1367 Vine St · Daytona Beach, FL 32117

$175,000

3 bd · 2.0 ba · 1,283 sqft · Land · 461 Days on market

5,000 sqft lot $15/mo HOA · 1% of rent

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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 +25.7/30.0
• DSCR +8.6/10.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3 bedroom, 2 bath home was just set on the lot and is almost ready for you to move in. The buyer who had it under contract couldn't complete the purchase, which means you now have a rare second chance at a brand-new home that's never been lived in. You'll be responsible for adding skirting, connecting water, sewer, and electric, and finishing the driveway that already has a permit approved for a 20 x 20 pad. Once those final touches are in place, you'll have a complete, modern home on land you own, with a beautiful water view that makes it feel like a private retreat

Key facts

• 20x20 driveway
• View of the pond
• Own lot

Tags

• VIEW OF THE POND
• OWN LOT
• 20X20 DRIVEWAY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $175k.

Deal economics

• At list price, monthly cash flow is $418 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $154k (12.0% 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: schools D+, 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.
• Market conditions: Rents rising (+1.0%/yr); 332 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 39% of the median local income ($56k/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 $1k of loan paydown is wiped out by about $5k 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 461 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y ago; this cycle's ask has dropped $14k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $175k implies a 483% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 461 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 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?
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: 1.06% ✓
• Cap rate: 9.16%
• Cash-on-cash: 10.23%
• DSCR: 1.46
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.01% rent growth · sell at horizon

5-year hold

• IRR: -3.0%
• Equity multiple: 0.89×
• Total profit: $-5,464
• Equity at exit: $26,093

10-year hold

• IRR: 4.5%
• Equity multiple: 1.30×
• Total profit: $14,871
• Equity at exit: $15,131

Cash invested: $49,000 (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 32117

• Home prices YoY: -8.2%
• Rents YoY: 1.0%
• Active inventory: 332
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,851 high
• Mortgage (P&I): −$918
• Tax from tax record: −$39 /mo · $465/yr
• Insurance: −$73
• HOA: −$15
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $418

