2004 Jeronimo Rd · Port LaBelle, FL 33935

$299,900

3 bd · 2.0 ba · 1,367 sqft · SingleFamily public records · 65 Days on market

Built 2021 0.26 ac lot Est $284k · 5% over

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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).

• Appreciation +10.0/10.0
• Cash flow +7.0/30.0
• ARV discount +5.0/15.0
• Schools +3.1/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• DSCR +1.2/10.0

Listing remarks MLS

BRAND NEW, POPULAR BOARDWALK HOME IN LABELLE! Be the first homeowner in this 1389 square foot home with three bedrooms, two full bathrooms and two car garage. This home is nicely appointed with 18 inch tile throughout carpet in bedrooms, all appliances including washer and dryer. Also includes blind on all windows except slider, smart home package and full builders warranty. * Photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built.

Key facts

• Quartz countertops
• Designer cabinets
• Split floor plan

Tags

• SPLIT FLOOR PLAN
• FULLY FURNISHED
• DESIGNER CABINETS
• QUARTZ COUNTERTOPS
• STAINLESS APPLIANCE PACKAGE
• OVERSIZED PANTRY

Property features AI

Finance

• Other: Lot dimensions 94 x 125 x 94 x 125 (surveyed); irregular/rectangular lot; paved public-maintained road; south exposures; lot size ~0.26 acre
• Financial info: Pets allowed
• HOA & community: Non-gated community; No association fee listed

Exterior

• Parking: Attached 2-car garage; Garage door opener; 2 covered spaces
• Security: Security system; Smoke detectors
• Utilities: Public water (assessment paid); Septic tank sewer; Cable not available
• Home design: Single-story home; North-facing; Resale property
• Construction: Built with block, concrete, and stucco; Shingle roof
• Exterior features: Fire pit; Shutters (manual); Lanai; Porch; Screened porch; Private heated in-ground pool with electric heat, pool equipment, screen enclosure, and salt water system

Interior

• Kitchen: Dishwasher; Disposal; Icemaker; Microwave; Range; Self-cleaning oven; Refrigerator; Refrigerator with ice maker
• Bedrooms: Screened porch listed as a room type
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fans
• Interior features: Breakfast bar; Entrance foyer; Pantry; Shower only (separate shower); Window treatments; Split bedrooms; Double-hung windows; Window coverings; Partially furnished
• Laundry & utility: Washer; Dryer; Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $-442 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $222k (26.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $207k (30.9% below list).
• Recommended offer: $207k (30.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 62/100 on livability (#750 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Hendry (town): math 35% / reading 40% proficiency, ranked #65 of 73 in FL (top 89%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 942 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 557 units permitted in Hendry County in 2024 (45 in 5+ unit buildings).
• This rent runs 44% of the median local income ($57k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $32k of equity ($2k loan paydown + $30k appreciation (10.0% local appreciation)).
• Hendry County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$52k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($282k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 8y ago; this cycle's ask has dropped $30k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $188k; list at $300k implies a 60% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $207,375 (30.9% 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 65 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
7. 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.
8. 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.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.69% ✗
• Cap rate: 4.52%
• Cash-on-cash: -6.32%
• DSCR: 0.72
• GRM: 12.1

CMA / ARV

• ARV (on-the-fly): $284,336
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2001 Jeronimo Rd	0.04mi	3/2.0	1,356 (-1%)	5mo	$295,000	$218	93
2029 Jeronimo Rd	0.15mi	3/2.0	1,292 (-6%)	11mo	$299,900	$232	75
4002 Cascade Ln	0.46mi	3/2.0	1,344 (-2%)	3mo	$280,000	$208	73
2033 Odessa Cir	0.28mi	3/2.0	1,389 (+2%)	16mo	$288,320	$208	70
4002 S Edgewater Cir	0.40mi	3/2.0	1,456 (+6%)	13mo	$217,000	$149	60
2006 Inglewood Cir	0.36mi	3/2.0	1,246 (-9%)	13mo	$265,990	$213	58
2002 Anchor Ln	0.45mi	3/2.0	1,314 (-4%)	17mo	$220,000	$167	58
2004 Inglewood Cir	0.34mi	3/2.0	1,246 (-9%)	18mo	$264,888	$213	54
2010 S Montana Cir	0.72mi	3/2.0	1,389 (+2%)	13mo	$255,000	$184	53
2015 Schooner Dr	0.51mi	2/2.0 (-1)	1,424 (+4%)	14mo	$225,000	$158	52
2001 Inglewood Cir	0.31mi	3/2.0	1,565 (+14%)	12mo	$314,900	$201	52
2073 Detroit Dr	0.69mi	4/2.0 (+1)	1,530 (+12%)	23mo	$299,000	$195	24

