CashFlowRE
Sign in Sign up
1247 Bacon Ave Unit A & Unit B Duplex
D Composite 40.36
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).

  • ARV discount +15.0/15.0
  • Cash flow +8.1/30.0
  • Condition / age +3.8/5.0
  • Schools +3.5/10.0
  • Livability +3.0/5.0
  • 1% rule +2.5/10.0
  • Rent growth +2.5/5.0
  • DSCR +2.1/10.0
  • Appreciation +0.0/10.0

$364,900

1247 Bacon Ave Unit A & Unit B · Lehigh Acres, FL 33913
6 bd · 4.0 ba · 2,166 sqft · MultiFamily · 175 Days on market
Built 2005 Good condition 0.30 ac lot $168/sqft · 19% below area Est $452k · 19% under ↓ 1% since listing

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

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Income-producing opportunity in an outskirts Fort Myers location! This well-maintained duplex is ideally situated just off State Road 82, conveniently positioned between Fort Myers and Immokalee, offering easy access for commuters, local employment centers, and growing development corridors. Each unit features 3 spacious bedrooms and 2 full bathrooms, with durable all-tile flooring throughout for low-maintenance living and long-term tenant appeal. Bright, open living areas flow into functional kitchens, private open patios — perfect for outdoor relaxation.

Key facts

  • Private open patios
  • Functional kitchens
  • 0.3 acre lot

Tags

WELL MAINTAINED DUPLEXDURABLE ALL TILE FLOORINGBRIGHT OPEN LIVING AREASFUNCTIONAL KITCHENSPRIVATE OPEN PATIOSSTRONG RENTAL POTENTIAL

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 × 3-bed/2.0-bath units multifamily listed at $365k. Condition is rated good.
  • This rent per unit is only 15% of the median local income ($110k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Deal economics

  • At list price, monthly cash flow is $-361 ($-4k/yr) — negative. Per door: $-181/mo.
  • To cash-flow at today's rent, offer at most $313k (14.3% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $274k (25.0% below list).
  • Recommended offer: $274k (25.0% 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+, 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: 1081 active listings in the ZIP; high-income renter base; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k 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 175 days — a 12% lower offer ($321k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $273,500 (25.0% 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 175 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
  3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  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
0.75%
Cap rate
5.11%
Cash-on-cash
-4.24%
DSCR
0.81
GRM
11.1

CMA / ARV

ARV (median comp)
$451,789
List price
$364,900
Delta
-19.23%
Verdict
UNDERPRICED
Comps
5 within 2.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1024 Hatfield St 0.88mi 4/3.0 (-2) 1,920 (-11%) 5mo $370,000 $193 28
1122 S Edelweiss St E 0.78mi 4/3.0 (-2) 1,650 (-24%) 2mo $355,000 $215 24
1071 Graystone Ave 1.21mi 4/2.0 (-2) 1,829 (-16%) 0mo $325,000 $178 22
1014 Countess Ave 1.37mi 4/2.0 (-2) 1,714 (-21%) 0mo $360,000 $210 22
916 Manresa Ave S 1.63mi 4/2.0 (-2) 1,642 (-24%) 1mo $328,900 $200 21
1076/1078 Ainsworth St E 2.22mi 4/2.0 (-2) 1,706 (-21%) 1mo $295,000 $173 21
1247 Earnest St E 1.67mi 4/2.0 (-2) 1,671 (-23%) 2mo $330,000 $197 21
766 Roma Ave S 2.24mi 4/2.0 (-2) 1,842 (-15%) 2mo $330,000 $179 21
1246 Ecclesia St E 1.41mi 4/2.0 (-2) 1,571 (-28%) 2mo $317,000 $202 20
1121 Parnell Ct 0.78mi 4/2.0 (-2) 1,811 (-16%) 9mo $304,990 $168 14
768 Roma Ave S 2.22mi 4/2.0 (-2) 1,842 (-15%) 10mo $340,000 $185 14
1104 Garibaldi St E 2.02mi 4/2.0 (-2) 1,842 (-15%) 11mo $349,000 $189 13

