2919 N Elaine Ave Ave N · Lehigh Acres, FL 33971

$249,000

3 bd · 2.0 ba · 1,758 sqft · SingleFamily public records · 6 Days on market

Built 2008 0.25 ac lot Est $376k · 34% under

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Why this score? — see what drove the C- 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 +15.7/30.0
• ARV discount +15.0/15.0
• DSCR +4.8/10.0
• 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

3% Seller Concession makes this the Best-Priced Home in the Area! This 3-bedroom, 2-bath home offers nearly 1,800 square feet of living space and an opportunity to build equity with some cosmetic updates. Major improvements have already been completed, including a new roof installed in 2023. The split-bedroom floor plan features high ceilings, spacious living and dining areas, and plenty of natural light. Outside, the fully fenced backyard includes mature fruit trees and room for pets, gardening, entertaining, or a future pool. Conveniently located near shopping, dining, schools, parks, and major commuter routes, this home is ideal for first-time buyers, investors, or anyone looking to make a home their own. With its size, location, and seller concession, this is one of the best values currently available in the area.

Key facts

• Mature fruit trees
• Natural light
• New roof

Tags

• NEW ROOF
• FULLY FENCED BACKYARD
• MATURE FRUIT TREES
• NATURAL LIGHT
• SPLIT-BEDROOM FLOOR PLAN
• CONVENIENTLY LOCATED

Property features AI

Exterior

• Parking: Total parking for 8 vehicles; Attached 2-car garage; Detached carport; Covered parking (2 spaces); Driveway
• Utilities: Well water; Septic tank sewer; Cable available; Electricity available; Water available
• Home design: Single family residence; One story; Resale property; Faces north
• Construction: Block and stucco construction; Shingle roof; Single-story building
• Exterior features: Back yard with full wood fencing and gate; No waterfront

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Electric cooktop; Freezer; Electric water heater
• Bedrooms: One main-level bedroom
• Flooring: Carpet; Tile
• Bathrooms: Two full bathrooms; One bathroom on the main level
• Heating & cooling: Central electric heating; Electric cooling
• Interior features: High ceilings; Walk-in closet(s); Split bedroom layout
• Laundry & utility: In-unit laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $249k.

Deal economics

• At list price, monthly cash flow is $108 ($1k/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 $216k (13.4% below list).
• Recommended offer: $216k (13.4% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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).
• This rent runs 33% of the median local income ($78k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 10y 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 $157k; list at $249k implies a 59% 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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $215,737 (13.4% 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. 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.
4. 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.
5. 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: 6.81%
• Cash-on-cash: 1.85%
• DSCR: 1.08
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $376,212
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2708 Helen Pl	0.33mi	3/2.0	1,633 (-7%)	8mo	$330,000	$202	66
1015 Pine Ave	0.56mi	3/2.0	1,811 (+3%)	15mo	$380,000	$210	57
3009 32nd St W	0.56mi	3/2.0	1,799 (+2%)	17mo	$360,000	$200	56
1006 Pine Ave	0.64mi	3/2.0	1,811 (+3%)	11mo	$380,000	$210	56
2917 23rd St W	0.70mi	3/2.0	1,771 (+1%)	14mo	$374,000	$211	54
1110 Lee Ave N	0.41mi	3/2.0	1,639 (-7%)	18mo	$350,000	$214	54
1115 Wagner Ave	0.54mi	4/3.0 (+1)	1,866 (+6%)	6mo	$430,000	$230	51
2914 22nd St W	0.71mi	3/2.0	1,723 (-2%)	16mo	$380,000	$221	50
1307 Wagner Ave	0.67mi	3/3.0	1,894 (+8%)	2mo	$395,000	$209	50
2802 22nd St W	0.59mi	3/2.0	1,630 (-7%)	15mo	$355,000	$218	48
3001 37th St W	0.66mi	3/2.0	1,630 (-7%)	12mo	$355,000	$218	47
3000 38th St W	0.73mi	3/2.0	1,537 (-13%)	15mo	$340,000	$221	33

