493 W Baltimore Dr · DeLand Southwest, FL 32720

$275,000

4 bd · 2.5 ba · 1,265 sqft · SingleFamily public records · 136 Days on market

Built 1961 0.28 ac 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 +13.6/30.0
• ARV discount +7.5/15.0
• DSCR +4.1/10.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• 1% rule +3.5/10.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move-in ready, energy-efficient, and built for peace of mind. This beautiful 4-bedroom, 2.5-bath block home in DeLand offers a new roof installed in 2023, a brand-new HVAC system, and solar panels that are paid in full, helping keep utility costs low from day one. Tucked away in a quiet no-HOA neighborhood, the home sits high and dry while still being just minutes from Stetson University, historic downtown DeLand, and major highways for easy commuting. Inside, you'll find tile flooring throughout and a well-designed layout with two en-suite bedrooms. The spacious primary suite features a jetted tub, creating a relaxing space to unwind. Outside, the fully fenced yard provides plenty of room to enjoy Florida living, complete with a backyard deck, screened side porch, and a large shed for extra storage. Comfortable, convenient, and easy to love, this home is ready for its next chapter.

Key facts

• No hoa neighborhood
• Tile flooring
• Solar panels

Tags

• NEW ROOF
• BRAND NEW HVAC SYSTEM
• SOLAR PANELS
• NO HOA NEIGHBORHOOD
• TILE FLOORING
• FULLY FENCED YARD

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $16 ($194/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 $235k (14.6% below list).
• Recommended offer: $235k (14.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#331 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, 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.
• Zoned schools: Woodward Avenue Elementary School (math 44% / reading 45%, grade F, #1,288 of 2,144 statewide, top 62%, 554 students, 70% FRL); Southwestern Middle School (math 38% / reading 44%, grade F, #353 of 571 statewide, top 63%, 697 students, 63% 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 (+3.4%/yr); 444 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 41% of the median local income ($69k/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 136 days — a 12% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 7y 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.

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 $234,877 (14.6% below list)

Questions for the listing agent

1. It's been on market 136 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1961 — 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 F-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: 0.85% ✗
• Cap rate: 6.36%
• Cash-on-cash: 0.25%
• DSCR: 1.01
• GRM: 9.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.36% rent growth · sell at horizon

5-year hold

• IRR: -15.5%
• Equity multiple: 0.45×
• Total profit: $-42,681
• Equity at exit: $41,003

10-year hold

• IRR: -6.4%
• Equity multiple: 0.58×
• Total profit: $-32,319
• Equity at exit: $23,777

Cash invested: $77,000 (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 32720

• Rents YoY: 3.4%
• Active inventory: 444
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,349 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$283 /mo · $3,392/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$493
• Net cashflow: $16

Break-even live

Break-even rent $2,328

Max offer price $275,000

Occupancy floor 94%

Sensitivity live

Price	-10% $172	-5% $94	+0% $16	+5% $-62	+10% $-140
Rent	-10% $-169	-5% $-77	+0% $16	+5% $109	+10% $202
Rate	-1.0pp $155	-0.5pp $86	base $16	+0.5pp $-55	+1.0pp $-128

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
313 Heritage Estates Ln Deland, FL	3.0	2.0	1459	$2,509	$1.72	25d	1	0.20mi
703 W Chelsea St Deland, FL	3.0	2.0	1000	$1,695	$1.70	16d	1	0.83mi
737 S Stone St Deland, FL	3.0	1.5	1050	$1,695	$1.61	25d	1	0.92mi
118 E Volusia Ave Deland, FL	3.0	2.5	1684	$2,500	$1.48	25d	1	0.92mi
1322 Inkberry Cir Deland, FL	3.0	2.0	1343	$2,550	$1.90	12d	1	1.10mi
611 S Boundary Ave DeLand, FL	3.0	2.0	1423	$1,200	$0.84	13d	1	1.17mi
117 Pine Shade Ct Deland, FL	3.0	2.0	1842	$2,395	$1.30	16d	1	1.20mi
500 S Dexter Ave DeLand, FL	5.0	2.0	1830	$1,300	$0.71	16d	1	1.38mi

