OFF_MARKETRisky Deal3 days on market

218 NW 22nd Ave

218 NW 22nd Ave, Cape Coral, FL 33993, Cape Coral, FL 33993
$440,000
Zestimate®:$426,500

Listing Price

Property image 1
218 NW 22nd Ave, Cape Coral, FL 33993
Loc: Cape Coral, FL
Days Listed
3
Tax Assessed
$390k
Zestimate®
$427k
Market Rate
Lot Size
0.34 acres
Rent Estimate
$3,023/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.

6

Trafalgar Elementary School

PK-5
2.7 mi away
4

Mariner Middle School

6-8
0.9 mi away
3

Mariner High School

9-12
1 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
4.88%
Total ROI
64.9%
Cash Flow
$-494/mo
DSCR
0.78
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-03-02Listed for sale$440,000$196
2019-09-12Sold$257,000$114
2019-07-01Pending sale$263,000$117
2019-06-18Price change$263,000$117
2019-01-11Price change$274,900$122
2018-10-16Price change$284,900$127
2018-09-04Listed for sale$294,900$131
2017-04-17Listing removed$1,595$1
2017-04-07Listed for rent$1,595$1
2015-03-05Listing removed$1,595$1
2015-02-26Listed for rent$1,595$1
2013-01-04Listing removed$1,350$1
2012-12-13Listed for rent$1,350$1
2012-11-15Sold$143,000$64
2012-10-06Listed for sale$159,900$71
2012-04-06Listing removed$159,900$71
2012-02-25Price change$159,900$71
2011-11-03Listed for sale$169,900$76
2002-10-21Sold$6,500$3

Tax History

YearProperty TaxTax Assessment
2025$3,305.05$177,549
2024$3,085.67$172,545
2023$2,939.69$167,519
2022$2,702.23$162,640
2021$2,712.87$0
2020$2,733.59$155,723
2019$5,050.36$244,669
2018$5,050.36$247,086
2017$5,190.82$242,230
2016$5,079.28$214,549
2015$4,641.63$192,513
2014$4,322.71$182,791
2013$4,115.01$161,700
2012$1,883.16$135,102
2011$1,844.61$114,405
2010$1,893.97$114,905
2009$2,039.57$123,230
2008$3,187.81$246,060
2007$3,369.54$278,130
2006$3,392.3$273,720
2004$3,088.01$160,150
2003$170.88$5,190
2002$104.18$2,520
2000$0$2,310
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
2,248
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: $440,000Rent Basis: Observed Comp Model ($3,023/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $220/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.88%

NOI: $21,474/yr

Cash-on-Cash Yield
-5.9%

On $101,200 invested

DSCR Ratio
0.78x

Negative debt coverage

5-Yr Leveraged ROI
+64.9%

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)-$318/mo
Homeowner / Hazard Insurance-$220/mo
Vacancy Reserve (5% of rent)-$151/mo
Repairs & Maintenance (10% of rent)-$302/mo
Property Management (8% of rent)-$242/mo
Total Pure Operating Expenses-$1,233/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,023/mo
Less: Operating Expenses-$1,233/mo
Net Operating Income (NOI)+$1,790/mo
Less: Debt Service (30yr @ 6.75%)-$2,283/mo
Net Cash Flow
$-494/mo
$-5,923/year
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218 NW 22nd Ave | Cape Coral, FL | Haven AI Analysis | Haven by ScoutHavens