For SaleRisky Deal10 days on market

215 Granada Blvd

215 Granada Blvd, Fort Myers, FL 33905, Fort Myers, FL 33905
$315,000
Zestimate®:$299,000

Listing Price

Property image 1
215 Granada Blvd, Fort Myers, FL 33905
Loc: Fort Myers, FL
Days Listed
10
Tax Assessed
$139k
Zestimate®
$299k
Market Rate
Lot Size
0.49 acres
Rent Estimate
$1,751/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.

4

Orange River Elementary School

PK-5
0.6 mi away
3

Oak Hammock Middle School

6-8
1.6 mi away
4

Riverdale High School

9-12
5.7 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 Residence1936Central, ElectricCentral Air, Electric1 Carport space0.49 Acres11 Days$281

Haven AI Verdict

Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.10%
Total ROI
48.0%
Cash Flow
$-557/mo
DSCR
0.66
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-557/mo net cash flow with a 4.1% cap rate. Underwriting indicates risky fundamentals for long-term hold.

Strengths
  • Prime residential location in Fort Myers, FL
  • Long-term capital appreciation corridor
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
2026-09-04Listed for sale$315,000$281
2025-10-17Sold$283,500$253
2025-08-13Pending sale$299,900$267
2025-05-20Price change$299,900$267
2025-04-30Listed for sale$309,900$276
2015-05-04Sold$68,000$61
2015-01-10Pending sale$68,000$61
2015-01-09Price change$68,000$61
2014-12-09Listed for sale$59,900$53
2005-05-19Sold$189,000$168

Tax History

YearProperty TaxTax Assessment
2025$768.09$53,624
2024$720.46$52,113
2023$698.92$50,595
2022$599.71$37,893
2021$535.07$36,789
2020$517.38$36,281
2019$499.71$64,599
2018$499.71$60,561
2017$1,112.4$51,681
2016$1,112.4$51,593
2015$1,111.46$38,601
2014$864.38$42,119
2013$843.36$31,201
2012$692.46$29,796
2011$662.93$25,988
2010$705.52$27,530
2009$838.48$35,720
2008$1,876.98$102,770
2007$2,752.21$156,730
2006$2,987.25$160,570
2004$1,099.25$46,360
2003$1,168.89$46,380
2002$1,126.72$44,630
2000$0$40,990
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
1,122
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
$
$50,490
75% Rule
Maximum Allowable Offer (MAO)
$228,285

Calculated as (75% × $371,700) − $50,490

Asking Price is $86,715 (27.5%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $228,285 based on $50,490 in required updates.
Current Asking Price:$315,000
Estimated ARV:$371,700
Estimated Renovation:$50,490
All-In Capital Basis (MAO + Rehab):$278,775
Projected Equity Margin:+$92,925
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: $315,000[Observed] Rent: $1,751/mo[Estimated] Tax Rate: 0.98% (FL)[Estimated] Hazard Ins: $158/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.10%

NOI: $12,924/yr

Cash-on-Cash Yield
-9.2%

On $72,450 invested

DSCR Ratio
0.66x

Negative debt coverage

5-Yr Leveraged ROI
+48.0%

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)-$113/mo
[Estimated]Homeowner / Hazard Insurance-$158/mo
[Defaulted]Vacancy Reserve (5% of rent)-$88/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$175/mo
[Defaulted]Property Management (8% of rent)-$140/mo
Total Pure Operating Expenses-$674/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,751/mo
Less: Operating Expenses-$674/mo
Net Operating Income (NOI)+$1,077/mo
Less: Debt Service (30yr @ 6.75%)-$1,634/mo
Net Cash Flow
$-557/mo
$-6,690/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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