Listing history 39 events

1. 2026-06-22
   days on market $275,000 Active 136 DOM
2. 2026-06-18
   days on market $275,000 Active 133 DOM
3. 2026-06-17
   days on market $275,000 Active 132 DOM
4. 2026-06-16
   days on market $275,000 Active 131 DOM
5. 2026-06-15
   days on market $275,000 Active 130 DOM
6. 2026-06-14
   days on market $275,000 Active 128 DOM
7. 2026-06-10
   days on market $275,000 Active 125 DOM
8. 2026-06-09
   days on market $275,000 Active 124 DOM
9. 2026-06-08
   days on market $275,000 Active 123 DOM
10. 2026-06-07
    days on market $275,000 Active 122 DOM
11. 2026-06-05
    days on market $275,000 Active 119 DOM
12. 2026-06-03
    days on market $275,000 Active 118 DOM
13. 2026-06-03
    days on market $275,000 Active 117 DOM
14. 2026-06-01
    days on market $275,000 Active 116 DOM
15. 2026-05-31
    days on market $275,000 Active 115 DOM
16. 2026-05-31
    days on market $275,000 Active 114 DOM
17. 2026-05-02
    price $275,000 895-char remark

    Show marketing remark (901 chars)

    Move-in ready, energy-efficient, and built for peace of mind. This beautiful 4-bedroom, 2.5-bath block home in DeLand offers a new roof installed in 2023, a brand-new HVAC system, and solar panels that are paid in full, helping keep utility costs low from day one. Tucked away in a quiet no-HOA neighborhood, the home sits high and dry while still being just minutes from Stetson University, historic downtown DeLand, and major highways for easy commuting. Inside, you’ll find tile flooring throughout and a well-designed layout with two en-suite bedrooms. The spacious primary suite features a jetted tub, creating a relaxing space to unwind. Outside, the fully fenced yard provides plenty of room to enjoy Florida living, complete with a backyard deck, screened side porch, and a large shed for extra storage. Comfortable, convenient, and easy to love, this home is ready for its next chapter.

18. 2026-05-02
    price $275,000 901-char remark

    Show marketing remark (901 chars)

    Move-in ready, energy-efficient, and built for peace of mind. This beautiful 4-bedroom, 2.5-bath block home in DeLand offers a new roof installed in 2023, a brand-new HVAC system, and solar panels that are paid in full, helping keep utility costs low from day one. Tucked away in a quiet no-HOA neighborhood, the home sits high and dry while still being just minutes from Stetson University, historic downtown DeLand, and major highways for easy commuting. Inside, you’ll find tile flooring throughout and a well-designed layout with two en-suite bedrooms. The spacious primary suite features a jetted tub, creating a relaxing space to unwind. Outside, the fully fenced yard provides plenty of room to enjoy Florida living, complete with a backyard deck, screened side porch, and a large shed for extra storage. Comfortable, convenient, and easy to love, this home is ready for its next chapter.

19. 2026-03-07
    price $279,000 895-char remark

    Show marketing remark (901 chars)

    Move-in ready, energy-efficient, and built for peace of mind. This beautiful 4-bedroom, 2.5-bath block home in DeLand offers a new roof installed in 2023, a brand-new HVAC system, and solar panels that are paid in full, helping keep utility costs low from day one. Tucked away in a quiet no-HOA neighborhood, the home sits high and dry while still being just minutes from Stetson University, historic downtown DeLand, and major highways for easy commuting. Inside, you’ll find tile flooring throughout and a well-designed layout with two en-suite bedrooms. The spacious primary suite features a jetted tub, creating a relaxing space to unwind. Outside, the fully fenced yard provides plenty of room to enjoy Florida living, complete with a backyard deck, screened side porch, and a large shed for extra storage. Comfortable, convenient, and easy to love, this home is ready for its next chapter.

20. 2026-03-07
    price $279,000 901-char remark

    Show marketing remark (901 chars)

    Move-in ready, energy-efficient, and built for peace of mind. This beautiful 4-bedroom, 2.5-bath block home in DeLand offers a new roof installed in 2023, a brand-new HVAC system, and solar panels that are paid in full, helping keep utility costs low from day one. Tucked away in a quiet no-HOA neighborhood, the home sits high and dry while still being just minutes from Stetson University, historic downtown DeLand, and major highways for easy commuting. Inside, you’ll find tile flooring throughout and a well-designed layout with two en-suite bedrooms. The spacious primary suite features a jetted tub, creating a relaxing space to unwind. Outside, the fully fenced yard provides plenty of room to enjoy Florida living, complete with a backyard deck, screened side porch, and a large shed for extra storage. Comfortable, convenient, and easy to love, this home is ready for its next chapter.

