3824 17th St W · Lehigh Acres, FL 33971

$200,000

3 bd · 1.0 ba · 800 sqft · SingleFamily public records · 10 Days on market

Built 2018 0.29 ac lot

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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).

• Cash flow +13.6/30.0
• ARV discount +7.5/15.0
• DSCR +4.1/10.0
• Schools +4.1/10.0
• 1% rule +3.7/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Rent growth +1.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

Key facts

• Vinyl flooring
• Open-concept kitchen
• Completely fenced

Tags

• OPEN-CONCEPT KITCHEN
• VINYL FLOORING
• OVERSIZED LOT
• COMPLETELY FENCED
• NOT LOCATED IN A FLOOD ZONE

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: Non-gated community; No association fee

Exterior

• Parking: Driveway; Paved parking
• Security: Smoke detector(s)
• Utilities: Well water; Septic tank; Cable available
• Home design: Single-story home; Entry level: 1; Faces south; Resale property; Zoning: RS-1
• Construction: Vinyl siding with wood frame construction; Shingle roof; Built on standard foundation
• Exterior features: Fence; Shutters (manual); Oversized lot; North exposure; Paved public road access; Lot dimensions approximately 100 x 125 x 100 x 125

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Freezer
• Bedrooms: Guest quarters; Bedroom on main level
• Flooring: Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Built-in features; Living/dining room; Tub/shower; Single hung windows; Unfurnished
• Laundry & utility: Washer; Dryer; Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $12 ($144/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (13.3% below list).
• Recommended offer: $173k (13.3% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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 falling (-4.7%/yr); 1347 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $1k of loan paydown is wiped out by about $6k 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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 9y 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 $115k; list at $200k implies a 74% 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→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $173,433 (13.3% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 0.87% ✗
• Cap rate: 6.36%
• Cash-on-cash: 0.26%
• DSCR: 1.01
• GRM: 9.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -19.3%
• Equity multiple: 0.34×
• Total profit: $-36,718
• Equity at exit: $29,821

10-year hold

• IRR: -19.6%
• Equity multiple: 0.10×
• Total profit: $-50,588
• Equity at exit: $17,292

Cash invested: $56,000 (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 33971

• Home prices YoY: -8.0%
• Rents YoY: -4.7%
• Active inventory: 1347
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,734 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$226 /mo · $2,712/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $12

Break-even live

Break-even rent $1,719

Max offer price $200,000

Occupancy floor 94%

Sensitivity live

Price	-10% $125	-5% $69	+0% $12	+5% $-45	+10% $-101
Rent	-10% $-125	-5% $-57	+0% $12	+5% $80	+10% $149
Rate	-1.0pp $113	-0.5pp $63	base $12	+0.5pp $-40	+1.0pp $-93

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3820 20th St W Lehigh Acres, FL	3.0	1.0	1000	$1,395	$1.40	4d	1	0.19mi
57 Xelda Ave S Lehigh Acres, FL	3.0	3.0	1057	$2,200	$2.08	25d	1	1.28mi
3909 3rd St SW Lehigh Acres, FL	2.0	1.0	852	$2,250	$2.64	25d	1	1.34mi
5146 Centennial Blvd Lehigh Acres, FL	3.0	2.0	1116	$1,699	$1.52	25d	1	1.34mi
5146 Centennial Blvd Lehigh Acres, FL	3.0	2.0	1116	$1,649	$1.48	5d	1	1.34mi
104 Gordon Ave S Lehigh Acres, FL	3.0	2.0	1123	$1,300	$1.16	5d	1	1.34mi
104 Gordon Ave S Lehigh Acres, FL	3.0	2.0	1123	$1,350	$1.20	25d	1	1.34mi
5148 Centennial Blvd Lehigh Acres, FL	3.0	2.0	1116	$1,649	$1.48	5d	1	1.34mi
5148 Centennial Blvd Lehigh Acres, FL	3.0	2.0	1116	$1,699	$1.52	25d	1	1.34mi
107 Harold Ave S Lehigh Acres, FL	3.0	2.0	1114	$1,475	$1.32	16d	1	1.36mi
122 Gordon Ave S Lehigh Acres, FL	2.0	1.0	780	$999	$1.28	25d	1	1.40mi
142 Gordon Ave S Lehigh Acres, FL	2.0	1.0	780	$1,499	$1.92	25d	1	1.48mi

Listing history 26 events

1. 2026-05-20
   listed $200,000 Active
2. 2019-04-18
   soldstatus $114,990 Sold 322-char remark

   Show marketing remark (322 chars)

   PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

3. 2019-03-14
   status Pending 322-char remark

   Show marketing remark (322 chars)

   PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

4. 2019-02-19
   status Active 322-char remark

   Show marketing remark (322 chars)

   PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

5. 2018-12-18
   status Pending 322-char remark

   Show marketing remark (322 chars)

   PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

6. 2018-11-02
   price $114,990 322-char remark

   Show marketing remark (322 chars)

   PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

7. 2018-10-22
   price $119,990 322-char remark

   Show marketing remark (322 chars)

   PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

8. 2018-10-13
   price $122,990 322-char remark

   Show marketing remark (322 chars)

   PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

9. 2018-10-05
   price $131,990 322-char remark

   Show marketing remark (322 chars)

   PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

10. 2018-10-03
    price $136,990 322-char remark

    Show marketing remark (322 chars)

    PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

11. 2018-10-03
    status Active 322-char remark

    Show marketing remark (322 chars)

    PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

12. 2018-08-13
    status Pending 322-char remark

    Show marketing remark (322 chars)

    PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

13. 2018-08-06
    price $131,990 322-char remark

    Show marketing remark (322 chars)

    PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

14. 2018-07-27
    status Active 322-char remark

    Show marketing remark (322 chars)

    PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

15. 2018-04-16
    status Pending 322-char remark

    Show marketing remark (322 chars)

    PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

16. 2018-03-23
    listed $136,990 Active 322-char remark

    Show marketing remark (322 chars)

    PROMO PRICE! Completion date is April 2019. Cottage Series 800 NEW single-story home! The home features an open living room, kitchen, and dining area. Additionally, there are 3 bedrooms, 1 full bath, a covered porch, and washer and dryer connections. Haggle free pricing. No negotiation necessary. Lowest price guaranteed.

17. 2018-03-05
    soldstatus $7,500
18. 2018-03-02
    soldstatus $7,500 Sold 38-char remark

    Show marketing remark (38 chars)

    Nice lot in developing area of Lehigh.

19. 2018-02-23
    historical
20. 2018-02-22
    price $110,990
21. 2018-02-16
    listed $109,990 Active
22. 2017-12-22
    status Pending 38-char remark

    Show marketing remark (38 chars)

    Nice lot in developing area of Lehigh.

23. 2017-05-16
    listed $7,900 Active 38-char remark

    Show marketing remark (38 chars)

    Nice lot in developing area of Lehigh.

24. 2011-11-17
    soldstatus $6,600
25. 2005-05-11
    soldstatus $33,000
26. 1988-10-05
    soldstatus $8,500

ⓘ 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: $2,712 · $226/mo
• Projected year-2 tax: $2,712 · $226/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 4/10 Moderate
• 🌡 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

Taxation est. · year 1

• Rental income: $20,812
• − Mortgage interest: −$11,203
• − Property taxes: −$2,712
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,665
• − Management: −$1,665
• − Depreciation: −$5,818
• Taxable loss: −$3,251
• Est. tax savings @ 24.0%: +$780
• After-tax cash flow: $924/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 — 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 · 788,662 people
• City population: 130,638
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 30,790
• Household income: $77,723
• Rent vs Own: 21.6% rent · 78.4% own
• Severe rent burden: 587.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Hispanic / Latino 49% Two or more races 32% White 26% Black 19% Asian 2%
• Hispanic origin (detail): Mexican 9% Puerto Rican 13% Cuban 14% Dominican 2%
• Common ancestry: Hispanic 7% Estonian 1% Romanian 1%
• Foreign-born: 31% · Canada, Vietnam, Guatemala
• Languages at home: 46% English-only · Spanish 41% French/Haitian/Cajun 9% Other Indo-European 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: —

Market trends

• HPI YoY: ▼ -27.68%
• Current HPI: 317.7147
• Rent YoY: ▼ -4.69%
• 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
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+2252.9% since first listed

26 events — show timeline

• 2026-05-20 Listed $200,000 FORTMLS
• 2019-04-18 Sold (MLS) $114,990 FORTMLS
• 2019-03-14 Pending — FORTMLS
• 2019-02-19 Relisted — FORTMLS
• 2018-12-18 Pending — FORTMLS
• 2018-11-02 Price Changed $114,990 FORTMLS
• 2018-10-22 Price Changed $119,990 FORTMLS
• 2018-10-13 Price Changed $122,990 FORTMLS
• 2018-10-05 Price Changed $131,990 FORTMLS
• 2018-10-03 Price Changed $136,990 FORTMLS
• 2018-10-03 Relisted — FORTMLS
• 2018-08-13 Pending — FORTMLS
• 2018-08-06 Price Changed $131,990 FORTMLS
• 2018-07-27 Relisted — FORTMLS
• 2018-04-16 Pending — FORTMLS
• 2018-03-23 Listed $136,990 FORTMLS
• 2018-03-05 Sold (Public Records) $7,500 Public Records
• 2018-03-02 Sold (MLS) $7,500 FORTMLS
• 2018-02-23 Listing Removed — FORTMLS
• 2018-02-22 Price Changed $110,990 FORTMLS
• 2018-02-16 Listed $109,990 FORTMLS
• 2017-12-22 Pending — FORTMLS
• 2017-05-16 Listed $7,900 FORTMLS
• 2011-11-17 Sold (Public Records) $6,600 Public Records
• 2005-05-11 Sold (Public Records) $33,000 Public Records
• 1988-10-05 Sold (Public Records) $8,500 Public Records

Property tax history

+39.8%/yr

Latest (2025): $2,712 · +1.1% YoY. Source: county tax records.