812 Swallow Ln · Deltona, FL 32764

$205,000

2 bd · 2.0 ba · 1,184 sqft · Condo public records · 110 Days on market

Built 1982 $310/mo HOA

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Why this score? — see what drove the F 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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• Cash flow +3.1/30.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.5/10.0
• DSCR +0.0/10.0

Listing remarks MLS

COMPLETELY RENOVATED!! MOVE IN READY!! Kove Estate, a 55+ Co-Op community, friendly active environment offering resort-style living in a Gated Golf community a premier 55+ community in Osteen Fl. There is NO lot rent, as a share in the community conveys with the sale. LOW monthly HOA FEE. Over 1400 sq ft unit home features 2 bedrooms, 2 bathrooms, lots of natural light. Remodeled Open Kitchen with updated Countertops, Newer appliances, Breakfast Bar. Large OPEN Family Room, Dining Room. Over 300 Sq Ft Florida Room perfect for entertaining. New Flooring throughout, Updated Bathrooms, Newer Windows, Plantation Shutters, Mini Splits for Heat and Air, Newer Roof, Newer Water Heater, Full House Generator, Paver Driveway, Indoor laundry, Newly Added Screen room, attached storage and additional storage unit. Very well maintained. This home has it all and more. As a resident of The Kove Estate, you will enjoy free 9-hole golf, two pools (one heated), tennis courts, pickleball, community events, Clubhouse, Library, and Gated security. The community is conveniently located off SR415, minutes to Sanford, Deltona, New Smyrna Beach, close to shopping, dining, medical facilities, and attractions such as the Daytona International Speedway, the Kennedy Space Center, and the Orlando theme parks. This is a must see for anyone looking for a peaceful and convenient lifestyle. Water, Sewer and trash pickup is included in the LOW HOA. Call today to view!

Key facts

• New flooring
• Florida room
• Updated bathrooms

Tags

• GATED GOLF COMMUNITY
• REMODELED OPEN KITCHEN
• BREAKFAST BAR
• FLORIDA ROOM
• NEW FLOORING
• UPDATED BATHROOMS

🏢 Co-op / cooperative unit. The $205,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $205k.

Deal economics

• At list price, monthly cash flow is $-777 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $68k (66.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $132k (35.4% below list).
• Recommended offer: $68k (66.9% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 71/100 on livability (#381 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; 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: 85 active listings in the ZIP; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).

Forward outlook

• In year one you build about $22k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Volusia County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 110 days — a 9% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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: flood insurance adds $125/mo; HOA is 23% of rent.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $67,784 (66.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 110 days. Have you received any prior offers? Is the seller open to a 67% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. 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.
11. 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.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.65% ✗
• Cap rate: 2.48%
• Cash-on-cash: -13.62%
• DSCR: 0.39
• GRM: 12.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.1%
• Equity multiple: 2.09×
• Total profit: $62,447
• Equity at exit: $184,680

10-year hold

• IRR: 13.4%
• Equity multiple: 4.89×
• Total profit: $223,336
• Equity at exit: $398,270

Cash invested: $57,400 (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 32764

• Home prices YoY: 11.7%
• Active inventory: 85
• Price-to-rent: 12.9×

Monthly cashflow live

• Estimated rent: $1,325 medium
• Mortgage (P&I): −$1,075
• Tax from tax record: −$228 /mo · $2,732/yr
• Insurance: −$85
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$310
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $-777

Break-even live

Break-even rent $2,308

Max offer price $67,784

Occupancy floor —

Sensitivity live

Price	-10% $-661	-5% $-719	+0% $-777	+5% $-835	+10% $-893
Rent	-10% $-881	-5% $-829	+0% $-777	+5% $-724	+10% $-672
Rate	-1.0pp $-674	-0.5pp $-725	base $-777	+0.5pp $-830	+1.0pp $-884