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 · 3.0% rent growth · sell at horizon

5-year hold
IRR
-23.4%
Equity multiple
0.20×
Total profit
$-82,086
Equity at exit
$54,408
10-year hold
IRR
-18.2%
Equity multiple
0.01×
Total profit
$-100,925
Equity at exit
$31,550

Cash invested: $102,172 (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
3 active · 1 under contract
Median asking
$489,900 ($218/sqft)
Median days on market
105 d
This list price
lowest-priced of the active set
ARV vs active asking
-4.4% vs current asking $/sqft

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

ZIP-level market 33913

Home prices YoY
-10.3%
Active inventory
1081
Price-to-rent
22.2×

Monthly cashflow live

Estimated rent
$2,735 high interval (Pro) →
Mortgage (P&I)
$1,914
Tax est. 1.5%
$456 /mo · $5,474/yr
Insurance
$152
HOA
$0
Vacancy / Maint / Mgmt
$574
Net cashflow
$-361

2-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (2 units) $2,735

Break-even live

Break-even rent $3,192
Max offer price $312,649
Occupancy floor

Sensitivity live

Price -10% $-109 -5% $-235 +0% $-361 +5% $-487 +10% $-613
Rent -10% $-577 -5% $-469 +0% $-361 +5% $-253 +10% $-145
Rate -1.0pp $-177 -0.5pp $-268 base $-361 +0.5pp $-456 +1.0pp $-552

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
$91,225
Closing costs
$10,947
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 31 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1247 Bacon Ave Apt B Fort Myers, FL 3.0 2.0 1083 $1,385 $1.28 6d 1 0.01mi
1247 Bacon Ave Apt B Fort Myers, FL 3.0 2.0 1083 $1,350 $1.25 5d 1 0.01mi
1248 Columbus Blvd Unit B Fort Myers, FL 3.0 2.0 1100 $1,850 $1.68 119d 1 0.04mi
1248 Columbus Blvd Unit B Fort Myers, FL 3.0 2.0 1101 $1,500 $1.36 10d 1 0.04mi
1253 Columbus Blvd Fort Myers, FL 3.0 2.0 1288 $1,650 $1.28 119d 1 0.09mi
1240 Columbus Blvd Unit A Fort Myers, FL 3.0 2.0 1230 $1,600 $1.30 0d 1 0.11mi
1262 Best Ave Fort Myers, FL 3.0 2.0 1288 $1,600 $1.24 110d 1 0.16mi
1141 Columbo Ave S Lehigh Acres, FL 3.0 2.0 1450 $1,700 $1.17 8d 1 0.43mi
1141 Columbo Ave S Lehigh Acres, FL 3.0 2.0 1450 $1,700 $1.17 10d 1 0.43mi
1128 Hayes Ave S Lehigh Acres, FL 4.0 2.0 1449 $2,086 $1.44 10d 1 0.51mi
1125 Deauville St E Lehigh Acres, FL 3.0 2.0 1292 $1,800 $1.39 82d 1 0.56mi
1123 Deauville St E Lehigh Acres, FL 3.0 2.0 1292 $1,800 $1.39 1d 1 0.56mi
1270 Bermar St Fort Myers, FL 3.0 2.0 1408 $1,615 $1.15 63d 1 0.63mi
1150 Darling St E Lehigh Acres, FL 3.0 2.0 1292 $1,800 $1.39 119d 1 0.64mi
1051 Marine Ave S Lehigh Acres, FL 3.0 2.0 1057 $1,800 $1.70 119d 1 0.87mi
1028 Eubanks St Lehigh Acres, FL 3.0 3.0 1200 $1,950 $1.62 112d 1 0.95mi
1116 Ectype St E Lehigh Acres, FL 3.0 2.0 1055 $1,750 $1.66 8d 1 1.03mi
1116 Ectype St E Lehigh Acres, FL 3.0 2.0 1055 $1,850 $1.75 10d 1 1.03mi
1114 Ectype St E Lehigh Acres, FL 3.0 2.0 1055 $1,850 $1.75 10d 1 1.03mi
1114 Ectype St E Lehigh Acres, FL 3.0 2.0 1055 $1,750 $1.66 8d 1 1.03mi
1118 Eisenhower Blvd Lehigh Acres, FL 3.0 2.0 1380 $1,750 $1.27 65d 1 1.04mi
1129 Graystone Ave Lehigh Acres, FL 3.0 2.0 1025 $1,600 $1.56 119d 1 1.06mi
1129 Graystone Ave Lehigh Acres, FL 3.0 2.0 1025 $1,700 $1.66 10d 1 1.06mi
1130 Graystone Ave Lehigh Acres, FL 3.0 2.5 1200 $1,900 $1.58 63d 1 1.09mi
1135 Harvest Ave Unit A Lehigh Acres, FL 2.0 2.0 1150 $1,450 $1.26 110d 1 1.16mi
1021 Berwick St Lehigh Acres, FL 3.0 2.0 1272 $1,700 $1.34 6d 1 1.17mi
1021 Berwick St Lehigh Acres, FL 3.0 2.0 1272 $1,685 $1.32 5d 1 1.17mi
1107 Enrique St E Lehigh Acres, FL 3.0 2.0 1363 $1,800 $1.32 119d 1 1.18mi
1062 Countess Ave Lehigh Acres, FL 3.0 2.0 1048 $1,499 $1.43 5d 1 1.20mi
1062 Countess Ave Lehigh Acres, FL 3.0 2.0 1048 $1,550 $1.48 6d 1 1.20mi
1141 Ebert St E Lehigh Acres, FL 3.0 2.0 1458 $1,491 $1.02 10d 1 1.45mi

