Duplex
115 SE 24th Ave Unit A+B · Cape Coral, FL
Flood risk 3/10 · Minor
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.13%
- 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 107°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).
- ARV discount +12.0/15.0
- Cash flow +9.0/30.0
- Schools +5.1/10.0
- Condition / age +4.8/5.0
- Livability +3.9/5.0
- 1% rule +2.8/10.0
- DSCR +2.5/10.0
- Rent growth +0.7/5.0
- Appreciation +0.0/10.0
$410,000
🖨 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
Legal renovated Duplex in Cape Coral, Unit A has 2 bedrooms and 2 bathrooms. And Unit B has 3 bedrooms and 2 bathroom with 2 car garage, perfect for living one side and rent the other side without compromising the living standard. The property has been totally renovated from top to bottom. The property provides new water heaters, 2024 Roof, new AC units, New electrical panel and riser for peace of mind. Step inside, you'll be greeted by stunning wood plank tile that graces the entire floor of home with 5 inches base board gives it the modern feel. The kitchen overlook the large living room offers a great practical space for family and friends to gather and partying.
Key facts
- Renovated duplex
- 2024 roof
- New ac units
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 1×2bd/2.0ba + 1×3bd/2.0ba units multifamily listed at $410k. Condition is rated excellent.
Deal economics
- At list price, monthly cash flow is $-320 ($-4k/yr) — negative. Per door: $-160/mo.
- To cash-flow at today's rent, offer at most $364k (11.3% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $318k (22.4% below list).
- Recommended offer: $318k (22.4% below list) — sets the bar for 1% rule.
- Cap rate 5.4% 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.
- Zoned schools: Gulf Elementary School (math 70% / reading 65%, grade B+, #435 of 2,144 statewide, top 21%, 1,231 students, 38% FRL); Challenger Middle School (math 59% / reading 56%, grade B, #157 of 571 statewide, top 28%, 1,124 students, 50% FRL); Ida S. Baker High School (math 44% / reading 47%, grade D-, #223 of 667 statewide, top 34%, 1,933 students, 39% FRL) — zoned schools average 42% FRL vs 57% district-wide (15 pts lower); this property's tenant base skews higher-income than the district average.
- Market conditions: Rents falling (-7.1%/yr); 689 active listings in the ZIP; 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 32 days — a 3% lower offer ($398k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts 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.
Risks & watch-outs
- Climate carrying-cost: 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
- 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?
- It's been on market 32 days. Have you received any prior offers? Is the seller open to a 22% 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?
- Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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
- 0.78% ✗
- Cap rate
- 5.36%
- Cash-on-cash
- -3.34%
- DSCR
- 0.85
- GRM
- 10.7
CMA / ARV
- ARV (median comp)
- $455,170
- List price
- $410,000
- Delta
- -9.92%
