For SaleNeutral Deal11 days on market

3027 2nd ST

3027 2nd ST, FORT MYERS, FL 33916, Fort Myers, FL 33916
$285,000

Listing Price

Property image 1
3027 2nd ST, FORT MYERS, FL 33916
Loc: Fort Myers, FL
Days Listed
11
Tax Assessed
$25k
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

Franklin Park Elementary School

PK-5
0.9 mi away
2

Fort Myers Middle Academy

6-8
2.1 mi away
2

Dunbar High School

9-12
1.6 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 Residence2026CentralCeiling Fan(s)2 Attached Garage spaces6,403 sqft12 Days$124

Haven AI Verdict

Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.68%
Total ROI
104.0%
Cash Flow
$107/mo
DSCR
1.07
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $107/mo net cash flow with a 6.7% cap rate. Underwriting indicates neutral fundamentals for long-term hold.

Strengths
  • Favorable cap rate profile (6.7%)
  • 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
2026-09-11Price change$285,000$124
2026-09-09Price change$289,900$126
2026-09-03Listed for sale$300,000$131
2026-06-29Listing removed$320,000$140
2026-06-08Price change$320,000$140
2026-03-30Price change$345,000$150
2026-02-17Listed for sale$360,000$157
2019-01-09Sold$1,518$1
2007-05-21Sold$220,000$96

Tax History

YearProperty TaxTax Assessment
2025$265.9$12,100
2024$228.92$10,000
2023$168.85$10,000
2022$173.13$10,000
2020$0$5,325
2019$76.56$4,000
2018$76.56$4,000
2017$67.93$3,472
2016$67.93$5,000
2015$75.88$2,650
2014$56.9$2,650
2013$57.34$2,800
2012$60.44$2,800
2011$60.21$2,800
2010$61.14$2,800
2009$1,946.23$47,390
2008$2,829.28$95,210
2007$2,754.95$94,520
2006$2,853.89$94,110
2004$1,850.46$40,400
2003$1,027.5$38,590
2002$1,036.03$38,540
2000$0$39,330
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
5
Baths
4
Sq Ft
2,293
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 5b/4ba in Fort Myers
+18% vs. list
$
$103,185
75% Rule
Maximum Allowable Offer (MAO)
$149,040

Calculated as (75% × $336,300) − $103,185

Asking Price is $135,960 (47.7%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $149,040 based on $103,185 in required updates.
Current Asking Price:$285,000
Estimated ARV:$336,300
Estimated Renovation:$103,185
All-In Capital Basis (MAO + Rehab):$252,225
Projected Equity Margin:+$84,075
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: $285,000[Estimated] Rent: $2,280/mo[Estimated] Tax Rate: 0.98% (FL)[Estimated] Hazard Ins: $150/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreNeutral
4/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
6.68%

NOI: $19,027/yr

Cash-on-Cash Yield
2.0%

On $65,550 invested

DSCR Ratio
1.07x

Tight qualification

5-Yr Leveraged ROI
+104.0%

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)-$20/mo
[Estimated]Homeowner / Hazard Insurance-$150/mo
[Defaulted]Vacancy Reserve (5% of rent)-$114/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$228/mo
[Defaulted]Property Management (8% of rent)-$182/mo
Total Pure Operating Expenses-$694/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,280/mo
Less: Operating Expenses-$694/mo
Net Operating Income (NOI)+$1,586/mo
Less: Debt Service (30yr @ 6.75%)-$1,479/mo
Net Cash Flow
$107/mo
$1,281/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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