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6
11 Comps Back $35K Lot Value
Updated 12 days ago
Your Investment Paths
Turnkey Rental
The property at 3219 37th St SW shows promising rental potential. Similar local properties command rents between $795 and $1,425 monthly. At a purchase price of $29,900, this asset offers a highly attractive potential rental yield. While exact market figures fluctuate, the low entry cost creates a strong foundation for positive cash flow. Investors should focus on the upper end of rental estimates to maximize monthly returns and long-term equity growth.
More about this home
Neighborhood Assessment
Lehigh Acres in Lee County, FL, is booming with new home construction nearby, like the 2022-built 4-bed at 3216 38th St SW valued at $320K. This 0.25-acre lot at 3219 37th St SW sits in a fast-growing pocket—near schools (ratings 2-3/10) and major roads. Walkability's limited in this suburban sprawl, but development momentum screams upside. Nearby lots sold for $26K-$28K recently; comp homes fetch $220K-$320K.
Market Activity
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Fix-and-Flip
Modern updates revitalize older spaces, creating a fresh appeal that resonates with contemporary buyers. These enhancements improve daily living quality and help a property shine, making it a more inviting home for future residents to enjoy. Investing in these upgrades often boosts property desirability. While specific market performance varies, refreshing finishes typically creates a lasting impression. Focus on quality touches that enhance comfort, ensuring the property remains a vibrant, standout choice in any market.
Comps
0
Buy-Rehab-Rent
This property lacks sufficient market data to establish a post-renovation value, making a traditional BRR strategy assessment impossible. Without comparable sales, calculating equity gains or investment yield remains speculative and high-risk for any investor. Monthly rental income is estimated at $2,201.50, providing a solid $26,418 in annual revenue. However, the lack of renovation cost data and property details prevents a reliable determination of the overall investment yield and feasibility.
Rental Income
$26K
Yield
—
Year 1 Estimates, Post Typical Renovation
Asking price
$30K
+70% · 3 yrs
3219 37th St SW, Lehigh Acres Investment Report: Flip & Rental Analysis · Frontflip