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26430 Coco Cay Cir #101
F Composite 29.95
Why this score? — see what drove the F 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).

  • ARV discount +7.9/15.0
  • Schools +5.2/10.0
  • Condition / age +4.8/5.0
  • Cash flow +4.3/30.0
  • Livability +3.5/5.0
  • Rent growth +2.3/5.0
  • 1% rule +1.9/10.0
  • DSCR +0.0/10.0
  • Appreciation +0.0/10.0

$419,000

26430 Coco Cay Cir #101 · Bonita Springs, FL 34135
2 bd · 2.5 ba · 1,533 sqft · Condo · 161 Days on market
Built 2023 Excellent condition 1-car garage $273/sqft · at area comps Est $423k · at est. $521/mo HOA · 18% of rent ↓ 5% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

One or more photo(s) has been virtually staged, AI generated or rendered. MOTIVATED SELLER, offering a $10,000 credit to buyer for closing costs or mortgage rate buydown! Prime PRIVATE cul-de-sac location, beautifully appointed FIRST FLOOR END unit carriage home in the heart of Bonita Springs. This spacious open floorplan offers an inviting layout with modern finishes, including luxury vinyl plank flooring throughout, and private garage parking and storage. The kitchen serves as the heart of the home, offering ample cabinetry, generous counter space, and a welcoming connection to the main living areas.

Key facts

  • Cul-de-sac location
  • Gated enclave
  • Green space view

Tags

CUL-DE-SAC LOCATIONPRIVATE OUTDOOR SPACEGREEN SPACE VIEWGATED ENCLAVETWO SHIMMERING LAKESLUSH PRESERVES

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.5-bath condo listed at $419k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-1k ($-13k/yr) — negative.
  • To cash-flow at today's rent, offer at most $257k (38.6% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $291k (30.5% below list).
  • Recommended offer: $257k (38.6% below list) — sets the bar for cash-flow.
  • Cap rate 3.1% vs local median 2.2% in Bonita Springs — 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 70/100 on livability (#428 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A; Watch: cost of living C-, health & safety D, amenities 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: Pinewoods Elementary School (math 81% / reading 74%, grade A, #163 of 2,144 statewide, top 8%, 1,089 students, 25% FRL); Lexington Middle School (math 55% / reading 54%, grade B-, #183 of 571 statewide, top 34%, 1,138 students, 44% FRL); South Fort Myers High School (math 23% / reading 30%, grade F, #489 of 667 statewide, top 74%, 1,917 students, 50% FRL) — zoned schools average 39% FRL vs 57% district-wide (18 pts lower); this property's tenant base skews higher-income than the district average.
  • Market conditions: Rents soft (-0.6%/yr); 1074 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 99d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 68% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
  • This rent runs 38% of the median local income ($91k/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 $3k of loan paydown is wiped out by about $13k 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 161 days — a 12% lower offer ($369k) is reasonable based on typical stale-listing flexibility.
Recommended offer $257,268 (38.6% 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 161 days. Have you received any prior offers? Is the seller open to a 39% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. 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?
  5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. 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?
  8. 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.
  9. 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.
  10. 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
0.69%
Cap rate
3.09%
Cash-on-cash
-11.43%
DSCR
0.49
GRM
12.0

CMA / ARV

ARV (median comp)
$423,127
List price
$419,000
Delta
-0.98%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
26036 Clarkston Dr 0.37mi 2/2.0 1,496 (-2%) 0mo $725,000 $485 76
25833 Pebblecreek Dr 0.57mi 3/2.0 (+1) 1,554 (+1%) 1mo $425,000 $273 63
25548 Fenner Cir 1.38mi 3/2.0 (+1) 1,512 (-1%) 0mo $445,000 $294 56
4021 Whiskey Pointe Ln #202 1.29mi 2/2.0 1,466 (-4%) 0mo $375,000 $256 56
27228 Gasparilla Dr 1.24mi 3/2.0 (+1) 1,595 (+4%) 1mo $593,000 $372 51
25730 Lake Amelia Way #202 1.06mi 2/2.0 1,394 (-9%) 1mo $235,000 $169 47
9670 Village View Blvd #201 0.91mi 3/2.0 (+1) 1,649 (+8%) 0mo $320,000 $194 45
25711 Lake Amelia Way #102 1.13mi 2/2.0 1,320 (-14%) 1mo $247,500 $188 39
26650 Bonita Fairways Blvd #103 0.90mi 2/2.0 1,190 (-22%) 0mo $265,000 $223 38
26416 Bonita Fairways Blvd 0.97mi 3/2.5 (+1) 1,753 (+14%) 0mo $430,000 $245 36
26548 Bonita Fairways Blvd 1.03mi 3/2.5 (+1) 1,753 (+14%) 1mo $430,000 $245 35
27189 Gasparilla Dr 1.22mi 3/2.5 (+1) 1,832 (+20%) 0mo $915,000 $499 35

