321 Phoenix Ter · Pioneer, FL 33935

$299,999

4 bd · 2.0 ba · 1,828 sqft · Land · 7 Days on market

Built 2026 0.25 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 +11.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +3.2/10.0
• DSCR +3.2/10.0
• Livability +3.2/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Affordable 0.23-Acre Lot in Banyan Village, LaBelle, FL – No HOA or Deed Restrictions! Here’s your chance to own a prime 0.23-acre residential lot in the thriving Banyan Village community of LaBelle, FL, listed at just $19,500! This lot is surrounded by new construction homes, making it a great opportunity to build your own or invest in this up-and-coming area. Conveniently located between LaBelle and Clewiston, just off State Road 80, this property combines accessibility with a peaceful neighborhood feel. Key Highlights: No HOA or Deed Restrictions – Enjoy total flexibility and freedom to design the home you envision. Emerging Neighborhood – Banyan Village is bustling with new homes, offering a fresh and vibrant setting. Great Accessibility – Minutes from both LaBelle and Clewiston, with easy access to schools, shopping, and recreation. This property is ideal for first-time homeowners, investors, or anyone looking for an affordable, build-ready lot in a flourishing area. Don't miss out on securing a piece of Banyan Village's promising growth!

Key facts

• Dual vanity
• Primary ensuite
• Large island

Tags

• REINFORCED CONCRETE BLOCK
• LARGE ISLAND
• STAINLESS STEEL APPLIANCES
• PRIMARY ENSUITE
• DUAL VANITY
• WALK IN SHOWER

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $300k.

Deal economics

• At list price, monthly cash flow is $-129 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $281k (6.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $246k (18.0% below list).
• Recommended offer: $246k (18.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#727 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime A; Watch: amenities F, commute F, employment 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.
• Zoned schools: Labelle Elementary School (math 37% / reading 37%, grade F, #1,609 of 2,144 statewide, top 77%, 437 students, 77% FRL); Labelle Middle School (math 37% / reading 38%, grade F, #395 of 571 statewide, top 70%, 817 students, 72% FRL); Labelle High School (math 42% / reading 41%, grade F, #284 of 667 statewide, top 43%, 1,451 students, 62% FRL).
• Market conditions: 950 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 557 units permitted in Hendry County in 2024 (45 in 5+ unit buildings).
• At $2,461/mo this rent would consume 52% of the median local household income ($57k/yr) (locally 498% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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 $17k; list at $300k implies a 1665% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $246,121 (18.0% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-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?
4. 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?
5. 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.
6. 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.
7. 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: 0.82% ✗
• Cap rate: 5.78%
• Cash-on-cash: -1.84%
• DSCR: 0.92
• GRM: 10.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 23.0%
• Equity multiple: 2.85×
• Total profit: $155,217
• Equity at exit: $270,263

10-year hold

• IRR: 20.5%
• Equity multiple: 6.52×
• Total profit: $463,616
• Equity at exit: $582,832

Cash invested: $84,000 (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 33935

• Home prices YoY: 16.3%
• Active inventory: 950
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,461 medium
• Mortgage (P&I): −$1,573
• Tax est. 1.5%: −$375 /mo · $4,500/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$517
• Net cashflow: $-129

Break-even live

Break-even rent $2,624

Max offer price $281,351

Occupancy floor —

Sensitivity live

Price	-10% $78	-5% $-25	+0% $-129	+5% $-233	+10% $-336
Rent	-10% $-323	-5% $-226	+0% $-129	+5% $-32	+10% $66
Rate	-1.0pp $22	-0.5pp $-53	base $-129	+0.5pp $-207	+1.0pp $-286

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: $75,000
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
513 Ella Jean Pl Labelle, FL	4.0	2.0	1485	$2,000	$1.35	25d	1	0.82mi
1305 Andover Dr Labelle, FL	3.0	2.0	1750	$2,400	$1.37	25d	1	0.84mi
634 Royce Rd Labelle, FL	3.0	2.0	1462	$2,100	$1.44	16d	1	0.90mi

Listing history 12 events

1. 2026-03-23
   status Pending
2. 2026-03-16
   listed $299,999 Active
3. 2025-10-29
   soldstatus $17,000
4. 2025-10-28
   soldstatus $17,000 Closed 1095-char remark

   Show marketing remark (1095 chars)

