414 Wade Ave · DeLand, FL 32724

$265,000

4 bd · 1.5 ba · 1,514 sqft · SingleFamily public records · 63 Days on market

Built 1979 10,875 sqft lot

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.5/30.0
• ARV discount +7.5/15.0
• DSCR +4.1/10.0
• Schools +3.9/10.0
• 1% rule +3.4/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

NICE PRICE REDUCTION FOR THIS DELAND HOME. FOUR BEDROOMS WITH A FENCED YARD. TONS OF POTENTIAL! COME AND FIX THIS ONE UP TO ITS ORIGINAL CHARM! PROPERTY FEATURES KITCHEN AND BREAKFAST NOOK WITH TILE FLOORING, THERMAL WINDOWS FOR ENERGY EFFICIENCY AND TONSOF STORAGE! THIS IS A FANNIE MAE HOMPATH PROPERTY. PURCHASE THIS PROPERTY FOR AS LITTLE AS 5% DOWN! THIS PROPERTY IS APPROVED FOR HOMEPATH RENOVATION FINANCING.

Key facts

• Fully fenced
• Corner lot
• 0.25 acre lot

Tags

• INVESTMENT OPPORTUNITY
• CORNER LOT
• FULLY FENCED
• CLOSE PROXIMITY TO SHOPPING
• CLOSE PROXIMITY TO DINING

Property features AI

Finance

• Other: No lease restrictions; Unfurnished
• Financial info: No additional financial details provided
• HOA & community: No association; Development: Deland

Exterior

• Parking: No parking details provided
• Security: No security details provided
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single-family residence; One story; East-facing
• Construction: Block construction; Shingle roof; Slab foundation; Built area approximately 1,554 total building area
• Exterior features: Exterior lighting; Asphalt road access

Interior

• Kitchen: Range; Range hood; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Walk-in closets
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $265k.

Deal economics

• At list price, monthly cash flow is $10 ($117/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $223k (15.7% below list).
• Recommended offer: $223k (15.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#498 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, crime B; Watch: amenities F, commute F, health & safety D-.
• Volusia (suburban): math 44% / reading 49% proficiency, ranked #47 of 73 in FL (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Blue Lake Elementary School (math 30% / reading 30%, grade F, #1,882 of 2,144 statewide, top 88%, 520 students, 75% FRL); Deland Middle School (math 38% / reading 43%, grade F, #360 of 571 statewide, top 64%, 1,074 students, 61% FRL); Deland High School (math 26% / reading 45%, grade F, #367 of 667 statewide, top 57%, 2,926 students, 50% FRL).
• Market conditions: Rents rising (+2.8%/yr); 669 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• This rent runs 36% of the median local income ($74k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Volusia County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($249k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $120k; list at $265k implies a 120% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $223,431 (15.7% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.84% ✗
• Cap rate: 6.34%
• Cash-on-cash: 0.16%
• DSCR: 1.01
• GRM: 9.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.82% rent growth · sell at horizon

5-year hold

• IRR: -16.3%
• Equity multiple: 0.42×
• Total profit: $-42,736
• Equity at exit: $39,512

10-year hold

• IRR: -8.3%
• Equity multiple: 0.49×
• Total profit: $-38,116
• Equity at exit: $22,912

Cash invested: $74,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32724

• Rents YoY: 2.8%
• Active inventory: 669
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,234 high
• Mortgage (P&I): −$1,390
• Tax from tax record: −$255 /mo · $3,063/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $10

Break-even live

Break-even rent $2,222

Max offer price $265,000

Occupancy floor 95%

Sensitivity live

Price	-10% $160	-5% $85	+0% $10	+5% $-65	+10% $-140
Rent	-10% $-167	-5% $-78	+0% $10	+5% $98	+10% $186
Rate	-1.0pp $143	-0.5pp $77	base $10	+0.5pp $-59	+1.0pp $-129

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1422 Saffron Trl Deland, FL	3.0	2.5	1688	$1,995	$1.18	13d	1	0.29mi
109 S Colorado Ave Unit A DeLand, FL	3.0	2.0	1659	$2,100	$1.27	25d	1	0.62mi
903 E New York Ave DeLand, FL	3.0	2.0	1500	$2,200	$1.47	25d	1	0.78mi
740 Preakness Cir Deland, FL	3.0	2.0	2029	$2,350	$1.16	21d	1	0.94mi
555 E Voorhis Ave Unit 1 DeLand, FL	3.0	2.0	1750	$1,195	$0.68	25d	1	0.96mi
2045 Havasu Falls Dr Deland, FL	4.0	2.0	1945	$2,400	$1.23	23d	1	1.41mi

Listing history 12 events

1. 2026-04-30
   status Pending
2. 2026-02-26
   listed $265,000 Active
3. 2023-10-11
   historical $1,725
4. 2023-10-05
   price $1,725
5. 2023-09-23
   listed $1,750
6. 2014-08-28
   soldstatus $120,395
7. 2014-02-07
   soldstatus $54,000 415-char remark

   Show marketing remark (415 chars)

   NICE PRICE REDUCTION FOR THIS DELAND HOME. FOUR BEDROOMS WITH A FENCED YARD. TONS OF POTENTIAL! COME AND FIX THIS ONE UP TO ITS ORIGINAL CHARM! PROPERTY FEATURES KITCHEN AND BREAKFAST NOOK WITH TILE FLOORING, THERMAL WINDOWS FOR ENERGY EFFICIENCY AND TONSOF STORAGE! THIS IS A FANNIE MAE HOMPATH PROPERTY. PURCHASE THIS PROPERTY FOR AS LITTLE AS 5% DOWN! THIS PROPERTY IS APPROVED FOR HOMEPATH RENOVATION FINANCING.

