OFF_MARKETGood Deal166 days on market

2905 38th St W

2905 38th St W, Lehigh Acres, FL 33971, Lehigh Acres, FL 33971
$259,900
Zestimate®:$261,600$1,700 Under Market

Listing Price

Property image 1
2905 38th St W, Lehigh Acres, FL 33971
Loc: Lehigh Acres, FL
Days Listed
166
Tax Assessed
$16k
Zestimate®
$262k
1% Under Valued
Lot Size
0.25 acres
Rent Estimate
$1,800/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

4

Harns Marsh Elementary School

PK-5
1.4 mi away
6

Harns Marsh Middle School

6-8
1.3 mi away
3

Lehigh Senior High School

9-12
3.4 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
6.91%
Total ROI
24.2%
Cash Flow
$182/mo
DSCR
1.14
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-05-14Sold$262,000$227
2026-04-06Listing removed$1,800$2
2026-04-06Pending sale$259,900$225
2026-04-01Listed for rent$1,800$2
2026-03-11Price change$259,900$225
2025-12-12Price change$265,900$230
2025-11-01Price change$274,900$238
2025-10-04Listed for sale$279,000$242

Tax History

YearProperty TaxTax Assessment
2025$808.73$14,181
2024$403.53$12,892
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,154
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $259,900Rent Basis: Observed Comp Model ($1,800/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $150/mo
Haven ScoreRisky
2/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
5.65%

NOI: $14,674/yr

Cash-on-Cash Yield
-2.5%

On $59,777 invested

DSCR Ratio
0.91x

Negative debt coverage

5-Yr Leveraged ROI
+81.6%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$13/mo
Homeowner / Hazard Insurance-$150/mo
Vacancy Reserve (5% of rent)-$90/mo
Repairs & Maintenance (10% of rent)-$180/mo
Property Management (8% of rent)-$144/mo
Total Pure Operating Expenses-$577/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,800/mo
Less: Operating Expenses-$577/mo
Net Operating Income (NOI)+$1,223/mo
Less: Debt Service (30yr @ 6.75%)-$1,349/mo
Net Cash Flow
$-126/mo
$-1,509/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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