Off MarketGood Deal3 days on market

6106 Island Park Ct

6106 Island Park Ct, Fort Myers, FL 33908, Fort Myers, FL 33908
$175,000

Listing Price

Property image 1
6106 Island Park Ct, Fort Myers, FL 33908
Loc: Fort Myers, FL
Days Listed
3
Tax Assessed
$76k
Lot Size
0.35 acres
Rent Estimate
$1,695/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

Rayma C. Page Elementary School

PK-6
0.9 mi away
4

Lexington Middle School

6-8
3.9 mi away
2

South Fort Myers High School

9-12
4.1 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

Single Family Residence1966Central, ElectricCentral Air, Electric1 Attached Garage space0.35 Acres4 Days$199

Haven AI Verdict

Recommendation
Good
Confidence Score: 7/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
7.50%
Total ROI
121.8%
Cash Flow
$185/mo
DSCR
1.20
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $185/mo net cash flow with a 7.5% cap rate. Underwriting indicates good fundamentals for long-term hold.

Strengths
  • Favorable cap rate profile (7.5%)
  • 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
2026-08-06Sold$142,000$162
2026-07-21Price change$199,900$227
2026-05-16Price change$229,900$262
2026-05-07Price change$249,900$284
2026-01-05Listed for sale$260,000$296
2024-09-30Listing removed$230,000$262
2024-07-19Price change$250,000$284
2024-04-15Listed for sale$289,000$329
2023-03-28Sold$185,000$210
2023-02-15Pending sale$200,000$228
2023-02-07Listed for sale$200,000$228
1998-08-13Sold$30,000$34

Tax History

YearProperty TaxTax Assessment
2025$1,344.46$75,592
2024$3,123.14$211,755
2023$322.62$28,305
2022$368.64$27,481
2021$308.87$26,681
2020$300.01$26,313
2019$282.77$105,783
2018$282.77$25,241
2017$279.8$24,722
2016$269.76$91,667
2015$258.24$78,499
2014$634.41$96,597
2013$613.99$63,098
2012$592.12$59,898
2011$588.11$65,688
2010$598.16$44,210
2009$903.26$73,580
2008$845.72$121,930
2007$947.65$163,930
2006$981.55$172,310
2004$979.71$100,270
2003$1,005.72$79,700
2002$973.76$68,560
2000$0$62,740
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
1
Sq Ft
879
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 2b/1ba in Fort Myers
+18% vs. list
$
$39,555
75% Rule
Maximum Allowable Offer (MAO)
$115,320

Calculated as (75% × $206,500) − $39,555

Asking Price is $59,680 (34.1%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $115,320 based on $39,555 in required updates.
Current Asking Price:$175,000
Estimated ARV:$206,500
Estimated Renovation:$39,555
All-In Capital Basis (MAO + Rehab):$154,875
Projected Equity Margin:+$51,625
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: $175,000[Observed] Rent: $1,695/mo[Estimated] Tax Rate: 0.98% (FL)[Estimated] Hazard Ins: $150/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreGood
7/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
7.50%

NOI: $13,121/yr

Cash-on-Cash Yield
5.5%

On $40,250 invested

DSCR Ratio
1.20x

Tight qualification

5-Yr Leveraged ROI
+121.8%

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)-$62/mo
[Estimated]Homeowner / Hazard Insurance-$150/mo
[Defaulted]Vacancy Reserve (5% of rent)-$85/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$170/mo
[Defaulted]Property Management (8% of rent)-$136/mo
Total Pure Operating Expenses-$602/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,695/mo
Less: Operating Expenses-$602/mo
Net Operating Income (NOI)+$1,093/mo
Less: Debt Service (30yr @ 6.75%)-$908/mo
Net Cash Flow
$185/mo
$2,225/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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6106 Island Park Ct | Fort Myers, FL | Haven AI Analysis | Haven by ScoutHavens