654 June Ter · DeLand, FL 32724

$130,000

3 bd · 2.0 ba · 854 sqft · Land · 30 Days on market

Built 2018 10,125 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

WHY RENT WHEN YOU CAN OWN - come take a look at this affordable home that just needs some finishing touches on the inside. This 3 bedroom 2 bathroom 2018 Manufactured home has never been lived in. If you are looking for two homes that would allow for family or in-laws to live next door, 646 June Terr (V4949054) is also being offered for sale. Investors - own two rentals next to each other - making management easy! Located in quiet area of DeLand!

Key facts

• 0.23 acre lot
• Built 2018
• Listed 30 days

Property features AI

Finance

• Other: Unfurnished; Living area about 854 sq ft (building area 998 sq ft)
• Financial info:
• HOA & community: Not in a development; No association indicated

Exterior

• Parking:
• Security:
• Utilities: Public water; Septic tank; Broadband/high-speed internet available; Cable available
• Home design: Manufactured home (single wide); One level; East-facing entry
• Construction: Metal frame construction; Metal roof; Crawlspace foundation; Built on a 0.23-acre lot (approx. 75 x 135)
• Exterior features: Exterior lighting; Paved road access

Interior

• Kitchen: No appliances included
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Solid wood cabinets; Split bedroom floor plan; Inside utility/additional room
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $130k.

Deal economics

• At list price, monthly cash flow is $855 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $128k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#498 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, crime B; Watch: schools D+, 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.
• Market conditions: Rents rising (+2.8%/yr); 662 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).
• This rent runs 34% of the median local income ($74k/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 $899 of loan paydown is wiped out by about $4k 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 + 2.8% rent growth), your $36k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $128,050 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.60% ✓
• Cap rate: 14.18%
• Cash-on-cash: 28.18%
• DSCR: 2.25
• GRM: 5.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.82% rent growth · sell at horizon

5-year hold

• IRR: 22.2%
• Equity multiple: 1.91×
• Total profit: $32,969
• Equity at exit: $19,383

10-year hold

• IRR: 30.1%
• Equity multiple: 3.67×
• Total profit: $97,132
• Equity at exit: $11,240

Cash invested: $36,400 (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 32724

• Rents YoY: 2.8%
• Active inventory: 662
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $2,078 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$51 /mo · $608/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$436
• Net cashflow: $855

Break-even live

Break-even rent $996

Max offer price $130,000

Occupancy floor 54%

Sensitivity live

Price	-10% $928	-5% $892	+0% $855	+5% $818	+10% $781
Rent	-10% $691	-5% $773	+0% $855	+5% $937	+10% $1,019
Rate	-1.0pp $920	-0.5pp $888	base $855	+0.5pp $821	+1.0pp $787

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
255 Tupelo Honey Cir Deland, FL	1.0–4.0	1.0–3.0	1516	$2,200	$1.45	5d	4	0.92mi
1077 Quail Dr DeLand, FL	2.0	2.0	1080	$1,600	$1.48	24d	1	0.94mi

Listing history 15 events

1. 2026-06-18
   days on market $130,000 Active 30 DOM
2. 2026-06-17
   days on market $130,000 Active 29 DOM
3. 2026-06-16
   days on market $130,000 Active 28 DOM
4. 2026-06-15
   days on market $130,000 Active 27 DOM
5. 2026-06-10
   days on market $130,000 Active 26 DOM
6. 2026-06-09
   days on market $130,000 Active 25 DOM
7. 2026-06-08
   days on market $130,000 Active 24 DOM
8. 2026-06-07
   days on market $130,000 Active 23 DOM
9. 2026-06-05
   days on market $130,000 Active 20 DOM
10. 2026-06-03
    days on market $130,000 Active 19 DOM
11. 2026-06-03
    days on market $130,000 Active 18 DOM
12. 2026-06-01
    days on market $130,000 Active 17 DOM
13. 2026-05-31
    days on market $130,000 Active 16 DOM
14. 2026-05-31
    days on market $130,000 Active 15 DOM
15. 2026-05-15
    listed $130,000 Active 451-char remark

ⓘ 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: $608 · $51/mo
• Projected year-2 tax: $1,079 · $90/mo
• Expected delta: +$471/yr (+$39/mo · 77.5%)

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

Taxation est. · year 1

• Rental income: $24,933
• − Mortgage interest: −$7,282
• − Property taxes: −$608
• − Insurance: −$650
• − Repairs & maintenance: −$1,995
• − Management: −$1,995
• − Depreciation: −$3,782
• Taxable income: $8,622
• Est. tax owed @ 24.0%: −$2,069
• After-tax cash flow: $8,189/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 — DeLand

• Score: 68/100
• State rank: #498
• US rank: #9197

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Volusia County · 556,871 people
• City population: 81,399
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 45,140
• Household income: $73,592
• Rent vs Own: 22.2% rent · 77.8% own
• Severe rent burden: 942.0

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: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 19% Two or more races 9% Black 6% Asian 1%
• Hispanic origin (detail): Mexican 9% Puerto Rican 5%
• Common ancestry: Romanian 2% Slovak 2% Lithuanian 2%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 14% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -215.80%
• Current HPI: 297.1837
• Rent YoY: ▲ 2.82%
• 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

2 events — show timeline

• 2026-06-15 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-15 Listed $130,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+71.8%/yr

Latest (2025): $608 · -1.7% YoY. Source: county tax records.