1213 Dodwin St E · Lehigh Acres, FL 33974

$265,000

3 bd · 3.0 ba · 1,061 sqft · Land · 79 Days on market

Built 2026 10,001 sqft lot

---

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).

• Appreciation +10.0/10.0
• Cash flow +7.5/30.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• DSCR +1.6/10.0
• Rent growth +1.3/5.0

Listing remarks MLS

The perfect location for your dream home! Located in an up and coming area near State RD 82 with easy access to Fort Myers. This lot is surrounded by beautiful homes. Lets make it yours!

Key facts

• Custom cabinetry
• Quartz countertops
• Fully fenced

Tags

• LARGE-FORMAT TILE FLOORING
• OPEN-CONCEPT LAYOUT
• CUSTOM CABINETRY
• QUARTZ COUNTERTOPS
• FULLY PAVED DRIVEWAY
• FULLY FENCED

Property features AI

Finance

• Other: Zoning: RS-1; Lot described as regular, approximately 0.23 acres; Irrigation: well; Subdivision: Lehigh Acres; Possession at closing; New construction
• HOA & community: Non-gated community; No HOA maintenance or community amenities

Exterior

• Parking: Attached 1-car garage
• Security: Impact-resistant windows
• Utilities: Well water; Septic sewer; Cable available
• Home design: Single-family home; 1-story (ranch) with contemporary/traditional elements; Rear exposure: North; Residential property in Lehigh Acres
• Construction: Concrete block construction; Stucco exterior finish; Tile roof; Built in 2026; Architectural plans used for lot dimensions
• Exterior features: Courtyard; Deck; Fenced yard; Room for a pool; Exterior storage

Interior

• Kitchen: Pantry; Cooktop (electric); Self-cleaning oven; Microwave; Dishwasher; Disposal; Refrigerator / freezer / icemaker
• Bedrooms: 3 bedrooms (split-bedroom floor plan)
• Flooring: Tile flooring
• Bathrooms: 3 full bathrooms; Master bathroom with dual sinks and shower-only
• Heating & cooling: Central electric heating; Central electric cooling; Ceiling fans
• Interior features: Custom mirrors; High-speed internet available; Pantry; Smoke detectors; Open porch/lanai; Recreation room; See remarks
• Laundry & utility: Washer and dryer included; Laundry in residence; Auto garage door

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath land listed at $265k.

Deal economics

• At list price, monthly cash flow is $-331 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $217k (18.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (28.3% below list).
• Recommended offer: $190k (28.3% below list) — sets the bar for 1% rule.

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 falling (-4.7%/yr); 2460 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 32% of the median local income ($72k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $28k of equity ($2k loan paydown + $26k appreciation (10.0% local appreciation)).
• Lee County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($249k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y 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.
• Current owner paid $19k; list at $265k implies a 1295% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $189,957 (28.3% 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. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
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. 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?
7. 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.
8. 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.
9. 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: 0.72% ✗
• Cap rate: 4.80%
• Cash-on-cash: -5.35%
• DSCR: 0.76
• GRM: 11.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 19.7%
• Equity multiple: 2.59×
• Total profit: $117,726
• Equity at exit: $238,733

10-year hold

• IRR: 17.5%
• Equity multiple: 5.76×
• Total profit: $353,335
• Equity at exit: $514,837

Cash invested: $74,200 (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 33974

• Home prices YoY: 5.8%
• Rents YoY: -4.7%
• Active inventory: 2460
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $1,900 high
• Mortgage (P&I): −$1,390
• Tax est. 1.5%: −$331 /mo · $3,975/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $-331

Break-even live

Break-even rent $2,318

Max offer price $217,148

Occupancy floor —

Sensitivity live

Price	-10% $-148	-5% $-239	+0% $-331	+5% $-422	+10% $-514
Rent	-10% $-481	-5% $-406	+0% $-331	+5% $-256	+10% $-181
Rate	-1.0pp $-197	-0.5pp $-263	base $-331	+0.5pp $-399	+1.0pp $-469

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1150 Darling St E Lehigh Acres, FL	3.0	2.0	1292	$1,800	$1.39	24d	1	0.25mi
1125 Deauville St E Lehigh Acres, FL	3.0	2.0	1292	$1,900	$1.47	3d	1	0.39mi
1051 Marine Ave S Lehigh Acres, FL	3.0	2.0	1057	$1,800	$1.70	24d	1	0.51mi
1248 Columbus Blvd Unit B Fort Myers, FL	3.0	2.0	1100	$1,850	$1.68	24d	1	0.51mi
1253 Columbus Blvd Fort Myers, FL	3.0	2.0	1288	$1,650	$1.28	24d	1	0.56mi
1262 Best Ave Fort Myers, FL	3.0	2.0	1288	$1,600	$1.24	15d	1	0.63mi
1270 Bermar St Fort Myers, FL	3.0	2.0	1408	$1,660	$1.18	3d	1	0.78mi
1028 Eubanks St Lehigh Acres, FL	3.0	3.0	1200	$1,950	$1.62	16d	1	0.81mi
1107 Enrique St E Lehigh Acres, FL	3.0	2.0	1363	$1,800	$1.32	24d	1	0.84mi
1129 Graystone Ave Lehigh Acres, FL	3.0	2.0	1025	$1,600	$1.56	24d	1	1.08mi
1135 Harvest Ave Unit A Lehigh Acres, FL	2.0	2.0	1150	$1,450	$1.26	15d	1	1.19mi
936 Eisenhower Blvd Lehigh Acres, FL	3.0	2.0	1300	$1,395	$1.07	3d	1	1.46mi