Property features AI

Finance

Financial info
Gross scheduled income: $34,620Current rents listed: Unit A $1,600; Unit B $1,285Pets allowedTenants pay application fee, electricity, and grounds care
HOA & community
No association feeNon-gated community

Exterior

Utilities
Septic tank sewerWell waterCable available
Home design
Multifamily property with 2 unitsResale conditionZoned RM-2Lot dimensions approximately 109 x 125 x 105 x 125
Construction
Block, concrete and stucco constructionShingle roofBuilt on standard foundation (specifics not provided)
Exterior features
PatioWell water

Interior

Kitchen
Kitchens present in each unit (appliances not specified)
Bedrooms
Two three-bedroom units
Flooring
Tile
Bathrooms
Each unit has 2 full bathrooms (4 full bathrooms total)
Heating & cooling
Central heating (electric)Central air conditioning (electric)
Interior features
Single-hung windowsTile flooring
Laundry & utility
Laundry in residence for each unit

Listing history 46 events

  1. 2026-08-11
    days on market $364,900 Active 175 DOM
  2. 2026-08-10
    days on market $364,900 Active 174 DOM
  3. 2026-08-09
    days on market $364,900 Active 173 DOM
  4. 2026-08-07
    days on market $364,900 Active 171 DOM
  5. 2026-08-06
    days on market $364,900 Active 170 DOM
  6. 2026-08-05
    days on market $364,900 Active 169 DOM
  7. 2026-08-04
    days on market $364,900 Active 168 DOM
  8. 2026-07-30
    days on market $364,900 Active 162 DOM
  9. 2026-07-28
    days on market $364,900 Active 161 DOM
  10. 2026-07-26
    days on market $364,900 Active 159 DOM
  11. 2026-07-24
    days on market $364,900 Active 157 DOM
  12. 2026-07-23
    days on market $364,900 Active 156 DOM
  13. 2026-07-22
    days on market $364,900 Active 155 DOM
  14. 2026-07-21
    days on market $364,900 Active 154 DOM
  15. 2026-07-18
    days on market $364,900 Active 151 DOM
  16. 2026-07-18
    days on market $364,900 Active 150 DOM
  17. 2026-07-16
    days on market $364,900 Active 149 DOM
  18. 2026-07-15
    days on market $364,900 Active 148 DOM
  19. 2026-07-13
    days on market $364,900 Active 146 DOM
  20. 2026-07-13
    days on market $364,900 Active 145 DOM
  21. 2026-07-12
    days on market $364,900 Active 144 DOM
  22. 2026-07-10
    days on market $364,900 Active 143 DOM
  23. 2026-07-09
    days on market $364,900 Active 142 DOM
  24. 2026-07-07
    days on market $364,900 Active 140 DOM
  25. 2026-07-06
    days on market $364,900 Active 139 DOM
  26. 2026-07-05
    days on market $364,900 Active 138 DOM
  27. 2026-07-02
    days on market $364,900 Active 135 DOM
  28. 2026-07-01
    days on market $364,900 Active 134 DOM
  29. 2026-06-30
    days on market $364,900 Active 133 DOM
  30. 2026-06-29
    days on market $364,900 Active 132 DOM
  31. 2026-06-28
    days on market $364,900 Active 131 DOM
  32. 2026-06-25
    days on market $364,900 Active 127 DOM
  33. 2026-06-22
    days on market $364,900 Active 125 DOM
  34. 2026-06-22
    days on market $364,900 Active 124 DOM
