2312 Orange St · Lehigh Acres, FL 33936

$140,000

2 bd · 2.0 ba · 956 sqft · Condo public records · 86 Days on market

Built 1979 $75/mo HOA · 6% of rent

---

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).

• Cash flow +14.4/30.0
• ARV discount +7.5/15.0
• 1% rule +4.7/10.0
• DSCR +4.4/10.0
• 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 MLS

BRAND NEW DIMENSIONAL SHINGLE ROOF BEING INSTALLED PRIOR TO CLOSING, NO AGE RESTRICTIONS HERE. Two bedroom two bath with covered carport, enclosed 15 X 15 Florida room in the rear plus an open patio area, low monthly maintenance fee covers the cost of lawn maintenance and irrigation system, newer DAIKEN central heat and air installed in 2018, new water heater in 2017, new laminate floors in the family room, indoor laundry area, vaulted ceilings in the living room, new tile in the tub and shower areas in both bathrooms, master bedroom with private access to master bathroom with walk in shower, central water and sewer, walking distance to stores etc.

Key facts

• Open patio area
• Newer central a/c
• Covered carport

Tags

• COVERED CARPORT
• ENCLOSED FLORIDA ROOM
• OPEN PATIO AREA
• LOW MONTHLY MAINTENANCE FEE
• NEW ROOF
• NEWER CENTRAL A/C

Property features AI

Finance

• Other: Part of a 12-unit community; Zoning: RM-2
• HOA & community: HOA present with management; Monthly HOA fee of $75 including trash

Exterior

• Parking: Deeded parking; Driveway; Paved parking; On-street parking; Attached carport; 1 covered carport space; Two spaces total
• Security: Security system
• Utilities: Public water; Public sewer; Cable available; High-speed internet available
• Home design: Single-story; Entry level: 1; Resale property; Faces west
• Construction: Block and concrete construction; Shingle roof
• Exterior features: Patio; East exposure; Has view

Interior

• Kitchen: Electric cooktop; Range; Microwave; Disposal; Refrigerator
• Bedrooms: Primary bedroom on main level; Bedroom on main level
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air; Ceiling fan(s); Heat pump; Electric cooling; Gas heating; Propane heating
• Interior features: Furnishing negotiable; Separate/formal dining room; Family/dining room; Living/dining room; Shower only with separate shower
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $140k.

Deal economics

• At list price, monthly cash flow is $27 ($323/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $136k (3.1% below list).
• Recommended offer: $132k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.5% 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+, 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: Veterans Park Academy For The Arts (math 41% / reading 45%, grade F, #1,366 of 2,144 statewide, top 64%, 2,133 students, 36% FRL); Oak Hammock Middle School (math 43% / reading 41%, grade D-, #340 of 571 statewide, top 61%, 1,563 students, 56% FRL); Lehigh Senior High School (math 23% / reading 45%, grade F, #394 of 667 statewide, top 60%, 2,476 students, 57% FRL).
• Market conditions: Rents soft (-0.8%/yr); 644 active listings in the ZIP; 10 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 32% 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 $968 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 86 days — a 6% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $19k (12%) 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 $131,600 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% 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. 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. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.97% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.82%
• DSCR: 1.04
• GRM: 8.6

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: -18.6%
• Equity multiple: 0.37×
• Total profit: $-24,877
• Equity at exit: $20,874

10-year hold

• IRR: -19.4%
• Equity multiple: 0.12×
• Total profit: $-34,536
• Equity at exit: $12,105

Cash invested: $39,200 (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 33936

• Home prices YoY: -19.9%
• Rents YoY: -0.8%
• Active inventory: 644
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,356 high
• Mortgage (P&I): −$734
• Tax from tax record: −$177 /mo · $2,121/yr
• Insurance: −$58
• HOA: −$75
• Vacancy / Maint / Mgmt: −$285
• Net cashflow: $27

Break-even live

Break-even rent $1,322

Max offer price $140,000

Occupancy floor 93%

Sensitivity live

Price	-10% $106	-5% $67	+0% $27	+5% $-13	+10% $-52
Rent	-10% $-80	-5% $-27	+0% $27	+5% $80	+10% $134
Rate	-1.0pp $97	-0.5pp $63	base $27	+0.5pp $-9	+1.0pp $-46

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2201 E 5th St #23 Lehigh Acres, FL	2.0	2.0	1011	$1,300	$1.29	5d	1	0.12mi
343 Joel Blvd #111 Lehigh Acres, FL	2.0	2.0	921	$900	$0.98	25d	1	0.23mi
2213 Gardenia Way Lehigh Acres, FL	2.0	1.5	900	$1,740	$1.93	25d	1	0.27mi
333 Joel Blvd Lehigh Acres, FL	2.0	1.0–2.0	877	$1,048	$1.19	18d	2	0.31mi
321 Dania St Lehigh Acres, FL	2.0	2.0	915	$1,800	$1.97	25d	1	0.54mi
198 Joel Blvd #6 Lehigh Acres, FL	2.0	2.0	1036	$1,200	$1.16	4d	1	0.85mi
732 Joel Blvd Lehigh Acres, FL	2.0	2.0	788	$1,200	$1.52	25d	1	0.88mi
738 Joel Blvd Lehigh Acres, FL	2.0	2.0	968	$1,050	$1.08	25d	1	0.88mi
347 Richland Rd Lehigh Acres, FL	2.0	2.0	1040	$1,150	$1.11	25d	1	1.10mi
3803 E 6th St Lehigh Acres, FL	3.0	2.0	1100	$1,485	$1.35	25d	1	1.34mi

