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3857/3859 Kittyhawk Dr Duplex
D+ Composite 46.96
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 +13.2/30.0
  • DSCR +4.0/10.0
  • 1% rule +3.7/10.0
  • Schools +3.6/10.0
  • Livability +3.0/5.0
  • Condition / age +2.8/5.0
  • Rent growth +1.8/5.0
  • Appreciation +0.0/10.0

$399,800

3857/3859 Kittyhawk Dr · Lehigh Acres, FL 33905
4 bd · 4.0 ba · 2,174 sqft · MultiFamily · 56 Days on market
Built 2007 Average condition Garage $184/sqft · 18% below area Est $490k · 18% under

🖨 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

ADORABLE, SPACIOUS UPGRADED 4 BEDROOMS, 4 BATHROOM DUPLEX. LOCATED IN BUCKINGHAM ON APPROXIMATELY 1/3 ACRE. ONE UNIT IS RENTED MONTH TO MONTH. THE SECOND UNIT IS VACANT WITH FULL SIZED WASHER & DRYER. THE RENTED UNIT DOES NOT HAVE A WASHER & DRYER. ORIGINALLY BUILT BY A CONTRACTOR FOR HIS FAMILY!!! THIS IS AN EXCELLENT INVESTMENT INCOME PRODUCING PROPERTY! PERFECT FOR A YOUNG COUPLE OR A RETIRED OR SEMI RETIRED COUPLE. HURRICANE SHUTTERS INCLUDED. HURRICANE GARAGE DOORS. EXTENDED DRIVEWAYS! ALSO INCLUDED: EACH UNIT HAS A WATER SOFTENER AND AERATOR!!

Key facts

  • Extended driveways
  • Water softener
  • 1/3 acre

Tags

1/3 ACREFULL SIZED WASHERHURRICANE SHUTTERSHURRICANE GARAGE DOORSEXTENDED DRIVEWAYSWATER SOFTENER

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 × 2-bed/2.0-bath units multifamily listed at $400k. Condition is rated average.

Deal economics

  • At list price, monthly cash flow is $-8 ($-98/yr) — negative. Per door: $-4/mo.
  • To cash-flow at today's rent, offer at most $399k (0.3% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $349k (12.8% below list).
  • Recommended offer: $349k (12.8% below list) — sets the bar for 1% rule.
  • Cap rate 6.3% 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 (-3.0%/yr); 941 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals lingering (median 47d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 76% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $12k 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 56 days — a 3% lower offer ($388k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $348,700 (12.8% 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 56 days. Have you received any prior offers? Is the seller open to a 13% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  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
0.87%
Cap rate
6.27%
Cash-on-cash
-0.09%
DSCR
1.00
GRM
9.6

CMA / ARV

ARV (median comp)
$490,162
List price
$399,800
Delta
-18.44%
Verdict
UNDERPRICED
Comps
5 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
3448 Murcia Ct 0.59mi 4/3.0 2,032 (-6%) 0mo $345,000 $170 57
16000 Palmetto Prairie Dr 1.22mi 4/2.0 2,162 (-1%) 0mo $339,000 $157 56
3413 Nombella Ct 0.99mi 4/3.0 2,271 (+4%) 2mo $390,000 $172 52
14520 Adina Ln 0.98mi 4/2.0 2,251 (+4%) 0mo $450,000 $200 51
14261 Mindello Dr 1.47mi 4/2.5 2,362 (+9%) 0mo $565,000 $239 44
3140 Sedano Ct 1.24mi 4/3.0 2,445 (+12%) 2mo $490,000 $200 39
14564 Carva Ln 0.69mi 3/3.0 (-1) 2,445 (+12%) 2mo $540,000 $221 37
16072 Palmetto Prairie Dr 1.38mi 3/2.0 (-1) 1,971 (-9%) 0mo $469,900 $238 36
14688 Cantabria Dr 0.65mi 3/3.0 (-1) 1,852 (-15%) 1mo $300,000 $162 35
14107 Vindel Cir 1.24mi 3/3.0 (-1) 1,852 (-15%) 0mo $306,600 $166 31
3411 75th St W 1.31mi 4/2.0 1,829 (-16%) 2mo $318,000 $174 30
3764 Finsbury Way 0.97mi 3/3.0 (-1) 2,643 (+22%) 3mo $767,900 $291 28

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
-19.9%
Equity multiple
0.33×
Total profit
$-75,473
Equity at exit
$59,611
10-year hold
IRR
-21.0%
Equity multiple
0.06×
Total profit
$-105,672
Equity at exit
$34,567

Cash invested: $111,944 (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.

