For SaleRisky Deal33 days on market

2755 Providence ST

2755 Providence ST, FORT MYERS, FL 33916, Fort Myers, FL 33916
$399,000
Zestimate®:$379,300

Listing Price

Property image 1
2755 Providence ST, FORT MYERS, FL 33916
Loc: Fort Myers, FL
Days Listed
33
Tax Assessed
$167k
Zestimate®
$379k
Market Rate
Lot Size
10,759 sqft
Rent Estimate
$2,271/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.

5

Franklin Park Elementary School

PK-5
1.1 mi away
2

Fort Myers Middle Academy

6-8
2.1 mi away
2

Dunbar High School

9-12
2 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 Residence1926CentralCentral AirOpen Parking10,759 sqft33 Days$225

Haven AI Verdict

Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.25%
Total ROI
51.2%
Cash Flow
$-658/mo
DSCR
0.68
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-658/mo net cash flow with a 4.3% 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
2026-09-01Listed for sale$399,000$225
2026-08-20Pending sale$399,000$225
2026-08-12Listed for sale$399,000$225
2023-01-04Sold$300,000$169
2012-10-21Listing removed$54,500$31
2012-10-06Listed for sale$54,500$31
2012-09-14Sold$74,500$42
2012-08-03Sold$54,000$30
2012-05-31Listed for sale$54,500$31
2005-02-04Sold$250,000$141

Tax History

YearProperty TaxTax Assessment
2025$659.75$167,301
2024$675.29$0
2023$2,857.79$131,252
2022$3,453.59$146,605
2021$3,205.59$133,277
2020$2,944.51$121,161
2019$2,716.44$122,743
2018$2,716.44$100,133
2017$2,491.32$116,281
2016$2,503.44$121,385
2015$2,438.65$75,501
2014$1,989.1$70,986
2013$1,852.15$75,377
2012$1,629.35$86,699
2011$1,267.81$47,739
2010$1,923.48$76,791
2009$2,567.26$114,520
2008$3,935.27$190,830
2007$4,273.64$216,330
2006$4,392.37$210,900
2004$836.85$102,610
2003$855.4$84,370
2002$618.83$71,390
2000$0$49,740
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,776
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
$
$79,920
75% Rule
Maximum Allowable Offer (MAO)
$273,195

Calculated as (75% × $470,820) − $79,920

Asking Price is $125,805 (31.5%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $273,195 based on $79,920 in required updates.
Current Asking Price:$399,000
Estimated ARV:$470,820
Estimated Renovation:$79,920
All-In Capital Basis (MAO + Rehab):$353,115
Projected Equity Margin:+$117,705
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: $399,000[Observed] Rent: $2,271/mo[Estimated] Tax Rate: 0.98% (FL)[Estimated] Hazard Ins: $200/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.25%

NOI: $16,944/yr

Cash-on-Cash Yield
-8.6%

On $91,770 invested

DSCR Ratio
0.68x

Negative debt coverage

5-Yr Leveraged ROI
+51.2%

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)-$137/mo
[Estimated]Homeowner / Hazard Insurance-$200/mo
[Defaulted]Vacancy Reserve (5% of rent)-$114/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$227/mo
[Defaulted]Property Management (8% of rent)-$182/mo
Total Pure Operating Expenses-$859/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,271/mo
Less: Operating Expenses-$859/mo
Net Operating Income (NOI)+$1,412/mo
Less: Debt Service (30yr @ 6.75%)-$2,070/mo
Net Cash Flow
$-658/mo
$-7,899/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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