11198 Lakeland Cir
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.
Nearby Schools
Educational options and performance ratings in the area.
Gateway Elementary School
Paul Laurence Dunbar Middle School
Gateway 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 $405,000, 11198 Lakeland Cir presents a challenging risk profile for conservative investors. Despite a decent gross rental yield of 5.81% and a solid 4% projected annual appreciation, the property yields a negative monthly cash flow of -$85.84. In the volatile Florida market, escalating property taxes and property insurance premiums (especially windstorm and flood coverage in Fort Myers) will likely exacerbate this deficit over time. Relying solely on future appreciation to offset immediate out-of-pocket losses is a speculative strategy. Consequently, this asset is deemed a risky acquisition under current financing terms without a significantly larger down payment.
- • Desirable 3-bed, 2-bath configuration in a highly marketable size bracket (1,572 sqft)
- • Moderate gross rental yield of 5.81% indicating decent baseline tenant demand
- • Healthy 4% expected annual appreciation rate in the growing Fort Myers region
- • Negative cash flow of -$85.84/mo requiring monthly out-of-pocket investor subsidies
- • High exposure to escalating Florida property insurance premiums and climate-related risks
- • Inability to meet conservative debt service coverage ratio (DSCR) benchmarks at current pricing and interest rates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-30 | Price change | $405,000 | $258 |
| 2026-04-12 | Listed for sale | $415,000 | $264 |
| 2020-06-19 | Sold | $272,000 | $173 |
| 2020-05-16 | Pending sale | $279,900 | $178 |
| 2020-05-07 | Price change | $279,900 | $178 |
| 2020-04-15 | Listed for sale | $287,000 | $183 |
| 2018-12-17 | Sold | $258,000 | $164 |
| 2018-11-10 | Pending sale | $268,500 | $171 |
| 2018-09-28 | Listed for sale | $268,500 | $171 |
| 2007-02-08 | Sold | $295,000 | $188 |
| 2004-05-14 | Sold | $200,000 | $127 |
| 2003-08-04 | Sold | $163,000 | $104 |
| 2000-06-29 | Sold | $137,900 | $88 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,635.9 | $262,992 |
| 2024 | $4,405.11 | $255,580 |
| 2023 | $4,088.9 | $248,136 |
| 2022 | $4,004.81 | $240,909 |
| 2021 | $3,889.81 | $233,892 |
| 2020 | $3,991.63 | $210,765 |
| 2019 | $3,956.34 | $206,725 |
| 2018 | $3,956.34 | $162,985 |
| 2017 | $3,082.68 | $159,633 |
| 2016 | $3,082.68 | $210,742 |
| 2015 | $2,978.24 | $180,488 |
| 2014 | $2,937.57 | $184,004 |
| 2013 | $2,805.09 | $163,499 |
| 2012 | $2,689.42 | $149,892 |
| 2011 | $2,665.53 | $144,871 |
| 2010 | $2,816.37 | $151,032 |
| 2009 | $2,729.78 | $192,370 |
| 2008 | $2,659.11 | $224,420 |
| 2007 | $3,550.39 | $288,030 |
| 2006 | $3,594.2 | $273,800 |
| 2004 | $2,989.31 | $147,280 |
| 2003 | $2,926.89 | $135,920 |
| 2002 | $2,871.22 | $132,910 |
| 2000 | $0 | $28,000 |
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: $18,893/yr
On $93,150 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
Similar Properties Nearby
Explore other investment opportunities in Fort Myers.