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
-41.3%
Equity multiple
-0.26×
Total profit
$-147,246
Equity at exit
$62,474
10-year hold
IRR
-96.3%
Equity multiple
-1.14×
Total profit
$-251,362
Equity at exit
$36,227

Cash invested: $117,320 (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.

Active competition Active MLS

For sale now
6 active · 2 under contract
Median asking
$372,000 ($277/sqft)
Median days on market
146 d
This list price
83% of active listings are priced below it
ARV vs active asking
-0.5% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34135

Rents YoY
-0.6%
Active inventory
1074
Price-to-rent
12.0×

Monthly cashflow live

Estimated rent
$2,910 high interval (Pro) →
Mortgage (P&I)
$2,197
Tax est. 1.5%
$524 /mo · $6,285/yr
Insurance
$175
HOA
$521
Vacancy / Maint / Mgmt
$611
Net cashflow
$-1,118

Break-even live

Break-even rent $4,325
Max offer price $257,268
Occupancy floor

Sensitivity live

Price -10% $-828 -5% $-973 +0% $-1,118 +5% $-1,262 +10% $-1,407
Rent -10% $-1,348 -5% $-1,233 +0% $-1,118 +5% $-1,003 +10% $-888
Rate -1.0pp $-907 -0.5pp $-1,011 base $-1,118 +0.5pp $-1,226 +1.0pp $-1,337

