908 SE 21st Ter
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Caloosa Elementary School
Caloosa Middle School
Cape Coral High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
At a purchase price of $295,000, this property sits at an attractive entry point for the Cape Coral market. However, a gross rental yield of 6.97% is aggressive when factoring in Florida's volatile insurance landscape and local tax assessments. After accounting for a conservative 40-45% expense ratio—driven by escalating hurricane insurance premiums and maintenance—the net cash flow is marginal. While the 4% appreciation forecast is consistent with Lee County's long-term growth, the property’s location necessitates rigorous due diligence regarding flood zones and special assessments. This is a stable hold for appreciation, but conservative investors should expect thin immediate margins.
- • Low entry price point for a 3/2 single-family home in Florida
- • Favorable 3-bedroom configuration maximizes tenant pool
- • Strong historical appreciation trends in the Southwest Florida region
- • Escalating homeowners and flood insurance premiums in Cape Coral
- • High exposure to hurricane-related tail risk and capital expenditures
- • Compressed net cap rate after factoring in professional management and high property taxes
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-24 | Sold | $298,000 | $196 |
| 2026-03-10 | Pending sale | $295,000 | $194 |
| 2026-02-24 | Listed for sale | $295,000 | $194 |
| 2025-10-24 | Listing removed | $345,000 | $227 |
| 2025-08-21 | Price change | $345,000 | $227 |
| 2025-07-02 | Listed for sale | $350,000 | $230 |
| 2004-12-09 | Sold | $195,000 | $128 |
| 2002-11-07 | Sold | $144,500 | $95 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,915.45 | $103,930 |
| 2024 | $1,744.37 | $101,001 |
| 2023 | $1,614.68 | $98,059 |
| 2022 | $1,507.64 | $95,203 |
| 2021 | $1,453.78 | $91,930 |
| 2020 | $1,440.79 | $90,654 |
| 2019 | $1,386.07 | $155,035 |
| 2018 | $1,386.07 | $87,444 |
| 2017 | $1,360.84 | $85,645 |
| 2016 | $1,281.4 | $138,878 |
| 2015 | $1,270.15 | $121,801 |
| 2014 | $1,208.24 | $120,098 |
| 2013 | $1,085.86 | $106,211 |
| 2012 | $1,063.25 | $92,206 |
| 2011 | $1,034.81 | $77,725 |
| 2010 | $1,209.19 | $84,702 |
| 2009 | $1,363.63 | $92,610 |
| 2008 | $2,256.03 | $155,200 |
| 2007 | $2,407.69 | $194,780 |
| 2006 | $2,402.14 | $194,990 |
| 2004 | $1,826.75 | $114,200 |
| 2003 | $1,859.74 | $99,190 |
| 2002 | $1,313.32 | $87,750 |
| 2000 | $0 | $71,010 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $17,483/yr
On $67,850 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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