Listing history 24 events

1. 2026-06-17
   days on market $265,000 Active 79 DOM
2. 2026-06-16
   days on market $265,000 Active 78 DOM
3. 2026-06-15
   days on market $265,000 Active 77 DOM
4. 2026-06-13
   days on market $265,000 Active 75 DOM
5. 2026-06-10
   days on market $265,000 Active 72 DOM
6. 2026-06-09
   days on market $265,000 Active 71 DOM
7. 2026-06-07
   days on market $265,000 Active 69 DOM
8. 2026-06-03
   days on market $265,000 Active 65 DOM
9. 2026-06-02
   days on market $265,000 Active 64 DOM
10. 2026-06-01
    days on market $265,000 Active 63 DOM
11. 2026-06-01
    days on market $265,000 Active 62 DOM
12. 2026-03-30
    listed $275,000 Active
13. 2025-09-12
    soldstatus $19,000
14. 2025-07-29
    soldstatus $19,000 Closed 186-char remark

    Show marketing remark (186 chars)

    The perfect location for your dream home! Located in an up and coming area near State RD 82 with easy access to Fort Myers. This lot is surrounded by beautiful homes. Lets make it yours!

15. 2025-07-28
    status Pending 186-char remark

    Show marketing remark (186 chars)

    The perfect location for your dream home! Located in an up and coming area near State RD 82 with easy access to Fort Myers. This lot is surrounded by beautiful homes. Lets make it yours!

16. 2025-05-09
    price $23,000 186-char remark

    Show marketing remark (186 chars)

    The perfect location for your dream home! Located in an up and coming area near State RD 82 with easy access to Fort Myers. This lot is surrounded by beautiful homes. Lets make it yours!

17. 2024-12-05
    status Active 186-char remark

    Show marketing remark (186 chars)

    The perfect location for your dream home! Located in an up and coming area near State RD 82 with easy access to Fort Myers. This lot is surrounded by beautiful homes. Lets make it yours!

18. 2024-08-12
    status Pending 186-char remark

    Show marketing remark (186 chars)

    The perfect location for your dream home! Located in an up and coming area near State RD 82 with easy access to Fort Myers. This lot is surrounded by beautiful homes. Lets make it yours!

19. 2024-05-11
    listed $26,900 Active 186-char remark

    Show marketing remark (186 chars)

    The perfect location for your dream home! Located in an up and coming area near State RD 82 with easy access to Fort Myers. This lot is surrounded by beautiful homes. Lets make it yours!

20. 2023-09-03
    status Pending
21. 2023-09-03
    historical
22. 2023-08-30
    listed $17,000 Active
23. 2005-10-12
    soldstatus $47,000
24. 2003-11-14
    soldstatus $13,500

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,795
• − Mortgage interest: −$14,844
• − Property taxes: −$3,975
• − Insurance: −$1,325
• − Repairs & maintenance: −$1,824
• − Management: −$1,824
• − Depreciation: −$7,709
• Taxable loss: −$8,706
• Est. tax savings @ 24.0%: +$2,089
• After-tax cash flow: $-1,879/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): 19,927
• Household income: $72,192
• Rent vs Own: 27.3% rent · 72.7% own
• Severe rent burden: 434.0

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 0.64)
• Race & ethnicity: Hispanic / Latino 52% Two or more races 31% White 26% Black 18%
• Hispanic origin (detail): Mexican 12% Puerto Rican 7% Cuban 20% Dominican 4%
• Common ancestry: Hispanic 7% Italian 1% Portuguese 1%
• Foreign-born: 32% · Canada, Jamaica
• Languages at home: 48% English-only · Spanish 43% French/Haitian/Cajun 7% 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: ▲ 16.53%
• Current HPI: 303.3399
• Rent YoY: ▼ -4.68%
• 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

+1937.0% since first listed

13 events — show timeline

• 2026-03-30 Listed $275,000 NAPLESMLS
• 2025-09-12 Sold (Public Records) $19,000 Public Records
• 2025-07-29 Sold (MLS) $19,000 FORTMLS
• 2025-07-28 Pending — FORTMLS
• 2025-05-09 Price Changed $23,000 FORTMLS
• 2024-12-05 Relisted — FORTMLS
• 2024-08-12 Pending — FORTMLS
• 2024-05-11 Listed $26,900 FORTMLS
• 2023-09-03 Pending — FORTMLS
• 2023-09-03 Listing Removed — FORTMLS
• 2023-08-30 Listed $17,000 FORTMLS
• 2005-10-12 Sold (Public Records) $47,000 Public Records
• 2003-11-14 Sold (Public Records) $13,500 Public Records

Property tax history

+10.1%/yr

Latest (2025): $384 · +12.1% YoY. Source: county tax records.