1907 Madre St · Edgewater, FL 32168

$209,000

3 bd · 2.0 ba · 1,560 sqft · Manufactured · 16 Days on market

Built 2003 Good condition 6,547 sqft lot $30/mo HOA · 1% of rent

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Why this score? — see what drove the B 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Rent growth +3.9/5.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICE REDUCTION. .. Handy man paradise. ALL OFFERS WELCOME. Welcome to 1907 Madre Street, located on a corner lot in the heart of New Smyrna Beach in a quiet neighborhood of Mission Oaks. This charming property is the perfect place to call home, boasting a convenient location just minutes from the beach, local shops and restaurants. Step inside and you'll find a spacious and inviting interior, complete with an open floor plan. The kitchen features modern appliances, ample cabinet space, and a breakfast bar for casual dining. The master bedroom is a peaceful retreat, with a large closet and an ensuite bathroom. Two additional bedrooms offer plenty of space for guests or a home office. Roof is original, new flooring, AC 2-3 years old, water heater 6-7 years. 680 sq foot workshop in back for your favorite hobby! Request a showing today.

Key facts

• Remodeled kitchen
• New cabinets
• Owned land

Tags

• REMODELED HOME
• OWNED LAND
• CORNER LOT
• REMODELED KITCHEN
• NEW CABINETS
• NEW QUARTZ COUNTER-TOP

Property features AI

Finance

• Other: Corner lot on a cul-de-sac, unincorporated area; Lot surface: asphalt road; Lot approx. 0.15 acre
• HOA & community: Monthly HOA fee of $30 (Association: John Buchanan); Pets allowed (cats and dogs); Development: Mission Oaks

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Public utilities
• Home design: Manufactured double-wide home; Single-story (one level); West-facing entry
• Construction: Vinyl siding; Shingle roof; Pillar/post/pier foundation; Completed condition
• Exterior features: Storage shed/workshop; Wood fencing

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Crown molding; Open floorplan with living/dining combo; Thermostat; Walk-in closet(s); Living room fireplace
• Laundry & utility: Inside laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $209k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $861 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $209k).
• Recommended offer: $206k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#329 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D-, commute F.
• 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: Edgewater Public School (math 67% / reading 52%, grade B-, #690 of 2,144 statewide, top 34%, 504 students, 64% FRL); New Smyrna Beach High School (math 34% / reading 52%, grade F, #255 of 667 statewide, top 39%, 1,810 students, 41% FRL) — zoned schools at 53% FRL track the district average.
• Market conditions: Rents rising fast (+5.6%/yr); 601 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• At $2,956/mo this rent would consume 46% of the median local household income ($77k/yr) (locally 1139% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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.
• At projected returns (-3.0% appreciation + 5.6% rent growth), your $59k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($206k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 23y 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 $135k; list at $209k implies a 55% gain — meaningful room to come down on a strong offer.

Recommended offer $205,865 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.41% ✓
• Cap rate: 11.24%
• Cash-on-cash: 17.66%
• DSCR: 1.79
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.6% rent growth · sell at horizon

5-year hold

• IRR: 12.1%
• Equity multiple: 1.50×
• Total profit: $28,969
• Equity at exit: $31,163

10-year hold

• IRR: 23.0%
• Equity multiple: 3.23×
• Total profit: $130,436
• Equity at exit: $18,071

Cash invested: $58,520 (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 32168

• Home prices YoY: -27.0%
• Rents YoY: 5.6%
• Active inventory: 601
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,956 medium
• Mortgage (P&I): −$1,096
• Tax est. 1.5%: −$261 /mo · $3,135/yr
• Insurance: −$87
• HOA: −$30
• Vacancy / Maint / Mgmt: −$621
• Net cashflow: $861

Break-even live

Break-even rent $1,866

Max offer price $209,000

Occupancy floor 66%

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: $52,250
• Closing costs: $6,270
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1822 Red Rock Rd New Smyrna Beach, FL	3.0	2.0	1697	$3,000	$1.77	23d	1	0.09mi
2219 Lake Preserve Cir New Smyrna Beach, FL	4.0	2.0	1828	$3,400	$1.86	23d	1	0.40mi
308 Wildwood Dr Edgewater, FL	3.0	2.0	1485	$2,195	$1.48	18d	1	1.34mi

