143 Michigan Ave · Daytona Beach, FL 32114

$99,000

2 bd · 1.0 ba · 821 sqft · SingleFamily public records · 4 Days on market

Built 1928 3,770 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
• 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

Fixer-upper opportunity in Daytona Beach! This 2-bedroom, 1-bath home offers 821 square feet and is ready for renovation and updating. The property is being sold as-is. Great potential for an investor, contractor, or buyer looking to restore a property with character. Conveniently located near shopping, dining, major roadways, and the beach.

Key facts

• Ready for renovation
• 3,770 sq ft lot
• Built 1928

Tags

• FIXER-UPPER OPPORTUNITY
• READY FOR RENOVATION

Property features AI

Finance

• Other: Property type: Residential single family; Zoning: R1; Lot size approximately 0.09 acres; Living area approximately 821 square feet; Building area approximately 944 square feet; Universal property ID on file; Unfurnished
• Financial info: Tax information available
• HOA & community: No association indicated; Community: Daytona; Homestead exempt

Exterior

• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single family residence; One level; Faces north
• Construction: Stucco construction; Shingle roof; Block foundation; Built on a 0 to less than 1/4 acre lot
• Exterior features: Other exterior features; Asphalt road frontage

Interior

• Kitchen: No appliances included
• Bedrooms: 2 bedrooms
• Flooring: Tile flooring; Wood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Other interior features; Wood burning fireplace
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $152 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).

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 (+3.6%/yr); 310 active listings in the ZIP; 40 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).
• This rent runs 44% of the median local income ($42k/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 $684 of loan paydown is wiped out by about $3k 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

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 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.
• Current owner paid $68k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1928 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $99,000

Questions for the listing agent

1. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.54% ✓
• Cap rate: 13.30%
• Cash-on-cash: 25.03%
• DSCR: 2.11
• GRM: 5.4

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: -5.0%
• Equity multiple: 0.81×
• Total profit: $-5,248
• Equity at exit: $14,761

10-year hold

• IRR: 5.8%
• Equity multiple: 1.45×
• Total profit: $12,549
• Equity at exit: $8,560

Cash invested: $27,720 (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: 310
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,528 high
• Mortgage (P&I): −$519
• Tax from tax record: −$68 /mo · $818/yr
• Insurance: −$41
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $152

