Duplex
610 SE 13th Ct Unit A · Cape Coral, FL
Flood risk 5/10 · Moderate
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.26%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 29 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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 +14.1/30.0
- ARV discount +7.5/15.0
- DSCR +4.3/10.0
- Schools +4.1/10.0
- Livability +3.9/5.0
- 1% rule +3.8/10.0
- Condition / age +2.5/5.0
- Rent growth +0.7/5.0
- Appreciation +0.0/10.0
$384,990
🖨 Deal sheet 📄 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 MLS
CASH ONLY--Needs new roof, plumbing & interior renovation. Tenant Leases extend through August 1, 2022 on the right side (B) & November 1, 2022 on the left side (A) and must be honored. Each tenant is paying $950/month + water/sewer/electric on separate meters. BR & 2 full Baths on each side. City water, sewer, and irrigation. All assessments paid. Screened Lanas and patios on both sides with storage space. Tile floors. Ideally located within walking distance to health care, shopping, restaurants, excellent schools, parks, and entertainment! Read ALL the Confidential Remarks before requesting a showing appointment. Sellers will take no offers below $300,000 CASH ONLY with $10k EMD.
Key facts
- New plumbing
- New cabinets
- New appliances
Tags
Property features AI
Finance
- Financial info: Gross scheduled income: $34,800; Operating expenses: $7,600; Actual/pro forma rent for unit: $50,460; Land lease expires 2026-03-31; Tenants responsible for application fee, credit check, cable TV, electricity, internet, janitorial service, sewer, telephone and water; Pets allowed
- HOA & community: Non-gated community; No association fee listed
Exterior
- Utilities: Public water; Public sewer; Cable available; Municipal irrigation
- Home design: Resale property; Rectangular lot; Public maintained road; Zoned R3-D
- Construction: Block, concrete and stucco construction; Shingle roof
- Exterior features: Patio
Interior
- Kitchen: Dishwasher; Disposal; Microwave; Range
- Bedrooms: 4 bedrooms
- Flooring: Laminate; Tile
- Bathrooms: 4 full bathrooms
- Heating & cooling: Central heating (electric); Central air conditioning (electric)
- Interior features: Single hung windows; Screened lanai/porch; Smoke detector
- Laundry & utility: Washer/dryer hookup
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2 × 3-bed/2.0-bath units multifamily listed at $385k.
Deal economics
- At list price, monthly cash flow is $56 ($675/yr) — positive. Per door: $28/mo.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $340k (11.8% below list).
- Recommended offer: $340k (11.8% below list) — sets the bar for 1% rule.
- Cap rate 6.5% vs local median 3.1% in Cape Coral — 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 77/100 on livability (#208 in FL, #3,098 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, amenities B+; Watch: commute 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.
- Market conditions: Rents falling (-7.1%/yr); 467 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
- At $3,395/mo this rent would consume 58% of the median local household income ($71k/yr) (locally 1246% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
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 89 days — a 6% lower offer ($362k) is reasonable based on typical stale-listing flexibility.
- 8 sale attempts since 5y 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 $305k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 89 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- 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?
- 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.
- 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.
- 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
- 0.88% ✗
- Cap rate
- 6.47%
- Cash-on-cash
- 0.63%
- DSCR
- 1.03
- GRM
- 9.4
CMA / ARV
No comps found within radius.