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.8%
• Equity multiple: 2.61×
• Total profit: $135,219
• Equity at exit: $270,174

10-year hold

• IRR: 18.2%
• Equity multiple: 6.01×
• Total profit: $420,406
• Equity at exit: $582,640

Cash invested: $83,972 (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 33935

• Home prices YoY: 16.3%
• Active inventory: 942
• Price-to-rent: 12.1×

Monthly cashflow live

• Estimated rent: $2,074 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$383 /mo · $4,591/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $-442

Break-even live

Break-even rent $2,633

Max offer price $221,820

Occupancy floor —

Sensitivity live

Price	-10% $-272	-5% $-357	+0% $-442	+5% $-527	+10% $-612
Rent	-10% $-606	-5% $-524	+0% $-442	+5% $-360	+10% $-278
Rate	-1.0pp $-291	-0.5pp $-366	base $-442	+0.5pp $-520	+1.0pp $-599

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3020 N Lakewood Rd Labelle, FL	4.0	2.0	1499	$1,950	$1.30	24d	1	0.91mi
184 Village Cir Labelle, FL	2.0	2.0	1239	$2,000	$1.61	3d	1	1.30mi
174 Village Cir Labelle, FL	2.0	2.0	1224	$1,600	$1.31	24d	1	1.30mi
5029 S Rosebud Cir Labelle, FL	3.0	2.0	1389	$1,780	$1.28	24d	1	1.36mi
176 E Yeomans Ave Labelle, FL	3.0	2.0	1000	$1,800	$1.80	15d	1	1.39mi

Listing history 30 events

1. 2026-06-18
   days on market $299,900 Active 65 DOM
2. 2026-06-17
   days on market $299,900 Active 64 DOM
3. 2026-06-16
   days on market $299,900 Active 63 DOM
4. 2026-06-15
   days on market $299,900 Active 62 DOM
5. 2026-06-13
   days on market $299,900 Active 60 DOM
6. 2026-06-13
   pricedays on market $299,900 Active 59 DOM
7. 2026-06-10
   days on market $329,500 Active 57 DOM
8. 2026-06-09
   days on market $329,500 Active 56 DOM
9. 2026-06-08
   days on market $329,500 Active 55 DOM
10. 2026-06-07
    days on market $329,500 Active 54 DOM
11. 2026-06-03
    days on market $329,500 Active 50 DOM
12. 2026-06-02
    days on market $329,500 Active 49 DOM
13. 2026-06-01
    days on market $329,500 Active 48 DOM
14. 2026-05-31
    days on market $329,500 Active 47 DOM
15. 2026-04-14
    listed $329,500 Active
16. 2021-02-12
    soldstatus $188,005 Sold 495-char remark

    Show marketing remark (495 chars)

    BRAND NEW, POPULAR BOARDWALK HOME IN LABELLE! Be the first homeowner in this 1389 square foot home with three bedrooms, two full bathrooms and two car garage. This home is nicely appointed with 18 inch tile throughout carpet in bedrooms, all appliances including washer and dryer. Also includes blind on all windows except slider, smart home package and full builders warranty. * Photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built.

