937 Benecia Ave · Daytona Beach, FL 32114

$94,900

2 bd · 1.0 ba · 988 sqft · SingleFamily public records · 11 Days on market

Built 1950 9,583 sqft lot

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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
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

INVESTOR SPECIAL! Cash only opportunity in Daytona Beach. This 3-bedroom, 1-bath concrete block home sits on a large 10,018 sq ft lot and is ready for a complete renovation. Property needs extensive repairs and updates throughout and is being sold as-is. Excellent value-add opportunity for investors, flippers, or builders looking for their next project. Convenient location near major roads, shopping, schools, and employment centers. Home features approximately 988 square feet of living space and was built in 1950. Large lot provides plenty of potential for improvement and future value. Cash buyers only. Seller has never occupied the property. Buyer responsible for verifying all information

Key facts

• Complete renovation
• Large lot
• Convenient location

Tags

• LARGE LOT
• CONVENIENT LOCATION
• COMPLETE RENOVATION
• VALUE-ADD OPPORTUNITY

Property features AI

Finance

• Other: Pets allowed
• Financial info: Investor or rental-specific financial details not provided
• HOA & community: No HOA information provided

Exterior

• Parking: Detached parking
• Security: No specific security features provided
• Utilities: Public water; Electricity available; Sewer available; Water available
• Home design: Single-family residence; One story; Residential property listed as a fixer
• Construction: Block foundation; Built details not provided
• Exterior features: Patio; Chain link fenced yard; Shingle roof; Paved road access

Interior

• Kitchen: Refrigerator; Gas cooktop
• Bedrooms: Details not provided
• Flooring: Hardwood; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating; No cooling
• Interior features: Unfurnished; Hardwood and wood floors; 5 total rooms
• Laundry & utility: No specific laundry details provided

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $5 ($63/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).

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: 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: Turie T. Small Elementary School (math 35% / reading 29%, grade F, #1,797 of 2,144 statewide, top 86%, 383 students, 91% FRL); Campbell Middle School (math 28% / reading 30%, grade F, #479 of 571 statewide, top 84%, 855 students, 80% FRL); Spruce Creek High School (math 37% / reading 61%, grade D, #193 of 667 statewide, top 29%, 2,569 students, 37% FRL) — zoned schools average 69% FRL vs 51% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.6%/yr); 317 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• This rent runs 40% of the median local income ($42k/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 $656 of loan paydown is wiped out by about $3k 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

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $12k; list at $95k implies a 691% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $94,900

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.47% ✓
• Cap rate: 11.75%
• Cash-on-cash: 19.50%
• DSCR: 1.87
• GRM: 5.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.57% rent growth · sell at horizon

5-year hold

• IRR: -14.5%
• Equity multiple: 0.48×
• Total profit: $-13,945
• Equity at exit: $14,150

10-year hold

• IRR: -3.9%
• Equity multiple: 0.73×
• Total profit: $-7,176
• Equity at exit: $8,205

Cash invested: $26,572 (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 32114

• Home prices YoY: -21.8%
• Rents YoY: 3.6%
• Active inventory: 317
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,397 high
• Mortgage (P&I): −$498
• Tax from tax record: −$135 /mo · $1,619/yr
• Insurance: −$40
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $5

Break-even live

Break-even rent $1,391

Max offer price $94,900

Occupancy floor 95%

Sensitivity live

Price	-10% $59	-5% $32	+0% $5	+5% $-22	+10% $-48
Rent	-10% $-105	-5% $-50	+0% $5	+5% $60	+10% $116
Rate	-1.0pp $53	-0.5pp $29	base $5	+0.5pp $-19	+1.0pp $-44