ZIP-level market 33905

Home prices YoY
-31.4%
Rents YoY
-3.0%
Active inventory
941
Price-to-rent
19.1×

Monthly cashflow live

Estimated rent
$3,487 high interval (Pro) →
Mortgage (P&I)
$2,097
Tax est. 1.5%
$500 /mo · $5,997/yr
Insurance
$167
HOA
$0
Vacancy / Maint / Mgmt
$732
Net cashflow
$-8

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

UnitsBedsBathsEst. rent
Total (2 units) $3,487

Break-even live

Break-even rent $3,497
Max offer price $398,614
Occupancy floor 95%

Sensitivity live

Price -10% $268 -5% $130 +0% $-8 +5% $-146 +10% $-284
Rent -10% $-284 -5% $-146 +0% $-8 +5% $130 +10% $267
Rate -1.0pp $193 -0.5pp $93 base $-8 +0.5pp $-112 +1.0pp $-217

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
$99,950
Closing costs
$11,994
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 36 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
6017 Jonathan Ave Fort Myers, FL 3.0 2.0 1433 $2,065 $1.44 33d 1 0.34mi
6064 Laurelwood Dr Fort Myers, FL 3.0 2.0 1200 $1,550 $1.29 51d 1 0.41mi
15423 Cemetery Rd Fort Myers, FL 3.0 2.0 1127 $1,395 $1.24 41d 1 0.54mi
14562 Cantabria Dr Fort Myers, FL 3.0 3.0 2202 $2,495 $1.13 73d 1 0.56mi
14638 Cantabria Dr Fort Myers, FL 3.0 3.0 1849 $2,150 $1.16 32d 1 0.59mi
14662 Cantabria Dr Fort Myers, FL 3.0 3.0 2202 $2,400 $1.09 73d 1 0.61mi
6151 Hershey Ave Fort Myers, FL 3.0 2.0 1616 $2,100 $1.30 73d 1 0.62mi
14499 Cantabria Dr Fort Myers, FL 3.0 3.0 1852 $2,200 $1.19 46d 1 0.64mi
14688 Cantabria Dr Fort Myers, FL 3.0 3.0 1852 $3,000 $1.62 25d 1 0.67mi
6012 Thrush Ave Fort Myers, FL 3.0 2.0 1272 $2,000 $1.57 19d 1 0.72mi
6016 Lindbrook Ave Fort Myers, FL 3.0 2.0 1422 $1,800 $1.27 70d 1 0.76mi
14570 Palamos Cir Fort Myers, FL 3.0 3.0 1852 $2,100 $1.13 63d 1 0.79mi
14570 Palamos Cir Fort Myers, FL 3.0 3.0 1852 $2,100 $1.13 63d 1 0.79mi
6050 Stratton Rd Fort Myers, FL 3.0 2.0 1635 $2,200 $1.35 52d 1 0.87mi
6048 Stratton Rd Fort Myers, FL 3.0 2.0 1635 $2,200 $1.35 52d 1 0.87mi
6108 Stratton Rd Fort Myers, FL 3.0 2.0 1635 $2,200 $1.35 52d 1 0.88mi
6136 Hellman Ave Fort Myers, FL 3.0 2.0 1297 $1,581 $1.22 35d 1 0.89mi
14680 Portico Blvd Fort Myers, FL 3.0 3.0 1850 $6,000 $3.24 73d 1 0.89mi
14527 Palamos Cir Fort Myers, FL 3.0 3.5 2445 $2,500 $1.02 46d 1 0.90mi
3617 66th St W Lehigh Acres, FL 3.0 2.0 1173 $1,700 $1.45 19d 1 0.94mi
3607 62nd St W Lehigh Acres, FL 3.0 2.0 1615 $2,000 $1.24 41d 1 1.07mi
3508 68th St W Lehigh Acres, FL 3.0 2.0 1156 $1,600 $1.38 19d 1 1.08mi
3685 E Hampton Cir Alva, FL 3.0 2.0 1675 $2,000 $1.19 46d 1 1.11mi
3652 E Hampton Cir Alva, FL 3.0 3.0 1852 $2,300 $1.24 19d 1 1.18mi
14060 Vindel Cir Fort Myers, FL 3.0 3.0 1852 $2,700 $1.46 65d 1 1.24mi
14060 Vindel Cir Fort Myers, FL 3.0 3.0 1852 $2,300 $1.24 32d 1 1.24mi
3406 68th St W Lehigh Acres, FL 3.0 2.0 1472 $1,775 $1.21 19d 1 1.26mi
3601 57th St W Lehigh Acres, FL 3.0 2.0 1458 $1,850 $1.27 31d 1 1.26mi
3601 57th St W Lehigh Acres, FL 3.0 2.0 1458 $1,775 $1.22 17d 1 1.26mi
3404 68th St W Lehigh Acres, FL 3.0 2.0 1458 $1,855 $1.27 52d 1 1.27mi
3303 69th St W Lehigh Acres, FL 3.0 2.0 1100 $1,650 $1.50 27d 1 1.45mi
3425 Hampton Blvd Alva, FL 3.0 2.0 2140 $4,900 $2.29 52d 1 1.46mi
3301 69th St W Lehigh Acres, FL 2.0 2.0 968 $1,350 $1.39 63d 1 1.47mi
3301 69th St W Lehigh Acres, FL 2.0 2.0 832 $1,345 $1.62 65d 1 1.47mi
14297 Oviedo Pl Fort Myers, FL 3.0 2.5 1378 $1,795 $1.30 52d 1 1.48mi
5901 Rita Ave N Lehigh Acres, FL 3.0 2.0 1324 $2,000 $1.51 73d 1 1.49mi