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $310 · $3,720/yr
• Likely covers: watersewertrashpoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-18
   days on market $205,000 Active 110 DOM
2. 2026-06-17
   days on market $205,000 Active 109 DOM
3. 2026-06-16
   days on market $205,000 Active 108 DOM
4. 2026-06-15
   days on market $205,000 Active 107 DOM
5. 2026-06-14
   days on market $205,000 Active 105 DOM
6. 2026-06-10
   days on market $205,000 Active 102 DOM
7. 2026-06-09
   days on market $205,000 Active 101 DOM
8. 2026-06-08
   days on market $205,000 Active 100 DOM
9. 2026-06-07
   days on market $205,000 Active 99 DOM
10. 2026-06-05
    days on market $205,000 Active 96 DOM
11. 2026-06-03
    days on market $205,000 Active 95 DOM
12. 2026-06-03
    days on market $205,000 Active 94 DOM
13. 2026-06-01
    days on market $205,000 Active 93 DOM
14. 2026-05-31
    days on market $205,000 Active 92 DOM
15. 2026-05-31
    days on market $205,000 Active 91 DOM
16. 2026-02-28
    listed $205,000 Active 1456-char remark

    Show marketing remark (1456 chars)

    COMPLETELY RENOVATED!! MOVE IN READY!! Kove Estate, a 55+ Co-Op community, friendly active environment offering resort-style living in a Gated Golf community a premier 55+ community in Osteen Fl. There is NO lot rent, as a share in the community conveys with the sale. LOW monthly HOA FEE. Over 1400 sq ft unit home features 2 bedrooms, 2 bathrooms, lots of natural light. Remodeled Open Kitchen with updated Countertops, Newer appliances, Breakfast Bar. Large OPEN Family Room, Dining Room. Over 300 Sq Ft Florida Room perfect for entertaining. New Flooring throughout, Updated Bathrooms, Newer Windows, Plantation Shutters, Mini Splits for Heat and Air, Newer Roof, Newer Water Heater, Full House Generator, Paver Driveway, Indoor laundry, Newly Added Screen room, attached storage and additional storage unit. Very well maintained. This home has it all and more. As a resident of The Kove Estate, you will enjoy free 9-hole golf, two pools (one heated), tennis courts, pickleball, community events, Clubhouse, Library, and Gated security. The community is conveniently located off SR415, minutes to Sanford, Deltona, New Smyrna Beach, close to shopping, dining, medical facilities, and attractions such as the Daytona International Speedway, the Kennedy Space Center, and the Orlando theme parks. This is a must see for anyone looking for a peaceful and convenient lifestyle. Water, Sewer and trash pickup is included in the LOW HOA. Call today to view!

17. 2024-12-30
    soldstatus $198,000 Closed 14-char remark

    Show marketing remark (14 chars)

    Sold DATA only

18. 2024-12-16
    status Pending 14-char remark

    Show marketing remark (14 chars)

    Sold DATA only

19. 2024-12-16
    listed $198,000 Active 14-char remark

    Show marketing remark (14 chars)

    Sold DATA only

ⓘ 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: $2,732 · $228/mo
• Projected year-2 tax: $2,732 · $228/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 A · 75% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 21 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: $15,897
• − Mortgage interest: −$11,483
• − Property taxes: −$2,732
• − Insurance: −$2,528
• − Repairs & maintenance: −$1,272
• − Management: −$1,272
• − HOA: −$3,720
• − Depreciation: −$5,964
• Taxable loss: −$13,072
• Est. tax savings @ 24.0%: +$3,137
• After-tax cash flow: $-6,184/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 — Deltona

• Score: 71/100
• State rank: #381
• US rank: #6749

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 101,355
• Population (ZIP): 2,744

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 (87%)
• Race & ethnicity: White 87% Hispanic / Latino 7% Two or more races 6% Black 2%
• Hispanic origin (detail): Puerto Rican 2% Cuban 3%
• Common ancestry: Slovak 5% Lithuanian 3% Italian 3%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 94% English-only · Spanish 4% 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: ▲ 55.42%
• Current HPI: 531.22
• Rent YoY: —
• Metro: —
• 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

+3.5% since first listed

4 events — show timeline

• 2026-02-28 Listed $205,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-30 Sold (MLS) $198,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-12-16 Listed $198,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+21.2%/yr

Latest (2025): $2,732 · +521.8% YoY. Source: county tax records.