For SaleRisky Deal32 days on market

9740 Gladiolus Bulb Loop

9740 Gladiolus Bulb Loop, Fort Myers, FL 33908, Fort Myers, FL 33908
$425,000

Listing Price

Property image 1
9740 Gladiolus Bulb Loop, Fort Myers, FL 33908
Loc: Fort Myers, FL
Days Listed
32
Tax Assessed
$313k
Lot Size
6,403 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.

5

Heights Elementary School

PK-5
0.6 mi away
4

Lexington Middle School

6-8
1.3 mi away
5

Cypress Lake High School

9-12
1.9 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 Residence2003Central, ElectricCentral Air, Ceiling Fan(s), Electric2 Attached Garage spaces$125 monthly6,403 sqft34 Days$219

Haven AI Verdict

Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.07%
Total ROI
90.7%
Cash Flow
$-56/mo
DSCR
0.97
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-56/mo net cash flow with a 6.1% cap rate. Underwriting indicates risky fundamentals for long-term hold.

Strengths
  • Favorable cap rate profile (6.1%)
  • 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
2026-08-13Listed for sale$425,000$219
2026-06-01Listing removed$430,000$221
2026-03-20Price change$430,000$221
2026-01-22Price change$440,000$226
2025-10-11Price change$445,000$229
2025-08-16Listed for sale$450,000$232
2022-04-26Sold$358,000$184
2004-01-22Sold$233,400$120

Tax History

YearProperty TaxTax Assessment
2025$3,942.6$313,468
2024$4,045.07$323,662
2023$3,954.32$314,235
2022$1,796.9$141,263
2021$1,737.33$137,149
2020$1,723.95$135,255
2019$1,688.02$201,863
2018$1,688.02$129,749
2017$1,689.22$127,080
2016$1,674.31$185,685
2015$1,656.67$166,908
2014$1,673.41$159,303
2013$1,654.67$151,818
2012$1,596.77$143,411
2011$1,580.4$115,329
2010$1,837.1$128,156
2009$2,167.81$152,310
2008$2,839.52$209,580
2007$2,933.24$230,880
2006$2,992.33$204,530
2004$3,161.71$183,350
2003$236.85$12,350
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
4
Baths
2
Sq Ft
1,943
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/2ba in Fort Myers
+18% vs. list
$
$87,435
75% Rule
Maximum Allowable Offer (MAO)
$288,690

Calculated as (75% × $501,500) − $87,435

Asking Price is $136,310 (32.1%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $288,690 based on $87,435 in required updates.
Current Asking Price:$425,000
Estimated ARV:$501,500
Estimated Renovation:$87,435
All-In Capital Basis (MAO + Rehab):$376,125
Projected Equity Margin:+$125,375
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: $425,000[Estimated] Rent: $3,400/mo[Estimated] Tax Rate: 0.98% (FL)[Estimated] Hazard Ins: $213/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreRisky
2/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
6.07%

NOI: $25,788/yr

Cash-on-Cash Yield
-0.7%

On $97,750 invested

DSCR Ratio
0.97x

Negative debt coverage

5-Yr Leveraged ROI
+90.7%

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)-$256/mo
[Estimated]Homeowner / Hazard Insurance-$213/mo
[Defaulted]Vacancy Reserve (5% of rent)-$170/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$340/mo
[Defaulted]Property Management (8% of rent)-$272/mo
Total Pure Operating Expenses-$1,251/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,400/mo
Less: Operating Expenses-$1,251/mo
Net Operating Income (NOI)+$2,149/mo
Less: Debt Service (30yr @ 6.75%)-$2,205/mo
Net Cash Flow
$-56/mo
$-675/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

Similar Properties Nearby

Explore other investment opportunities in Fort Myers.