Property features AI

Finance

Financial info
Rent includes gardener and water for applicable rental unitsOne unit reports $1,300 actual rent and is month-to-month

Exterior

Parking
Total of 4 parking spacesGarage parking with automatic garage door opener
Security
Storm/security shuttersSmoke detectors
Utilities
Well waterSeptic tankCable available
Home design
DuplexSingle-story
Construction
Block constructionShingle roofResale property
Exterior features
Quarter- to half-acre lotStorm/security shutters

Interior

Kitchen
Kitchen in each unitDishwasherDisposalMicrowaveRangeRefrigerator
Bedrooms
Two bedrooms in each unit
Flooring
Laminate flooringTile flooring
Bathrooms
Two full bathrooms in each unit
Heating & cooling
Central heating (electric)Central air conditioning (electric)Ceiling fans
Interior features
Metal and single-hung windowsStorm/security shuttersWindow coverings includedSmoke detectorsWater softener/filter (owned)Circuit breaker electrical
Laundry & utility
Washer and dryer in at least one unitWasher/dryer hookups in unitsElectric meter

Listing history 44 events

  1. 2026-08-08
    days on market $399,800 Active 56 DOM
  2. 2026-08-07
    days on market $399,800 Active 55 DOM
  3. 2026-08-06
    days on market $399,800 Active 54 DOM
  4. 2026-08-05
    days on market $399,800 Active 53 DOM
  5. 2026-08-04
    days on market $399,800 Active 52 DOM
  6. 2026-08-03
    days on market $399,800 Active 51 DOM
  7. 2026-07-31
    days on market $399,800 Active 48 DOM
  8. 2026-07-30
    days on market $399,800 Active 46 DOM
  9. 2026-07-28
    days on market $399,800 Active 45 DOM
  10. 2026-07-26
    days on market $399,800 Active 43 DOM
  11. 2026-07-24
    days on market $399,800 Active 41 DOM
  12. 2026-07-23
    days on market $399,800 Active 40 DOM
  13. 2026-07-22
    days on market $399,800 Active 39 DOM
  14. 2026-07-21
    days on market $399,800 Active 38 DOM
  15. 2026-07-18
    days on market $399,800 Active 35 DOM
  16. 2026-07-18
    days on market $399,800 Active 34 DOM
  17. 2026-07-16
    days on market $399,800 Active 33 DOM
  18. 2026-07-15
    days on market $399,800 Active 32 DOM
  19. 2026-07-14
    days on market $399,800 Active 31 DOM
  20. 2026-07-13
    days on market $399,800 Active 30 DOM
  21. 2026-07-13
    days on market $399,800 Active 29 DOM
  22. 2026-07-12
    days on market $399,800 Active 28 DOM
  23. 2026-07-10
    days on market $399,800 Active 27 DOM
  24. 2026-07-09
    days on market $399,800 Active 26 DOM
  25. 2026-07-07
    days on market $399,800 Active 24 DOM
  26. 2026-07-06
    days on market $399,800 Active 23 DOM
  27. 2026-07-05
    days on market $399,800 Active 22 DOM
  28. 2026-07-03
    days on market $399,800 Active 20 DOM
  29. 2026-07-02
    days on market $399,800 Active 19 DOM
  30. 2026-07-01
    days on market $399,800 Active 18 DOM
  31. 2026-06-30
    days on market $399,800 Active 17 DOM
