For SaleNeutral Deal61 days on market

1628 N Flossmoor Rd

1628 N Flossmoor Rd, Fort Myers, FL 33919, Fort Myers, FL 33919
$369,900
Zestimate®:$359,100

Listing Price

Property image 1
1628 N Flossmoor Rd, Fort Myers, FL 33919
Loc: Fort Myers, FL
Days Listed
61
Tax Assessed
$252k
Zestimate®
$359k
Market Rate
Lot Size
9,278 sqft
Rent Estimate
$3,089/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

Villas Elementary School

PK-5
2.5 mi away
7

Cypress Lake Middle School

6-8
0.8 mi away
5

Cypress Lake High School

9-12
0.7 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 Residence1972Central, ElectricCeiling Fan(s)2 Attached Garage spaces9,278 sqft62 Days$295

Haven AI Verdict

Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.45%
Total ROI
99.0%
Cash Flow
$68/mo
DSCR
1.04
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $68/mo net cash flow with a 6.5% cap rate. Underwriting indicates neutral fundamentals for long-term hold.

Strengths
  • Favorable cap rate profile (6.5%)
  • 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
2026-08-25Price change$369,900$295
2026-08-21Listed for sale$374,900$299
2026-08-11Pending sale$374,900$299
2026-08-04Price change$374,900$299
2026-07-15Listed for sale$379,900$303
2026-05-19Sold$208,000$166
2005-03-28Sold$218,000$174
1993-09-22Sold$90,000$72

Tax History

YearProperty TaxTax Assessment
2025$2,439.48$176,683
2024$2,379.51$165,344
2023$2,301.31$153,352
2022$2,116.18$142,362
2021$1,853.02$132,285
2020$1,801.53$127,571
2019$1,725.09$163,122
2018$1,725.09$125,768
2017$1,695.29$115,201
2016$1,590.86$147,204
2015$1,548.72$113,093
2014$1,399.1$102,897
2013$1,309.89$87,599
2012$1,115.45$77,989
2011$1,246.75$84,036
2010$1,298.62$84,988
2009$1,389.75$92,730
2008$1,894.48$138,560
2007$3,324.32$199,890
2006$3,437.31$197,080
2004$1,354.77$109,040
2003$1,391.2$106,910
2002$1,306.01$90,650
2000$0$77,650
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,254
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
$
$56,430
75% Rule
Maximum Allowable Offer (MAO)
$270,932

Calculated as (75% × $436,482) − $56,430

Asking Price is $98,968 (26.8%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $270,932 based on $56,430 in required updates.
Current Asking Price:$369,900
Estimated ARV:$436,482
Estimated Renovation:$56,430
All-In Capital Basis (MAO + Rehab):$327,362
Projected Equity Margin:+$109,120
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: $369,900[Observed] Rent: $3,089/mo[Estimated] Tax Rate: 0.98% (FL)[Estimated] Hazard Ins: $185/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreNeutral
4/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
6.45%

NOI: $23,852/yr

Cash-on-Cash Yield
1.0%

On $85,077 invested

DSCR Ratio
1.04x

Tight qualification

5-Yr Leveraged ROI
+99.0%

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)-$206/mo
[Estimated]Homeowner / Hazard Insurance-$185/mo
[Defaulted]Vacancy Reserve (5% of rent)-$154/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$309/mo
[Defaulted]Property Management (8% of rent)-$247/mo
Total Pure Operating Expenses-$1,101/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,089/mo
Less: Operating Expenses-$1,101/mo
Net Operating Income (NOI)+$1,988/mo
Less: Debt Service (30yr @ 6.75%)-$1,919/mo
Net Cash Flow
$68/mo
$820/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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