697 Eagle Watch Rd · Oak Hill, FL 32759

$190,000

4 bd · 2.0 ba · 1,426 sqft · Manufactured public records · 17 Days on market

Built 1972 1.11 ac 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 +24.8/30.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BACK ON MARKET & SWEETER AT $190,000 Buyer financing fell through, giving you a second chance at this 1.11-acre coastal handyman special with NO HOA in unincorporated Volusia County. THE BONUS: The private septic system was just serviced and completely PASSED inspection weeks ago, saving you time and cash! THE LAND & LIFESTYLE: Deep lot with historic live oaks bordered by Indian Creek. Cross your own backyard wooden footbridge to connect straight into River Breeze Park. You're less than 3 minutes to one of the county's premier public boat ramps for instant Mosquito Lagoon access. Total freedom to store your boat, RV, and toys. Zillow. THE POTENTIAL: Spacious 4BR/2BA double-wide with a massive wrap-around porch. Sold strictly AS-IS, it needs drywall and updates throughout. It's the ultimate blank canvas to build fast sweat equity or design your dream fishing camp. Private well water. High-and-dry potential under $200k near the coast doesn't last. Bring your tools and visio

Key facts

• Wrap-around porch
• Waterfront acreage
• No hoa

Tags

• WATERFRONT ACREAGE
• WRAP-AROUND PORCH
• PRIVATE WOODEN FOOTBRIDGE
• HISTORIC OLD-GROWTH LIVE OAKS
• NO HOA
• NATURAL WATER BOUNDARY

Property features AI

Finance

• Other: Property type: Residential mobile home (fixer); Zoning: MH-6W; Total acreage: Approximately 1.11 acres; Living area about 1,426 sq ft (public records); Building area total listed as 2,700 sq ft; Universal property ID available
• HOA & community: No homeowners association; Development: None

Exterior

• Parking: Driveway; RV access/parking; Carport (1 space); Attached garage
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Water connected; Sewer connected
• Home design: Mobile home (double wide); Single-story; Entry level: 1; Faces west; On waterfront (Indian Creek) with creek frontage
• Construction: Metal siding; Shingle roof; Built on stilts/on pilings
• Exterior features: Rear porch; Side porch; Gazebo; Shed(s); Wire fencing; Cleared and wooded with oak trees; Drainage canal on property; Level, oversized lot; Street dead-end; Unpaved/gravel road access; Public maintained road

Interior

• Kitchen: Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Wood flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $190k.

Deal economics

• At list price, monthly cash flow is $-25 ($-301/yr) — negative.
• To cash-flow at today's rent, offer at most $186k (2.3% below list).
• Meets the 1% rule at list price ($2k rent vs $190k).
• Recommended offer: $186k (2.3% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 71/100 on livability (#379 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, 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: Indian River Elementary School (math 57% / reading 55%, grade C+, #832 of 2,144 statewide, top 40%, 613 students, 61% FRL); New Smyrna Beach Middle School (math 43% / reading 43%, grade D-, #331 of 571 statewide, top 59%, 1,037 students, 53% 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 52% FRL track the district average.
• Market conditions: 88 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $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.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 26y ago; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $160k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; moderate 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 $185,569 (2.3% 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. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.11% ✓
• Cap rate: 8.83%
• Cash-on-cash: 9.06%
• DSCR: 1.40
• GRM: 7.5

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: -17.1%
• Equity multiple: 0.40×
• Total profit: $-32,117
• Equity at exit: $28,330

10-year hold

• IRR: -8.7%
• Equity multiple: 0.46×
• Total profit: $-28,933
• Equity at exit: $16,428

Cash invested: $53,200 (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 32759

• Home prices YoY: -2.5%
• Active inventory: 88
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,118 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$196 /mo · $2,353/yr
• Insurance: −$79
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$445
• Net cashflow: $-25

Break-even live

Break-even rent $2,150

Max offer price $185,569

Occupancy floor 96%

Sensitivity live

Price	-10% $82	-5% $29	+0% $-25	+5% $-79	+10% $-133
Rent	-10% $-192	-5% $-109	+0% $-25	+5% $59	+10% $142
Rate	-1.0pp $71	-0.5pp $23	base $-25	+0.5pp $-74	+1.0pp $-124

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
184 Fishermans Cove Dr Edgewater, FL	3.0	2.0	1695	$1,900	$1.12	25d	1	0.45mi
414 Sioux Blvd Oak Hill, FL	3.0	2.0	1842	$2,800	$1.52	25d	1	1.31mi

Listing history 22 events

1. 2026-06-22
   days on market $190,000 Active 17 DOM
2. 2026-06-18
   days on market $190,000 Active 14 DOM
3. 2026-06-17
   days on market $190,000 Active 13 DOM
4. 2026-06-16
   days on market $190,000 Active 12 DOM
5. 2026-06-15
   days on market $190,000 Active 11 DOM
6. 2026-06-14
   pricedays on market $190,000 Active 9 DOM
7. 2026-06-10
   pricestatusdays on market $199,990 Active 6 DOM

   Show marketing remark (999 chars)

