7019 Palpano Cir · Port LaBelle, FL 33935

$355,000

3 bd · 2.0 ba · 1,605 sqft · Land · 55 Days on market

Built 2026 0.26 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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +5.7/30.0
• Schools +3.1/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.1/10.0
• DSCR +0.1/10.0

Listing remarks MLS

Clear LOT and ready to build…!!! Amazing Value! Priced to Sell… Lot cleared and ready to develop your project in the growing city of Port LaBelle, FL. Beautiful houses are being built in this quiet neighborhood and prices are rising. Build your dream home and start enjoying the Florida lifestyle, or just invest in your future. This desirable lot is in a great location close to all the good things Florida has to offer. Property is centrally located, just a few miles from schools, Florida Southwestern State College, supermarkets and grocery stores, LaBelle Airport, Port LaBelle Marina (boating on Caloosahatchee River), local parks, retail shopping, restaurants, hospitals, and more. Port LaBelle is conveniently located with easy access to SR-80 to Fort Myers, Miami, Fort Lauderdale, West Palm Beach, Tampa, and Orlando. Some of Florida’s best beaches are within 1 hr drive. This property is a great acquisition whether you are looking to build your dream home in sunny Florida, you want to protect yourself from rising inflation, or simply invest for the future. Area is rapidly increasing in value.

Key facts

• Expansive driveway
• New construction
• No flood zone

Tags

• NEW CONSTRUCTION
• NO FLOOD ZONE
• EXPANSIVE DRIVEWAY
• IMPACT WINDOWS
• OPEN KITCHEN
• CENTER ISLAND

Property features AI

Finance

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

Exterior

• Parking: Attached 2-car garage with garage door opener; 2 covered parking spaces
• Security: Smoke detectors
• Utilities: Public water; Septic tank sewer; Cable available
• Home design: Single-story home; New construction; Faces south
• Construction: Block, concrete, and stucco construction; Shingle roof; Plans-based lot dimensions (80 x 120 x 80 x 120)
• Exterior features: Security/high impact doors; Outdoor kitchen; Rectangular lot; North exposure

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Self-cleaning oven; Outdoor kitchen
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fans
• Interior features: Impact glass windows; Breakfast bar and breakfast area; Cathedral ceilings; Dual sinks; Separate shower (shower only); Walk-in closets
• Laundry & utility: Washer hookup; Dryer hookup; Laundry tub; Indoor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $355k.

Deal economics

• At list price, monthly cash flow is $-733 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $249k (29.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $218k (38.7% below list).
• Recommended offer: $218k (38.7% below list) — sets the bar for 1% rule.
• Cap rate 3.8% vs local median 5.1% in Port LaBelle — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: 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: Country Oaks Elementary School (math 48% / reading 45%, grade D-, #1,223 of 2,144 statewide, top 57%, 893 students, 75% 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; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 557 units permitted in Hendry County in 2024 (45 in 5+ unit buildings).
• At $2,177/mo this rent would consume 46% 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 $38k of equity ($2k loan paydown + $36k 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 ~$61k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($344k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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 $18k; list at $355k implies a 1819% 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→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $217,736 (38.7% 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 55 days. Have you received any prior offers? Is the seller open to a 39% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.61% ✗
• Cap rate: 3.81%
• Cash-on-cash: -8.85%
• DSCR: 0.61
• GRM: 13.6

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: 18.1%
• Equity multiple: 2.48×
• Total profit: $146,677
• Equity at exit: $319,812

10-year hold

• IRR: 16.9%
• Equity multiple: 5.72×
• Total profit: $468,727
• Equity at exit: $689,687

Cash invested: $99,400 (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: 13.6×

Monthly cashflow live

• Estimated rent: $2,177 high
• Mortgage (P&I): −$1,862
• Tax est. 1.5%: −$444 /mo · $5,325/yr
• Insurance: −$148
• HOA: −$0
• Vacancy / Maint / Mgmt: −$457
• Net cashflow: $-733

Break-even live

Break-even rent $3,105

Max offer price $248,903

Occupancy floor —

Sensitivity live

Price	-10% $-488	-5% $-611	+0% $-733	+5% $-856	+10% $-979
Rent	-10% $-905	-5% $-819	+0% $-733	+5% $-647	+10% $-561
Rate	-1.0pp $-554	-0.5pp $-643	base $-733	+0.5pp $-825	+1.0pp $-919