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
- IRR
- -18.7%
- Equity multiple
- 0.36×
- Total profit
- $-68,724
- Equity at exit
- $57,403
- IRR
- -18.6%
- Equity multiple
- 0.13×
- Total profit
- $-93,563
- Equity at exit
- $33,287
Cash invested: $107,797 (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
ZIP-level market 33990
- Rents YoY
- -7.1%
- Active inventory
- 467
- Price-to-rent
- 18.9×
Monthly cashflow live
- Estimated rent
- $3,395 high interval (Pro) →
- Mortgage (P&I)
- −$2,019
- Tax from tax record
- −$446 /mo · $5,358/yr
- Insurance
- −$160
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$713
- Net cashflow
- $56
Break-even live
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 3 | 2 | $3,394 |
| #1 | 3 | 2 | $1,697 |
| #2 | 3 | 2 | $1,697 |
| Total (2 units) | $3,395 | ||
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
- $96,248
- Closing costs
- $11,550
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1214 SE 6th St Cape Coral, FL | 3.0 | 2.0 | 1524 | $1,600 | $1.05 | 2d | 1 | 0.24mi |
| 528 SE 17th Ave Cape Coral, FL | 4.0 | 2.0 | 1830 | $2,566 | $1.40 | 16d | 1 | 0.43mi |
| 1320 SE 2nd St Cape Coral, FL | 3.0 | 2.0 | 1918 | $1,870 | $0.97 | 16d | 1 | 0.48mi |
| 1715 SE 6th Ln Cape Coral, FL | 4.0 | 2.0 | 1858 | $2,000 | $1.08 | 3d | 1 | 0.50mi |
| 406 SE 10th Ave Cape Coral, FL | 3.0 | 2.0 | 1548 | $2,141 | $1.38 | 21d | 1 | 0.60mi |
| 1304 SE 11th St Cape Coral, FL | 3.0 | 2.0 | 1597 | $2,228 | $1.40 | 23d | 1 | 0.63mi |
| 1314 SE 11th St Cape Coral, FL | 3.0 | 2.0 | 1408 | $2,149 | $1.53 | 19d | 1 | 0.63mi |
| 1441 SE 11th St Cape Coral, FL | 3.0 | 2.0 | 1456 | $2,450 | $1.68 | 23d | 1 | 0.63mi |
| 1119 SE 1st Ter Cape Coral, FL | 3.0 | 3.0 | 2256 | $5,000 | $2.22 | 23d | 1 | 0.69mi |
| 1714 SE 2nd St Cape Coral, FL | 3.0 | 2.0 | 1687 | $2,300 | $1.36 | 14d | 1 | 0.71mi |
| 15 SE 12th Ave Cape Coral, FL | 5.0 | 2.5 | 2507 | $2,436 | $0.97 | 3d | 1 | 0.74mi |
| 1322 SE 12th St Cape Coral, FL | 4.0 | 3.0 | 2292 | $2,045 | $0.89 | 2d | 1 | 0.74mi |
| 1422 SE 12th Ter Cape Coral, FL | 3.0 | 2.0 | 1799 | $5,282 | $2.94 | 23d | 1 | 0.81mi |
| 1932 SE 9th Ter Cape Coral, FL | 3.0 | 2.0 | 1603 | $6,500 | $4.05 | 23d | 1 | 0.88mi |
| 1716 SE 12th St Cape Coral, FL | 4.0 | 2.0 | 2025 | $2,790 | $1.38 | 23d | 1 | 0.89mi |
| 519 SE 20th Ct Cape Coral, FL | 3.0 | 2.5 | 1610 | $5,600 | $3.48 | 3d | 1 | 0.93mi |
| 1452 SE 13th Ter Cape Coral, FL | 4.0 | 3.0 | 2381 | $3,200 | $1.34 | 14d | 1 | 0.95mi |
| 244 SE 20th Ct Cape Coral, FL | 4.0 | 2.0 | 2408 | $2,800 | $1.16 | 16d | 1 | 0.97mi |
| 1126 SE 13th Ter Cape Coral, FL | 3.0 | 2.0 | 1451 | $6,500 | $4.48 | 23d | 1 | 0.99mi |
| 1010 SE 12th Ter Cape Coral, FL | 3.0 | 2.0 | 1502 | $1,750 | $1.17 | 3d | 1 | 1.00mi |
| 1010 SE 12th Ter Cape Coral, FL | 3.0 | 2.0 | 1502 | $1,800 | $1.20 | 23d | 1 | 1.00mi |
| 1831 SE Van Loon Ter Cape Coral, FL | 3.0 | 2.5 | 1540 | $3,200 | $2.08 | 19d | 1 | 1.01mi |
| 613 SE 2nd Ter Cape Coral, FL | 3.0 | 2.0 | 1577 | $4,100 | $2.60 | 3d | 1 | 1.03mi |
| 1926 SE 12th Ter Cape Coral, FL | 3.0 | 2.5 | 1639 | $6,375 | $3.89 | 23d | 1 | 1.08mi |
| 1110 SE 20th Ct Cape Coral, FL | 4.0 | 2.0 | 2023 | $2,310 | $1.14 | 3d | 1 | 1.11mi |
