OFF_MARKETExcellent Deal7 days on market

506 SE 24th St

506 SE 24th St, Cape Coral, FL 33990, Cape Coral, FL 33990
$645,000
Zestimate®:$651,100$6,100 Under Market

Listing Price

Property image 1
506 SE 24th St, Cape Coral, FL 33990
Loc: Cape Coral, FL
Days Listed
7
Tax Assessed
$542k
Zestimate®
$651k
1% Under Valued
Lot Size
0.30 acres
Rent Estimate
$4,374/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

Caloosa Elementary School

PK-5
2.7 mi away
8

Challenger Middle School

6-8
1.8 mi away
5

Cape Coral High School

9-12
0.9 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
7.45%
Total ROI
26.9%
Cash Flow
$741/mo
DSCR
1.23
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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
2026-05-15Sold$652,000$259
2026-04-16Pending sale$645,000$256
2026-04-06Listed for sale$645,000$256
2006-06-12Sold$160,000$64
2004-03-15Sold$85,000$34
2003-08-19Sold$67,000$27
2002-11-06Sold$51,000$20
2002-08-21Sold$32,000$13

Tax History

YearProperty TaxTax Assessment
2025$5,309.52$304,828
2024$5,035.35$296,237
2023$4,866.67$287,609
2022$4,540.85$277,673
2021$4,671.33$0
2020$4,746.89$265,863
2019$4,612.75$366,625
2018$4,612.75$255,040
2017$4,609.23$249,794
2016$4,594.41$333,839
2015$4,503.33$323,296
2014$4,551.38$305,789
2013$4,559.93$268,411
2012$4,293.82$258,598
2011$4,224.36$226,695
2010$4,404.32$231,044
2009$4,550.44$253,490
2008$3,620.79$339,400
2007$1,831.65$100,440
2006$2,640.2$142,070
2004$1,331.29$60,500
2003$793.64$33,690
2002$479.11$19,140
2000$0$8,570
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
3
Sq Ft
2,516
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: $645,000Rent Basis: Observed Comp Model ($4,374/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $323/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.84%

NOI: $31,233/yr

Cash-on-Cash Yield
-6.0%

On $148,350 invested

DSCR Ratio
0.78x

Negative debt coverage

5-Yr Leveraged ROI
+64.1%

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)-$442/mo
Homeowner / Hazard Insurance-$323/mo
Vacancy Reserve (5% of rent)-$219/mo
Repairs & Maintenance (10% of rent)-$437/mo
Property Management (8% of rent)-$350/mo
Total Pure Operating Expenses-$1,771/mo
Net Investor Cash Flow
Gross Scheduled Rent+$4,374/mo
Less: Operating Expenses-$1,771/mo
Net Operating Income (NOI)+$2,603/mo
Less: Debt Service (30yr @ 6.75%)-$3,347/mo
Net Cash Flow
$-744/mo
$-8,928/year
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