141 W Connecticut Ave · Edgewater, FL 32132

$324,900

3 bd · 2.0 ba · 1,953 sqft · SingleFamily public records · 42 Days on market

Built 1971 0.36 ac lot

---

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 +13.1/30.0
• ARV discount +7.5/15.0
• DSCR +3.9/10.0
• Schools +3.9/10.0
• 1% rule +3.8/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this cement block, well-maintained 3-bedroom, 2-bath home in the heart of Edgewater! Step inside to discover versatile living spaces, including a spacious 33' x 14' flex room with its own bathroom and meal prep area—separated by French doors—offering endless possibilities. This flexible space is perfect for extended family, guests, or even as a private office. The open kitchen is designed for both convenience and style, featuring a breakfast bar, and a dedicated dining area. Beautiful laminate flooring flows throughout the home, adding a touch of warmth and easy maintenance. Enjoy outdoor living on the expansive covered front porch (26' x 8'), or head to the over-size

Key facts

• Covered front porch
• Shed workshop
• Meal prep area

Tags

• FLEX ROOM
• MEAL PREP AREA
• COVERED FRONT PORCH
• FENCED BACKYARD
• SHED WORKSHOP
• BOAT RAMP

Property features AI

Finance

• Other: Property type: Residential, single family; Lot size about 0.36 acres (0.25–0.5 acre range); Zoning: 07R3
• HOA & community: Located in the Edgewater Acres development

Exterior

• Parking: Driveway
• Utilities: Electricity connected; Public sewer; Water connected
• Home design: Single family residence; One story; North-facing
• Construction: Concrete construction; Shingle roof; Slab foundation; Built area approximately 1,953 living / 2,236 total (public records)
• Exterior features: Sliding doors; Storage; Wood fencing; Asphalt road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $-14 ($-165/yr) — negative.
• To cash-flow at today's rent, offer at most $322k (0.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $285k (12.4% below list).
• Recommended offer: $285k (12.4% below list) — sets the bar for 1% rule.

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: 95 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k 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 42 days — a 3% lower offer ($315k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $124k; list at $325k implies a 162% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $284,604 (12.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.88% ✗
• Cap rate: 6.24%
• Cash-on-cash: -0.18%
• DSCR: 0.99
• GRM: 9.5

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: -16.6%
• Equity multiple: 0.41×
• Total profit: $-53,471
• Equity at exit: $48,444

10-year hold

• IRR: -8.3%
• Equity multiple: 0.48×
• Total profit: $-47,473
• Equity at exit: $28,091

Cash invested: $90,972 (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 32132

• Home prices YoY: -20.1%
• Active inventory: 95
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,846 medium
• Mortgage (P&I): −$1,704
• Tax from tax record: −$423 /mo · $5,075/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$598
• Net cashflow: $-14

Break-even live

Break-even rent $2,863

Max offer price $322,470

Occupancy floor 95%

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: $81,225
• Closing costs: $9,747
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
308 Wildwood Dr Edgewater, FL	3.0	2.0	1485	$2,195	$1.48	18d	1	0.84mi
1405 S Riverside Dr Edgewater, FL	3.0	2.5	2100	$4,500	$2.14	23d	1	0.85mi
120 Hardin Pl Edgewater, FL	3.0	2.0	1455	$2,075	$1.43	14d	1	1.04mi
1822 Royal Palm Dr Edgewater, FL	3.0	2.0	1400	$1,620	$1.16	14d	1	1.31mi

Listing history 19 events

1. 2026-06-18
   days on market $324,900 Active 42 DOM
2. 2026-06-17
   days on market $324,900 Active 41 DOM
3. 2026-06-16
   days on market $324,900 Active 40 DOM
4. 2026-06-15
   days on market $324,900 Active 39 DOM
5. 2026-06-14
   pricedays on market $324,900 Active 37 DOM
6. 2026-06-10
   days on market $332,900 Active 34 DOM
7. 2026-06-09
   days on market $332,900 Active 33 DOM
8. 2026-06-08
   days on market $332,900 Active 32 DOM
9. 2026-06-07
   days on market $332,900 Active 31 DOM
10. 2026-06-05
    days on market $332,900 Active 28 DOM
11. 2026-06-03
    days on market $332,900 Active 27 DOM
12. 2026-06-03
    pricedays on market $332,900 Active 26 DOM
13. 2026-06-01
    days on market $344,900 Active 25 DOM
14. 2026-05-31
    days on market $344,900 Active 24 DOM
15. 2026-05-31
    days on market $344,900 Active 23 DOM
16. 2026-05-07
    listed $344,900 Active 1287-char remark
17. 2021-07-07
    soldstatus $123,992
18. 2004-06-29
    soldstatus $120,000
19. 1983-02-01
    soldstatus $36,000

ⓘ 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: $5,075 · $423/mo
• Projected year-2 tax: $5,075 · $423/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 6/10 Major FEMA zone X (unshaded) · 71% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 22 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $34,152
• − Mortgage interest: −$18,199
• − Property taxes: −$5,075
• − Insurance: −$1,624
• − Repairs & maintenance: −$2,732
• − Management: −$2,732
• − Depreciation: −$9,452
• Taxable loss: −$5,663
• Est. tax savings @ 24.0%: +$1,359
• After-tax cash flow: $1,194/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 — 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

• Census place: Edgewater, FL
• City population: 18,726
• Population (ZIP): 8,132

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% Two or more races 6% Hispanic / Latino 5% Black 1%
• Hispanic origin (detail): Puerto Rican 1% Cuban 2%
• Common ancestry: Lithuanian 4% Romanian 3% Estonian 2%
• Foreign-born: 7% · Canada
• Languages at home: 95% English-only · Other Indo-European 3% Spanish 2%

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: ▼ -92.25%
• Current HPI: 366.8512
• Rent YoY: —
• Metro: —
• 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

+802.5% since first listed

6 events — show timeline

• 2026-06-12 Price Changed $324,900 Stellar MLS as Distributed by MLS Grid
• 2026-06-01 Price Changed $332,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-07 Listed $344,900 Stellar MLS as Distributed by MLS Grid
• 2021-07-07 Sold (Public Records) $123,992 Public Records
• 2004-06-29 Sold (Public Records) $120,000 Public Records
• 1983-02-01 Sold (Public Records) $36,000 Public Records

Property tax history

+22.6%/yr

Latest (2025): $5,075 · -3.4% YoY. Source: county tax records.