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: $88,750
• Closing costs: $10,650
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7016 Palpano Cir Labelle, FL	3.0	2.5	1507	$2,100	$1.39	18d	1	0.05mi
7061 Tide Cir Labelle, FL	4.0	2.0	1500	$1,695	$1.13	25d	1	0.25mi
6210 Forest Ct Labelle, FL	3.0	2.5	1503	$2,200	$1.46	25d	1	0.42mi
9011 Penny Cir Labelle, FL	3.0	2.0	1731	$2,400	$1.39	25d	1	0.43mi
9001 Penny Cir Labelle, FL	3.0	2.0	1472	$2,300	$1.56	18d	1	0.49mi
9001 Penny Cir Labelle, FL	3.0	2.0	1472	$2,300	$1.56	25d	1	0.49mi
801 SW Raintree Blvd Labelle, FL	3.0	2.0	1285	$1,700	$1.32	25d	1	0.56mi
7038 Lotus Cir Labelle, FL	4.0	3.0	1680	$2,200	$1.31	18d	1	0.61mi
9013 Ike Ct Labelle, FL	3.0	2.0	1367	$2,100	$1.54	4d	1	0.69mi
9012 S Indio Ct Labelle, FL	3.0	2.0	1400	$2,100	$1.50	21d	1	0.78mi
8030 Olive Cir Labelle, FL	4.0	2.0	1499	$2,300	$1.53	5d	1	0.78mi
9035 W Crow Cir Labelle, FL	4.0	2.0	1530	$1,950	$1.27	5d	1	0.90mi
8049 Memory Cir Labelle, FL	4.0	2.0	1686	$2,000	$1.19	5d	1	0.99mi
9018 W Justice Cir Labelle, FL	4.0	2.0	1499	$1,950	$1.30	13d	1	1.02mi
9007 Meadow Cir Labelle, FL	4.0	2.0	1500	$1,695	$1.13	5d	1	1.07mi
8004 Spice Ct Labelle, FL	3.0	2.0	1292	$2,000	$1.55	21d	1	1.13mi
8033 Melody Cir Labelle, FL	3.0	2.0	1215	$1,999	$1.65	18d	1	1.13mi
5029 S Rosebud Cir Labelle, FL	3.0	2.0	1389	$1,780	$1.28	25d	1	1.20mi
6018 Acorn Cir Labelle, FL	3.0	2.0	1408	$2,200	$1.56	18d	1	1.21mi
8002 Vega Ct Labelle, FL	3.0	2.0	1389	$1,900	$1.37	25d	1	1.45mi

Listing history 21 events

1. 2026-06-17
   days on market $355,000 Active 55 DOM
2. 2026-06-16
   days on market $355,000 Active 54 DOM
3. 2026-06-15
   days on market $355,000 Active 53 DOM
4. 2026-06-13
   days on market $355,000 Active 51 DOM
5. 2026-06-13
   days on market $355,000 Active 50 DOM
6. 2026-06-10
   days on market $355,000 Active 48 DOM
7. 2026-06-09
   days on market $355,000 Active 47 DOM
8. 2026-06-08
   days on market $355,000 Active 46 DOM
9. 2026-06-07
   days on market $355,000 Active 45 DOM
10. 2026-06-03
    days on market $355,000 Active 41 DOM
11. 2026-06-02
    days on market $355,000 Active 40 DOM
12. 2026-06-01
    days on market $355,000 Active 39 DOM
13. 2026-05-31
    days on market $355,000 Active 38 DOM
14. 2026-04-23
    listed $355,000 Active
15. 2023-09-22
    soldstatus $18,500
16. 2023-09-21
    soldstatus $18,500 Sold 1130-char remark

    Show marketing remark (1130 chars)

    Clear LOT and ready to build…!!! Amazing Value! Priced to Sell… Lot cleared and ready to develop your project in the growing city of Port LaBelle, FL. Beautiful houses are being built in this quiet neighborhood and prices are rising. Build your dream home and start enjoying the Florida lifestyle, or just invest in your future. This desirable lot is in a great location close to all the good things Florida has to offer. Property is centrally located, just a few miles from schools, Florida Southwestern State College, supermarkets and grocery stores, LaBelle Airport, Port LaBelle Marina (boating on Caloosahatchee River), local parks, retail shopping, restaurants, hospitals, and more. Port LaBelle is conveniently located with easy access to SR-80 to Fort Myers, Miami, Fort Lauderdale, West Palm Beach, Tampa, and Orlando. Some of Florida’s best beaches are within 1 hr drive. This property is a great acquisition whether you are looking to build your dream home in sunny Florida, you want to protect yourself from rising inflation, or simply invest for the future. Area is rapidly increasing in value.

17. 2023-09-01
    status Pending 1130-char remark

    Show marketing remark (1130 chars)

    Clear LOT and ready to build…!!! Amazing Value! Priced to Sell… Lot cleared and ready to develop your project in the growing city of Port LaBelle, FL. Beautiful houses are being built in this quiet neighborhood and prices are rising. Build your dream home and start enjoying the Florida lifestyle, or just invest in your future. This desirable lot is in a great location close to all the good things Florida has to offer. Property is centrally located, just a few miles from schools, Florida Southwestern State College, supermarkets and grocery stores, LaBelle Airport, Port LaBelle Marina (boating on Caloosahatchee River), local parks, retail shopping, restaurants, hospitals, and more. Port LaBelle is conveniently located with easy access to SR-80 to Fort Myers, Miami, Fort Lauderdale, West Palm Beach, Tampa, and Orlando. Some of Florida’s best beaches are within 1 hr drive. This property is a great acquisition whether you are looking to build your dream home in sunny Florida, you want to protect yourself from rising inflation, or simply invest for the future. Area is rapidly increasing in value.