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
908 Lora St Unit A Daytona Beach, FL	2.0	1.0	775	$1,300	$1.68	25d	1	0.14mi
940 Lockhart St Daytona Beach, FL	3.0	2.0	1071	$1,850	$1.73	20d	1	0.14mi
751 Bellevue Ave Unit 1 Daytona Beach, FL	2.0	1.0	816	$1,390	$1.70	25d	1	0.23mi
886 S Nova Rd Daytona Beach, FL	1.0–2.0	1.0	685	$1,260	$1.84	12d	10	0.36mi
1220 S Nova Rd Daytona Beach, FL	1.0	1.0	576	$955	$1.66	12d	11	0.52mi
311 Country Club Oval Unit 311-208 Daytona Beach, FL	1.0	1.0	578	$1,095	$1.89	25d	1	0.79mi
311 Country Club Oval Unit 311-203 Daytona Beach, FL	1.0	1.0	578	$1,250	$2.16	25d	1	0.79mi
311 Country Club Oval Unit 311-112 Daytona Beach, FL	2.0	1.0	940	$1,375	$1.46	16d	1	0.79mi
313 Country Club Oval Unit 313-4 Daytona Beach, FL	1.0	1.0	650	$1,250	$1.92	25d	1	0.81mi
422 Henry Butts Dr Daytona Beach, FL	1.0	1.0	851	$875	$1.03	25d	1	0.82mi
538 Park Dr Daytona Beach, FL	2.0	1.0	600	$1,400	$2.33	25d	1	0.88mi
315 Wilder Blvd Daytona Beach, FL	2.0	1.0	850	$1,075	$1.26	25d	1	0.88mi
700 Northern Rd Unit 728 South Daytona, FL	1.0	1.0	774	$1,240	$1.60	25d	1	0.89mi
528 Park Dr Daytona Beach, FL	2.0	1.0	600	$1,600	$2.67	25d	1	0.89mi
1350 Virginia Ave Apt 17 Daytona Beach, FL	2.0	2.0	950	$1,399	$1.47	25d	1	0.91mi
1500 Virginia Ave Daytona Beach, FL	2.0	2.0	910	$1,475	$1.62	25d	1	0.95mi
417 Maple St Daytona Beach, FL	2.0	1.0	768	$850	$1.11	25d	1	0.96mi
1504 Virginia Ave Daytona Beach, FL	1.0–2.0	1.0–2.0	842	$1,650	$1.96	25d	3	0.98mi
1351 S Ridgewood Ave #26 Daytona Beach, FL	2.0	1.5	988	$1,285	$1.30	16d	1	1.00mi
350 Maple St Daytona Beach, FL	1.0	1.0	600	$900	$1.50	25d	1	1.01mi
633 S Palmetto Ave Daytona Beach, FL	1.0–2.0	1.0–2.0	661	$1,300	$1.97	25d	2	1.02mi
1401 S Palmetto Ave Daytona Beach, FL	1.0–2.0	1.0–2.0	890	$1,800	$2.02	25d	3	1.09mi
118 Cedar St Daytona Beach, FL	2.0	1.0	537	$1,870	$3.48	12d	28	1.10mi
342 S Segrave St Daytona Beach, FL	2.0	1.0	900	$1,125	$1.25	25d	1	1.13mi
1229 S Beach St Daytona Beach, FL	1.0–3.0	1.0–2.0	906	$1,565	$1.73	20d	1	1.14mi
860 Magnolia Ave Unit 3 Daytona Beach, FL	2.0	1.0	800	$1,300	$1.62	20d	1	1.15mi
719 S Beach St Unit 314B Daytona Beach, FL	1.0	1.0	715	$1,200	$1.68	25d	1	1.17mi
719 S Beach St Unit 304 Daytona Beach, FL	1.0	1.0	715	$1,250	$1.75	25d	1	1.17mi
1739 Eastern Rd South Daytona, FL	1.0	1.0	800	$1,099	$1.37	16d	1	1.18mi
500 S Beach St Unit K1 Daytona Beach, FL	2.0	1.0	750	$1,050	$1.40	16d	1	1.19mi
500 S Beach St Unit K2 Daytona Beach, FL	2.0	1.0	750	$1,050	$1.40	22d	1	1.19mi
213 Live Oak Ave Unit B Daytona Beach, FL	2.0	1.0	900	$1,285	$1.43	25d	1	1.20mi
213 Live Oak Ave Unit A Daytona Beach, FL	2.0	1.0	900	$1,255	$1.39	25d	1	1.20mi
1017 June Ter Lot 6 Daytona Beach, FL	2.0	1.0	700	$1,350	$1.93	25d	1	1.20mi
721 S Beach St Unit 115A Daytona Beach, FL	2.0	2.0	1025	$1,850	$1.80	16d	1	1.23mi
1620 S Palmetto Ave Unit 206 South Daytona, FL	2.0	1.0	850	$1,295	$1.52	22d	1	1.25mi
1620 S Palmetto Ave South Daytona, FL	1.0	1.0	750	$1,195	$1.59	25d	1	1.25mi
900 Boulder Dr South Daytona, FL	2.0	1.0	939	$1,850	$1.97	25d	1	1.30mi
1401 S Clyde Morris Blvd Daytona Beach, FL	1.0	1.0	576	$1,272	$2.21	25d	5	1.31mi
17 Kimberly Ct Daytona Beach, FL	2.0	2.0	896	$1,299	$1.45	25d	1	1.35mi

Listing history 7 events

1. 2026-06-22
   pricedays on market $94,900 Active 11 DOM
2. 2026-06-18
   days on market $104,900 Active 8 DOM
3. 2026-06-17
   days on market $104,900 Active 7 DOM
4. 2026-06-16
   days on market $104,900 Active 6 DOM
5. 2026-06-15
   days on market $104,900 Active 5 DOM
6. 2026-06-14
   remarks 699-char remark
7. 2026-06-14
   listed $104,900 Active 3 DOM

ⓘ 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: $1,619 · $135/mo
• Projected year-2 tax: $1,619 · $135/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 AE · 44% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $16,768
• − Mortgage interest: −$5,316
• − Property taxes: −$1,619
• − Insurance: −$5,593
• − Repairs & maintenance: −$1,341
• − Management: −$1,341
• − Depreciation: −$2,761
• Taxable loss: −$1,203
• Est. tax savings @ 24.0%: +$289
• After-tax cash flow: $352/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

• Census place: Daytona Beach, FL
• County: Volusia County · 556,871 people
• City population: 67,539
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 37,747
• Household income: $41,736
• Rent vs Own: 68.5% rent · 31.5% own
• Severe rent burden: 2772.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Black 45% White 36% Hispanic / Latino 11% Two or more races 7% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4%
• Common ancestry: Romanian 1% Slovak 1% Lithuanian 1%
• Foreign-born: 7% · Canada, South Korea
• Languages at home: 90% English-only · Spanish 7% Arabic 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: ▼ -75.93%
• Current HPI: 272.5149
• Rent YoY: ▲ 3.57%
• 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

+774.2% since first listed

2 events — show timeline

• 2026-06-09 Listed $104,900 Daytona MLS
• 1977-01-01 Sold (Public Records) $12,000 Public Records

Property tax history

+15.4%/yr

Latest (2023): $1,619 · +23.6% YoY. Source: county tax records.