Break-even live

Break-even rent $1,322

Max offer price $175,000

Occupancy floor 72%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1216 Kennedy Rd Unit 10 Daytona Beach, FL	2.0	1.0	900	$975	$1.08	23d	1	0.24mi
1216 Kennedy Rd Unit 4 Daytona Beach, FL	2.0	1.0	900	$975	$1.08	14d	1	0.24mi
1262 Essex Rd Daytona Beach, FL	3.0	2.0	1500	$1,900	$1.27	23d	1	0.40mi
875 Derbyshire Rd Daytona Beach, FL	3.0	1.0–2.0	835	$1,299	$1.56	11d	11	0.43mi
1224 10th St Daytona Beach, FL	3.0	1.0	1284	$1,550	$1.21	14d	1	0.43mi
1013 Lewis Dr Daytona Beach, FL	3.0	1.5	1475	$1,850	$1.25	23d	1	0.63mi
660 8th St Daytona Beach, FL	2.0	1.0	900	$1,375	$1.53	23d	1	0.64mi
520 Zinfandel Dr Unit 1 Daytona Beach, FL	3.0	2.5	1463	$2,500	$1.71	23d	1	0.65mi
840 Center Ave Apt 75 Holly Hill, FL	2.0	1.0	900	$1,250	$1.39	23d	1	0.69mi
100 Windflower LN Daytona Beach, FL	1.0–3.0	1.0–2.0	1021	$2,516	$2.46	11d	63	0.71mi
101 Claysburg LN Holly Hill, FL	1.0–3.0	1.0–2.0	1163	$2,800	$2.41	14d	25	0.71mi
1012 Cadillac Dr Daytona Beach, FL	3.0	2.0	1353	$1,650	$1.22	23d	1	0.74mi
1014 Indian Oaks E Daytona Beach, FL	3.0	2.0	1500	$2,650	$1.77	23d	1	0.75mi
922 Lewis Dr Daytona Beach, FL	3.0	1.0	1034	$1,750	$1.69	23d	1	0.76mi
900 LPGA Blvd Daytona Beach, FL	1.0–2.0	1.0–2.0	885	$1,495	$1.69	14d	14	0.81mi
638 LPGA Blvd Unit B Daytona Beach, FL	3.0	2.0	1111	$2,490	$2.24	23d	1	0.88mi
430 Dorothy Ave Daytona Beach, FL	3.0	1.0	1103	$1,700	$1.54	14d	1	0.95mi
331 Clifton Ave Daytona Beach, FL	3.0	2.0	1355	$2,050	$1.51	23d	1	0.96mi
802 Lewis Dr Daytona Beach, FL	3.0	1.0	1223	$1,700	$1.39	23d	1	0.97mi
218 Center St Daytona Beach, FL	3.0	2.0	1234	$2,190	$1.77	21d	1	0.97mi
736 White St Daytona Beach, FL	3.0	2.0	1092	$1,799	$1.65	23d	1	1.01mi
595 Brentwood Dr Daytona Beach, FL	3.0	2.0	1869	$2,100	$1.12	14d	1	1.04mi
1017 Wicker Way Daytona Beach, FL	5.0	1.0–3.0	2136	$3,142	$1.47	11d	1	1.04mi
1559 Hammock Dr Unit B Holly Hill, FL	2.0	1.5	1100	$1,375	$1.25	14d	1	1.14mi
464 Brentwood Dr Daytona Beach, FL	1.0–2.0	1.0	850	$1,365	$1.61	11d	8	1.18mi
1600 Lpga Blvd Daytona Beach, FL	1.0–3.0	1.0–2.0	1045	$2,622	$2.51	11d	21	1.20mi
946 15th St Daytona Beach, FL	2.0	2.0	1010	$1,500	$1.49	23d	1	1.21mi
100 Navigator DR Daytona Beach, FL	1.0–3.0	1.0–2.0	1029	$1,808	$1.76	11d	25	1.25mi
1575 Megan Bay Cir Daytona Beach, FL	3.0	2.0	1232	$1,800	$1.46	23d	1	1.26mi
1563 Hancock Ln Daytona Beach, FL	2.0	2.0	912	$1,475	$1.62	11d	1	1.27mi
550 Ruth St Daytona Beach, FL	3.0	2.0	1114	$1,995	$1.79	11d	1	1.35mi
1512 Richmond Ave Unit 1546284P Daytona Beach, FL	3.0	2.0	1173	$3,226	$2.75	14d	1	1.36mi
601 Vera St Unit 601 Daytona Beach, FL	2.0	1.0	1113	$1,700	$1.53	23d	1	1.37mi
519 Colfax Dr Daytona Beach, FL	3.0	1.5	1288	$1,700	$1.32	23d	1	1.39mi
1851 Lpga Blvd Daytona Beach, FL	1.0–3.0	1.0–3.0	966	$2,516	$2.60	11d	49	1.39mi
1615 Derbyshire Rd Daytona Beach, FL	3.0	1.5	1000	$1,950	$1.95	14d	1	1.43mi
512 Fulton St Daytona Beach, FL	2.0	1.0	963	$1,600	$1.66	23d	1	1.44mi
1235 Alcazar St Daytona Beach, FL	3.0	2.0	1498	$2,100	$1.40	23d	1	1.46mi
921 Daytona Ave Unit A Daytona Beach, FL	2.0	1.0	1100	$1,775	$1.61	23d	1	1.48mi

HOA detail

• Monthly dues: $15 · $180/yr
• Likely covers: watersewerelectric

Listing history 13 events

1. 2025-05-30
   historical
2. 2025-03-14
   price $175,000

   Show marketing remark (578 chars)

   This 3 bedroom, 2 bath home was just set on the lot and is almost ready for you to move in. The buyer who had it under contract couldn't complete the purchase, which means you now have a rare second chance at a brand-new home that's never been lived in. You'll be responsible for adding skirting, connecting water, sewer, and electric, and finishing the driveway that already has a permit approved for a 20 x 20 pad. Once those final touches are in place, you'll have a complete, modern home on land you own, with a beautiful water view that makes it feel like a private retreat

