. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is large. This home is just a stone's throw across the river and all the activities, amenities, and restaurants downtown Fort Myers has to offer. This location is central to Fort Myers, Cape Coral, the airport and I-75. The home is back on the market. The previous home inspection uncovered some old termite damage. The seller had it inspected, there was not active termites found. A general contractor was brought in to fix any issues. Please call for details.

20. 2019-04-04
    price $124,900 698-char remark

    Show marketing remark (698 chars)

    Move in ready 2/2 with fresh paint inside and out. The home was reroofed in 2012. The septic tank was serviced 3 years ago. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is large. This home is just a stone's throw across the river and all the activities, amenities, and restaurants downtown Fort Myers has to offer. This location is central to Fort Myers, Cape Coral, the airport and I-75. The home is back on the market. The previous home inspection uncovered some old termite damage. The seller had it inspected, there was not active termites found. A general contractor was brought in to fix any issues. Please call for details.

21. 2019-02-19
    price $139,900 698-char remark

    Show marketing remark (698 chars)

    Move in ready 2/2 with fresh paint inside and out. The home was reroofed in 2012. The septic tank was serviced 3 years ago. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is large. This home is just a stone's throw across the river and all the activities, amenities, and restaurants downtown Fort Myers has to offer. This location is central to Fort Myers, Cape Coral, the airport and I-75. The home is back on the market. The previous home inspection uncovered some old termite damage. The seller had it inspected, there was not active termites found. A general contractor was brought in to fix any issues. Please call for details.

22. 2019-02-04
    status Active 698-char remark

    Show marketing remark (698 chars)

    Move in ready 2/2 with fresh paint inside and out. The home was reroofed in 2012. The septic tank was serviced 3 years ago. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is large. This home is just a stone's throw across the river and all the activities, amenities, and restaurants downtown Fort Myers has to offer. This location is central to Fort Myers, Cape Coral, the airport and I-75. The home is back on the market. The previous home inspection uncovered some old termite damage. The seller had it inspected, there was not active termites found. A general contractor was brought in to fix any issues. Please call for details.

23. 2019-01-19
    status Pending With Contingencies 698-char remark

    Show marketing remark (698 chars)

    Move in ready 2/2 with fresh paint inside and out. The home was reroofed in 2012. The septic tank was serviced 3 years ago. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is large. This home is just a stone's throw across the river and all the activities, amenities, and restaurants downtown Fort Myers has to offer. This location is central to Fort Myers, Cape Coral, the airport and I-75. The home is back on the market. The previous home inspection uncovered some old termite damage. The seller had it inspected, there was not active termites found. A general contractor was brought in to fix any issues. Please call for details.

24. 2018-12-15
    price $149,900 698-char remark

    Show marketing remark (698 chars)

    Move in ready 2/2 with fresh paint inside and out. The home was reroofed in 2012. The septic tank was serviced 3 years ago. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is large. This home is just a stone's throw across the river and all the activities, amenities, and restaurants downtown Fort Myers has to offer. This location is central to Fort Myers, Cape Coral, the airport and I-75. The home is back on the market. The previous home inspection uncovered some old termite damage. The seller had it inspected, there was not active termites found. A general contractor was brought in to fix any issues. Please call for details.

25. 2018-12-06
    listed $159,900 Active 698-char remark

    Show marketing remark (698 chars)

    Move in ready 2/2 with fresh paint inside and out. The home was reroofed in 2012. The septic tank was serviced 3 years ago. The workshop/shed has power to it. The laundry room is inside the home and located off the kitchen. The backyard is large. This home is just a stone's throw across the river and all the activities, amenities, and restaurants downtown Fort Myers has to offer. This location is central to Fort Myers, Cape Coral, the airport and I-75. The home is back on the market. The previous home inspection uncovered some old termite damage. The seller had it inspected, there was not active termites found. A general contractor was brought in to fix any issues. Please call for details.

26. 1999-06-18
    soldstatus $52,000
27. 1990-03-05
    soldstatus $51,900

ⓘ 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: $2,166 · $180/mo
• Projected year-2 tax: $2,166 · $180/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 8/10 Severe FEMA zone AE · 97% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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

Taxation est. · year 1

• Rental income: $22,499
• − Mortgage interest: −$8,906
• − Property taxes: −$2,166
• − Insurance: −$5,914
• − Repairs & maintenance: −$1,800
• − Management: −$1,800
• − Depreciation: −$4,625
• Taxable loss: −$2,712
• Est. tax savings @ 24.0%: +$651
• After-tax cash flow: $340/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 — North Fort Myers

• Score: 74/100
• State rank: #269
• US rank: #4409

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Fort Myers, FL
• County: Lee County · 788,662 people
• City population: 57,035
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 33,380
• Household income: $55,000
• Rent vs Own: 16.3% rent · 83.7% own
• Severe rent burden: 775.0

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 (85%)
• Race & ethnicity: White 85% Hispanic / Latino 10% Two or more races 7% Asian 1% Black 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1% Cuban 3%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 10% · Canada
• Languages at home: 88% English-only · Spanish 9% Other Indo-European 1% 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: ▼ -122.28%
• Current HPI: 282.2895
• Rent YoY: ▲ 2.63%
• 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

+206.4% since first listed

22 events — show timeline

• 2026-05-26 Listed $159,000 FORTMLS
• 2021-10-25 Sold (Public Records) $145,000 Public Records
• 2021-10-18 Sold (MLS) $145,000 FORTMLS
• 2021-10-14 Pending — FORTMLS
• 2021-10-11 Price Changed $140,900 FORTMLS
• 2021-10-11 Relisted — FORTMLS
• 2021-10-03 Pending — FORTMLS
• 2021-09-15 Listed $199,000 FORTMLS
• 2019-07-01 Sold (Public Records) $115,000 Public Records
• 2019-06-28 Sold (MLS) $115,000 FORTMLS
• 2019-05-22 Pending — FORTMLS
• 2019-05-15 Relisted — FORTMLS
• 2019-05-01 Listing Removed — FORTMLS
• 2019-04-19 Pending — FORTMLS
• 2019-04-04 Price Changed $124,900 FORTMLS
• 2019-02-19 Price Changed $139,900 FORTMLS
• 2019-02-04 Relisted — FORTMLS
• 2019-01-19 Pending — FORTMLS
• 2018-12-15 Price Changed $149,900 FORTMLS
• 2018-12-06 Listed $159,900 FORTMLS
• 1999-06-18 Sold (Public Records) $52,000 Public Records
• 1990-03-05 Sold (Public Records) $51,900 Public Records

Property tax history

+8.6%/yr

Latest (2025): $2,166 · +16.3% YoY. Source: county tax records.