   BACK ON MARKET & SWEETER AT $190,000 Buyer financing fell through, giving you a second chance at this 1.11-acre coastal handyman special with NO HOA in unincorporated Volusia County. THE BONUS: The private septic system was just serviced and completely PASSED inspection weeks ago, saving you time and cash! THE LAND & LIFESTYLE: Deep lot with historic live oaks bordered by Indian Creek. Cross your own backyard wooden footbridge to connect straight into River Breeze Park. You're less than 3 minutes to one of the county's premier public boat ramps for instant Mosquito Lagoon access. Total freedom to store your boat, RV, and toys. Zillow. THE POTENTIAL: Spacious 4BR/2BA double-wide with a massive wrap-around porch. Sold strictly AS-IS, it needs drywall and updates throughout. It's the ultimate blank canvas to build fast sweat equity or design your dream fishing camp. Private well water. High-and-dry potential under $200k near the coast doesn't last. Bring your tools and visio

8. 2026-05-20
   listed $205,000 Active
9. 2026-05-18
   listed $205,000 Active 991-char remark

   Show marketing remark (999 chars)

   BACK ON MARKET & SWEETER AT $190,000 Buyer financing fell through, giving you a second chance at this 1.11-acre coastal handyman special with NO HOA in unincorporated Volusia County. THE BONUS: The private septic system was just serviced and completely PASSED inspection weeks ago, saving you time and cash! THE LAND & LIFESTYLE: Deep lot with historic live oaks bordered by Indian Creek. Cross your own backyard wooden footbridge to connect straight into River Breeze Park. You're less than 3 minutes to one of the county's premier public boat ramps for instant Mosquito Lagoon access. Total freedom to store your boat, RV, and toys. Zillow. THE POTENTIAL: Spacious 4BR/2BA double-wide with a massive wrap-around porch. Sold strictly AS-IS, it needs drywall and updates throughout. It's the ultimate blank canvas to build fast sweat equity or design your dream fishing camp. Private well water. High-and-dry potential under $200k near the coast doesn't last. Bring your tools and visio

10. 2025-01-21
    soldstatus $160,000
11. 2025-01-17
    soldstatus $160,000 Closed 89-char remark

    Show marketing remark (89 chars)

    Bedroom 4 will be located using a connecting room or "hall-closet" in Bedroom 3

12. 2025-01-16
    soldstatus $160,000 Closed
13. 2024-12-11
    status Pending
14. 2024-12-10
    status Pending 89-char remark

    Show marketing remark (89 chars)

    Bedroom 4 will be located using a connecting room or "hall-closet" in Bedroom 3

15. 2024-10-22
    listed $175,000 Active 89-char remark

    Show marketing remark (89 chars)

    Bedroom 4 will be located using a connecting room or "hall-closet" in Bedroom 3

16. 2024-09-30
    listed $175,000 Active
17. 2001-01-25
    soldstatus $69,000
18. 2001-01-24
    soldstatus $69,000
19. 2001-01-24
    soldstatus $69,000
20. 2000-12-18
    listed $69,000
21. 2000-12-18
    listed $69,000
22. 1994-03-09
    soldstatus $10,000

ⓘ 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: $2,353 · $196/mo
• Projected year-2 tax: $2,353 · $196/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 20 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: $25,414
• − Mortgage interest: −$10,643
• − Property taxes: −$2,353
• − Insurance: −$6,068
• − Repairs & maintenance: −$2,033
• − Management: −$2,033
• − Depreciation: −$5,527
• Taxable loss: −$3,244
• Est. tax savings @ 24.0%: +$779
• After-tax cash flow: $478/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 — Oak Hill

• Score: 71/100
• State rank: #379
• US rank: #6740

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,941

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 (81%)
• Race & ethnicity: White 81% Black 12% Hispanic / Latino 4% Two or more races 2% Native American 1%
• Common ancestry: Slovak 3% Serbian 3% Iranian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 4%

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: ▼ -10.18%
• Current HPI: 397.7064
• 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

+1800.0% since first listed

23 events — show timeline

• 2026-06-10 Price Changed $190,000 Daytona MLS
• 2026-06-10 Price Changed $190,000 Stellar MLS as Distributed by MLS Grid
• 2026-06-10 Relisted — Daytona MLS
• 2026-06-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-06-10 Price Changed $199,990 Daytona MLS
• 2026-06-10 Price Changed $199,990 Stellar MLS as Distributed by MLS Grid
• 2026-05-25 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-25 Pending — Daytona MLS
• 2026-05-20 Listed $205,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-18 Listed $205,000 Daytona MLS
• 2025-01-21 Sold (Public Records) $160,000 Public Records
• 2025-01-17 Sold (MLS) $160,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-16 Sold (MLS) $160,000 Daytona MLS
• 2024-12-11 Pending — Daytona MLS
• 2024-12-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-10-22 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-30 Listed $175,000 Daytona MLS
• 2001-01-25 Sold (Public Records) $69,000 Public Records
• 2001-01-24 Sold (MLS) $69,000 Stellar MLS as Distributed by MLS Grid
• 2001-01-24 Sold (MLS) $69,000 NSBMLS
• 2000-12-18 Listed $69,000 Stellar MLS as Distributed by MLS Grid
• 2000-12-18 Listed $69,000 NSBMLS
• 1994-03-09 Sold (Public Records) $10,000 Public Records

Property tax history

+22.1%/yr

Latest (2025): $2,353 · +512.8% YoY. Source: county tax records.