8. 2014-01-29
   historical 415-char remark

   Show marketing remark (415 chars)

   NICE PRICE REDUCTION FOR THIS DELAND HOME. FOUR BEDROOMS WITH A FENCED YARD. TONS OF POTENTIAL! COME AND FIX THIS ONE UP TO ITS ORIGINAL CHARM! PROPERTY FEATURES KITCHEN AND BREAKFAST NOOK WITH TILE FLOORING, THERMAL WINDOWS FOR ENERGY EFFICIENCY AND TONSOF STORAGE! THIS IS A FANNIE MAE HOMPATH PROPERTY. PURCHASE THIS PROPERTY FOR AS LITTLE AS 5% DOWN! THIS PROPERTY IS APPROVED FOR HOMEPATH RENOVATION FINANCING.

9. 2013-08-14
   listed $59,900 415-char remark

   Show marketing remark (415 chars)

   NICE PRICE REDUCTION FOR THIS DELAND HOME. FOUR BEDROOMS WITH A FENCED YARD. TONS OF POTENTIAL! COME AND FIX THIS ONE UP TO ITS ORIGINAL CHARM! PROPERTY FEATURES KITCHEN AND BREAKFAST NOOK WITH TILE FLOORING, THERMAL WINDOWS FOR ENERGY EFFICIENCY AND TONSOF STORAGE! THIS IS A FANNIE MAE HOMPATH PROPERTY. PURCHASE THIS PROPERTY FOR AS LITTLE AS 5% DOWN! THIS PROPERTY IS APPROVED FOR HOMEPATH RENOVATION FINANCING.

10. 1992-03-01
    soldstatus $44,000
11. 1991-12-01
    soldstatus $37,500
12. 1990-11-01
    soldstatus $43,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $3,063 · $255/mo
• Projected year-2 tax: $3,063 · $255/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,812
• − Mortgage interest: −$14,844
• − Property taxes: −$3,063
• − Insurance: −$1,325
• − Repairs & maintenance: −$2,145
• − Management: −$2,145
• − Depreciation: −$7,709
• Taxable loss: −$4,419
• Est. tax savings @ 24.0%: +$1,061
• After-tax cash flow: $1,178/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Volusia
• NCES district ID: 1201920
• Math proficiency: 44% ▼ -9.00%
• Reading proficiency: 49% ▼ -3.00%
• Median HH income: $42,946
• Composite: 39.2/100
• National rank: #4019
• State rank: #47 of 73 in FL

Livability — DeLand

• Score: 68/100
• State rank: #498
• US rank: #9197

Category grades

Amenities F Commute F Cost of living A Crime B Employment C Housing A+ Health & safety D- User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Volusia County · 556,871 people
• City population: 81,399
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 45,140
• Household income: $73,592
• Rent vs Own: 22.2% rent · 77.8% own
• Severe rent burden: 942.0

Population outlook (Volusia County) Hauer SSP2

• Today (2025): 572,749 people
• By 2030: 598,695 · +4.5%
• By 2040: 644,880 · +12.6%
• By 2050: 681,451 · +19.0%
• By 2075: 759,957 · +32.7%
• By 2100: 778,902 · +36.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 19% Two or more races 9% Black 6% Asian 1%
• Hispanic origin (detail): Mexican 9% Puerto Rican 5%
• Common ancestry: Romanian 2% Slovak 2% Lithuanian 2%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 14% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Volusia

• 2024 margin: Strong R (+21.8) · D 38.7% · R 60.5%
• 2008→2024 swing: -27.4pp toward R · 2008: 5.7pp · 2024: -21.8pp
• All cycles: 2024: R+21.8 2020: R+14.1 2016: R+13.1 2012: R+1.2 2008: D+5.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -215.80%
• Current HPI: 297.1837
• Rent YoY: ▲ 2.82%
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+516.3% since first listed

12 events — show timeline

• 2026-04-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-26 Listed $265,000 Stellar MLS as Distributed by MLS Grid
• 2023-10-11 Rental Removed $1,725 RENTLY
• 2023-10-05 Price Changed $1,725 RENTLY
• 2023-09-23 Listed for Rent $1,750 RENTLY
• 2014-08-28 Sold (Public Records) $120,395 Public Records
• 2014-02-07 Sold (MLS) $54,000 Stellar MLS as Distributed by MLS Grid
• 2014-01-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2013-08-14 Listed $59,900 Stellar MLS as Distributed by MLS Grid
• 1992-03-01 Sold (Public Records) $44,000 Public Records
• 1991-12-01 Sold (Public Records) $37,500 Public Records
• 1990-11-01 Sold (Public Records) $43,000 Public Records

Property tax history

+5.8%/yr

Latest (2025): $3,063 · +5.8% YoY. Source: county tax records.