| 2202 SE 8th St Cape Coral, FL | 3.0 | 2.0 | 1485 | $3,295 | $2.22 | 23d | 1 | 1.14mi |
| 1113 SE 20th Ct Cape Coral, FL | 3.0 | 2.0 | 1687 | $6,000 | $3.56 | 23d | 1 | 1.14mi |
| 2130 SE 9th Ter Cape Coral, FL | 3.0 | 2.0 | 1986 | $2,060 | $1.04 | 2d | 1 | 1.17mi |
| 106 NE 8th Pl Cape Coral, FL | 4.0 | 3.0 | 2108 | $3,995 | $1.90 | 23d | 1 | 1.18mi |
| 2121 SE 1st Ter Cape Coral, FL | 3.0 | 2.0 | 1862 | $2,300 | $1.24 | 11d | 1 | 1.24mi |
| 203 NE 9th Ave Cape Coral, FL | 3.0 | 2.0 | 1756 | $1,715 | $0.98 | 16d | 1 | 1.24mi |
| 1815 SE 15th Ter Cape Coral, FL | 3.0 | 2.0 | 1419 | $2,495 | $1.76 | 2d | 1 | 1.29mi |
| 306 NE 17th Pl Cape Coral, FL | 3.0 | 2.0 | 1616 | $2,065 | $1.28 | 2d | 1 | 1.29mi |
| 1823 NE 2nd Ter Cape Coral, FL | 4.0 | 2.0 | 1695 | $2,295 | $1.35 | 23d | 1 | 1.30mi |
| 410 SE 1st Ter Cape Coral, FL | 4.0 | 2.0 | 2330 | $2,800 | $1.20 | 23d | 1 | 1.34mi |
| 410 SE 1st Ter Cape Coral, FL | 4.0 | 2.0 | 2330 | $2,600 | $1.12 | 16d | 1 | 1.34mi |
| 2330 SE 8th Ter Cape Coral, FL | 3.0 | 2.5 | 1900 | $2,500 | $1.32 | 23d | 1 | 1.35mi |
| 607 SE 14th Ter Cape Coral, FL | 3.0 | 2.0 | 2418 | $1,650 | $0.68 | 23d | 1 | 1.39mi |
| 302 SE 3rd St Cape Coral, FL | 3.0 | 2.0 | 1404 | $2,240 | $1.60 | 21d | 1 | 1.39mi |
| 302 SE 3rd St Cape Coral, FL | 3.0 | 2.0 | 1404 | $2,055 | $1.46 | 2d | 1 | 1.39mi |
Listing history 42 events
-
2026-06-17days on market $384,990 Active 89 DOM
-
2026-06-16days on market $384,990 Active 88 DOM
-
2026-06-15days on market $384,990 Active 87 DOM
-
2026-06-13days on market $384,990 Active 85 DOM
-
2026-06-10days on market $384,990 Active 82 DOM
-
2026-06-09days on market $384,990 Active 81 DOM
-
2026-06-08price $384,990 Active 79 DOM
-
2026-06-07days on market $389,900 Active 79 DOM
-
2026-06-03days on market $389,900 Active 75 DOM
-
2026-06-02days on market $389,900 Active 74 DOM
-
2026-06-01days on market $389,900 Active 73 DOM
-
2026-06-01days on market $389,900 Active 72 DOM
-
2026-05-06price $389,900
-
2026-03-18$399,900 Active
-
2026-01-21historical $1,350
-
2025-12-18$1,350
-
2025-12-17historical $1,350
-
2025-12-10historical
-
2025-11-18price $399,900
-
2025-11-07$415,000 Active
-
2025-11-04price $1,350
-
2025-10-21price $1,400
-
2025-10-08$1,500
-
2025-10-08historical $1,500
-
2025-09-30price $1,500
-
2025-09-10$1,600
-
2022-05-11soldstatus $305,000
-
2022-04-27soldstatus $305,000 Closed 708-char remark
Show marketing remark (708 chars)
CASH ONLY--Needs new roof, plumbing & interior renovation. Tenant Leases extend through August 1, 2022 on the right side (B) & November 1, 2022 on the left side (A) and must be honored. Each tenant is paying $950/month + water/sewer/electric on separate meters. BR & 2 full Baths on each side. City water, sewer, and irrigation. All assessments paid. Screened Lanas and patios on both sides with storage space. Tile floors. Ideally located within walking distance to health care, shopping, restaurants, excellent schools, parks, and entertainment! Read ALL the Confidential Remarks before requesting a showing appointment. Sellers will take no offers below $300,000 CASH ONLY with $10k EMD.
