1021 El Dorado BLVD N
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Nearby Schools
Educational options and performance ratings in the area.
Hector A. Cafferata Jr Elementary School
Mariner Middle School
Mariner 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
From a conservative standpoint, this Cape Coral property presents a challenging cash flow profile. While the purchase price of $151 per square foot is objectively attractive for a 2,119 square foot home, the 5.5% gross rental yield is insufficient to offset Florida's escalating carrying costs. With rising property insurance premiums and hurricane-related assessments common in Lee County, the projected net operating income (NOI) is likely to be razor-thin or negative after factoring in maintenance, taxes, and management. High inventory levels in the immediate area further limit rental growth potential, making this a speculative appreciation play rather than a stable income investment.
- • Competitive price per square foot compared to regional averages
- • Large floor plan for a 3-bedroom configuration provides marketability
- • Consistent 4% projected appreciation provides a long-term equity cushion
- • Gross yield is too low to safely cover Florida's high insurance and tax environment
- • Cape Coral market currently faces high inventory levels, slowing rent appreciation
- • Flood zone location necessitates high-cost flood insurance, eroding margins
- • Low net cap rate offers zero margin for error regarding vacancy or unexpected repairs
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-03-10 | Listed for sale | $320,000 | $151 |
| 2026-03-01 | Listing removed | $375,900 | $177 |
| 2025-09-10 | Price change | $375,900 | $177 |
| 2025-08-13 | Listed for sale | $399,900 | $189 |
| 2025-06-28 | Listing removed | $403,990 | $191 |
| 2025-04-24 | Price change | $403,990 | $191 |
| 2025-03-19 | Price change | $412,000 | $194 |
| 2025-02-07 | Listed for sale | $419,900 | $198 |
| 2024-03-04 | Listing removed | $0 | – |
| 2024-02-18 | Listed for sale | $415,500 | $196 |
| 2024-02-05 | Listing removed | $0 | – |
| 2024-01-24 | Listed for sale | $419,500 | $198 |
| 2015-08-31 | Sold | $184,900 | $87 |
| 2015-07-20 | Pending sale | $179,900 | $85 |
| 2015-07-13 | Price change | $179,900 | $85 |
| 2015-06-21 | Listed for sale | $189,900 | $90 |
| 2012-11-19 | Sold | $125,000 | $59 |
| 2012-09-17 | Listed for sale | $125,000 | $59 |
| 2011-03-28 | Sold | $90,000 | $42 |
| 2011-02-15 | Listed for sale | $89,900 | $42 |
| 2010-12-22 | Sold | $98,600 | $47 |
| 2002-02-12 | Sold | $2,400 | $1 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,837.4 | $217,571 |
| 2024 | $3,596.7 | $211,439 |
| 2023 | $3,465.19 | $205,281 |
| 2022 | $3,218.13 | $199,302 |
| 2021 | $3,267.68 | $0 |
| 2020 | $3,306.27 | $190,825 |
| 2019 | $3,207.25 | $186,535 |
| 2018 | $3,207.25 | $186,331 |
| 2017 | $3,255.89 | $182,499 |
| 2016 | $3,240.35 | $159,712 |
| 2015 | $3,575.7 | $138,302 |
| 2014 | $3,199.2 | $130,405 |
| 2013 | $2,997.6 | $114,489 |
| 2012 | $1,545.05 | $103,101 |
| 2011 | $2,066 | $86,100 |
| 2010 | $1,124.53 | $80,798 |
| 2009 | $1,369.3 | $92,880 |
| 2008 | $2,504.6 | $202,480 |
| 2007 | $2,698.47 | $224,220 |
| 2006 | $2,714.84 | $226,900 |
| 2004 | $3,210.3 | $142,280 |
| 2003 | $109.49 | $3,140 |
| 2002 | $67.18 | $1,570 |
| 2000 | $0 | $1,570 |
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: $14,344/yr
On $73,600 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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