3. 2025-03-14
   price $175,000 578-char remark

   Show marketing remark (578 chars)

   This 3 bedroom, 2 bath home was just set on the lot and is almost ready for you to move in. The buyer who had it under contract couldn't complete the purchase, which means you now have a rare second chance at a brand-new home that's never been lived in. You'll be responsible for adding skirting, connecting water, sewer, and electric, and finishing the driveway that already has a permit approved for a 20 x 20 pad. Once those final touches are in place, you'll have a complete, modern home on land you own, with a beautiful water view that makes it feel like a private retreat

4. 2025-02-22
   listed $189,000 Active

   Show marketing remark (578 chars)

   This 3 bedroom, 2 bath home was just set on the lot and is almost ready for you to move in. The buyer who had it under contract couldn't complete the purchase, which means you now have a rare second chance at a brand-new home that's never been lived in. You'll be responsible for adding skirting, connecting water, sewer, and electric, and finishing the driveway that already has a permit approved for a 20 x 20 pad. Once those final touches are in place, you'll have a complete, modern home on land you own, with a beautiful water view that makes it feel like a private retreat

5. 2025-02-22
   listed $189,000 Active 578-char remark

   Show marketing remark (578 chars)

   This 3 bedroom, 2 bath home was just set on the lot and is almost ready for you to move in. The buyer who had it under contract couldn't complete the purchase, which means you now have a rare second chance at a brand-new home that's never been lived in. You'll be responsible for adding skirting, connecting water, sewer, and electric, and finishing the driveway that already has a permit approved for a 20 x 20 pad. Once those final touches are in place, you'll have a complete, modern home on land you own, with a beautiful water view that makes it feel like a private retreat

6. 2022-08-17
   soldstatus $30,000 Closed
7. 2022-08-04
   historical Contingent
8. 2021-12-06
   price $35,000
9. 2021-06-30
   status Active
10. 2021-05-08
    historical Contingent
11. 2020-01-09
    price $50,000
12. 2019-09-16
    listed $60,000 Active
13. 2005-08-02
    soldstatus $43,000

ⓘ 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: $465 · $39/mo
• Projected year-2 tax: $1,452 · $121/mo
• Expected delta: +$988/yr (+$82/mo · 212.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 6 d/yr ≥104°F today · 17 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: $22,208
• − Mortgage interest: −$9,803
• − Property taxes: −$465
• − Insurance: −$875
• − Repairs & maintenance: −$1,777
• − Management: −$1,777
• − HOA: −$180
• − Depreciation: −$5,091
• Taxable income: $2,241
• Est. tax owed @ 24.0%: −$538
• After-tax cash flow: $4,474/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): 30,955
• Household income: $56,419
• Rent vs Own: 52.3% rent · 47.7% own
• Severe rent burden: 1781.0

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 0.63)
• Race & ethnicity: White 53% Black 27% Hispanic / Latino 10% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 2% Lithuanian 2% Slovak 1%
• Foreign-born: 8% · Canada, Vietnam, Jamaica
• Languages at home: 86% English-only · Spanish 8% Vietnamese 1% Other Indo-European 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: ▼ -96.62%
• Current HPI: 1084.54
• Rent YoY: ▲ 1.01%
• 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

+307.0% since first listed

13 events — show timeline

• 2025-05-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-03-14 Price Changed $175,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-14 Price Changed $175,000 Daytona MLS
• 2025-02-22 Listed $189,000 Daytona MLS
• 2025-02-22 Listed $189,000 Stellar MLS as Distributed by MLS Grid
• 2022-08-17 Sold (MLS) $30,000 Daytona MLS
• 2022-08-04 Contingent — Daytona MLS
• 2021-12-06 Price Changed $35,000 Daytona MLS
• 2021-06-30 Relisted — Daytona MLS
• 2021-05-08 Contingent — Daytona MLS
• 2020-01-09 Price Changed $50,000 Daytona MLS
• 2019-09-16 Listed $60,000 Daytona MLS
• 2005-08-02 Sold (Public Records) $43,000 Public Records

Property tax history

+6.9%/yr

Latest (2025): $465 · -0.5% YoY. Source: county tax records.