  35. 2026-06-17
    days on market $364,900 Active 120 DOM
  36. 2026-06-16
    days on market $364,900 Active 119 DOM
  37. 2026-06-15
    days on market $364,900 Active 118 DOM
  38. 2026-06-13
    days on market $364,900 Active 116 DOM
  39. 2026-06-10
    days on market $364,900 Active 113 DOM
  40. 2026-06-09
    days on market $364,900 Active 112 DOM
  41. 2026-06-07
    days on market $364,900 Active 110 DOM
  42. 2026-06-02
    days on market $364,900 Active 105 DOM
  43. 2026-06-01
    days on market $364,900 Active 104 DOM
  44. 2026-06-01
    days on market $364,900 Active 103 DOM
  45. 2026-02-27
    price $364,900
  46. 2026-02-17
    listed $370,000 Active

ⓘ 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 9/10 Extreme 7 d/yr ≥109°F today · 27 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$32,820
− Mortgage interest
−$20,440
− Property taxes
−$5,474
− Insurance
−$1,824
− Repairs & maintenance
−$2,626
− Management
−$2,626
− Depreciation
−$10,615
Taxable loss
−$10,785
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,588
After-tax cash flow
$-1,745/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

Good 75/100 Cosmetic rehab Est. rehab $10,830–$32,490 screening

This well-maintained duplex is in good condition with minimal repairs needed. Painting the exterior and interior trim would significantly enhance its curb appeal and value for both resale and rental.

Value-add opportunities

  • Both Paint exterior siding — Enhances curb appeal and value for both resale and rental
  • Both Trim and paint interior trim — Improves the home's aesthetic and value for both resale and rental
  • Both Clean and maintain HVAC system — Ensures efficient operation and extends system lifespan, improving comfort and value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 35/100

Zoned Schools

Elementary Mirror Lakes Elementary School D- FL #1,223/2,144 Nat'l #15,452/41,679 Middle Lehigh Acres Middle School F FL #421/571 Nat'l #7,581/14,009 High East Lee County High School F FL #533/667 Nat'l #13,485/17,239

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
D Composite livability gradescore 59/100

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 · 871,946 people
City population
130,638
Metro
Cape Coral-Fort Myers, FL
Population (ZIP)
31,538
Household income
$110,373
Rent vs Own
9.5% rent · 90.5% own
Severe rent burden
13% 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 (74%)
Race & ethnicity
White 74% Hispanic / Latino 13% Two or more races 11% Black 5% Asian 2%
Hispanic origin (detail)
Mexican 3% Puerto Rican 3% Cuban 2%
Common ancestry
Romanian 5% Lithuanian 3% Slovak 2%
Foreign-born
14% · Canada, Vietnam, China
Languages at home
84% English-only · Spanish 10% Other Indo-European 2% French/Haitian/Cajun 2%

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

-1.4% since first listed
2 events — show timeline
  • 2026-02-27 Price Changed $364,900 FORTMLS
  • 2026-02-17 Listed $370,000 FORTMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…