For SaleNeutral Deal9 days on market

12452 Limestone CT

12452 Limestone CT, FORT MYERS, FL 33905, Fort Myers, FL 33905
$1,925,000

Listing Price

Property image 1
12452 Limestone CT, FORT MYERS, FL 33905
Loc: Fort Myers, FL
Days Listed
9
Tax Assessed
$1074k
Lot Size
2.07 acres
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.

3

Manatee Elementary School

PK-5
2.4 mi away
3

Oak Hammock Middle School

6-8
2.3 mi away
4

Riverdale High School

9-12
2.5 mi away

Property Overview

No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.

Features & Amenities

ranch-stylecoastal-modernmetal-roofingpaver-drivewaydetached-garageattached-garagespacious-lawnlandscaped-groundsluxury-estatewaterfront-propertysuburbanpalm-treessunset-view

Haven AI Verdict

Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.25%
Total ROI
94.6%
Cash Flow
$30/mo
DSCR
1.00
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $30/mo net cash flow with a 6.3% cap rate. Underwriting indicates neutral fundamentals for long-term hold.

Strengths
  • Favorable cap rate profile (6.3%)
  • Strong rental demand in Fort Myers
Considerations
  • Verify historical operating expenses and local tax assessment
  • Confirm current lease terms and tenant estoppel certificates

10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-09-05Listed for sale$1,925,000$674
2023-10-27Sold$1,500,000$525
2023-08-19Pending sale$1,700,000$595
2023-08-02Listed for sale$1,700,000$595
2019-06-04Sold$110,000$39

Tax History

YearProperty TaxTax Assessment
2025$12,013.19$835,717
2024$11,627.34$812,164
2023$13,316.72$864,170
2022$13,469.29$785,609
2021$11,278.19$714,190
2020$2,818.47$165,000
2019$2,006.13$160,000
2018$2,006.13$80,000
2017$978.11$83,253
2016$985.51$79,500
2015$939.41$36,000
2014$597.63$36,000
2013$603.44$36,000
2012$602.14$36,000
2011$680.53$40,000
2010$693.85$40,000
2009$1,172.95$70,000
2008$1,109.95$70,000
2007$2,377$150,000
2006$2,524.19$150,000
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
4
Baths
3
Sq Ft
2,856
Address-Level Value-Add Underwriting

ARV, Rehab & Maximum Allowable Offer (MAO)

Model contractor scopes, estimated after-repair value (ARV) projections, and determine your purchase price ceiling to protect target margins.

Modeled value-add projection (+18% baseline) for 4b/3ba in Fort Myers
+18% vs. list
$
$128,520
75% Rule
Maximum Allowable Offer (MAO)
$1,575,105

Calculated as (75% × $2,271,500) − $128,520

Asking Price is $349,895 (18.2%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $1,575,105 based on $128,520 in required updates.
Current Asking Price:$1,925,000
Estimated ARV:$2,271,500
Estimated Renovation:$128,520
All-In Capital Basis (MAO + Rehab):$1,703,625
Projected Equity Margin:+$567,875
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 Provenance:[Observed] List Price: $1,925,000[Estimated] Rent: $15,400/mo[Estimated] Tax Rate: 0.98% (FL)[Estimated] Hazard Ins: $963/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreNeutral
4/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
6.25%

NOI: $120,217/yr

Cash-on-Cash Yield
0.1%

On $442,750 invested

DSCR Ratio
1.00x

Tight qualification

5-Yr Leveraged ROI
+94.6%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
[Estimated]Property Taxes (0.98% of basis)-$877/mo
[Estimated]Homeowner / Hazard Insurance-$963/mo
[Defaulted]Vacancy Reserve (5% of rent)-$770/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$1,540/mo
[Defaulted]Property Management (8% of rent)-$1,232/mo
Total Pure Operating Expenses-$5,382/mo
Net Investor Cash Flow
Gross Scheduled Rent+$15,400/mo
Less: Operating Expenses-$5,382/mo
Net Operating Income (NOI)+$10,018/mo
Less: Debt Service (30yr @ 6.75%)-$9,988/mo
Net Cash Flow
$30/mo
$356/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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