5
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853 Belden Ave
About This Property
Situated in a desirable residential area, this property offers convenient access to a nearby school (approximately 4.0 miles), ALDI supermarket (5.5 miles), Majestic Golf Club (4.7 miles), and major highways (about 3.8 miles). The lot is located in Flood Zone X, indicating minimal flood hazard outside both the 100-year and 500-year floodplains. Wetlands are present on the property. This may require environmental buffers, mitigation requirements, or additional restrictions from wetlands, and can add complexity to construction and permitting.
Zoned RS-1 Single-Family Residential District, the property supports low-density residential use with single-family detached homes permitted by right. Modular homes are allowed if compliant with the Florida Building Code. Accessory Dwelling Units (ADUs) have limited allowances due recent Florida state laws such as the Live Local Act. However, mobile/manufactured homes, duplexes, townhomes, multifamily developments, and apartments are prohibited. Density is typically 1 unit for each platted lot. Buyer should verify all zoning, setbacks, utility availability, and development requirements with the Lee County Community Development Department. Request a Zoning Verification Letter for confirmation.
The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2026 | Price Decreased |
$14,000
↓ $16K
(53.3%) | |
| Price Decreased | |||
| Sep 3, 2024 | Price Decreased |
$30,000
↓ $5K
(14.3%) | |
| Price Decreased | |||
| Feb 24, 2024 | Price Increased |
$35,000
↑ $11K
(42.9%) | |
| Price Increased | |||
| Dec 1, 2023 | Listed by Sunland Real Estate, LLC. | $24,500 | |
| Listed by Sunland Real Estate, LLC. | |||
| Oct 6, 2023 | No longer available | - | |
| No longer available | |||
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About Eisenhower
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017