   Affordable 0.23-Acre Lot in Banyan Village, LaBelle, FL – No HOA or Deed Restrictions! Here’s your chance to own a prime 0.23-acre residential lot in the thriving Banyan Village community of LaBelle, FL, listed at just $19,500! This lot is surrounded by new construction homes, making it a great opportunity to build your own or invest in this up-and-coming area. Conveniently located between LaBelle and Clewiston, just off State Road 80, this property combines accessibility with a peaceful neighborhood feel. Key Highlights: No HOA or Deed Restrictions – Enjoy total flexibility and freedom to design the home you envision. Emerging Neighborhood – Banyan Village is bustling with new homes, offering a fresh and vibrant setting. Great Accessibility – Minutes from both LaBelle and Clewiston, with easy access to schools, shopping, and recreation. This property is ideal for first-time homeowners, investors, or anyone looking for an affordable, build-ready lot in a flourishing area. Don't miss out on securing a piece of Banyan Village's promising growth!

5. 2025-07-24
   status Pending 1095-char remark

   Show marketing remark (1095 chars)

   Affordable 0.23-Acre Lot in Banyan Village, LaBelle, FL – No HOA or Deed Restrictions! Here’s your chance to own a prime 0.23-acre residential lot in the thriving Banyan Village community of LaBelle, FL, listed at just $19,500! This lot is surrounded by new construction homes, making it a great opportunity to build your own or invest in this up-and-coming area. Conveniently located between LaBelle and Clewiston, just off State Road 80, this property combines accessibility with a peaceful neighborhood feel. Key Highlights: No HOA or Deed Restrictions – Enjoy total flexibility and freedom to design the home you envision. Emerging Neighborhood – Banyan Village is bustling with new homes, offering a fresh and vibrant setting. Great Accessibility – Minutes from both LaBelle and Clewiston, with easy access to schools, shopping, and recreation. This property is ideal for first-time homeowners, investors, or anyone looking for an affordable, build-ready lot in a flourishing area. Don't miss out on securing a piece of Banyan Village's promising growth!

6. 2024-11-06
   listed $19,500 Active 1095-char remark

   Show marketing remark (1095 chars)

   Affordable 0.23-Acre Lot in Banyan Village, LaBelle, FL – No HOA or Deed Restrictions! Here’s your chance to own a prime 0.23-acre residential lot in the thriving Banyan Village community of LaBelle, FL, listed at just $19,500! This lot is surrounded by new construction homes, making it a great opportunity to build your own or invest in this up-and-coming area. Conveniently located between LaBelle and Clewiston, just off State Road 80, this property combines accessibility with a peaceful neighborhood feel. Key Highlights: No HOA or Deed Restrictions – Enjoy total flexibility and freedom to design the home you envision. Emerging Neighborhood – Banyan Village is bustling with new homes, offering a fresh and vibrant setting. Great Accessibility – Minutes from both LaBelle and Clewiston, with easy access to schools, shopping, and recreation. This property is ideal for first-time homeowners, investors, or anyone looking for an affordable, build-ready lot in a flourishing area. Don't miss out on securing a piece of Banyan Village's promising growth!

7. 2024-04-11
   historical
8. 2023-10-12
   listed $30,000 Active
9. 2022-03-04
   soldstatus $13,000 Closed
10. 2022-02-02
    status Pending
11. 2021-09-10
    listed $15,000 Active
12. 2005-03-09
    soldstatus $14,500

ⓘ 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 7 d/yr ≥108°F today · 24 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: $29,535
• − Mortgage interest: −$16,805
• − Property taxes: −$4,500
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,363
• − Management: −$2,363
• − Depreciation: −$8,727
• Taxable loss: −$6,723
• Est. tax savings @ 24.0%: +$1,613
• After-tax cash flow: $67/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 — Pioneer

• Score: 63/100
• State rank: #727
• US rank: #15534

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• 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

+1969.0% since first listed

12 events — show timeline

• 2026-03-23 Pending — NAPLESMLS
• 2026-03-16 Listed $299,999 NAPLESMLS
• 2025-10-29 Sold (Public Records) $17,000 Public Records
• 2025-10-28 Sold (MLS) $17,000 FORTMLS
• 2025-07-24 Pending — FORTMLS
• 2024-11-06 Listed $19,500 FORTMLS
• 2024-04-11 Listing Removed — MARMLS
• 2023-10-12 Listed $30,000 MARMLS
• 2022-03-04 Sold (MLS) $13,000 FORTMLS
• 2022-02-02 Pending — FORTMLS
• 2021-09-10 Listed $15,000 FORTMLS
• 2005-03-09 Sold (Public Records) $14,500 Public Records

Property tax history

+7.4%/yr

Latest (2025): $369 · +0.7% YoY. Source: county tax records.