HOA detail

• Monthly dues: $30 · $360/yr
• Likely covers: water

Listing history 28 events

1. 2026-06-15
   statusdays on market $209,000 Pending 16 DOM
2. 2026-05-14
   listed $209,000 Active 731-char remark
3. 2025-12-01
   historical
4. 2025-11-05
   price $229,000
5. 2025-08-05
   price $239,000
6. 2025-06-26
   price $249,000
7. 2025-05-21
   listed $259,000 Active
8. 2024-03-26
   soldstatus $135,000 Closed

   Show marketing remark (846 chars)

   PRICE REDUCTION. .. Handy man paradise. ALL OFFERS WELCOME. Welcome to 1907 Madre Street, located on a corner lot in the heart of New Smyrna Beach in a quiet neighborhood of Mission Oaks. This charming property is the perfect place to call home, boasting a convenient location just minutes from the beach, local shops and restaurants. Step inside and you'll find a spacious and inviting interior, complete with an open floor plan. The kitchen features modern appliances, ample cabinet space, and a breakfast bar for casual dining. The master bedroom is a peaceful retreat, with a large closet and an ensuite bathroom. Two additional bedrooms offer plenty of space for guests or a home office. Roof is original, new flooring, AC 2-3 years old, water heater 6-7 years. 680 sq foot workshop in back for your favorite hobby! Request a showing today.

9. 2024-02-28
   status Pending

   Show marketing remark (846 chars)

   PRICE REDUCTION. .. Handy man paradise. ALL OFFERS WELCOME. Welcome to 1907 Madre Street, located on a corner lot in the heart of New Smyrna Beach in a quiet neighborhood of Mission Oaks. This charming property is the perfect place to call home, boasting a convenient location just minutes from the beach, local shops and restaurants. Step inside and you'll find a spacious and inviting interior, complete with an open floor plan. The kitchen features modern appliances, ample cabinet space, and a breakfast bar for casual dining. The master bedroom is a peaceful retreat, with a large closet and an ensuite bathroom. Two additional bedrooms offer plenty of space for guests or a home office. Roof is original, new flooring, AC 2-3 years old, water heater 6-7 years. 680 sq foot workshop in back for your favorite hobby! Request a showing today.

10. 2024-02-26
    price $175,000

    Show marketing remark (846 chars)

    PRICE REDUCTION. .. Handy man paradise. ALL OFFERS WELCOME. Welcome to 1907 Madre Street, located on a corner lot in the heart of New Smyrna Beach in a quiet neighborhood of Mission Oaks. This charming property is the perfect place to call home, boasting a convenient location just minutes from the beach, local shops and restaurants. Step inside and you'll find a spacious and inviting interior, complete with an open floor plan. The kitchen features modern appliances, ample cabinet space, and a breakfast bar for casual dining. The master bedroom is a peaceful retreat, with a large closet and an ensuite bathroom. Two additional bedrooms offer plenty of space for guests or a home office. Roof is original, new flooring, AC 2-3 years old, water heater 6-7 years. 680 sq foot workshop in back for your favorite hobby! Request a showing today.

11. 2024-01-17
    price $200,000

    Show marketing remark (846 chars)

    PRICE REDUCTION. .. Handy man paradise. ALL OFFERS WELCOME. Welcome to 1907 Madre Street, located on a corner lot in the heart of New Smyrna Beach in a quiet neighborhood of Mission Oaks. This charming property is the perfect place to call home, boasting a convenient location just minutes from the beach, local shops and restaurants. Step inside and you'll find a spacious and inviting interior, complete with an open floor plan. The kitchen features modern appliances, ample cabinet space, and a breakfast bar for casual dining. The master bedroom is a peaceful retreat, with a large closet and an ensuite bathroom. Two additional bedrooms offer plenty of space for guests or a home office. Roof is original, new flooring, AC 2-3 years old, water heater 6-7 years. 680 sq foot workshop in back for your favorite hobby! Request a showing today.

12. 2024-01-04
    listed $224,900 Active

    Show marketing remark (846 chars)

    PRICE REDUCTION. .. Handy man paradise. ALL OFFERS WELCOME. Welcome to 1907 Madre Street, located on a corner lot in the heart of New Smyrna Beach in a quiet neighborhood of Mission Oaks. This charming property is the perfect place to call home, boasting a convenient location just minutes from the beach, local shops and restaurants. Step inside and you'll find a spacious and inviting interior, complete with an open floor plan. The kitchen features modern appliances, ample cabinet space, and a breakfast bar for casual dining. The master bedroom is a peaceful retreat, with a large closet and an ensuite bathroom. Two additional bedrooms offer plenty of space for guests or a home office. Roof is original, new flooring, AC 2-3 years old, water heater 6-7 years. 680 sq foot workshop in back for your favorite hobby! Request a showing today.

