For SaleRisky Deal0 days on market

6408 Emerald Pines Cir

6408 Emerald Pines Cir, Fort Myers, FL 33966, Fort Myers, FL 33966
$479,900

Listing Price

Property image 1
6408 Emerald Pines Cir, Fort Myers, FL 33966
Loc: Fort Myers, FL
Days Listed
0
Tax Assessed
$408k
Lot Size
10,454 sqft
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.

4

Colonial Elementary School

PK-5
3.5 mi away
5

Paul Laurence Dunbar Middle School

6-8
3.6 mi away
2

South Fort Myers High School

9-12
1.3 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 Residence1997Central, Electric, OtherCentral Air, Ceiling Fan(s), Electric2 Attached Garage spaces$100 monthly10,454 sqft1 Day$191

Haven AI Verdict

Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.96%
Total ROI
88.4%
Cash Flow
$-107/mo
DSCR
0.96
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-107/mo net cash flow with a 6.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.

Strengths
  • Favorable cap rate profile (6.0%)
  • 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
2026-09-14Listed for sale$479,900$191
1997-06-02Sold$41,400$17

Tax History

YearProperty TaxTax Assessment
2025$2,323.44$186,434
2024$2,217.55$181,180
2023$2,156.1$175,903
2022$2,236.39$170,780
2021$2,178.94$165,806
2020$2,187.59$163,517
2019$2,137.53$203,496
2018$2,137.53$156,861
2017$2,130.4$153,635
2016$2,124.59$199,248
2015$2,123.95$196,900
2014$2,123.95$182,500
2013$2,030.69$163,992
2012$1,960.81$143,611
2011$2,075.35$147,764
2010$2,425.35$166,050
2009$2,489.08$234,320
2008$2,379.88$278,240
2007$2,471.1$304,360
2006$2,479.72$315,520
2004$2,632.17$192,560
2003$2,695.56$190,920
2002$2,650.46$170,650
2000$0$134,080
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
2,508
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 3b/2ba in Fort Myers
+18% vs. list
$
$112,860
75% Rule
Maximum Allowable Offer (MAO)
$311,852

Calculated as (75% × $566,282) − $112,860

Asking Price is $168,048 (35.0%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $311,852 based on $112,860 in required updates.
Current Asking Price:$479,900
Estimated ARV:$566,282
Estimated Renovation:$112,860
All-In Capital Basis (MAO + Rehab):$424,712
Projected Equity Margin:+$141,570
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: $479,900[Estimated] Rent: $3,839/mo[Estimated] Tax Rate: 0.98% (FL)[Estimated] Hazard Ins: $240/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreRisky
2/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
5.96%

NOI: $28,598/yr

Cash-on-Cash Yield
-1.2%

On $110,377 invested

DSCR Ratio
0.96x

Negative debt coverage

5-Yr Leveraged ROI
+88.4%

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)-$333/mo
[Estimated]Homeowner / Hazard Insurance-$240/mo
[Defaulted]Vacancy Reserve (5% of rent)-$192/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$384/mo
[Defaulted]Property Management (8% of rent)-$307/mo
Total Pure Operating Expenses-$1,456/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,839/mo
Less: Operating Expenses-$1,456/mo
Net Operating Income (NOI)+$2,383/mo
Less: Debt Service (30yr @ 6.75%)-$2,490/mo
Net Cash Flow
$-107/mo
$-1,283/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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6408 Emerald Pines Cir | Fort Myers, FL | Haven AI Analysis | Haven by ScoutHavens