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

5-year hold

• IRR: -16.6%
• Equity multiple: 0.43×
• Total profit: $-39,857
• Equity at exit: $37,127

10-year hold

• IRR: -14.5%
• Equity multiple: 0.28×
• Total profit: $-50,486
• Equity at exit: $21,529

Cash invested: $69,720 (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: $2,157 high
• Mortgage (P&I): −$1,306
• Tax from tax record: −$187 /mo · $2,245/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$453
• Net cashflow: $108

Break-even live

Break-even rent $2,021

Max offer price $249,000

Occupancy floor 90%

Sensitivity live

Price	-10% $249	-5% $178	+0% $108	+5% $37	+10% $-33
Rent	-10% $-63	-5% $22	+0% $108	+5% $193	+10% $278
Rate	-1.0pp $233	-0.5pp $171	base $108	+0.5pp $43	+1.0pp $-22

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: $62,250
• Closing costs: $7,470
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3315 Sunshine Blvd N Lehigh Acres, FL	3.0	2.0	1630	$2,000	$1.23	5d	1	0.15mi
2611 Carol Pl Lehigh Acres, FL	3.0	2.0	1406	$1,895	$1.35	12d	1	0.26mi
2614 Carol Pl Lehigh Acres, FL	3.0	2.0	1595	$1,695	$1.06	18d	1	0.29mi
3405 Hanna Ave N Lehigh Acres, FL	4.0	3.0	1698	$2,200	$1.30	25d	1	0.32mi
2522 Alice Pl Lehigh Acres, FL	3.0	2.0	1630	$2,300	$1.41	5d	1	0.34mi
2608 25th St W Lehigh Acres, FL	3.0	2.0	1633	$2,300	$1.41	25d	1	0.36mi
3175 Sunshine Blvd Lehigh Acres, FL	3.0	2.0	1633	$2,100	$1.29	4d	1	0.43mi
2809 Darlene Pl Lehigh Acres, FL	3.0	2.0	1600	$2,000	$1.25	25d	1	0.46mi
2805 24th St W Lehigh Acres, FL	3.0	3.0	1980	$2,200	$1.11	25d	1	0.51mi
2815 24th St W Lehigh Acres, FL	4.0	2.0	1820	$1,875	$1.03	5d	1	0.54mi
3005 31st St W Lehigh Acres, FL	3.0	2.0	1600	$1,950	$1.22	4d	1	0.56mi
2513 22nd St W Lehigh Acres, FL	4.0	2.0	1389	$1,750	$1.26	23d	1	0.60mi
2513 22nd St W Lehigh Acres, FL	4.0	2.0	1389	$1,750	$1.26	16d	1	0.60mi
2610 40th St W Lehigh Acres, FL	3.0	2.0	1472	$2,000	$1.36	25d	1	0.64mi
2611 20th St W Lehigh Acres, FL	3.0	2.0	2126	$2,556	$1.20	12d	1	0.71mi
1711 W 12th St Lehigh Acres, FL	3.0	2.0	1400	$1,999	$1.43	21d	1	0.74mi
1711 W 12th St Lehigh Acres, FL	3.0	2.0	1400	$1,999	$1.43	21d	1	0.74mi
2917 22nd St W Lehigh Acres, FL	4.0	2.0	1550	$2,150	$1.39	25d	1	0.75mi
2719 42nd St W Lehigh Acres, FL	3.0	2.0	1637	$2,000	$1.22	16d	1	0.75mi
3208 31st St W Lehigh Acres, FL	3.0	2.0	1501	$2,100	$1.40	25d	1	0.76mi
2615 19th St W Lehigh Acres, FL	3.0	2.0	1698	$2,000	$1.18	25d	1	0.77mi
2712 18th St W Lehigh Acres, FL	4.0	3.0	2030	$2,730	$1.34	4d	1	0.81mi
3005 40th St W Lehigh Acres, FL	3.0	2.0	1272	$2,000	$1.57	5d	1	0.84mi
3005 41st St W Lehigh Acres, FL	3.0	2.0	1853	$2,250	$1.21	25d	1	0.88mi
2808 44th St W Lehigh Acres, FL	4.0	2.0	1800	$1,745	$0.97	25d	1	0.92mi
3202 37th St W Lehigh Acres, FL	3.0	2.5	1412	$1,705	$1.21	16d	1	0.95mi
2918 16th St Lehigh Acres, FL	3.0	2.0	1324	$1,845	$1.39	23d	1	1.06mi
1407 W 10th St Lehigh Acres, FL	3.0	2.0	1407	$1,700	$1.21	25d	1	1.10mi
3310 35th St W Lehigh Acres, FL	4.0	2.0	2133	$1,745	$0.82	25d	1	1.11mi
3313 35th St W Lehigh Acres, FL	3.0	2.0	1458	$1,950	$1.34	25d	1	1.11mi
2820 14th St W Lehigh Acres, FL	3.0	2.0	2007	$2,791	$1.39	5d	1	1.12mi
4624 Connie Ave N Lehigh Acres, FL	3.0	2.0	1562	$2,200	$1.41	25d	1	1.13mi
4624 Connie Ave N Lehigh Acres, FL	3.0	2.0	1562	$2,200	$1.41	4d	1	1.13mi
4626 Connie Ave N Lehigh Acres, FL	3.0	2.0	1562	$2,200	$1.41	4d	1	1.14mi
4626 Connie Ave N Lehigh Acres, FL	3.0	2.0	1562	$2,200	$1.41	25d	1	1.14mi
4626 Ida Ave N Lehigh Acres, FL	3.0	2.0	1615	$2,000	$1.24	18d	1	1.15mi
3203 18th St W Lehigh Acres, FL	3.0	2.5	1710	$2,250	$1.32	25d	1	1.18mi
2913 14th St W Lehigh Acres, FL	3.0	2.0	1629	$2,400	$1.47	4d	1	1.19mi
2913 14th St W Lehigh Acres, FL	4.0	2.0	1629	$2,300	$1.41	25d	1	1.19mi
2800 47th St W Lehigh Acres, FL	3.0	2.0	1370	$2,000	$1.46	25d	1	1.20mi