13. 2012-04-30
    soldstatus $53,000
14. 2012-04-30
    soldstatus $53,000
15. 2012-04-30
    soldstatus $53,000
16. 2012-03-07
    listed $67,175
17. 2012-03-07
    listed $69,675
18. 2012-03-07
    listed $69,675
19. 2010-04-26
    soldstatus $90,000
20. 2010-04-26
    soldstatus $90,000
21. 2010-04-26
    soldstatus $90,000
22. 2009-10-07
    listed $94,900
23. 2009-09-22
    listed $94,900
24. 2009-09-22
    listed $94,900
25. 2004-01-05
    soldstatus $105,800
26. 2004-01-05
    soldstatus $105,800
27. 2003-10-14
    listed $99,900
28. 2003-10-14
    listed $99,900

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

Taxation est. · year 1

• Rental income: $35,474
• − Mortgage interest: −$11,707
• − Property taxes: −$3,135
• − Insurance: −$1,045
• − Repairs & maintenance: −$2,838
• − Management: −$2,838
• − HOA: −$360
• − Depreciation: −$6,080
• Taxable income: $7,471
• Est. tax owed @ 24.0%: −$1,793
• After-tax cash flow: $8,539/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This remodeled home offers a spacious and inviting interior with new kitchen, bathrooms, and flooring. The exterior is well-maintained, and the property is conveniently located in a quiet neighborhood.

Value-add opportunities

• Both Painting exterior siding — Enhances curb appeal and value.
• Both Landscaping improvements — Enhances curb appeal and value.
• Both Replace ceiling fans with energy-efficient models — Saves on energy costs and enhances comfort.
• Both Install smart home devices — Enhances convenience and adds value for potential buyers/renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior siding — Enhances curb appeal and value. ↑
• Both Landscaping improvements — Enhances curb appeal and value. ↑
• Both Replace ceiling fans with energy-efficient models — Saves on energy costs and enhances comfort. ↑
• Both Install smart home devices — Enhances convenience and adds value for potential buyers/renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Edgewater

• Score: 72/100
• State rank: #329
• US rank: #5753

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Volusia County · 556,871 people
• City population: 18,726
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 31,847
• Household income: $77,083
• Rent vs Own: 23.3% rent · 76.7% own
• Severe rent burden: 1139.0

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 (85%)
• Race & ethnicity: White 85% Hispanic / Latino 6% Black 5% Two or more races 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Romanian 4% Italian 3% Lithuanian 2%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 93% English-only · Spanish 5% Other Indo-European 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: ▼ -129.58%
• Current HPI: 350.4259
• Rent YoY: ▲ 5.60%
• 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

+109.2% since first listed

29 events — show timeline

• 2026-06-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-06-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-14 Listed $209,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-11-05 Price Changed $229,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-05 Price Changed $239,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-26 Price Changed $249,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-21 Listed $259,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-26 Sold (MLS) $135,000 Stellar MLS as Distributed by MLS Grid
• 2024-02-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-02-26 Price Changed $175,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-17 Price Changed $200,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-04 Listed $224,900 Stellar MLS as Distributed by MLS Grid
• 2012-04-30 Sold (MLS) $53,000 Stellar MLS as Distributed by MLS Grid
• 2012-04-30 Sold (MLS) $53,000 NSBMLS
• 2012-04-30 Sold (MLS) $53,000 SCMLS
• 2012-03-07 Listed $69,675 Stellar MLS as Distributed by MLS Grid
• 2012-03-07 Listed $69,675 NSBMLS
• 2012-03-07 Listed $67,175 SCMLS
• 2010-04-26 Sold (MLS) $90,000 Stellar MLS as Distributed by MLS Grid
• 2010-04-26 Sold (MLS) $90,000 NSBMLS
• 2010-04-26 Sold (MLS) $90,000 SCMLS
• 2009-10-07 Listed $94,900 SCMLS
• 2009-09-22 Listed $94,900 Stellar MLS as Distributed by MLS Grid
• 2009-09-22 Listed $94,900 NSBMLS
• 2004-01-05 Sold (MLS) $105,800 Stellar MLS as Distributed by MLS Grid
• 2004-01-05 Sold (MLS) $105,800 NSBMLS
• 2003-10-14 Listed $99,900 Stellar MLS as Distributed by MLS Grid
• 2003-10-14 Listed $99,900 NSBMLS