4414 E Indian River Dr W Unit W · Edgewater, FL 32141

$68,500

2 bd · 1.0 ba · 984 sqft · Manufactured · 87 Days on market

Built 1973 Poor condition 5,662 sqft lot $350/mo HOA · 19% of rent

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Home and property sold ''AS IS''. 2BR/2BA home, Fixer upper. Located in a peaceful waterfront community . Short drive to the Kennedy Space Center and the Worldl'ls most famous beach, Daytona Beach Speedway. Short work to the newly built fishing dock. Watchthe sunrise and launch your boat from the community boat reamp. lLive the Floria Life Style.

Key facts

• Fishing dock
• Community boat ramp
• Waterfront community

Tags

• WATERFRONT COMMUNITY
• FISHING DOCK
• COMMUNITY BOAT RAMP

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $68k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $667 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $68k).
• Recommended offer: $64k (6.0% 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.
• Market conditions: 304 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 35% of the median local income ($64k/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 $474 of loan paydown is wiped out by about $2k 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 + 3.0% rent growth), your $19k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($64k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $64,389 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 2.75% ✓
• Cap rate: 17.97%
• Cash-on-cash: 41.71%
• DSCR: 2.86
• GRM: 3.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 38.5%
• Equity multiple: 2.65×
• Total profit: $31,607
• Equity at exit: $10,214

10-year hold

• IRR: 45.1%
• Equity multiple: 5.34×
• Total profit: $83,191
• Equity at exit: $5,923

Cash invested: $19,180 (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 32141

• Home prices YoY: -19.2%
• Active inventory: 304
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,886 medium
• Mortgage (P&I): −$359
• Tax est. 1.5%: −$86 /mo · $1,028/yr
• Insurance: −$29
• HOA: −$350
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $667

Break-even live

Break-even rent $1,042

Max offer price $68,500

Occupancy floor 60%

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: $17,125
• Closing costs: $2,055
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20 River Park Blvd Edgewater, FL	2.0	1.0	1000	$1,700	$1.70	14d	1	0.09mi
4340 Whiting Way Edgewater, FL	1.0	1.0	570	$1,700	$2.98	23d	1	0.36mi
189 Lewis St Edgewater, FL	2.0	2.0	768	$2,200	$2.86	23d	1	0.69mi

HOA detail

• Monthly dues: $350 · $4,200/yr
• Likely covers: water

Listing history 16 events

1. 2026-06-18
   days on market $68,500 Active 87 DOM
2. 2026-06-17
   days on market $68,500 Active 86 DOM
3. 2026-06-16
   days on market $68,500 Active 85 DOM
4. 2026-06-15
   days on market $68,500 Active 84 DOM
5. 2026-06-14
   days on market $68,500 Active 82 DOM
6. 2026-06-10
   days on market $68,500 Active 79 DOM
7. 2026-06-09
   days on market $68,500 Active 78 DOM
8. 2026-06-08
   days on market $68,500 Active 77 DOM
9. 2026-06-07
   days on market $68,500 Active 76 DOM
10. 2026-06-05
    days on market $68,500 Active 73 DOM
11. 2026-06-03
    days on market $68,500 Active 72 DOM
12. 2026-06-03
    days on market $68,500 Active 71 DOM
13. 2026-06-01
    days on market $68,500 Active 70 DOM
14. 2026-05-31
    days on market $68,500 Active 69 DOM
15. 2026-05-31
    days on market $68,500 Active 68 DOM
16. 2026-03-23
    listed $68,500 Active 348-char remark

    Show marketing remark (348 chars)

    Home and property sold ''AS IS''. 2BR/2BA home, Fixer upper. Located in a peaceful waterfront community . Short drive to the Kennedy Space Center and the Worldl'ls most famous beach, Daytona Beach Speedway. Short work to the newly built fishing dock. Watchthe sunrise and launch your boat from the community boat reamp. lLive the Floria Life Style.

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 54% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,635
• − Mortgage interest: −$3,837
• − Property taxes: −$1,028
• − Insurance: −$342
• − Repairs & maintenance: −$1,811
• − Management: −$1,811
• − HOA: −$4,200
• − Depreciation: −$1,993
• Taxable income: $7,613
• Est. tax owed @ 24.0%: −$1,827
• After-tax cash flow: $6,173/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 · 8 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and maintenance to bring it up to a livable condition. Immediate attention to exterior and interior repairs is necessary to increase its value.

Repairs flagged

• Major exterior siding — Severe peeling and damage
• Major exterior paint — Severe peeling and damage
• Major exterior vegetation — Overgrown and needs trimming
• Major exterior foundation — Visible signs of structural damage
• Major exterior roof — No visible damage

Value-add opportunities

• Both Landscaping and exterior painting — Improves curb appeal and property value
• Both Kitchen and bathroom updates — Enhances functionality and appeal
• Both Structural repairs — Ensures safety and stability

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Severe peeling and damage	Major	$15,000–50,000
exterior paint · Severe peeling and damage	Major	$15,000–50,000
exterior vegetation · Overgrown and needs trimming	Major	$15,000–50,000
exterior foundation · Visible signs of structural damage	Major	$15,000–50,000
exterior roof · No visible damage	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both Landscaping and exterior painting — Improves curb appeal and property value ↑
• Both Kitchen and bathroom updates — Enhances functionality and appeal ↑
• Both Structural repairs — Ensures safety and stability ↑

ⓘ 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): 18,726
• Household income: $63,936
• Rent vs Own: 6.2% rent · 93.8% own
• Severe rent burden: 161.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 4% Two or more races 3% Black 2%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 2% German/W. Germanic 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: ▼ -80.12%
• Current HPI: 337.8301
• Rent YoY: —
• 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

1 event — show timeline

• 2026-03-23 Listed $68,500 Daytona MLS