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26
Values up 2.4%, 35 Comps Back $269K
Updated 10 days ago • 7 new comps
Your Investment Paths
Turnkey Rental
This property offers a promising rental opportunity in Fort Myers. Investors can expect monthly income between $1,778 and $2,298, reflecting the solid demand for single-family homes in this area compared to neighboring condo units. With an estimated annual yield of 6.81%, this asset serves as a reliable income generator. The competitive rental range aligns well with local market trends, providing a stable path for steady returns on your investment.
More about this home
Neighborhood Assessment
Morse Shores offers direct waterfront access with strong boating amenities and canal-to-river connectivity. The neighborhood shows stable demand with comparable homes ranging $310K-$441K. However, the area faces significant climate risks including extreme wind (10/10), severe flood probability (7/10), and increasing heat exposure. Property values have been volatile, declining from peaks of $519K (2021) to current $332K estimates.
Market Activity
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Rental Income
$24K
Yield
6.8%
Year 1 Estimates
Fix-and-Flip
Modernizing your home offers a clear path to increased appeal and rental income. Upgrades raise the price per square foot to $203.67, a 2.5% boost over the neighborhood baseline of $198.68, while improving monthly rental returns. These renovations unlock significant lifestyle benefits and help your property shine in a competitive market. Focusing on fresh, quality updates provides a smart way to elevate your home's appeal while securing a solid long-term value.
Comps
3
Uplift
+3%
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $304,000 and $337,000. Renovations should effectively bridge the value gap in this market, establishing a strong foundation for long-term equity growth and asset appreciation. Expected rental income is approximately $2,194 monthly, generating an 8.2% yield. These figures suggest a sustainable cash flow profile, making this single-family home a practical addition to a rental portfolio while balancing initial capital investment requirements.
Rental Income
$26K
Yield
8.2%
Year 1 Estimates, Post Typical Renovation
Estimated value
$359K
$86K over comp median
Comparative Market Analysis
$135K – $393K
~31 days to sell
Based on 8 comps
249 Alameda Ave, Fort Myers Investment Report: Flip & Rental Analysis · Frontflip