Off MarketExcellent Deal9 days on market

17821 Port Boca Cir

17821 Port Boca Cir, Fort Myers, FL 33908, Fort Myers, FL 33908
$119,900
Zestimate®:$144,000$24,100 Under Market

Listing Price

Property image 1
17821 Port Boca Cir, Fort Myers, FL 33908
Loc: Fort Myers, FL
Days Listed
9
Tax Assessed
$9k
Zestimate®
$144k
17% Under Valued
Lot Size
5,227 sqft
Rent Estimate
$2,212/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
1.1 mi away
4

Lexington Middle School

6-8
3.2 mi away
2

South Fort Myers High School

9-12
3.8 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

SingleFamily1986Forced airCentralGarage - Attached$708 monthly5,227 sqft10 Days$98

Haven AI Verdict

Recommendation
Excellent
Confidence Score: 10/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
15.47%
Total ROI
295.2%
Cash Flow
$924/mo
DSCR
2.49
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $924/mo net cash flow with a 15.5% cap rate. Underwriting indicates excellent fundamentals for long-term hold.

Strengths
  • Favorable cap rate profile (15.5%)
  • 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
2000-02-14Sold$86,000$70

Tax History

YearProperty TaxTax Assessment
2025$348.75$8,670
2024$312.03$8,670
2023$294.52$9,020
2022$991.52$80,602
2021$927.62$78,740
2020$923.41$77,653
2019$891.51$121,933
2018$891.51$74,492
2017$894.19$72,960
2016$888.86$120,502
2015$878.43$97,500
2014$885.55$84,600
2013$868.38$76,800
2012$849.78$68,200
2011$918.34$72,000
2010$944.69$71,200
2009$983.38$77,310
2008$1,021.33$123,000
2007$1,139.23$174,000
2006$1,180.5$151,300
2004$1,181.37$99,000
2003$1,213.24$88,000
2002$1,179.81$80,000
2000$0$75,000
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
1,222
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/2ba in Fort Myers
+18% vs. list
$
$54,990
75% Rule
Maximum Allowable Offer (MAO)
$51,122

Calculated as (75% × $141,482) − $54,990

Asking Price is $68,778 (57.4%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $51,122 based on $54,990 in required updates.
Current Asking Price:$119,900
Estimated ARV:$141,482
Estimated Renovation:$54,990
All-In Capital Basis (MAO + Rehab):$106,112
Projected Equity Margin:+$35,370
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: $119,900[Observed] Rent: $2,212/mo[Estimated] Tax Rate: 0.98% (FL)[Estimated] Hazard Ins: $150/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreExcellent
10/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
15.47%

NOI: $18,554/yr

Cash-on-Cash Yield
40.2%

On $27,577 invested

DSCR Ratio
2.49x

Prime loan qualification

5-Yr Leveraged ROI
+295.2%

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)-$7/mo
[Estimated]Homeowner / Hazard Insurance-$150/mo
[Defaulted]Vacancy Reserve (5% of rent)-$111/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$221/mo
[Defaulted]Property Management (8% of rent)-$177/mo
Total Pure Operating Expenses-$666/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,212/mo
Less: Operating Expenses-$666/mo
Net Operating Income (NOI)+$1,546/mo
Less: Debt Service (30yr @ 6.75%)-$622/mo
Net Cash Flow
$924/mo
$11,088/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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17821 Port Boca Cir | Fort Myers, FL | Haven AI Analysis | Haven by ScoutHavens