  32. 2026-06-29
    days on market $399,800 Active 16 DOM
  33. 2026-06-28
    days on market $399,800 Active 15 DOM
  34. 2026-06-27
    days on market $399,800 Active 14 DOM
  35. 2026-06-27
    days on market $399,800 Active 13 DOM
  36. 2026-06-25
    days on market $399,800 Active 11 DOM
  37. 2026-06-22
    days on market $399,800 Active 9 DOM
  38. 2026-06-22
    days on market $399,800 Active 8 DOM
  39. 2026-06-18
    days on market $399,800 Active 5 DOM
  40. 2026-06-17
    days on market $399,800 Active 4 DOM
  41. 2026-06-16
    days on market $399,800 Active 3 DOM
  42. 2026-06-15
    days on market $399,800 Active 2 DOM
  43. 2026-06-13
    remarks 563-char remark
  44. 2026-06-13
    listed $399,800 Active 1 DOM

ⓘ 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 4/10 Moderate
  • 🌡 Heat 9/10 Extreme 6 d/yr ≥108°F today · 23 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$41,844
− Mortgage interest
−$22,395
− Property taxes
−$5,997
− Insurance
−$1,999
− Repairs & maintenance
−$3,348
− Management
−$3,348
− Depreciation
−$11,631
Taxable loss
−$6,873
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,649
After-tax cash flow
$1,551/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 · 12 photos

Average 55/100 Cosmetic rehab Est. rehab $10,870–$32,610 screening

This property is in average condition with cosmetic updates needed. Simple improvements to landscaping and painting can significantly enhance its value for both resale and rental.

Repairs flagged

  • Minor landscaping — simple landscaping improvements needed
  • Minor paint — touch-up paint may be needed

Value-add opportunities

  • Both painting — Fresh paint enhances curb appeal and interior aesthetics
  • Both landscaping — Improved landscaping enhances curb appeal and property 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 36/100

Zoned Schools

Elementary River Hall Elementary School F FL #1,513/2,144 Nat'l #19,648/41,679 Middle Harns Marsh Middle School F FL #443/571 Nat'l #8,188/14,009 High Riverdale High School F FL #340/667 Nat'l #9,001/17,239

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)
41,381
Household income
$71,987
Rent vs Own
37.2% rent · 62.8% own
Severe rent burden
9% 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
Diverse neighborhood (Simpson 0.59)
Race & ethnicity
White 53% Hispanic / Latino 34% Two or more races 17% Black 9% Native American 4% Asian 2%
Hispanic origin (detail)
Mexican 11% Puerto Rican 5% Cuban 2%
Common ancestry
Romanian 2% Slovak 2% Lithuanian 2%
Foreign-born
20% · Canada, Jamaica
Languages at home
68% English-only · Spanish 29% Other Indo-European 1% German/W. Germanic 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

+0.1% since first listed
2 events — show timeline
  • 2026-06-13 Price Changed $399,800 MARMLS
  • 2026-06-13 Listed $399,500 MARMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…