715 Neal St · New Smyrna Beach, FL 32168

$299,900

3 bd · 1.5 ba · 954 sqft · SingleFamily public records · 57 Days on market

Built 1929 8,122 sqft 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 +20.0/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +3.9/10.0
• Rent growth +3.9/5.0
• Schools +3.9/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits with this 1929 fixer-upper located in a desirable area just a short walk to the river and minutes from the beach. The main home offers 2 bedrooms and 2 bathrooms, plus a detached 1-car garage with an additional full bathroom and laundry area featuring a full-size stack washer/dryer and laundry sink. Situated near the N. Causeway Bridge for easy access to beachside and mainland amenities, and within walking distance to local favorite Blackbeard's Inn, famous for prime rib and seafood. The property is surrounded by some high-end homes, making it a great opportunity for renovation, investment, or creating your own coastal retreat. No HOA and a 30-day minimum rental policy offer flexibility for owners and investors alike. Home sits on a crawl space and is being offered below appraised value. Garage roof 2015, House roof, age unknown. Generator 2024.

Key facts

• Crawl space
• Laundry area
• No hoa

Tags

• DETACHED GARAGE
• LAUNDRY AREA
• FULL-SIZE STACK WASHER DRYER
• NO HOA
• 30-DAY MINIMUM RENTAL POLICY
• CRAWL SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $370 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $268k (10.5% below list).
• Recommended offer: $268k (10.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 69/100 on livability (#474 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment B; Watch: amenities F, commute F, health & safety 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 fast (+5.6%/yr); 601 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• This rent runs 42% of the median local income ($77k/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 $2k of loan paydown is wiped out by about $9k 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 57 days — a 3% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 4 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.
• Current owner paid $35k; list at $300k implies a 754% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1929 — 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→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $268,308 (10.5% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Built in 1929 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.89% ✗
• Cap rate: 7.78%
• Cash-on-cash: 5.29%
• DSCR: 1.24
• GRM: 9.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.6% rent growth · sell at horizon

5-year hold

• IRR: -5.6%
• Equity multiple: 0.79×
• Total profit: $-17,960
• Equity at exit: $44,716

10-year hold

• IRR: 6.5%
• Equity multiple: 1.54×
• Total profit: $45,267
• Equity at exit: $25,930

Cash invested: $83,972 (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 32168

• Home prices YoY: -27.0%
• Rents YoY: 5.6%
• Active inventory: 601
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $2,683 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$52 /mo · $618/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$563
• Net cashflow: $370

Break-even live

Break-even rent $2,214

Max offer price $299,900

Occupancy floor 81%

Sensitivity live

Price	-10% $540	-5% $455	+0% $370	+5% $-57	+10% $-160
Rent	-10% $158	-5% $264	+0% $370	+5% $476	+10% $582
Rate	-1.0pp $521	-0.5pp $447	base $370	+0.5pp $293	+1.0pp $214

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
159 Breezeway Ct #159 New Smyrna Beach, FL	2.0	2.0	967	$2,900	$3.00	24d	1	0.54mi
1054 Claudia St New Smyrna Beach, FL	2.0	2.0	1005	$1,750	$1.74	24d	1	0.61mi
315 N Causeway New Smyrna Beach, FL	2.0	2.0	1073	$2,300	$2.14	24d	2	0.97mi
7 Birdie Dr New Smyrna Beach, FL	2.0	2.0	1046	$2,600	$2.49	24d	1	1.15mi
14 Birdie Dr New Smyrna Beach, FL	2.0	2.0	1060	$1,775	$1.67	24d	1	1.18mi
458 Bouchelle Dr #101 New Smyrna Beach, FL	2.0	2.0	1068	$3,600	$3.37	24d	1	1.25mi
468 Bouchelle Dr New Smyrna Beach, FL	2.0	2.0	1072	$2,400	$2.24	24d	1	1.28mi
448 Bouchelle Dr New Smyrna Beach, FL	2.0	2.0	1068	$4,200	$3.93	24d	1	1.32mi
446 Bouchelle Dr #203 New Smyrna Beach, FL	2.0	2.0	1100	$3,200	$2.91	24d	1	1.34mi
444 Bouchelle Dr #201 New Smyrna Beach, FL	2.0	2.0	1068	$2,800	$2.62	24d	1	1.36mi

Listing history 8 events

1. 2026-04-14
   status Active 876-char remark

   Show marketing remark (876 chars)

   Opportunity awaits with this 1929 fixer-upper located in a desirable area just a short walk to the river and minutes from the beach. The main home offers 2 bedrooms and 2 bathrooms, plus a detached 1-car garage with an additional full bathroom and laundry area featuring a full-size stack washer/dryer and laundry sink. Situated near the N. Causeway Bridge for easy access to beachside and mainland amenities, and within walking distance to local favorite Blackbeard's Inn, famous for prime rib and seafood. The property is surrounded by some high-end homes, making it a great opportunity for renovation, investment, or creating your own coastal retreat. No HOA and a 30-day minimum rental policy offer flexibility for owners and investors alike. Home sits on a crawl space and is being offered below appraised value. Garage roof 2015, House roof, age unknown. Generator 2024.

