OFF_MARKETGood Deal2 days on market

2400/2402 Martin AVE

2400/2402 Martin AVE, LEHIGH ACRES, FL 33973, Lehigh Acres, FL 33973
$459,900
Zestimate®:$459,300

Listing Price

Property image 1
2400/2402 Martin AVE, LEHIGH ACRES, FL 33973
Loc: Lehigh Acres, FL
Days Listed
2
Tax Assessed
$429k
Zestimate®
$459k
Market Rate
Lot Size
0.28 acres
Rent Estimate
$1,697/mo
Est. Cash Flow base
Type
multi 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.

5

Gateway Elementary School

PK-5
1.4 mi away
5

East Zone Middle School Qq

6-8
6.1 mi away
5

Gateway High School

9-12
0.6 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
7.26%
Total ROI
26.0%
Cash Flow
$457/mo
DSCR
1.20
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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
2026-05-19Sold$459,900$194
2026-04-20Pending sale$459,900$194
2026-03-17Listed for sale$459,900$194
2020-02-04Sold$7,500$3
2014-01-27Sold$2,900$1

Tax History

YearProperty TaxTax Assessment
2025$6,452.85$428,945
2024$6,523.27$440,850
2023$5,879.47$420,120
2022$350.45$9,900
2021$325.19$9,000
2020$291.96$5,720
2019$136.93$5,200
2018$136.93$4,900
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
6
Baths
4
Sq Ft
2,376
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: $459,900Rent Basis: Observed Comp Model ($1,697/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $230/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
1.90%

NOI: $8,717/yr

Cash-on-Cash Yield
-18.8%

On $105,777 invested

DSCR Ratio
0.30x

Negative debt coverage

5-Yr Leveraged ROI
+0.0%

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)-$350/mo
Homeowner / Hazard Insurance-$230/mo
Vacancy Reserve (5% of rent)-$85/mo
Repairs & Maintenance (10% of rent)-$170/mo
Property Management (8% of rent)-$136/mo
Total Pure Operating Expenses-$971/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,697/mo
Less: Operating Expenses-$971/mo
Net Operating Income (NOI)+$726/mo
Less: Debt Service (30yr @ 6.75%)-$2,386/mo
Net Cash Flow
$-1,660/mo
$-19,919/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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