18. 2023-08-19
    status Active 1130-char remark

    Show marketing remark (1130 chars)

    Clear LOT and ready to build…!!! Amazing Value! Priced to Sell… Lot cleared and ready to develop your project in the growing city of Port LaBelle, FL. Beautiful houses are being built in this quiet neighborhood and prices are rising. Build your dream home and start enjoying the Florida lifestyle, or just invest in your future. This desirable lot is in a great location close to all the good things Florida has to offer. Property is centrally located, just a few miles from schools, Florida Southwestern State College, supermarkets and grocery stores, LaBelle Airport, Port LaBelle Marina (boating on Caloosahatchee River), local parks, retail shopping, restaurants, hospitals, and more. Port LaBelle is conveniently located with easy access to SR-80 to Fort Myers, Miami, Fort Lauderdale, West Palm Beach, Tampa, and Orlando. Some of Florida’s best beaches are within 1 hr drive. This property is a great acquisition whether you are looking to build your dream home in sunny Florida, you want to protect yourself from rising inflation, or simply invest for the future. Area is rapidly increasing in value.

19. 2023-08-11
    status Pending 1130-char remark

    Show marketing remark (1130 chars)

    Clear LOT and ready to build…!!! Amazing Value! Priced to Sell… Lot cleared and ready to develop your project in the growing city of Port LaBelle, FL. Beautiful houses are being built in this quiet neighborhood and prices are rising. Build your dream home and start enjoying the Florida lifestyle, or just invest in your future. This desirable lot is in a great location close to all the good things Florida has to offer. Property is centrally located, just a few miles from schools, Florida Southwestern State College, supermarkets and grocery stores, LaBelle Airport, Port LaBelle Marina (boating on Caloosahatchee River), local parks, retail shopping, restaurants, hospitals, and more. Port LaBelle is conveniently located with easy access to SR-80 to Fort Myers, Miami, Fort Lauderdale, West Palm Beach, Tampa, and Orlando. Some of Florida’s best beaches are within 1 hr drive. This property is a great acquisition whether you are looking to build your dream home in sunny Florida, you want to protect yourself from rising inflation, or simply invest for the future. Area is rapidly increasing in value.

20. 2023-08-10
    listed $19,499 Active 1130-char remark

    Show marketing remark (1130 chars)

    Clear LOT and ready to build…!!! Amazing Value! Priced to Sell… Lot cleared and ready to develop your project in the growing city of Port LaBelle, FL. Beautiful houses are being built in this quiet neighborhood and prices are rising. Build your dream home and start enjoying the Florida lifestyle, or just invest in your future. This desirable lot is in a great location close to all the good things Florida has to offer. Property is centrally located, just a few miles from schools, Florida Southwestern State College, supermarkets and grocery stores, LaBelle Airport, Port LaBelle Marina (boating on Caloosahatchee River), local parks, retail shopping, restaurants, hospitals, and more. Port LaBelle is conveniently located with easy access to SR-80 to Fort Myers, Miami, Fort Lauderdale, West Palm Beach, Tampa, and Orlando. Some of Florida’s best beaches are within 1 hr drive. This property is a great acquisition whether you are looking to build your dream home in sunny Florida, you want to protect yourself from rising inflation, or simply invest for the future. Area is rapidly increasing in value.

21. 2023-07-28
    soldstatus $11,000

ⓘ 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 2/10 Low FEMA zone X (unshaded) · 3% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,128
• − Mortgage interest: −$19,886
• − Property taxes: −$5,325
• − Insurance: −$1,775
• − Repairs & maintenance: −$2,090
• − Management: −$2,090
• − Depreciation: −$10,327
• Taxable loss: −$15,365
• Est. tax savings @ 24.0%: +$3,688
• After-tax cash flow: $-5,111/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

+3127.3% since first listed

8 events — show timeline

• 2026-04-23 Listed $355,000 FORTMLS
• 2023-09-22 Sold (Public Records) $18,500 Public Records
• 2023-09-21 Sold (MLS) $18,500 NAPLESMLS
• 2023-09-01 Pending — NAPLESMLS
• 2023-08-19 Relisted — NAPLESMLS
• 2023-08-11 Pending — NAPLESMLS
• 2023-08-10 Listed $19,499 NAPLESMLS
• 2023-07-28 Sold (Public Records) $11,000 Public Records

Property tax history

+11.7%/yr

Latest (2025): $489 · +13.0% YoY. Source: county tax records.