For SaleRisky Deal1 days on market

17983 San Juan CT #3

17983 San Juan CT #3, FORT MYERS, FL 33967, Fort Myers, FL 33967
$129,900

Listing Price

Property image 1
17983 San Juan CT #3, FORT MYERS, FL 33967
Loc: Fort Myers, FL
Days Listed
1
Tax Assessed
$196k
Lot Size
2,100 sqft
Type
condo

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

San Carlos Park Elementary School

PK-5
1.2 mi away
8

Three Oaks Middle School

6-8
2.4 mi away
2

South Fort Myers High School

9-12
4.3 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

Condominium1980Central, Wall UnitCentral Air, Wall Unit(s)0 spaces$4,920 annually2 Days$102

Haven AI Verdict

Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.53%
Total ROI
57.3%
Cash Flow
$-184/mo
DSCR
0.73
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-184/mo net cash flow with a 4.5% 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
2026-09-14Listed for sale$129,900$102
2026-07-12Listing removed$150,000$117
2026-03-14Listed for sale$150,000$117
2001-10-10Sold$56,900$45

Tax History

YearProperty TaxTax Assessment
2025$1,507.83$90,774
2024$1,657.16$82,522
2023$1,662.88$75,020
2022$1,270.72$68,200
2021$1,065.27$62,000
2020$987.47$56,364
2019$838.29$51,240
2018$838.29$18,200
2017$301.98$40,881
2016$353.04$60,021
2015$344.46$66,000
2014$343.88$60,000
2013$336.38$51,370
2012$318.46$46,700
2011$307.31$37,100
2010$705.55$38,600
2009$531.2$74,660
2008$481.38$119,000
2007$474.43$100,000
2006$492.01$97,000
2004$506.15$60,000
2003$504.46$50,000
2002$492.29$45,000
2000$0$40,000
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,278
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
$
$57,510
75% Rule
Maximum Allowable Offer (MAO)
$57,452

Calculated as (75% × $153,282) − $57,510

Asking Price is $72,448 (55.8%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $57,452 based on $57,510 in required updates.
Current Asking Price:$129,900
Estimated ARV:$153,282
Estimated Renovation:$57,510
All-In Capital Basis (MAO + Rehab):$114,962
Projected Equity Margin:+$38,320
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: $129,900[Estimated] Rent: $1,039/mo[Estimated] Tax Rate: 0.98% (FL)[Estimated] Hazard Ins: $150/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.53%

NOI: $5,880/yr

Cash-on-Cash Yield
-7.4%

On $29,877 invested

DSCR Ratio
0.73x

Negative debt coverage

5-Yr Leveraged ROI
+57.2%

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)-$160/mo
[Estimated]Homeowner / Hazard Insurance-$150/mo
[Defaulted]Vacancy Reserve (5% of rent)-$52/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$104/mo
[Defaulted]Property Management (8% of rent)-$83/mo
Total Pure Operating Expenses-$549/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,039/mo
Less: Operating Expenses-$549/mo
Net Operating Income (NOI)+$490/mo
Less: Debt Service (30yr @ 6.75%)-$674/mo
Net Cash Flow
$-184/mo
$-2,208/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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