13344 3rd St
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Nearby Schools
Educational options and performance ratings in the area.
River Hall Elementary School
The Alva School
Riverdale 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 $275,000, this property offers a competitive entry point into the Fort Myers market, but the financials are precariously thin. The projected monthly cash flow of $22.06 provides virtually no margin for error, meaning a single minor repair or a brief vacancy would result in a net annual loss. While the 6.16% gross yield is fair, Florida’s volatile insurance market and rising property taxes pose a significant threat to such a narrow profit margin. From a conservative standpoint, this asset behaves more like a speculative appreciation play than a stable income-producing investment, making it unsuitable for investors prioritized on capital preservation and reliable liquidity.
- • Attainable price point for a 3-bedroom, 2-bathroom single-family residence
- • Solid 4% projected appreciation aligns with historical Florida growth trends
- • 1,480 sqft floor plan is highly marketable for long-term family tenants
- • Critically low monthly cash flow of $22.06 creates high insolvency risk
- • Vulnerability to rising Florida homeowners insurance premiums
- • Lack of 'margin of safety' for capital expenditures or emergency maintenance
- • Potential for negative carry if vacancy rates exceed 1% annually
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-03-30 | Pending sale | $275,000 | $186 |
| 2026-03-20 | Listed for sale | $275,000 | $186 |
| 2025-10-06 | Sold | $147,000 | $99 |
| 2022-11-17 | Listing removed | $0 | – |
| 2022-09-10 | Price change | $295,000 | $199 |
| 2022-08-31 | Pending sale | $300,000 | $203 |
| 2022-08-25 | Price change | $300,000 | $203 |
| 2022-08-21 | Listing removed | $0 | – |
| 2022-08-19 | Listed for rent | $2,340 | $2 |
| 2022-07-23 | Listed for sale | $320,000 | $216 |
| 2022-04-25 | Listing removed | $0 | – |
| 2022-04-22 | Listed for sale | $320,000 | $216 |
| 2000-04-12 | Sold | $57,500 | $39 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,058.82 | $170,320 |
| 2024 | $1,960.37 | $165,520 |
| 2023 | $1,901.14 | $160,699 |
| 2022 | $2,003.5 | $157,077 |
| 2021 | $1,581.02 | $0 |
| 2020 | $1,602.62 | $78,454 |
| 2019 | $1,522.8 | $114,662 |
| 2018 | $1,522.8 | $102,558 |
| 2017 | $1,419.86 | $95,284 |
| 2016 | $1,347.29 | $78,344 |
| 2015 | $1,194.38 | $62,800 |
| 2014 | $1,061.56 | $52,006 |
| 2013 | $931.06 | $40,599 |
| 2012 | $745.83 | $35,605 |
| 2011 | $766.05 | $35,324 |
| 2010 | $773.11 | $34,262 |
| 2009 | $465.02 | $37,280 |
| 2008 | $832.35 | $118,500 |
| 2007 | $934.74 | $149,100 |
| 2006 | $939.85 | $131,590 |
| 2004 | $920.17 | $73,270 |
| 2003 | $957.91 | $61,210 |
| 2002 | $958.42 | $61,230 |
| 2000 | $0 | $51,090 |
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: $13,847/yr
On $63,250 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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