-
2022-04-12status Pending 708-char remark
Show marketing remark (708 chars)
CASH ONLY--Needs new roof, plumbing & interior renovation. Tenant Leases extend through August 1, 2022 on the right side (B) & November 1, 2022 on the left side (A) and must be honored. Each tenant is paying $950/month + water/sewer/electric on separate meters. BR & 2 full Baths on each side. City water, sewer, and irrigation. All assessments paid. Screened Lanas and patios on both sides with storage space. Tile floors. Ideally located within walking distance to health care, shopping, restaurants, excellent schools, parks, and entertainment! Read ALL the Confidential Remarks before requesting a showing appointment. Sellers will take no offers below $300,000 CASH ONLY with $10k EMD.
-
2022-01-24price $300,000 708-char remark
Show marketing remark (708 chars)
CASH ONLY--Needs new roof, plumbing & interior renovation. Tenant Leases extend through August 1, 2022 on the right side (B) & November 1, 2022 on the left side (A) and must be honored. Each tenant is paying $950/month + water/sewer/electric on separate meters. BR & 2 full Baths on each side. City water, sewer, and irrigation. All assessments paid. Screened Lanas and patios on both sides with storage space. Tile floors. Ideally located within walking distance to health care, shopping, restaurants, excellent schools, parks, and entertainment! Read ALL the Confidential Remarks before requesting a showing appointment. Sellers will take no offers below $300,000 CASH ONLY with $10k EMD.
-
2022-01-23status Active 708-char remark
Show marketing remark (708 chars)
CASH ONLY--Needs new roof, plumbing & interior renovation. Tenant Leases extend through August 1, 2022 on the right side (B) & November 1, 2022 on the left side (A) and must be honored. Each tenant is paying $950/month + water/sewer/electric on separate meters. BR & 2 full Baths on each side. City water, sewer, and irrigation. All assessments paid. Screened Lanas and patios on both sides with storage space. Tile floors. Ideally located within walking distance to health care, shopping, restaurants, excellent schools, parks, and entertainment! Read ALL the Confidential Remarks before requesting a showing appointment. Sellers will take no offers below $300,000 CASH ONLY with $10k EMD.
-
2022-01-21status Pending 708-char remark
Show marketing remark (708 chars)
CASH ONLY--Needs new roof, plumbing & interior renovation. Tenant Leases extend through August 1, 2022 on the right side (B) & November 1, 2022 on the left side (A) and must be honored. Each tenant is paying $950/month + water/sewer/electric on separate meters. BR & 2 full Baths on each side. City water, sewer, and irrigation. All assessments paid. Screened Lanas and patios on both sides with storage space. Tile floors. Ideally located within walking distance to health care, shopping, restaurants, excellent schools, parks, and entertainment! Read ALL the Confidential Remarks before requesting a showing appointment. Sellers will take no offers below $300,000 CASH ONLY with $10k EMD.
-
2022-01-03status Active 708-char remark
Show marketing remark (708 chars)
CASH ONLY--Needs new roof, plumbing & interior renovation. Tenant Leases extend through August 1, 2022 on the right side (B) & November 1, 2022 on the left side (A) and must be honored. Each tenant is paying $950/month + water/sewer/electric on separate meters. BR & 2 full Baths on each side. City water, sewer, and irrigation. All assessments paid. Screened Lanas and patios on both sides with storage space. Tile floors. Ideally located within walking distance to health care, shopping, restaurants, excellent schools, parks, and entertainment! Read ALL the Confidential Remarks before requesting a showing appointment. Sellers will take no offers below $300,000 CASH ONLY with $10k EMD.
-
2021-12-12historical 708-char remark
Show marketing remark (708 chars)
CASH ONLY--Needs new roof, plumbing & interior renovation. Tenant Leases extend through August 1, 2022 on the right side (B) & November 1, 2022 on the left side (A) and must be honored. Each tenant is paying $950/month + water/sewer/electric on separate meters. BR & 2 full Baths on each side. City water, sewer, and irrigation. All assessments paid. Screened Lanas and patios on both sides with storage space. Tile floors. Ideally located within walking distance to health care, shopping, restaurants, excellent schools, parks, and entertainment! Read ALL the Confidential Remarks before requesting a showing appointment. Sellers will take no offers below $300,000 CASH ONLY with $10k EMD.