- Verdict
- FAIR
- Comps
- 10 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 29 NE 20th Ct | 0.54mi | 4/3.0 (-1) | 2,145 (-3%) | 2mo | $595,000 | $277 | 59 |
| 1912 Howe Ct | 0.51mi | 5/3.0 | 2,031 (-8%) | 1mo | $360,000 | $177 | 57 |
| 401 NE 23rd Ave | 0.72mi | 4/2.0 (-1) | 2,323 (+5%) | 1mo | $370,000 | $159 | 44 |
| 524 NE 24th Pl | 0.88mi | 6/4.0 (+1) | 2,448 (+10%) | 1mo | $406,000 | $166 | 42 |
| 206 NE 21st Ave | 0.61mi | 4/2.0 (-1) | 2,010 (-9%) | 2mo | $549,000 | $273 | 42 |
| 1803 NE 2nd St | 0.94mi | 4/2.0 (-1) | 2,377 (+7%) | 0mo | $440,000 | $185 | 40 |
| 107 SE 16th Pl | 0.99mi | 4/3.0 (-1) | 2,050 (-8%) | 6mo | $610,000 | $298 | 38 |
| 17 SE 15th Ave | 1.19mi | 4/2.5 (-1) | 2,466 (+11%) | 2mo | $555,000 | $225 | 34 |
| 1818 NE 2nd St | 0.88mi | 4/2.0 (-1) | 2,010 (-9%) | 4mo | $380,000 | $189 | 34 |
| 1817 NE Van Loon Ter | 0.82mi | 4/3.0 (-1) | 1,727 (-22%) | 1mo | $237,500 | $138 | 30 |
| 4255 Glasgow Ct | 0.80mi | 4/2.5 (-1) | 2,690 (+21%) | 5mo | $405,000 | $151 | 25 |
| 513 SE 16th Pl | 1.10mi | 4/2.0 (-1) | 1,880 (-15%) | 5mo | $319,900 | $170 | 23 |
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
- IRR
- -25.3%
- Equity multiple
- 0.16×
- Total profit
- $-96,073
- Equity at exit
- $61,132
- IRR
- -34.4%
- Equity multiple
- -0.27×
- Total profit
- $-145,716
- Equity at exit
- $35,449
Cash invested: $114,800 (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
Active competition Active MLS
- For sale now
- 8 active · 1 under contract
- Months of supply
- 48.0 mo (2%/mo absorbed)
- Median asking
- $459,500 ($199/sqft)
- Median days on market
- 88 d
- This list price
- 38% of active listings are priced below it
- ARV vs active asking
- +3.1% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33990
- Rents YoY
- -7.1%
- Active inventory
- 689
- Price-to-rent
- 22.2×
Monthly cashflow live
- Estimated rent
- $3,182 high interval (Pro) →
- Mortgage (P&I)
- −$2,150
- Tax est. 1.5%
- −$512 /mo · $6,150/yr
- Insurance
- −$171
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$668
- Net cashflow
- $-320
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 1× unit | 2 | 2 | $1,539 |
| 1× unit | 3 | 2 | $1,643 |
| Total (2 units) | $3,182 | ||
Break-even live
Sensitivity live
| Price | -10% $-36 | -5% $-178 | +0% $-320 | +5% $-461 | +10% $-603 |
|---|---|---|---|---|---|
| Rent | -10% $-571 | -5% $-445 | +0% $-320 | +5% $-194 | +10% $-68 |
| Rate | -1.0pp $-113 | -0.5pp $-215 | base $-320 | +0.5pp $-426 | +1.0pp $-534 |
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
- $102,500
- Closing costs
- $12,300
- Club membership (one-time)
- —
- 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
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 119 SE 23rd Pl Cape Coral, FL | 2.0 | 1.5 | 1186 | $1,950 | $1.64 | 9d | 1 | 0.06mi |
| 129 SE 23rd Pl Apt 4 Cape Coral, FL | 2.0 | 1.0 | 976 | $1,250 | $1.28 | 9d | 1 | 0.08mi |
| 129 SE 23rd Pl Apt 4 Cape Coral, FL | 2.0 | 1.0 | 976 | $1,250 | $1.28 | 7d | 1 | 0.08mi |
| 118 SE 23rd Pl Cape Coral, FL | 3.0 | 2.0 | 1895 | $3,500 | $1.85 | 82d | 1 | 0.09mi |
| 209 SE 24th Ave Cape Coral, FL | 3.0 | 2.0 | 1408 | $1,895 | $1.35 | 119d | 1 | 0.10mi |