2. 2026-04-14
   status Active 876-char remark

   Show marketing remark (876 chars)

   Opportunity awaits with this 1929 fixer-upper located in a desirable area just a short walk to the river and minutes from the beach. The main home offers 2 bedrooms and 2 bathrooms, plus a detached 1-car garage with an additional full bathroom and laundry area featuring a full-size stack washer/dryer and laundry sink. Situated near the N. Causeway Bridge for easy access to beachside and mainland amenities, and within walking distance to local favorite Blackbeard's Inn, famous for prime rib and seafood. The property is surrounded by some high-end homes, making it a great opportunity for renovation, investment, or creating your own coastal retreat. No HOA and a 30-day minimum rental policy offer flexibility for owners and investors alike. Home sits on a crawl space and is being offered below appraised value. Garage roof 2015, House roof, age unknown. Generator 2024.

3. 2026-03-30
   status Pending 876-char remark

   Show marketing remark (876 chars)

   Opportunity awaits with this 1929 fixer-upper located in a desirable area just a short walk to the river and minutes from the beach. The main home offers 2 bedrooms and 2 bathrooms, plus a detached 1-car garage with an additional full bathroom and laundry area featuring a full-size stack washer/dryer and laundry sink. Situated near the N. Causeway Bridge for easy access to beachside and mainland amenities, and within walking distance to local favorite Blackbeard's Inn, famous for prime rib and seafood. The property is surrounded by some high-end homes, making it a great opportunity for renovation, investment, or creating your own coastal retreat. No HOA and a 30-day minimum rental policy offer flexibility for owners and investors alike. Home sits on a crawl space and is being offered below appraised value. Garage roof 2015, House roof, age unknown. Generator 2024.

4. 2026-03-30
   status Pending 876-char remark

   Show marketing remark (876 chars)

   Opportunity awaits with this 1929 fixer-upper located in a desirable area just a short walk to the river and minutes from the beach. The main home offers 2 bedrooms and 2 bathrooms, plus a detached 1-car garage with an additional full bathroom and laundry area featuring a full-size stack washer/dryer and laundry sink. Situated near the N. Causeway Bridge for easy access to beachside and mainland amenities, and within walking distance to local favorite Blackbeard's Inn, famous for prime rib and seafood. The property is surrounded by some high-end homes, making it a great opportunity for renovation, investment, or creating your own coastal retreat. No HOA and a 30-day minimum rental policy offer flexibility for owners and investors alike. Home sits on a crawl space and is being offered below appraised value. Garage roof 2015, House roof, age unknown. Generator 2024.

5. 2026-03-11
   listed $299,900 Active 876-char remark

   Show marketing remark (876 chars)

   Opportunity awaits with this 1929 fixer-upper located in a desirable area just a short walk to the river and minutes from the beach. The main home offers 2 bedrooms and 2 bathrooms, plus a detached 1-car garage with an additional full bathroom and laundry area featuring a full-size stack washer/dryer and laundry sink. Situated near the N. Causeway Bridge for easy access to beachside and mainland amenities, and within walking distance to local favorite Blackbeard's Inn, famous for prime rib and seafood. The property is surrounded by some high-end homes, making it a great opportunity for renovation, investment, or creating your own coastal retreat. No HOA and a 30-day minimum rental policy offer flexibility for owners and investors alike. Home sits on a crawl space and is being offered below appraised value. Garage roof 2015, House roof, age unknown. Generator 2024.

6. 2026-03-11
   listed $299,900 Active 876-char remark

   Show marketing remark (876 chars)

   Opportunity awaits with this 1929 fixer-upper located in a desirable area just a short walk to the river and minutes from the beach. The main home offers 2 bedrooms and 2 bathrooms, plus a detached 1-car garage with an additional full bathroom and laundry area featuring a full-size stack washer/dryer and laundry sink. Situated near the N. Causeway Bridge for easy access to beachside and mainland amenities, and within walking distance to local favorite Blackbeard's Inn, famous for prime rib and seafood. The property is surrounded by some high-end homes, making it a great opportunity for renovation, investment, or creating your own coastal retreat. No HOA and a 30-day minimum rental policy offer flexibility for owners and investors alike. Home sits on a crawl space and is being offered below appraised value. Garage roof 2015, House roof, age unknown. Generator 2024.

7. 1989-04-01
   soldstatus $35,100
8. 1988-09-01
   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: $618 · $52/mo
• Projected year-2 tax: $2,489 · $207/mo
• Expected delta: +$1,871/yr (+$156/mo · 302.6%)

ⓘ 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) · 57% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 19 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: $32,197
• − Mortgage interest: −$16,799
• − Property taxes: −$618
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,576
• − Management: −$2,576
• − Depreciation: −$8,724
• Taxable loss: −$596
• Est. tax savings @ 24.0%: +$143
• After-tax cash flow: $4,588/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 — New Smyrna Beach

• Score: 69/100
• State rank: #474
• US rank: #8577

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Smyrna Beach, FL
• County: Volusia County · 556,871 people
• City population: 42,039
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 31,847
• Household income: $77,083
• Rent vs Own: 23.3% rent · 76.7% own
• Severe rent burden: 1139.0

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 (85%)
• Race & ethnicity: White 85% Hispanic / Latino 6% Black 5% Two or more races 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Romanian 4% Italian 3% Lithuanian 2%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 93% English-only · Spanish 5% 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: ▼ -129.58%
• Current HPI: 350.4259
• Rent YoY: ▲ 5.60%
• 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

+934.1% since first listed

8 events — show timeline

• 2026-04-14 Relisted — Daytona MLS
• 2026-04-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-30 Pending — Daytona MLS
• 2026-03-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-11 Listed $299,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-11 Listed $299,900 Daytona MLS
• 1989-04-01 Sold (Public Records) $35,100 Public Records
• 1988-09-01 Sold (Public Records) $29,000 Public Records

Property tax history

-0.5%/yr

Latest (2025): $618 · +3.2% YoY. Source: county tax records.