17. 2020-12-17
    status Pending 495-char remark

    Show marketing remark (495 chars)

    BRAND NEW, POPULAR BOARDWALK HOME IN LABELLE! Be the first homeowner in this 1389 square foot home with three bedrooms, two full bathrooms and two car garage. This home is nicely appointed with 18 inch tile throughout carpet in bedrooms, all appliances including washer and dryer. Also includes blind on all windows except slider, smart home package and full builders warranty. * Photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built.

18. 2020-12-16
    price $189,005 495-char remark

    Show marketing remark (495 chars)

    BRAND NEW, POPULAR BOARDWALK HOME IN LABELLE! Be the first homeowner in this 1389 square foot home with three bedrooms, two full bathrooms and two car garage. This home is nicely appointed with 18 inch tile throughout carpet in bedrooms, all appliances including washer and dryer. Also includes blind on all windows except slider, smart home package and full builders warranty. * Photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built.

19. 2020-11-09
    price $188,005 495-char remark

    Show marketing remark (495 chars)

    BRAND NEW, POPULAR BOARDWALK HOME IN LABELLE! Be the first homeowner in this 1389 square foot home with three bedrooms, two full bathrooms and two car garage. This home is nicely appointed with 18 inch tile throughout carpet in bedrooms, all appliances including washer and dryer. Also includes blind on all windows except slider, smart home package and full builders warranty. * Photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built.

20. 2020-10-12
    price $187,005 495-char remark

    Show marketing remark (495 chars)

    BRAND NEW, POPULAR BOARDWALK HOME IN LABELLE! Be the first homeowner in this 1389 square foot home with three bedrooms, two full bathrooms and two car garage. This home is nicely appointed with 18 inch tile throughout carpet in bedrooms, all appliances including washer and dryer. Also includes blind on all windows except slider, smart home package and full builders warranty. * Photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built.

21. 2020-10-08
    price $186,005 495-char remark

    Show marketing remark (495 chars)

    BRAND NEW, POPULAR BOARDWALK HOME IN LABELLE! Be the first homeowner in this 1389 square foot home with three bedrooms, two full bathrooms and two car garage. This home is nicely appointed with 18 inch tile throughout carpet in bedrooms, all appliances including washer and dryer. Also includes blind on all windows except slider, smart home package and full builders warranty. * Photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built.

22. 2020-09-22
    listed $185,570 Active 495-char remark

    Show marketing remark (495 chars)

    BRAND NEW, POPULAR BOARDWALK HOME IN LABELLE! Be the first homeowner in this 1389 square foot home with three bedrooms, two full bathrooms and two car garage. This home is nicely appointed with 18 inch tile throughout carpet in bedrooms, all appliances including washer and dryer. Also includes blind on all windows except slider, smart home package and full builders warranty. * Photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built.

23. 2020-08-20
    historical 149-char remark

    Show marketing remark (149 chars)

    Great residential lot very close to all of Labelle schools. Family neighborhood. quite close to shopping. Build you dream home on this beautiful lot.

24. 2020-08-19
    soldstatus $12,000 Closed 149-char remark

    Show marketing remark (149 chars)

    Great residential lot very close to all of Labelle schools. Family neighborhood. quite close to shopping. Build you dream home on this beautiful lot.

25. 2020-04-02
    status Pending 149-char remark

    Show marketing remark (149 chars)

    Great residential lot very close to all of Labelle schools. Family neighborhood. quite close to shopping. Build you dream home on this beautiful lot.

26. 2020-03-30
    status Active 149-char remark

    Show marketing remark (149 chars)

    Great residential lot very close to all of Labelle schools. Family neighborhood. quite close to shopping. Build you dream home on this beautiful lot.

27. 2020-03-28
    historical 149-char remark

    Show marketing remark (149 chars)

    Great residential lot very close to all of Labelle schools. Family neighborhood. quite close to shopping. Build you dream home on this beautiful lot.

28. 2020-02-28
    status Active 149-char remark

    Show marketing remark (149 chars)

    Great residential lot very close to all of Labelle schools. Family neighborhood. quite close to shopping. Build you dream home on this beautiful lot.

