318 Hobart Ave · Daytona Beach, FL 32114

$189,999

4 bd · 3.0 ba · 1,742 sqft · Other public records · 15 Days on market

Built 1926 4,356 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 +27.7/30.0
• DSCR +9.7/10.0
• 1% rule +8.6/10.0
• 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 MLS

Discover this exceptional dual-living property that's perfect for savvy investors seeking strong cash flow and long-term appreciation in one of Florida's growing coastal markets. This charming 3-bedroom, 2-bathroom main residence features an attached private studio/in-law apartment complete with its own 1 bedroom, full kitchen, full bathroom, and separate private entrance — ideal for generating rental income while you live in (or manage) the primary home. The property has been extensively updated inside for peace of mind and immediate move-in/rental readiness: Newer roof, paint, plumbing, and electrical systems. Priced significantly below current appraisal for a fast sale, (where median home values hover around $335k-$360K, making this income-producer priced below appraisal very attractive). This is a rare chance to secure a high-yield property in a stable and appreciating market. Sold strictly AS IS with no seller concessions or repair credits the aggressive pricing already reflects tremendous value and built-in equity. Don't miss out on this income-producing gem properties like this move quickly! Contact us today to schedule a viewing before it's gone. Ideal for house hacking, long-term rentals, multi-generational living, or Airbnb potential (verifying local rules). Note: Seller financing up to 60 percent of purchase price.

Key facts

• Full kitchen
• Full bathroom
• Newer roof

Tags

• DUAL LIVING PROPERTY
• PRIVATE STUDIO APARTMENT
• FULL KITCHEN
• FULL BATHROOM
• SEPARATE PRIVATE ENTRANCE
• NEWER ROOF

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath other listed at $190k.

Deal economics

• At list price, monthly cash flow is $572 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $190k).
• Recommended offer: $187k (1.5% below list) — sets the bar for market timing.

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: Palm Terrace Elementary School (math 34% / reading 33%, grade F, #1,758 of 2,144 statewide, top 83%, 592 students, 83% FRL); Silver Sands Middle School (math 50% / reading 52%, grade C, #237 of 571 statewide, top 43%, 1,165 students, 54% FRL); Mainland High School (math 30% / reading 37%, grade F, #400 of 667 statewide, top 61%, 1,855 students, 64% FRL) — zoned schools average 67% FRL vs 51% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.6%/yr); 317 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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).
• At $2,589/mo this rent would consume 74% of the median local household income ($42k/yr) (locally 2772% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• At projected returns (-3.0% appreciation + 3.6% rent growth), your $53k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 21y 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

• Watch-outs: property tax is 2.5% of price; built in 1926 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $187,149 (1.5% below list)

Questions for the listing agent

1. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.36% ✓
• Cap rate: 9.91%
• Cash-on-cash: 12.91%
• DSCR: 1.57
• GRM: 6.1

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: 3.5%
• Equity multiple: 1.14×
• Total profit: $7,297
• Equity at exit: $28,329

10-year hold

• IRR: 13.7%
• Equity multiple: 2.13×
• Total profit: $60,054
• 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 32114

• Home prices YoY: -21.8%
• Rents YoY: 3.6%
• Active inventory: 317
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $2,589 high
• Mortgage (P&I): −$996
• Tax from tax record: −$398 /mo · $4,773/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$544
• Net cashflow: $572

Break-even live

Break-even rent $1,865

Max offer price $189,999

Occupancy floor 73%

Sensitivity live

Price	-10% $680	-5% $626	+0% $572	+5% $519	+10% $465
Rent	-10% $368	-5% $470	+0% $572	+5% $675	+10% $777
Rate	-1.0pp $668	-0.5pp $621	base $572	+0.5pp $523	+1.0pp $473

