363 SW 24th Ct · Cape Coral, FL 33991

$5,000

4 bd · 3.0 ba · 1,918 sqft · SingleFamily public records · 8 Days on market

Built 2023 10,019 sqft 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.1/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +0.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BEAUTIFUL house located in the SW of Cape Coral near restaurants, schools and shopping centers. House with four bedrooms and three bathrooms, with a large master with a very nice and modern bathroom, another bathroom with access to the outside for a future pool, spacious living room, impact resistant windows and doors. Do not miss the opportunity and visit it now!

Key facts

• 0.23 acre lot
• 2 garage spots
• Built 2023

Property features AI

Exterior

• Parking: Garage (2 spaces)
• Utilities: Other water source; Other sewer
• Home design: Single family residence; One story; Residential property; Zoned R1-D
• Construction: Construction materials: See remarks
• Exterior features: Front porch; Other roof

Interior

• Bedrooms: Total of 1 room
• Flooring: Other
• Bathrooms: 3 full bathrooms
• Heating & cooling: No heating; No cooling
• Interior features: Other flooring

🏷️ Possibly a rental listed for sale. The $5,000 price doesn't fit this home's estimated sale value (~$425,796) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $2k ($22k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $5k).
• Cap rate 466.5% vs local median 3.1% in Cape Coral — 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 77/100 on livability (#208 in FL, #3,098 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, amenities B+; Watch: commute 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.
• Market conditions: Rents falling (-8.6%/yr); 686 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 35% of the median local income ($84k/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 $35 of loan paydown is wiped out by about $150 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $5,000

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-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: 49.42% ✓
• Cap rate: 466.46%
• Cash-on-cash: 1643.47%
• DSCR: 74.13
• GRM: 0.2

CMA / ARV

• ARV (on-the-fly): $425,796
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
222 SW 25th Ave	0.36mi	4/3.0	2,010 (+5%)	7mo	$597,500	$297	69
2243 SW 2nd Ln	0.41mi	4/3.0	1,998 (+4%)	13mo	$589,000	$295	63
2508 SW 1st St	0.57mi	4/2.5	2,012 (+5%)	4mo	$410,000	$204	60
2729 SW 4th Ter	0.56mi	4/2.0	1,809 (-6%)	3mo	$360,000	$199	57
1912 SW 3rd Ter	0.67mi	4/2.0	1,828 (-5%)	1mo	$364,875	$200	56
208 SW 24th Pl	0.39mi	3/2.0 (-1)	2,017 (+5%)	12mo	$345,450	$171	54
2610 SW Embers Ter	0.67mi	4/3.0	2,076 (+8%)	2mo	$489,990	$236	54
211 SW 26th Ave	0.44mi	3/2.0 (-1)	1,797 (-6%)	10mo	$290,000	$161	52
16 SW 22nd Ave	0.70mi	4/2.0	1,800 (-6%)	3mo	$400,000	$222	51
2124 SW 2nd St	0.57mi	3/2.5 (-1)	1,881 (-2%)	18mo	$675,000	$359	48
2716 SW 2nd Ln	0.60mi	4/2.0	1,712 (-11%)	13mo	$293,900	$172	39
24 SW 21st Ave	0.73mi	3/2.0 (-1)	1,714 (-11%)	15mo	$500,000	$292	27

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: —
• Equity multiple: 79.51×
• Total profit: $109,913
• Equity at exit: $746

10-year hold

• IRR: —
• Equity multiple: 158.03×
• Total profit: $219,841
• Equity at exit: $432

Cash invested: $1,400 (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 33991

• Home prices YoY: -27.8%
• Rents YoY: -8.6%
• Active inventory: 686
• Price-to-rent: 0.2×

Monthly cashflow live

• Estimated rent: $2,471 high
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$519
• Net cashflow: $1,851