-
2021-11-10$320,000 Active 708-char remark
Show marketing remark (708 chars)
CASH ONLY--Needs new roof, plumbing & interior renovation. Tenant Leases extend through August 1, 2022 on the right side (B) & November 1, 2022 on the left side (A) and must be honored. Each tenant is paying $950/month + water/sewer/electric on separate meters. BR & 2 full Baths on each side. City water, sewer, and irrigation. All assessments paid. Screened Lanas and patios on both sides with storage space. Tile floors. Ideally located within walking distance to health care, shopping, restaurants, excellent schools, parks, and entertainment! Read ALL the Confidential Remarks before requesting a showing appointment. Sellers will take no offers below $300,000 CASH ONLY with $10k EMD.
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2011-09-20soldstatus $99,900
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2011-09-19price $109,000
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2011-09-19soldstatus $99,900
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2010-09-17soldstatus $70,100
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2010-09-10price $74,900
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1998-07-21soldstatus $83,000
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1998-07-21soldstatus $83,000
ⓘ 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
- $5,358 · $446/mo
- Projected year-2 tax
- $5,358 · $446/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 5/10 Major FEMA zone X (shaded) · 26% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥106°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 · 1 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
- $40,740
- − Mortgage interest
- −$21,565
- − Property taxes
- −$5,358
- − Insurance
- −$1,925
- − Repairs & maintenance
- −$3,259
- − Management
- −$3,259
- − Depreciation
- −$11,200
- Taxable loss
- −$5,826
- Est. tax savings @ 24.0%
- +$1,398
- After-tax cash flow
- $2,073/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 — Cape Coral
- Score
- 77/100
- State rank
- #208
- US rank
- #3098
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Cape Coral, FL
- County
- Lee County · 788,662 people
- City population
- 217,388
- Metro
- Cape Coral-Fort Myers, FL
- Population (ZIP)
- 34,713
- Household income
- $70,665
- Rent vs Own
- Severe rent burden
- 1246.0
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
- Majority White (64%)
- Race & ethnicity
- White 64% Hispanic / Latino 26% Two or more races 17% Asian 3% Black 3%
- Hispanic origin (detail)
- Mexican 4% Puerto Rican 5% Cuban 8% Dominican 2%
- Common ancestry
- Romanian 3% Lithuanian 3% Italian 3%
- Foreign-born
- 20% · Canada, Jamaica, China
- Languages at home
- 74% English-only · Spanish 20% Other Indo-European 2% 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
- —
Market trends
- HPI YoY
- ▼ -196.42%
- Current HPI
- 289.1969
- Rent YoY
- ▼ -7.11%
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
+369.8% since first listed30 events — show timeline
- 2026-05-06 Price Changed $389,900 FORTMLS
- 2026-03-18 Listed $399,900 FORTMLS
- 2026-01-21 Rental Removed $1,350 BUILDIUM
- 2025-12-18 Listed for Rent $1,350 BUILDIUM
- 2025-12-17 Rental Removed $1,350 NAPLESMLS
- 2025-12-10 Listing Removed — FORTMLS
- 2025-11-18 Price Changed $399,900 FORTMLS
- 2025-11-07 Listed $415,000 FORTMLS
- 2025-11-04 Price Changed $1,350 NAPLESMLS
- 2025-10-21 Price Changed $1,400 NAPLESMLS
- 2025-10-08 Listed for Rent $1,500 NAPLESMLS
- 2025-10-08 Rental Removed $1,500 FORTMLS
- 2025-09-30 Price Changed $1,500 FORTMLS
- 2025-09-10 Listed for Rent $1,600 FORTMLS
- 2022-05-11 Sold (Public Records) $305,000 Public Records
- 2022-04-27 Sold (MLS) $305,000 FORTMLS
- 2022-04-12 Pending — FORTMLS
- 2022-01-24 Price Changed $300,000 FORTMLS
- 2022-01-23 Relisted — FORTMLS
- 2022-01-21 Pending — FORTMLS
- 2022-01-03 Relisted — FORTMLS
- 2021-12-12 Listing Removed — FORTMLS
- 2021-11-10 Listed $320,000 FORTMLS
- 2011-09-20 Sold (Public Records) $99,900 Public Records
- 2011-09-19 Sold (MLS) $99,900 FORTMLS
- 2011-09-19 Price Changed $109,000 FORTMLS
- 2010-09-17 Sold (MLS) $70,100 FORTMLS
- 2010-09-10 Price Changed $74,900 FORTMLS
- 1998-07-21 Sold (Public Records) $83,000 Public Records
- 1998-07-21 Sold (Public Records) $83,000 Public Records
Property tax history
+8.2%/yrLatest (2025): $5,358 · +17.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…