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 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
502 Rio Vista Ave Daytona Beach, FL	4.0	3.0	2031	$2,195	$1.08	26d	1	0.49mi
422 N Lincoln St Daytona Beach, FL	3.0	2.0	1354	$2,150	$1.59	26d	1	0.50mi
244 Lexington Dr Daytona Beach, FL	3.0	1.0	1099	$2,550	$2.32	17d	1	0.61mi
550 Ruth St Daytona Beach, FL	3.0	2.0	1114	$1,995	$1.79	13d	1	0.79mi
595 Brentwood Dr Daytona Beach, FL	3.0	2.0	1869	$2,100	$1.12	17d	1	0.92mi
241 Riverside Dr #410 Daytona Beach, FL	3.0	3.0	1922	$4,500	$2.34	26d	1	0.98mi
241 Riverside Dr #2610 Daytona Beach, FL	3.0	3.0	1922	$3,295	$1.71	23d	1	0.98mi
241 Riverside Dr #1710 Daytona Beach, FL	3.0	3.0	1922	$3,000	$1.56	26d	1	0.98mi
231 Riverside Dr #1210 Holly Hill, FL	3.0	3.0	2079	$4,200	$2.02	26d	1	0.99mi
231 Riverside Dr Unit 1509-1 Daytona Beach, FL	3.0	3.0	1922	$3,300	$1.72	21d	1	0.99mi
218 Center St Daytona Beach, FL	3.0	2.0	1234	$2,190	$1.77	23d	1	0.99mi
241 Riverside Dr Unit 1546408P Holly Hill, FL	3.0	3.0	1915	$4,994	$2.61	17d	1	1.01mi
122 S Peninsula Dr Daytona Beach, FL	4.0	2.0	1900	$1,695	$0.89	23d	1	1.03mi
100 Navigator DR Daytona Beach, FL	1.0–3.0	1.0–2.0	1029	$1,808	$1.76	13d	25	1.11mi
331 Clifton Ave Daytona Beach, FL	3.0	2.0	1355	$2,050	$1.51	26d	1	1.13mi
204 S Keech St Daytona Beach, FL	3.0	2.0	1641	$2,250	$1.37	26d	1	1.17mi
430 Dorothy Ave Daytona Beach, FL	3.0	1.0	1103	$1,700	$1.54	17d	1	1.24mi
520 Zinfandel Dr Unit 1 Daytona Beach, FL	3.0	2.5	1463	$2,500	$1.71	26d	1	1.38mi
519 Colfax Dr Daytona Beach, FL	3.0	1.5	1288	$1,700	$1.32	26d	1	1.39mi

Listing history 42 events

1. 2026-06-07
   listing id $189,999 Pending 15 DOM
2. 2026-03-03
   status Pending 1357-char remark

   Show marketing remark (1357 chars)

   Discover this exceptional dual-living property that's perfect for savvy investors seeking strong cash flow and long-term appreciation in one of Florida's growing coastal markets. This charming 3-bedroom, 2-bathroom main residence features an attached private studio/in-law apartment complete with its own 1 bedroom, full kitchen, full bathroom, and separate private entrance — ideal for generating rental income while you live in (or manage) the primary home. The property has been extensively updated inside for peace of mind and immediate move-in/rental readiness: Newer roof, paint, plumbing, and electrical systems. Priced significantly below current appraisal for a fast sale, (where median home values hover around $335k-$360K, making this income-producer priced below appraisal very attractive). This is a rare chance to secure a high-yield property in a stable and appreciating market. Sold strictly AS IS with no seller concessions or repair credits the aggressive pricing already reflects tremendous value and built-in equity. Don't miss out on this income-producing gem properties like this move quickly! Contact us today to schedule a viewing before it's gone. Ideal for house hacking, long-term rentals, multi-generational living, or Airbnb potential (verifying local rules). Note: Seller financing up to 60 percent of purchase price.