| 22 SE 24th Ave Cape Coral, FL | 3.0 | 2.0 | 1209 | $1,500 | $1.24 | 4d | 1 | 0.10mi |
| 213 SE 24th Ave Cape Coral, FL | 3.0 | 2.0 | 1400 | $1,700 | $1.21 | 74d | 1 | 0.11mi |
| 4495 Frankie Ct Unit 1 North Fort Myers, FL | 2.0 | 1.5 | 1000 | $1,200 | $1.20 | 7d | 1 | 0.13mi |
| 213 SE 23rd Pl Cape Coral, FL | 3.0 | 2.0 | 2156 | $1,525 | $0.71 | 98d | 1 | 0.13mi |
| 4495 Frankie Ct North Fort Myers, FL | 2.0 | 1.5 | 1000 | $1,295 | $1.29 | 119d | 1 | 0.13mi |
| 215 SE 23rd Pl Unit 215 Cape Coral, FL | 3.0 | 2.0 | 1206 | $1,495 | $1.24 | 3d | 1 | 0.13mi |
| 215 SE 23rd Pl Unit 215 Cape Coral, FL | 3.0 | 2.0 | 1206 | $1,495 | $1.24 | 9d | 1 | 0.13mi |
| 15 SE 24th Ave Apt D Cape Coral, FL | 2.0 | 1.0 | 950 | $1,275 | $1.34 | 9d | 1 | 0.13mi |
| 4475 Frankie Ct North Fort Myers, FL | 2.0 | 1.5 | 952 | $1,200 | $1.26 | 74d | 1 | 0.16mi |
| 319 SE 24th Ave Cape Coral, FL | 2.0 | 2.0 | 2264 | $1,400 | $0.62 | 119d | 1 | 0.26mi |
| 2121 SE 1st Ter Cape Coral, FL | 3.0 | 2.0 | 1862 | $2,195 | $1.18 | 63d | 1 | 0.29mi |
| 5989 Hillyer Ct North Fort Myers, FL | 3.0 | 2.0 | 1263 | $1,625 | $1.29 | 65d | 1 | 0.30mi |
| 5989 Hillyer Ct North Fort Myers, FL | 3.0 | 2.0 | 1263 | $1,695 | $1.34 | 87d | 1 | 0.30mi |
| 423 SE 24th Ave Cape Coral, FL | 3.0 | 2.0 | 1097 | $1,450 | $1.32 | 82d | 1 | 0.39mi |
| 421 SE 24th Ave Cape Coral, FL | 2.0 | 2.0 | 1097 | $1,250 | $1.14 | 82d | 1 | 0.40mi |
| 2206 SE 4th St Cape Coral, FL | 3.0 | 2.0 | 1301 | $2,600 | $2.00 | 119d | 1 | 0.40mi |
| 2231 NE 1st Ter Cape Coral, FL | 3.0 | 2.0 | 2118 | $2,350 | $1.11 | 117d | 1 | 0.41mi |
| 4753 Orange Grove Blvd North Fort Myers, FL | 2.0 | 1.0 | 741 | $1,075 | $1.45 | 9d | 1 | 0.42mi |
| 4777 Orange Grove Blvd North Fort Myers, FL | 2.0 | 1.0 | 741 | $1,148 | $1.55 | 9d | 2 | 0.43mi |
| 4777 Orange Grove Blvd North Fort Myers, FL | 2.0 | 1.0 | 741 | $1,200 | $1.62 | 119d | 1 | 0.43mi |
| 4749 # F3 # N Unit Orange Grove Blvd unit North Fort Myers, FL | 2.0 | 1.0 | 741 | $1,095 | $1.48 | 119d | 1 | 0.45mi |
| 11 SE 20th Ct Cape Coral, FL | 3.0 | 2.0 | 1618 | $1,899 | $1.17 | 9d | 1 | 0.45mi |
| 4789 Orange Grove Blvd #12 North Fort Myers, FL | 2.0 | 1.0 | 741 | $1,300 | $1.75 | 98d | 1 | 0.45mi |
| 4789 Orange Grove Blvd North Fort Myers, FL | 2.0 | 1.0 | 741 | $1,300 | $1.75 | 117d | 1 | 0.45mi |
| 2213 SE 5th St Cape Coral, FL | 3.0 | 2.0 | 1201 | $1,696 | $1.41 | 3d | 1 | 0.47mi |
| 513 SE 24th Ave #1 Cape Coral, FL | 2.0 | 2.0 | 1200 | $1,600 | $1.33 | 119d | 1 | 0.48mi |
| 4773 Orange Grove Blvd #7 North Fort Myers, FL | 2.0 | 1.0 | 741 | $1,500 | $2.02 | 119d | 1 | 0.48mi |
| 517 SE 23rd Pl Cape Coral, FL | 3.0 | 2.0 | 1250 | $1,600 | $1.28 | 9d | 1 | 0.49mi |
| 4562 Tennyson Dr North Fort Myers, FL | 2.0 | 1.0 | 1210 | $1,780 | $1.47 | 9d | 1 | 0.52mi |
| 1049 Ridgeway Dr North Fort Myers, FL | 3.0 | 2.0 | 1255 | $1,499 | $1.19 | 9d | 1 | 0.52mi |
| 221 NE 23rd Ave Cape Coral, FL | 3.0 | 2.0 | 1210 | $2,100 | $1.74 | 82d | 1 | 0.53mi |
| 4728 Orange Grove Blvd #4 North Fort Myers, FL | 2.0 | 2.0 | 1233 | $1,399 | $1.13 | 78d | 1 | 0.55mi |
