12 Azalea Dr · Daytona Beach, FL 32124

$253,000

2 bd · 1.5 ba · 1,252 sqft · SingleFamily public records · 7 Days on market

Built 1978 9,450 sqft lot

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Why this score? — see what drove the C 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 +19.5/30.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• 1% rule +5.1/10.0
• Livability +4.2/5.0
• Appreciation +4.0/10.0
• Rent growth +3.9/5.0
• Schools +3.9/10.0
• Condition / age +2.5/5.0

Listing remarks

Under contract-accepting backup offers. One or more photo(s) has been virtually staged. WELCOME HOME to this affordable property with charm, ideally located in a very convenient area off US-92 in Daytona Beach in Highridge Estates. Enjoy the benefit of no HOA, with the freedom and flexibility homeowners want. New roof installed 2026, A/C is 2019. Newer water heater. New Appliances This 2-bedroom, 2-bath home features a spacious living room and separate dining room, along with an updated kitchen, new appliances, white cabinets & beautiful granite countertops. Both bathrooms have been updated. Entertain comfortably in the family room with a beautiful woodburning fireplace, plus a sep

Key facts

• New appliances
• Updated bathrooms
• Updated kitchen

Tags

• NO HOA
• NEW ROOF
• UPDATED KITCHEN
• NEW APPLIANCES
• UPDATED BATHROOMS
• WOODBURNING FIREPLACE

Property features AI

Finance

• Other: Pets allowed; Located on an asphalt, public-maintained city street

Exterior

• Parking: Attached garage with automatic door opener (1 car)
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Water connected; Sewer connected
• Home design: Single-family residence; Updated/remodeled; One-story; Entry level: 1; Home faces northeast
• Construction: Block, brick and stucco construction; Shingle roof; Slab foundation; Built as a residential single-family home
• Exterior features: Covered front porch; Glass-enclosed porch; Rear porch

Interior

• Kitchen: Electric oven; Refrigerator
• Flooring: Tile
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning; Ceiling fans
• Interior features: Ceiling fans; Free-standing wood-burning fireplace (1)
• Laundry & utility: Washer; Dryer; Washer hookup; Electric dryer hookup; Laundry located in garage

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $253k.

Deal economics

• At list price, monthly cash flow is $287 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $253k).

Location & tenants

• Location reads 83/100 on livability (#46 in FL, #867 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D+, employment 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.
• Market conditions: Rents rising fast (+5.5%/yr); 333 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• This rent runs 33% of the median local income ($93k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-2.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $5k 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 (-2.0% appreciation + 5.5% rent growth), your $71k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 2y 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 $23k; list at $253k implies a 1000% 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; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $253,000

Questions for the listing agent

1. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.01% ✓
• Cap rate: 7.65%
• Cash-on-cash: 4.86%
• DSCR: 1.22
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-1.99% appreciation · 5.46% rent growth · sell at horizon

5-year hold

• IRR: -1.8%
• Equity multiple: 0.92×
• Total profit: $-5,323
• Equity at exit: $49,263

10-year hold

• IRR: 8.5%
• Equity multiple: 1.80×
• Total profit: $56,823
• Equity at exit: $42,220

Cash invested: $70,840 (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 32124

• Home prices YoY: -0.6%
• Rents YoY: 5.5%
• Active inventory: 333
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,568 medium
• Mortgage (P&I): −$1,327
• Tax from tax record: −$309 /mo · $3,709/yr
• Insurance: −$105
• HOA: −$0
• Vacancy / Maint / Mgmt: −$539
• Net cashflow: $287

Break-even live

Break-even rent $2,204

Max offer price $253,000

Occupancy floor 84%

Sensitivity live

Price	-10% $430	-5% $359	+0% $287	+5% $215	+10% $144
Rent	-10% $84	-5% $186	+0% $287	+5% $388	+10% $490
Rate	-1.0pp $414	-0.5pp $351	base $287	+0.5pp $221	+1.0pp $155

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: $63,250
• Closing costs: $7,590
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1465 Admiral Nimitz Ave Daytona Beach, FL	3.0	2.0	1420	$2,200	$1.55	24d	1	0.14mi
38 General Doolittle Rd Unit NA Daytona Beach, FL	3.0	2.0	1135	$2,200	$1.94	24d	1	0.22mi

Listing history 11 events

1. 2026-06-02
   status $253,000 Pending 7 DOM
2. 2026-06-01
   days on market $253,000 Active 7 DOM
3. 2026-05-31
   days on market $253,000 Active 6 DOM
4. 2026-05-31
   days on market $253,000 Active 5 DOM
5. 2026-05-20
   listed $253,000 Active
6. 2024-12-13
   historical $1,900
7. 2024-11-27
   listed $1,900
8. 1996-06-27
   soldstatus $23,000
9. 1992-04-01
   soldstatus $59,000
10. 1985-10-01
    soldstatus $49,900
11. 1982-11-01
    soldstatus $42,000

ⓘ 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: $3,709 · $309/mo
• Projected year-2 tax: $3,709 · $309/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 7/10 Severe
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,810
• − Mortgage interest: −$14,172
• − Property taxes: −$3,709
• − Insurance: −$1,265
• − Repairs & maintenance: −$2,465
• − Management: −$2,465
• − Depreciation: −$7,360
• Taxable loss: −$626
• Est. tax savings @ 24.0%: +$150
• After-tax cash flow: $3,595/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 — Daytona Beach

• Score: 83/100
• State rank: #46
• US rank: #867

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime C Employment D- 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: 67,539
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 11,409
• Household income: $92,616
• Rent vs Own: 5.8% rent · 94.2% own
• Severe rent burden: 54.0

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% Black 20% Hispanic / Latino 5% Asian 2% Two or more races 1%
• Common ancestry: Romanian 3% Italian 2% Portuguese 1%
• Foreign-born: 10% · Canada, Mexico, South Korea
• Languages at home: 91% English-only · Spanish 4% Other Asian/Pacific 1% 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: ▼ -1.99%
• Current HPI: 311.7456
• Rent YoY: ▲ 5.46%
• 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

+502.4% since first listed

7 events — show timeline

• 2026-05-20 Listed $253,000 Daytona MLS
• 2024-12-13 Rental Removed $1,900 RENTALBEAST
• 2024-11-27 Listed for Rent $1,900 RENTALBEAST
• 1996-06-27 Sold (Public Records) $23,000 Public Records
• 1992-04-01 Sold (Public Records) $59,000 Public Records
• 1985-10-01 Sold (Public Records) $49,900 Public Records
• 1982-11-01 Sold (Public Records) $42,000 Public Records

Property tax history

+18.5%/yr

Latest (2025): $3,709 · -0.3% YoY. Source: county tax records.