21. 2026-02-05
    listed $289,000 Active 895-char remark

    Show marketing remark (901 chars)

    Move-in ready, energy-efficient, and built for peace of mind. This beautiful 4-bedroom, 2.5-bath block home in DeLand offers a new roof installed in 2023, a brand-new HVAC system, and solar panels that are paid in full, helping keep utility costs low from day one. Tucked away in a quiet no-HOA neighborhood, the home sits high and dry while still being just minutes from Stetson University, historic downtown DeLand, and major highways for easy commuting. Inside, you’ll find tile flooring throughout and a well-designed layout with two en-suite bedrooms. The spacious primary suite features a jetted tub, creating a relaxing space to unwind. Outside, the fully fenced yard provides plenty of room to enjoy Florida living, complete with a backyard deck, screened side porch, and a large shed for extra storage. Comfortable, convenient, and easy to love, this home is ready for its next chapter.

22. 2026-02-05
    listed $289,000 Active 901-char remark

    Show marketing remark (901 chars)

    Move-in ready, energy-efficient, and built for peace of mind. This beautiful 4-bedroom, 2.5-bath block home in DeLand offers a new roof installed in 2023, a brand-new HVAC system, and solar panels that are paid in full, helping keep utility costs low from day one. Tucked away in a quiet no-HOA neighborhood, the home sits high and dry while still being just minutes from Stetson University, historic downtown DeLand, and major highways for easy commuting. Inside, you’ll find tile flooring throughout and a well-designed layout with two en-suite bedrooms. The spacious primary suite features a jetted tub, creating a relaxing space to unwind. Outside, the fully fenced yard provides plenty of room to enjoy Florida living, complete with a backyard deck, screened side porch, and a large shed for extra storage. Comfortable, convenient, and easy to love, this home is ready for its next chapter.

23. 2023-05-24
    soldstatus $254,900
24. 2023-05-19
    soldstatus $254,900 Closed
25. 2023-03-16
    status Pending
26. 2023-03-13
    price $254,900
27. 2023-02-22
    price $259,900
28. 2023-02-22
    status Active
29. 2023-02-08
    status Pending
30. 2023-01-28
    listed $250,000 Active
31. 2022-10-24
    status Pending
32. 2022-10-23
    historical
33. 2022-10-13
    status Active
34. 2022-08-25
    status Pending
35. 2022-08-16
    listed $250,000 Active
36. 2019-11-12
    historical
37. 2019-09-02
    status Active
38. 2019-07-24
    status Pending
39. 2019-07-15
    listed $161,900 Active

ⓘ 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: $3,392 · $283/mo
• Projected year-2 tax: $3,392 · $283/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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 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: $28,185
• − Mortgage interest: −$15,404
• − Property taxes: −$3,392
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,255
• − Management: −$2,255
• − Depreciation: −$8,000
• Taxable loss: −$4,495
• Est. tax savings @ 24.0%: +$1,079
• After-tax cash flow: $1,273/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 Southwest

• Score: 72/100
• State rank: #331
• US rank: #5773

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: DeLand Southwest, FL
• County: Volusia County · 556,871 people
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 36,259
• Household income: $68,830
• Rent vs Own: 30.5% rent · 69.5% own
• Severe rent burden: 1145.0

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: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 21% Black 11% Two or more races 9%
• Hispanic origin (detail): Mexican 6% Puerto Rican 9% Cuban 3%
• Common ancestry: Lithuanian 1% Slovak 1% Serbian 1%
• Foreign-born: 7% · Canada, Jamaica, Vietnam
• Languages at home: 85% English-only · Spanish 13%

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: ▼ -194.54%
• Current HPI: 330.7324
• Rent YoY: ▲ 3.36%
• 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

+69.9% since first listed

23 events — show timeline

• 2026-05-02 Price Changed $275,000 Daytona MLS
• 2026-05-02 Price Changed $275,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-07 Price Changed $279,000 Daytona MLS
• 2026-03-07 Price Changed $279,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-05 Listed $289,000 Daytona MLS
• 2026-02-05 Listed $289,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-24 Sold (Public Records) $254,900 Public Records
• 2023-05-19 Sold (MLS) $254,900 Stellar MLS as Distributed by MLS Grid
• 2023-03-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-03-13 Price Changed $254,900 Stellar MLS as Distributed by MLS Grid
• 2023-02-22 Price Changed $259,900 Stellar MLS as Distributed by MLS Grid
• 2023-02-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-02-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-01-28 Listed $250,000 Stellar MLS as Distributed by MLS Grid
• 2022-10-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-10-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-10-13 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-08-25 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-08-16 Listed $250,000 Stellar MLS as Distributed by MLS Grid
• 2019-11-12 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2019-09-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2019-07-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-07-15 Listed $161,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+10.3%/yr

Latest (2025): $3,392 · -1.3% YoY. Source: county tax records.