Break-even live

Break-even rent $128

Max offer price $5,000

Occupancy floor 20%

Sensitivity live

Price	-10% $1,854	-5% $1,853	+0% $1,851	+5% $1,849	+10% $1,847
Rent	-10% $1,656	-5% $1,753	+0% $1,851	+5% $1,949	+10% $2,046
Rate	-1.0pp $1,853	-0.5pp $1,852	base $1,851	+0.5pp $1,850	+1.0pp $1,848

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: $1,250
• Closing costs: $150
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
326 SW 24th Pl Cape Coral, FL	3.0	2.0	1747	$1,795	$1.03	25d	1	0.18mi
2251 SW 4th St Cape Coral, FL	3.0	2.0	1806	$1,595	$0.88	11d	1	0.28mi
221 SW 25th Ave Cape Coral, FL	4.0	2.5	1871	$2,600	$1.39	3d	1	0.36mi
212 SW 25th Ave Cape Coral, FL	4.0	2.0	1828	$1,850	$1.01	25d	1	0.40mi
2239 SW 2nd Ln Cape Coral, FL	3.0	2.5	2362	$2,200	$0.93	25d	1	0.42mi
223 SW 22nd Ct Cape Coral, FL	3.0	3.0	1910	$3,500	$1.83	25d	1	0.47mi
3305 Grant Cove Cir Cape Coral, FL	1.0–3.0	1.0–2.0	1061	$2,133	$2.01	3d	20	0.60mi
2447 SW Embers Ter Cape Coral, FL	3.0	3.0	1870	$2,100	$1.12	17d	1	0.66mi
606 SW 29th Ave Cape Coral, FL	3.0	1.0–2.0	995	$2,126	$2.14	3d	56	0.72mi
2507 Embers Pkwy W Cape Coral, FL	3.0	2.0	1777	$2,450	$1.38	25d	1	0.74mi
17 El Dorado Blvd N Cape Coral, FL	3.0	2.0	1779	$2,200	$1.24	25d	1	0.78mi
2725 SW Embers Ter Cape Coral, FL	3.0	2.0	1970	$2,100	$1.07	4d	1	0.79mi
2772 Lambay Ct Cape Coral, FL	3.0	3.0	2267	$4,200	$1.85	25d	1	0.85mi
2716 NW Embers Ter Cape Coral, FL	4.0	3.0	1765	$3,000	$1.70	25d	1	0.87mi
2637 NW 1st St Cape Coral, FL	3.0	2.0	1968	$2,475	$1.26	25d	1	0.91mi
1833 SW 11th Ter Cape Coral, FL	4.0	2.0	1838	$8,000	$4.35	25d	1	0.94mi
128 NW 25th Pl Cape Coral, FL	3.0	2.0	1409	$2,850	$2.02	25d	1	0.96mi
2100 SW 12th Ter Cape Coral, FL	4.0	2.0	1951	$2,631	$1.35	4d	1	0.98mi
2835 NW Embers Ter Cape Coral, FL	3.0	2.0	1667	$2,250	$1.35	16d	1	0.99mi
1900 NW Embers Ter Cape Coral, FL	4.0	3.0	2009	$2,900	$1.44	25d	1	0.99mi
1827 Embers Pkwy W Cape Coral, FL	4.0	3.0	1807	$2,500	$1.38	16d	1	1.01mi
1827 Embers Pkwy W Cape Coral, FL	4.0	3.0	1807	$2,300	$1.27	4d	1	1.01mi
1137 SW 18th Ct Cape Coral, FL	4.0	3.0	1918	$8,785	$4.58	25d	1	1.05mi
1817 SW 12th Ln Cape Coral, FL	4.0	2.0	1898	$2,275	$1.20	4d	1	1.08mi
231 NW 26th Ave Cape Coral, FL	3.0	2.0	1479	$2,300	$1.56	25d	1	1.09mi
1915 SW 13th St Cape Coral, FL	3.0	2.0	1557	$1,900	$1.22	25d	1	1.09mi
233 NW 22nd Pl Cape Coral, FL	4.0	3.0	1665	$2,200	$1.32	25d	1	1.11mi
1912 SW 13th St Cape Coral, FL	3.0	3.0	1931	$3,125	$1.62	25d	1	1.13mi
174 Shadroe Cove Cir #1004 Cape Coral, FL	3.0	2.5	2374	$3,200	$1.35	25d	1	1.16mi
313 El Dorado Blvd N Cape Coral, FL	3.0	2.0	1500	$2,300	$1.53	25d	1	1.16mi
2609 Clairfont Ct Cape Coral, FL	3.0	2.0	1726	$2,800	$1.62	25d	1	1.19mi
1229 SW 18th Ave Cape Coral, FL	3.0	2.0	1993	$2,141	$1.07	4d	1	1.19mi
2045 NW 3rd St Cape Coral, FL	3.0	2.0	1656	$2,095	$1.27	11d	1	1.20mi
1633 SW 12th Ter Cape Coral, FL	4.0	2.0	1828	$1,950	$1.07	4d	1	1.22mi
376 Penley Lake Cir Cape Coral, FL	1.0–3.0	1.0–2.0	1195	$2,874	$2.40	3d	87	1.22mi
2837 NW 3rd St Cape Coral, FL	3.0	3.0	1700	$3,500	$2.06	25d	1	1.27mi
2837 NW 3rd St Cape Coral, FL	3.0	3.0	1700	$3,500	$2.06	22d	1	1.27mi
2023 NW 3rd Ter Cape Coral, FL	3.0	2.0	1408	$2,150	$1.53	25d	1	1.29mi
811 SW 14th Pl Cape Coral, FL	3.0	2.0	1232	$1,655	$1.34	3d	1	1.33mi
3227 Embers Pkwy W Cape Coral, FL	4.0	3.0	2403	$5,000	$2.08	4d	1	1.35mi