Break-even live

Break-even rent $1,336

Max offer price $99,000

Occupancy floor 85%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
507 N Ridgewood Ave Unit 4 Daytona Beach, FL	1.0	1.0	800	$900	$1.12	23d	1	0.14mi
209 Taylor Ave Unit 2 Daytona Beach, FL	3.0	1.0	970	$2,490	$2.57	23d	1	0.16mi
326 Hobart Ave Daytona Beach, FL	3.0	1.0	979	$2,150	$2.20	23d	1	0.23mi
244 Lexington Dr Daytona Beach, FL	3.0	1.0	1099	$2,550	$2.32	14d	1	0.40mi
424 N Charles St Daytona Beach, FL	2.0	1.0	650	$1,000	$1.54	23d	1	0.41mi
430 N Charles St Unit 2 Daytona Beach, FL	2.0	1.0	650	$1,000	$1.54	21d	1	0.42mi
430 N Charles St Unit 2 Daytona Beach, FL	2.0	1.0	650	$1,000	$1.54	14d	1	0.42mi
430 N Charles St Unit 2 Daytona Beach, FL	2.0	1.0	650	$1,000	$1.54	23d	1	0.42mi
115 Kingston Ave Daytona Beach, FL	1.0	1.0	600	$1,195	$1.99	23d	1	0.44mi
138 Kingston Ave Daytona Beach, FL	3.0	2.0	996	$1,900	$1.91	23d	1	0.46mi
171 Daytona Ave Daytona Beach, FL	2.0	2.0	835	$1,650	$1.98	23d	1	0.74mi
119 Thomasson Ave Daytona Beach, FL	2.0	1.0	851	$1,199	$1.41	11d	2	0.74mi
417 Jefferson St #1 Daytona Beach, FL	2.0	1.0	700	$1,890	$2.70	23d	1	0.79mi
145 S Halifax Ave Unit 2 Daytona Beach, FL	2.0	1.0	1000	$2,400	$2.40	23d	1	0.80mi
102 S Peninsula Dr Daytona Beach, FL	1.0	1.0	608	$1,195	$1.97	23d	1	0.81mi
127 S Peninsula Dr Unit 3 Daytona Beach, FL	1.0	1.0	588	$1,290	$2.19	23d	1	0.86mi
601 Vera St Unit 601 Daytona Beach, FL	2.0	1.0	1113	$1,700	$1.53	23d	1	0.87mi
411 N Halifax Ave #200 Daytona Beach, FL	2.0	2.0	766	$1,250	$1.63	23d	1	0.87mi
415 N Halifax Ave Daytona Beach, FL	2.0	1.0–2.0	811	$1,438	$1.77	21d	2	0.88mi
19 S Hollywood Ave Unit 4 Daytona Beach, FL	3.0	1.0	1000	$1,800	$1.80	23d	1	0.88mi
249 College Park Dr Daytona Beach, FL	2.0	1.0	1000	$1,425	$1.43	21d	1	0.90mi
21 S Hollywood Ave Unit 6 Daytona Beach, FL	2.0	1.0	800	$1,500	$1.88	14d	1	0.90mi
400 S Peninsula Dr Unit 2 Daytona Beach, FL	2.0	1.0	754	$1,300	$1.72	14d	1	0.91mi
149 S Hollywood Ave Unit 6 Daytona Beach, FL	1.0	1.0	850	$1,250	$1.47	23d	1	0.92mi
464 Brentwood Dr Daytona Beach, FL	1.0–2.0	1.0	850	$1,365	$1.61	11d	8	0.92mi
512 Fulton St Daytona Beach, FL	2.0	1.0	963	$1,600	$1.66	23d	1	0.95mi
215 N Oleander Ave Daytona Beach, FL	3.0	1.0	1026	$1,550	$1.51	21d	1	0.96mi
215 N Oleander Ave Daytona Beach, FL	3.0	1.0	1026	$1,550	$1.51	23d	1	0.96mi
117 S Wild Olive Ave Daytona Beach, FL	1.0	1.0	650	$1,400	$2.15	23d	1	0.99mi
236 N Oleander Ave Unit 2 Daytona Beach, FL	2.0	1.0	528	$1,450	$2.75	23d	1	0.99mi
550 Ruth St Daytona Beach, FL	3.0	2.0	1114	$1,995	$1.79	11d	1	1.00mi
411 N Oleander Ave Unit 3 Daytona Beach, FL	1.0	1.0	525	$1,100	$2.10	23d	1	1.00mi
124 S Noble St Unit 3 Daytona Beach, FL	1.0	1.0	600	$1,300	$2.17	11d	1	1.01mi
309 Oakridge Blvd #6 Daytona Beach, FL	2.0	1.0	904	$1,500	$1.66	23d	1	1.03mi
416 Goodall Ave Daytona Beach, FL	2.0	1.0	900	$1,600	$1.78	23d	1	1.04mi
515 Butler Blvd Unit A Daytona Beach, FL	2.0	2.0	1064	$2,000	$1.88	23d	1	1.05mi
515 Butler Blvd Unit B Daytona Beach, FL	2.0	2.5	1064	$2,000	$1.88	23d	1	1.05mi
900 S Peninsula Dr #113 Daytona Beach, FL	2.0	2.0	970	$1,350	$1.39	14d	1	1.06mi
900 S Peninsula Dr Daytona Beach, FL	2.0	2.0	970	$1,600	$1.65	23d	1	1.06mi
900 S Peninsula Dr #208 Daytona Beach, FL	2.0	1.0	841	$1,050	$1.25	23d	1	1.06mi

Listing history 3 events

1. 2026-05-15
   listed $99,000 Active 343-char remark

   Show marketing remark (345 chars)

   Fixer-upper opportunity in Daytona Beach! This 2-bedroom, 1-bath home offers 821 square feet and is ready for renovation and updating. The property is being sold as-is. Great potential for an investor, contractor, or buyer looking to restore a property with character. Conveniently located near shopping, dining, major roadways, and the beach.

2. 2026-05-15
   listed $99,000 Active 345-char remark

   Show marketing remark (345 chars)

   Fixer-upper opportunity in Daytona Beach! This 2-bedroom, 1-bath home offers 821 square feet and is ready for renovation and updating. The property is being sold as-is. Great potential for an investor, contractor, or buyer looking to restore a property with character. Conveniently located near shopping, dining, major roadways, and the beach.

3. 1994-05-16
   soldstatus $21,000

ⓘ 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: $818 · $68/mo
• Projected year-2 tax: $822 · $68/mo
• Expected delta: +$4/yr ($0/mo · 0.5%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% 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: $18,331
• − Mortgage interest: −$5,546
• − Property taxes: −$818
• − Insurance: −$5,614
• − Repairs & maintenance: −$1,466
• − Management: −$1,466
• − Depreciation: −$2,880
• Taxable income: $541
• Est. tax owed @ 24.0%: −$130
• After-tax cash flow: $1,691/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

+221.4% since first listed

7 events — show timeline

• 2026-06-05 Sold (MLS) $67,500 Daytona MLS
• 2026-06-05 Sold (MLS) $67,500 Stellar MLS as Distributed by MLS Grid
• 2026-05-19 Pending — Daytona MLS
• 2026-05-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-15 Listed $99,000 Daytona MLS
• 2026-05-15 Listed $99,000 Stellar MLS as Distributed by MLS Grid
• 1994-05-16 Sold (Public Records) $21,000 Public Records

Property tax history

+4.7%/yr

Latest (2025): $818 · +4.1% YoY. Source: county tax records.