| 1002 Jolly Rd North Fort Myers, FL | 3.0 | 2.0 | 1549 | $1,595 | $1.03 | 0d | 1 | 0.56mi |
| 1002 Jolly Rd North Fort Myers, FL | 3.0 | 2.0 | 1549 | $1,700 | $1.10 | 65d | 1 | 0.56mi |
| 960 Hearty St North Fort Myers, FL | 3.0 | 2.0 | 1128 | $1,595 | $1.41 | 9d | 1 | 0.58mi |
Property features AI
Finance
- Financial info
- Tenant pays electricity, pest control, sewer and waterPets allowed
- HOA & community
- Non-gated communityNo association fee
Exterior
- Parking
- Attached 2-car garage for the 3-bedroom unit
- Utilities
- Cable availablePublic water (assessment paid)Public sewer (assessment paid)
- Home design
- Single-story buildingResale propertyR3-D zoning
- Construction
- Block, concrete and stucco constructionShingle roof
- Exterior features
- Rectangular lotLot dimensions approximately 80 x 131 x 79 x 131Lot size about 0.241 acresNo additional exterior amenities listed
Interior
- Kitchen
- DishwasherMicrowaveRangeRefrigerator
- Bedrooms
- One unit with 3 bedroomsOne unit with 2 bedrooms
- Flooring
- Tile
- Bathrooms
- Four full bathrooms total across unitsEach unit has 2 full bathrooms
- Heating & cooling
- Central electric heatingCentral electric cooling (Central air)
- Interior features
- Single hung windowsTile flooring
- Laundry & utility
- Washer/dryer hookup (both units)Laundry in garage (3-bedroom unit)Laundry in residence (2-bedroom unit)
Listing history 50 events
-
2026-09-23days on market $410,000 Active 32 DOM
-
2026-09-22days on market $410,000 Active 31 DOM
-
2026-09-21days on market $410,000 Active 30 DOM
-
2026-09-20days on market $410,000 Active 29 DOM
-
2026-09-18days on market $410,000 Active 27 DOM
-
2026-09-17days on market $410,000 Active 26 DOM
-
2026-09-16days on market $410,000 Active 25 DOM
-
2026-09-14days on market $410,000 Active 23 DOM
-
2026-09-13days on market $410,000 Active 22 DOM
-
2026-09-12pricestatusdays on market $410,000 Active 21 DOM
-
2026-09-11statusdays on market $415,000 Pending 20 DOM
-
2026-09-05days on market $415,000 Active 16 DOM
-
2026-09-04days on market $415,000 Active 15 DOM
-
2026-09-03days on market $415,000 Active 14 DOM
-
2026-08-31days on market $415,000 Active 11 DOM
-
2026-08-29days on market $415,000 Active 9 DOM
-
2026-08-28days on market $415,000 Active 8 DOM
-
2026-08-27days on market $415,000 Active 7 DOM
-
2026-08-26days on market $415,000 Active 6 DOM
-
2026-08-25days on market $415,000 Active 5 DOM
-
2026-08-24days on market $415,000 Active 4 DOM
-
2026-08-23days on market $415,000 Active 3 DOM
-
2026-08-22days on market $415,000 Active 2 DOM
-
2026-08-21statusdays on market $415,000 Active 1 DOM
-
2026-08-19statusdays on market $415,000 Pending 120 DOM
-
2026-08-18days on market $415,000 Active Under Contract 97 DOM
-
2026-08-16days on market $415,000 Active Under Contract 95 DOM
-
2026-08-15days on market $415,000 Active Under Contract 94 DOM
-
2026-08-13days on market $415,000 Active Under Contract 92 DOM
-
2026-08-12days on market $415,000 Active Under Contract 91 DOM
-
2026-08-11days on market $415,000 Active Under Contract 90 DOM
-
2026-08-10days on market $415,000 Active Under Contract 89 DOM
-