Listing history 25 events

1. 2026-06-03
   days on market $5,000 Active 8 DOM
2. 2026-06-02
   days on market $5,000 Active 7 DOM
3. 2026-06-01
   days on market $5,000 Active 6 DOM
4. 2026-05-31
   days on market $5,000 Active 5 DOM
5. 2026-05-27
   listed $5,000 Active
6. 2025-09-03
   historical
7. 2025-08-06
   status Active
8. 2025-07-19
   status Pending
9. 2025-05-27
   listed $415,000 Active
10. 2023-06-20
    soldstatus $450,000 Closed 366-char remark

    Show marketing remark (366 chars)

    BEAUTIFUL house located in the SW of Cape Coral near restaurants, schools and shopping centers. House with four bedrooms and three bathrooms, with a large master with a very nice and modern bathroom, another bathroom with access to the outside for a future pool, spacious living room, impact resistant windows and doors. Do not miss the opportunity and visit it now!

11. 2023-06-14
    status Pending 366-char remark

    Show marketing remark (366 chars)

    BEAUTIFUL house located in the SW of Cape Coral near restaurants, schools and shopping centers. House with four bedrooms and three bathrooms, with a large master with a very nice and modern bathroom, another bathroom with access to the outside for a future pool, spacious living room, impact resistant windows and doors. Do not miss the opportunity and visit it now!

12. 2023-05-31
    historical 366-char remark

    Show marketing remark (366 chars)

    BEAUTIFUL house located in the SW of Cape Coral near restaurants, schools and shopping centers. House with four bedrooms and three bathrooms, with a large master with a very nice and modern bathroom, another bathroom with access to the outside for a future pool, spacious living room, impact resistant windows and doors. Do not miss the opportunity and visit it now!

13. 2023-05-03
    status Pending 366-char remark

    Show marketing remark (366 chars)

    BEAUTIFUL house located in the SW of Cape Coral near restaurants, schools and shopping centers. House with four bedrooms and three bathrooms, with a large master with a very nice and modern bathroom, another bathroom with access to the outside for a future pool, spacious living room, impact resistant windows and doors. Do not miss the opportunity and visit it now!