Listing history 6 events

1. 2026-06-17
   status $249,000 Pending 6 DOM
2. 2026-06-17
   days on market $249,000 Active 6 DOM
3. 2026-06-16
   days on market $249,000 Active 5 DOM
4. 2026-06-15
   days on market $249,000 Active 4 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   listed $249,000 Active 2 DOM

ⓘ 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: $2,245 · $187/mo
• Projected year-2 tax: $2,245 · $187/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 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 28 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: $25,888
• − Mortgage interest: −$13,948
• − Property taxes: −$2,245
• − Insurance: −$1,245
• − Repairs & maintenance: −$2,071
• − Management: −$2,071
• − Depreciation: −$7,244
• Taxable loss: −$2,936
• Est. tax savings @ 24.0%: +$705
• After-tax cash flow: $1,997/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

+861.4% since first listed

10 events — show timeline

• 2026-06-11 Listed $249,000 Beaches MLS
• 2026-06-10 Listed $249,000 FORTMLS
• 2016-10-26 Price Changed $157,000 FORTMLS
• 2016-10-14 Sold (Public Records) $157,000 Public Records
• 2016-10-14 Sold (MLS) $157,000 FORTMLS
• 2016-10-14 Price Changed $157,750 FORTMLS
• 2016-07-05 Pending — FORTMLS
• 2016-05-16 Price Changed $157,750 FORTMLS
• 2016-03-15 Listed $159,900 FORTMLS
• 2005-02-25 Sold (MLS) $25,900 FORTMLS

Property tax history

+3.5%/yr

Latest (2025): $2,245 · +4.5% YoY. Source: county tax records.