2026-08-09days on market $415,000 Active Under Contract 88 DOM
-
2026-08-08days on market $415,000 Active Under Contract 87 DOM
-
2026-08-07days on market $415,000 Active Under Contract 86 DOM
-
2026-08-06days on market $415,000 Active Under Contract 85 DOM
-
2026-08-05days on market $415,000 Active Under Contract 84 DOM
-
2026-08-04status $415,000 Active Under Contract 83 DOM
-
2026-06-25statusdays on market $415,000 Pending 83 DOM
-
2026-06-22days on market $415,000 Active 81 DOM
-
2026-06-22days on market $415,000 Active 80 DOM
-
2026-06-17days on market $415,000 Active 76 DOM
-
2026-06-16days on market $415,000 Active 75 DOM
-
2026-06-15days on market $415,000 Active 74 DOM
-
2026-06-13days on market $415,000 Active 72 DOM
-
2026-06-10days on market $415,000 Active 69 DOM
-
2026-06-09days on market $415,000 Active 68 DOM
-
2026-06-07days on market $415,000 Active 66 DOM
-
2026-06-03days on market $415,000 Active 62 DOM
-
2026-06-02days on market $415,000 Active 61 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 3/10 Moderate FEMA zone X (shaded) · 13% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥107°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
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Taxation est. · year 1
- Rental income
- $38,184
- − Mortgage interest
- −$22,966
- − Property taxes
- −$6,150
- − Insurance
- −$2,050
- − Repairs & maintenance
- −$3,055
- − Management
- −$3,055
- − Depreciation
- −$11,927
- Taxable loss
- −$11,019
- Est. tax savings @ 24.0%
- +$2,645
- After-tax cash flow
- $-1,191/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
This renovated multi-family property in Cape Coral is in excellent condition with modern finishes and a well-maintained exterior. It offers a great opportunity for investors looking to maximize both resale and rental value.
Value-add opportunities
- Both Painting the exterior and interior walls — Fresh paint can enhance the curb appeal and interior aesthetics, making the property more attractive to potential buyers and renters. ↑
- Both Landscaping improvements — Enhancing the landscaping can improve the overall curb appeal and make the property more inviting for potential buyers and renters. ↑
Zoned Schools
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 · 871,946 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
- 18% 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
- 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
-7.8% since first listed12 events — show timeline
- 2026-08-20 Listed $415,000 FORTMLS
- 2026-08-04 Contingent — Stellar MLS as Distributed by MLS Grid
- 2026-06-25 Pending — Stellar MLS as Distributed by MLS Grid
- 2026-06-25 Pending — FORTMLS
- 2026-06-24 Listing Removed — FORTMLS
- 2026-06-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
- 2026-05-04 Price Changed — Stellar MLS as Distributed by MLS Grid
- 2026-05-04 Price Changed $415,000 FORTMLS
- 2026-04-02 Listed — Stellar MLS as Distributed by MLS Grid
- 2026-03-23 Price Changed $425,000 FORTMLS
- 2026-03-06 Price Changed $440,000 FORTMLS
- 2026-02-24 Listed $450,000 FORTMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…