3. 2026-03-03
   status Pending

   Show marketing remark (1357 chars)

   Discover this exceptional dual-living property that's perfect for savvy investors seeking strong cash flow and long-term appreciation in one of Florida's growing coastal markets. This charming 3-bedroom, 2-bathroom main residence features an attached private studio/in-law apartment complete with its own 1 bedroom, full kitchen, full bathroom, and separate private entrance — ideal for generating rental income while you live in (or manage) the primary home. The property has been extensively updated inside for peace of mind and immediate move-in/rental readiness: Newer roof, paint, plumbing, and electrical systems. Priced significantly below current appraisal for a fast sale, (where median home values hover around $335k-$360K, making this income-producer priced below appraisal very attractive). This is a rare chance to secure a high-yield property in a stable and appreciating market. Sold strictly AS IS with no seller concessions or repair credits the aggressive pricing already reflects tremendous value and built-in equity. Don't miss out on this income-producing gem properties like this move quickly! Contact us today to schedule a viewing before it's gone. Ideal for house hacking, long-term rentals, multi-generational living, or Airbnb potential (verifying local rules). Note: Seller financing up to 60 percent of purchase price.

4. 2026-02-16
   listed $189,999 Active 1357-char remark

   Show marketing remark (1357 chars)

   Discover this exceptional dual-living property that's perfect for savvy investors seeking strong cash flow and long-term appreciation in one of Florida's growing coastal markets. This charming 3-bedroom, 2-bathroom main residence features an attached private studio/in-law apartment complete with its own 1 bedroom, full kitchen, full bathroom, and separate private entrance — ideal for generating rental income while you live in (or manage) the primary home. The property has been extensively updated inside for peace of mind and immediate move-in/rental readiness: Newer roof, paint, plumbing, and electrical systems. Priced significantly below current appraisal for a fast sale, (where median home values hover around $335k-$360K, making this income-producer priced below appraisal very attractive). This is a rare chance to secure a high-yield property in a stable and appreciating market. Sold strictly AS IS with no seller concessions or repair credits the aggressive pricing already reflects tremendous value and built-in equity. Don't miss out on this income-producing gem properties like this move quickly! Contact us today to schedule a viewing before it's gone. Ideal for house hacking, long-term rentals, multi-generational living, or Airbnb potential (verifying local rules). Note: Seller financing up to 60 percent of purchase price.

5. 2026-02-16
   listed $189,999 Active

   Show marketing remark (1357 chars)

   Discover this exceptional dual-living property that's perfect for savvy investors seeking strong cash flow and long-term appreciation in one of Florida's growing coastal markets. This charming 3-bedroom, 2-bathroom main residence features an attached private studio/in-law apartment complete with its own 1 bedroom, full kitchen, full bathroom, and separate private entrance — ideal for generating rental income while you live in (or manage) the primary home. The property has been extensively updated inside for peace of mind and immediate move-in/rental readiness: Newer roof, paint, plumbing, and electrical systems. Priced significantly below current appraisal for a fast sale, (where median home values hover around $335k-$360K, making this income-producer priced below appraisal very attractive). This is a rare chance to secure a high-yield property in a stable and appreciating market. Sold strictly AS IS with no seller concessions or repair credits the aggressive pricing already reflects tremendous value and built-in equity. Don't miss out on this income-producing gem properties like this move quickly! Contact us today to schedule a viewing before it's gone. Ideal for house hacking, long-term rentals, multi-generational living, or Airbnb potential (verifying local rules). Note: Seller financing up to 60 percent of purchase price.