29. 2020-02-22
    historical 149-char remark

    Show marketing remark (149 chars)

    Great residential lot very close to all of Labelle schools. Family neighborhood. quite close to shopping. Build you dream home on this beautiful lot.

30. 2018-04-14
    listed $12,000 Active 149-char remark

    Show marketing remark (149 chars)

    Great residential lot very close to all of Labelle schools. Family neighborhood. quite close to shopping. Build you dream home on this beautiful lot.

ⓘ 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: $4,591 · $383/mo
• Projected year-2 tax: $4,591 · $383/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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,885
• − Mortgage interest: −$16,799
• − Property taxes: −$4,591
• − Insurance: −$1,500
• − Repairs & maintenance: −$1,991
• − Management: −$1,991
• − Depreciation: −$8,724
• Taxable loss: −$10,711
• Est. tax savings @ 24.0%: +$2,571
• After-tax cash flow: $-2,733/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: Hendry
• NCES district ID: 1200780
• Math proficiency: 35% ▼ -11.00%
• Reading proficiency: 40% ▼ -4.00%
• Median HH income: $37,043
• Composite: 31.16/100
• National rank: #6054
• State rank: #65 of 73 in FL

Livability — Port LaBelle

• Score: 62/100
• State rank: #750
• US rank: #16264

Category grades

Amenities F Commute F Cost of living A+ Crime B- Employment F Housing A+ Health & safety D- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Port LaBelle, FL
• County: Hendry County · 23,186 people
• Metro: Clewiston, FL
• Population (ZIP): 23,186
• Household income: $57,009
• Rent vs Own: 22.0% rent · 78.0% own
• Severe rent burden: 498.0

Population outlook (Hendry County) Hauer SSP2

• Today (2025): 38,866 people
• By 2030: 38,558 · -0.8%
• By 2040: 37,743 · -2.9%
• By 2050: 36,117 · -7.1%
• By 2075: 30,070 · -22.6%
• By 2100: 21,966 · -43.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (56%)
• Race & ethnicity: Hispanic / Latino 56% White 39% Two or more races 21% Black 2% Native American 2%
• Hispanic origin (detail): Mexican 40% Puerto Rican 3% Cuban 5%
• Common ancestry: Lithuanian 2% Serbian 2% Slovak 1%
• Foreign-born: 27% · Canada, Jamaica
• Languages at home: 50% English-only · Spanish 50%

Political lean MEDSL · Hendry

• 2024 margin: Solid R (+38.3) · D 30.4% · R 68.7%
• 2008→2024 swing: -31.1pp toward R · 2008: -7.2pp · 2024: -38.3pp
• All cycles: 2024: R+38.3 2020: R+23.0 2016: R+14.2 2012: R+5.9 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 75.20%
• Current HPI: 537.4928
• Rent YoY: —
• Metro: Clewiston, 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

+2645.8% since first listed

16 events — show timeline

• 2026-04-14 Listed $329,500 FORTMLS
• 2021-02-12 Sold (MLS) $188,005 NAPLESMLS
• 2020-12-17 Pending — NAPLESMLS
• 2020-12-16 Price Changed $189,005 NAPLESMLS
• 2020-11-09 Price Changed $188,005 NAPLESMLS
• 2020-10-12 Price Changed $187,005 NAPLESMLS
• 2020-10-08 Price Changed $186,005 NAPLESMLS
• 2020-09-22 Listed $185,570 NAPLESMLS
• 2020-08-20 Listing Removed — FORTMLS
• 2020-08-19 Sold (MLS) $12,000 FORTMLS
• 2020-04-02 Pending — FORTMLS
• 2020-03-30 Relisted — FORTMLS
• 2020-03-28 Listing Removed — FORTMLS
• 2020-02-28 Relisted — FORTMLS
• 2020-02-22 Listing Removed — FORTMLS
• 2018-04-14 Listed $12,000 FORTMLS

Property tax history

+37.1%/yr

Latest (2025): $4,591 · +2.8% YoY. Source: county tax records.