HOA detail condo

• Monthly dues: $75 · $900/yr
• Likely covers: watersewer
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 13 events

1. 2026-06-22
   pricestatusdays on market $140,000 Active 86 DOM
2. 2026-05-20
   price $150,000
3. 2026-03-03
   listed $159,000 Active
4. 2023-12-06
   soldstatus $150,000
5. 2023-11-30
   soldstatus $150,000 Closed 656-char remark

   Show marketing remark (656 chars)

   BRAND NEW DIMENSIONAL SHINGLE ROOF BEING INSTALLED PRIOR TO CLOSING, NO AGE RESTRICTIONS HERE. Two bedroom two bath with covered carport, enclosed 15 X 15 Florida room in the rear plus an open patio area, low monthly maintenance fee covers the cost of lawn maintenance and irrigation system, newer DAIKEN central heat and air installed in 2018, new water heater in 2017, new laminate floors in the family room, indoor laundry area, vaulted ceilings in the living room, new tile in the tub and shower areas in both bathrooms, master bedroom with private access to master bathroom with walk in shower, central water and sewer, walking distance to stores etc.

6. 2023-11-03
   status Pending 656-char remark

   Show marketing remark (656 chars)

   BRAND NEW DIMENSIONAL SHINGLE ROOF BEING INSTALLED PRIOR TO CLOSING, NO AGE RESTRICTIONS HERE. Two bedroom two bath with covered carport, enclosed 15 X 15 Florida room in the rear plus an open patio area, low monthly maintenance fee covers the cost of lawn maintenance and irrigation system, newer DAIKEN central heat and air installed in 2018, new water heater in 2017, new laminate floors in the family room, indoor laundry area, vaulted ceilings in the living room, new tile in the tub and shower areas in both bathrooms, master bedroom with private access to master bathroom with walk in shower, central water and sewer, walking distance to stores etc.

7. 2023-11-01
   listed $150,000 Active 656-char remark

   Show marketing remark (656 chars)

   BRAND NEW DIMENSIONAL SHINGLE ROOF BEING INSTALLED PRIOR TO CLOSING, NO AGE RESTRICTIONS HERE. Two bedroom two bath with covered carport, enclosed 15 X 15 Florida room in the rear plus an open patio area, low monthly maintenance fee covers the cost of lawn maintenance and irrigation system, newer DAIKEN central heat and air installed in 2018, new water heater in 2017, new laminate floors in the family room, indoor laundry area, vaulted ceilings in the living room, new tile in the tub and shower areas in both bathrooms, master bedroom with private access to master bathroom with walk in shower, central water and sewer, walking distance to stores etc.

8. 2023-10-26
   historical
9. 2023-10-26
   historical
10. 2023-10-26
    listed $150,000
11. 1999-04-07
    soldstatus $48,900
12. 1999-04-06
    soldstatus $27,900
13. 1979-11-01
    soldstatus $23,800

ⓘ 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: $2,121 · $177/mo
• Projected year-2 tax: $2,121 · $177/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 1/10 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: $16,272
• − Mortgage interest: −$7,842
• − Property taxes: −$2,121
• − Insurance: −$700
• − Repairs & maintenance: −$1,302
• − Management: −$1,302
• − HOA: −$900
• − Depreciation: −$4,073
• Taxable loss: −$1,968
• Est. tax savings @ 24.0%: +$472
• After-tax cash flow: $796/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

+530.3% since first listed

12 events — show timeline

• 2026-05-20 Price Changed $150,000 FORTMLS
• 2026-03-03 Listed $159,000 FORTMLS
• 2023-12-06 Sold (Public Records) $150,000 Public Records
• 2023-11-30 Sold (MLS) $150,000 FORTMLS
• 2023-11-03 Pending — FORTMLS
• 2023-11-01 Listed $150,000 FORTMLS
• 2023-10-26 Listing Removed — FORTMLS
• 2023-10-26 Listing Removed — FORTMLS
• 2023-10-26 Listed $150,000 FORTMLS
• 1999-04-07 Sold (Public Records) $48,900 Public Records
• 1999-04-06 Sold (Public Records) $27,900 Public Records
• 1979-11-01 Sold (Public Records) $23,800 Public Records

Property tax history

+20.7%/yr

Latest (2025): $2,121 · +3.0% YoY. Source: county tax records.