14. 2023-04-25
    price $450,000 366-char remark

    Show marketing remark (366 chars)

    BEAUTIFUL house located in the SW of Cape Coral near restaurants, schools and shopping centers. House with four bedrooms and three bathrooms, with a large master with a very nice and modern bathroom, another bathroom with access to the outside for a future pool, spacious living room, impact resistant windows and doors. Do not miss the opportunity and visit it now!

15. 2023-04-18
    listed $460,000 Active 366-char remark

    Show marketing remark (366 chars)

    BEAUTIFUL house located in the SW of Cape Coral near restaurants, schools and shopping centers. House with four bedrooms and three bathrooms, with a large master with a very nice and modern bathroom, another bathroom with access to the outside for a future pool, spacious living room, impact resistant windows and doors. Do not miss the opportunity and visit it now!

16. 2022-03-24
    soldstatus $55,089
17. 2022-03-22
    status Pending
18. 2022-03-22
    soldstatus $55,000 Closed
19. 2022-03-22
    soldstatus $55,000 Closed
20. 2022-02-21
    status Pending
21. 2021-04-21
    listed $59,900 Active
22. 2015-10-07
    soldstatus $36,900
23. 2009-08-26
    soldstatus $8,000
24. 2009-07-16
    soldstatus $6,500
25. 1982-01-01
    soldstatus $4,000

ⓘ 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 8/10 Severe FEMA zone X (shaded) · 98% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 6 d/yr ≥107°F today · 26 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: $29,650
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$822
• − Repairs & maintenance: −$2,372
• − Management: −$2,372
• − Depreciation: −$145
• Taxable income: $23,583
• Est. tax owed @ 24.0%: −$5,660
• After-tax cash flow: $16,551/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 — Cape Coral

• Score: 77/100
• State rank: #208
• US rank: #3098

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cape Coral, FL
• County: Lee County · 788,662 people
• City population: 217,388
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 27,725
• Household income: $84,470
• Rent vs Own: 21.3% rent · 78.7% own
• Severe rent burden: 760.0

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: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 20% Two or more races 14% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 6% Cuban 6%
• Common ancestry: Romanian 5% Lithuanian 3% Italian 3%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 81% English-only · Spanish 15% Russian/Polish/Slavic 1% Tagalog/Filipino 1%

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: ▼ -108.25%
• Current HPI: 281.0735
• Rent YoY: ▼ -8.55%
• 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

+25.0% since first listed

21 events — show timeline

• 2026-05-27 Listed $5,000 HAOR as distributed by MLS GRID
• 2025-09-03 Listing Removed — FORTMLS
• 2025-08-06 Relisted — FORTMLS
• 2025-07-19 Pending — FORTMLS
• 2025-05-27 Listed $415,000 FORTMLS
• 2023-06-20 Sold (MLS) $450,000 FORTMLS
• 2023-06-14 Pending — FORTMLS
• 2023-05-31 Listing Removed — FORTMLS
• 2023-05-03 Pending — FORTMLS
• 2023-04-25 Price Changed $450,000 FORTMLS
• 2023-04-18 Listed $460,000 FORTMLS
• 2022-03-24 Sold (Public Records) $55,089 Public Records
• 2022-03-22 Pending — FORTMLS
• 2022-03-22 Sold (MLS) $55,000 FORTMLS
• 2022-03-22 Sold (MLS) $55,000 FORTMLS
• 2022-02-21 Pending — FORTMLS
• 2021-04-21 Listed $59,900 FORTMLS
• 2015-10-07 Sold (Public Records) $36,900 Public Records
• 2009-08-26 Sold (Public Records) $8,000 Public Records
• 2009-07-16 Sold (Public Records) $6,500 Public Records
• 1982-01-01 Sold (Public Records) $4,000 Public Records

Property tax history

+30.6%/yr

Latest (2025): $6,346 · -2.3% YoY. Source: county tax records.