6. 2025-10-15
   historical
7. 2025-04-24
   price $475,000
8. 2024-05-17
   listed $499,000 Active
9. 2023-10-17
   historical
10. 2023-08-17
    price $400,000
11. 2023-05-17
    status Active
12. 2023-05-06
    historical
13. 2023-02-06
    status Active
14. 2022-11-06
    listed $350,000 Active
15. 2022-11-03
    soldstatus $315,000
16. 2022-10-31
    soldstatus $315,000 Closed
17. 2022-09-16
    status Pending
18. 2022-09-10
    price $310,000
19. 2022-08-25
    price $300,000
20. 2022-07-25
    price $254,000
21. 2022-07-19
    price $259,900
22. 2022-07-08
    price $269,900
23. 2022-06-27
    listed $279,900 Active
24. 2022-04-19
    soldstatus $125,700
25. 2022-04-15
    soldstatus $125,700 Closed
26. 2022-03-21
    historical Contingent
27. 2022-02-08
    status Active
28. 2022-02-01
    historical Contingent
29. 2022-01-20
    price $125,700
30. 2021-11-05
    listed $149,900 Active
31. 2018-07-17
    soldstatus $60,000 Sold
32. 2018-07-03
    soldstatus $60,000
33. 2018-05-31
    status Pending
34. 2018-05-22
    status Active
35. 2018-05-20
    historical
36. 2018-05-04
    price $69,900
37. 2018-02-19
    listed $74,900 Active
38. 2006-05-31
    historical
39. 2005-10-31
    historical
40. 2005-08-31
    listed $189,900
41. 2005-08-09
    listed $159,900
42. 1991-10-01
    soldstatus $29,000

ⓘ 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: $4,773 · $398/mo
• Projected year-2 tax: $4,773 · $398/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 (shaded) · 52% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 20 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: $31,074
• − Mortgage interest: −$10,643
• − Property taxes: −$4,773
• − Insurance: −$950
• − Repairs & maintenance: −$2,486
• − Management: −$2,486
• − Depreciation: −$5,527
• Taxable income: $4,208
• Est. tax owed @ 24.0%: −$1,010
• After-tax cash flow: $5,858/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

+555.2% since first listed

41 events — show timeline

• 2026-03-03 Pending — Daytona MLS
• 2026-03-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-16 Listed $189,999 Daytona MLS
• 2026-02-16 Listed $189,999 Stellar MLS as Distributed by MLS Grid
• 2025-10-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-04-24 Price Changed $475,000 Stellar MLS as Distributed by MLS Grid
• 2024-05-17 Listed $499,000 Stellar MLS as Distributed by MLS Grid
• 2023-10-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-08-17 Price Changed $400,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-05-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-02-06 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-11-06 Listed $350,000 Stellar MLS as Distributed by MLS Grid
• 2022-11-03 Sold (Public Records) $315,000 Public Records
• 2022-10-31 Sold (MLS) $315,000 Stellar MLS as Distributed by MLS Grid
• 2022-09-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-09-10 Price Changed $310,000 Stellar MLS as Distributed by MLS Grid
• 2022-08-25 Price Changed $300,000 Stellar MLS as Distributed by MLS Grid
• 2022-07-25 Price Changed $254,000 Stellar MLS as Distributed by MLS Grid
• 2022-07-19 Price Changed $259,900 Stellar MLS as Distributed by MLS Grid
• 2022-07-08 Price Changed $269,900 Stellar MLS as Distributed by MLS Grid
• 2022-06-27 Listed $279,900 Stellar MLS as Distributed by MLS Grid
• 2022-04-19 Sold (Public Records) $125,700 Public Records
• 2022-04-15 Sold (MLS) $125,700 Daytona MLS
• 2022-03-21 Contingent — Daytona MLS
• 2022-02-08 Relisted — Daytona MLS
• 2022-02-01 Contingent — Daytona MLS
• 2022-01-20 Price Changed $125,700 Daytona MLS
• 2021-11-05 Listed $149,900 Daytona MLS
• 2018-07-17 Sold (MLS) $60,000 Stellar MLS as Distributed by MLS Grid
• 2018-07-03 Sold (Public Records) $60,000 Public Records
• 2018-05-31 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-05-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2018-05-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-05-04 Price Changed $69,900 Stellar MLS as Distributed by MLS Grid
• 2018-02-19 Listed $74,900 Stellar MLS as Distributed by MLS Grid
• 2006-05-31 Listing Removed — Daytona MLS
• 2005-10-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2005-08-31 Listed $189,900 Stellar MLS as Distributed by MLS Grid
• 2005-08-09 Listed $159,900 Daytona MLS
• 1991-10-01 Sold (Public Records) $29,000 Public Records

Property tax history

+20.7%/yr

Latest (2025): $4,773 · +0.1% YoY. Source: county tax records.