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
$104,750
Closing costs
$12,570
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
26310 Coco Cay Cir Unit 201 Bonita Springs, FL 3.0 3.5 1840 $3,195 $1.74 119d 1 0.02mi
26310 Coco Cay Cir Unit 101 Bonita Springs, FL 2.0 2.5 1498 $2,500 $1.67 9d 1 0.02mi
26430 Coco Cay Cir #203 Bonita Springs, FL 3.0 3.5 1840 $5,800 $3.15 9d 1 0.02mi
26331 Coco Cay Cir #203 Bonita Springs, FL 3.0 3.5 2027 $3,500 $1.73 119d 1 0.02mi
26331 Coco Cay Cir Unit 103 Bonita Springs, FL 2.0 2.5 1520 $2,100 $1.38 117d 1 0.02mi
26330 Coco Cay Cir #201 Bonita Springs, FL 3.0 3.5 1623 $3,250 $2.00 9d 1 0.03mi
26351 Coco Cay Cir Unit 201 Bonita Springs, FL 3.0 3.5 1863 $2,800 $1.50 9d 1 0.07mi
26351 Coco Cay Cir Bonita Springs, FL 3.0 4.0 1863 $2,800 $1.50 9d 1 0.07mi
26390 Coco Cay Cir #101 Bonita Springs, FL 2.0 2.5 1498 $2,700 $1.80 119d 1 0.08mi
26380 Coco Cay Cir Bonita Springs, FL 3.0 3.5 1738 $2,999 $1.73 65d 1 0.10mi
26380 Coco Cay Cir Bonita Springs, FL 3.0 3.5 1738 $3,200 $1.84 78d 1 0.10mi
26370 Coco Cay Cir Bonita Springs, FL 2.0 2.5 1443 $2,300 $1.59 9d 1 0.10mi
26343 Clarkston Dr Bonita Springs, FL 3.0 2.0 2148 $9,500 $4.42 119d 1 0.11mi
26343 Clarkston Dr Bonita Springs, FL 3.0 2.0 2148 $10,000 $4.66 9d 1 0.11mi
26409 Clarkston Dr Bonita Springs, FL 2.0 2.0 1571 $2,900 $1.85 9d 1 0.24mi
3321 Glen Cairn Ct #102 Bonita Springs, FL 3.0 2.5 1912 $9,000 $4.71 119d 1 0.39mi
9250 Highland Woods Blvd #2308 Bonita Springs, FL 2.0 2.0 1100 $1,995 $1.81 119d 1 0.56mi
9250 Highland Woods Blvd #2308 Bonita Springs, FL 2.0 2.0 1100 $1,995 $1.81 99d 1 0.56mi
3431 Pointe Creek Ct #102 Bonita Springs, FL 3.0 2.0 1546 $2,265 $1.47 87d 1 0.63mi
3412 Pointe Creek Ct #102 Bonita Springs, FL 3.0 2.0 1622 $6,250 $3.85 119d 1 0.65mi
3412 Pointe Creek Ct #102 Bonita Springs, FL 3.0 2.0 1622 $6,250 $3.85 9d 1 0.65mi
25925 Pebblecreek Dr Bonita Springs, FL 2.0 2.0 1498 $2,850 $1.90 9d 1 0.66mi
25925 Pebblecreek Dr Bonita Springs, FL 2.0 2.0 1498 $2,950 $1.97 74d 1 0.66mi
3442 Pointe Creek Ct #201 Bonita Springs, FL 3.0 2.0 1673 $7,000 $4.18 99d 1 0.67mi
3461 Pointe Creek Ct #306 Bonita Springs, FL 3.0 2.0 1650 $3,150 $1.91 119d 1 0.70mi
3460 Pointe Creek Ct #102 Bonita Springs, FL 3.0 2.0 1622 $6,800 $4.19 119d 1 0.72mi
26751 Clarkston Dr #102 Bonita Springs, FL 2.0 2.0 1256 $6,500 $5.18 119d 1 0.72mi
3661 Wild Pines Dr #201 Bonita Springs, FL 2.0 2.0 1268 $7,000 $5.52 9d 1 0.75mi
3621 Wild Pines Dr #207 Bonita Springs, FL 2.0 2.0 1064 $6,000 $5.64 119d 1 0.78mi
9450 Highland Woods Blvd #6203 Bonita Springs, FL 2.0 2.0 1100 $6,000 $5.45 110d 1 0.80mi
9124 Brendan Preserve Ct Bonita Springs, FL 3.0 2.0 1699 $2,950 $1.74 119d 1 0.80mi
3421 Marbella Ct Bonita Springs, FL 3.0 3.5 2073 $8,500 $4.10 9d 1 0.81mi
8861 Colonnades Ct W #216 Bonita Springs, FL 3.0 2.0 1207 $2,200 $1.82 119d 1 0.82mi
9500 Highland Woods Blvd #207 Bonita Springs, FL 2.0 2.0 1162 $4,900 $4.22 78d 1 0.84mi
9500 Highland Woods Blvd #207 Bonita Springs, FL 2.0 2.0 1162 $1,600 $1.38 119d 1 0.84mi
27123 Kindlewood Ln Bonita Springs, FL 2.0 2.0 1715 $4,500 $2.62 119d 1 0.87mi
26961 Clarkston Dr #9208 Bonita Springs, FL 2.0 2.0 1556 $6,600 $4.24 9d 1 0.88mi
9304 Lake Abby Ln Bonita Springs, FL 3.0 2.0 1631 $3,700 $2.27 99d 1 0.88mi
26630 Rosewood Pointe Dr Unit 1 Bonita Springs, FL 2.0 2.0 1659 $2,400 $1.45 82d 1 0.88mi
26630 Rosewood Pointe Dr #306 Bonita Springs, FL 2.0 2.0 1688 $2,400 $1.42 84d 1 0.88mi

Property features AI

Finance

Other
Unit is one of 72 units in the complex and 4 units in the buildingSingle-floor unit
HOA & community
Mandatory HOA with professional managementMonthly condo fee of $521.49 (annual recurring fees $6,252)One-time fees: $150HOA covers insurance and community amenities include clubhouse, community pool, and exercise roomGated community

Exterior

Parking
Paved parkingAttached 1-car garage
Security
Gated communityImpact resistant windows and doors
Utilities
Central waterCentral sewerCable available
Home design
Residential end-unit in a low-rise building (1–3 stories)Rear exposure faces northPart of Villa Mar Bonita Beach development
Construction
Built in 2023Concrete block constructionVinyl siding exteriorMetal roofImpact resistant windows and doors
Exterior features
Private roadPaved road accessLandscaped area viewDeeded restrictions with no RV allowedScreened porch (guest house description)

Interior

Kitchen
RangeMicrowaveDishwasherDisposalRefrigerator/FreezerRefrigerator with icemakerPantry
Bedrooms
2 bedroomsMaster bedroom on the ground floorSplit bedroom floor planFirst-floor bedroom
Flooring
Tile flooring
Bathrooms
2 full bathrooms1 half bathroomMaster bath with dual sinks
Heating & cooling
Central electric cooling
Interior features
Built-in cabinetsCable prewireFire sprinkler systemFoyerHigh-speed internet availablePantryPull-down attic stairsSmoke detectorsVolume ceilingsWalk-in closetScreened lanai/porch
Laundry & utility
WasherDryerWasher/Dryer hookupAuto garage door

HOA detail $521/mo · $6,252/yr condo

Assessments
None detected in remarks — confirm with the listing agent.

Listing history 28 events

  1. 2026-07-13
    days on market $419,000 Active 161 DOM
  2. 2026-07-13
    days on market $419,000 Active 160 DOM
  3. 2026-07-12
    days on market $419,000 Active 159 DOM
  4. 2026-07-10
    days on market $419,000 Active 158 DOM
  5. 2026-07-10
    days on market $419,000 Active 157 DOM
  6. 2026-07-07
    days on market $419,000 Active 155 DOM
  7. 2026-07-06
    days on market $419,000 Active 154 DOM
  8. 2026-07-05
    days on market $419,000 Active 153 DOM
  9. 2026-07-02
    days on market $419,000 Active 150 DOM
  10. 2026-07-01
    days on market $419,000 Active 149 DOM
  11. 2026-06-30
    days on market $419,000 Active 148 DOM
  12. 2026-06-29
    days on market $419,000 Active 147 DOM
  13. 2026-06-28
    days on market $419,000 Active 146 DOM
  14. 2026-06-25
    days on market $419,000 Active 142 DOM
  15. 2026-06-22
    days on market $419,000 Active 140 DOM
  16. 2026-06-22
    days on market $419,000 Active 139 DOM
  17. 2026-06-17
    days on market $419,000 Active 135 DOM
  18. 2026-06-16
    days on market $419,000 Active 134 DOM
  19. 2026-06-15
    days on market $419,000 Active 133 DOM
  20. 2026-06-13
    days on market $419,000 Active 131 DOM
  21. 2026-06-10
    days on market $419,000 Active 128 DOM
  22. 2026-06-09
    days on market $419,000 Active 127 DOM
  23. 2026-06-07
    days on market $419,000 Active 125 DOM
  24. 2026-06-02
    days on market $419,000 Active 120 DOM
  25. 2026-06-01
    days on market $419,000 Active 119 DOM
  26. 2026-06-01
    days on market $419,000 Active 118 DOM
  27. 2026-05-22
    price $419,000
  28. 2026-02-02
    listed $439,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$34,920
− Mortgage interest
−$23,471
− Property taxes
−$6,285
− Insurance
−$2,095
− Repairs & maintenance
−$2,794
− Management
−$2,794
− HOA
−$6,252
− Depreciation
−$12,189
Taxable loss
−$20,959
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$5,030
After-tax cash flow
$-8,382/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 · 13 photos

Excellent 95/100 None rehab

This townhouse is in excellent condition with no visible repairs or maintenance needed. The home is move-in ready and has a great curb appeal.

Value-add opportunities

  • Both Landscaping and curb appeal — A well-maintained landscape and curb appeal can enhance the home's visual appeal and attract potential buyers or renters.
D Composite school gradezoned avg 52/100

Zoned Schools

Elementary Bonita Springs Elementary School C- FL #976/2,144 Nat'l #11,114/41,679 Middle Bonita Springs Middle Center For The Arts C+ FL #209/571 Nat'l #2,873/14,009 High Estero High School D FL #179/667 Nat'l #5,677/17,239

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
B Composite livability gradescore 70/100

Livability — Bonita Springs

Score
70/100
State rank
#428
US rank
#7576

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Bonita Springs, FL
County
Lee County · 871,946 people
City population
64,727
Metro
Cape Coral-Fort Myers, FL
Population (ZIP)
48,252
Household income
$91,380
Rent vs Own
17.7% rent · 82.3% own
Severe rent burden
17% 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 (69%)
Race & ethnicity
White 69% Hispanic / Latino 26% Two or more races 13% Native American 3% Black 2%
Hispanic origin (detail)
Mexican 8% Puerto Rican 4% Cuban 3%
Common ancestry
Romanian 5% Lithuanian 2% Slovak 2%
Foreign-born
22% · Canada, Jamaica
Languages at home
74% English-only · Spanish 21% French/Haitian/Cajun 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

Price history

-4.6% since first listed
2 events — show timeline
  • 2026-05-22 Price Changed $419,000 NAPLESMLS
  • 2026-02-02 Listed $439,000 NAPLESMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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