1842 India Palm Dr · Edgewater, FL 32141

$234,900

3 bd · 1.0 ba · 1,326 sqft · SingleFamily public records · 14 Days on market

Built 1959 10,000 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 +20.3/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +4.1/10.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor Special in the heart of Edgewater! This 3-bedroom, 2-bath home at 1842 India Palm Dr offers strong upside for investors, flippers, or buyers looking for a value-add opportunity. Features include a 2016 HVAC system, spacious layout, and a large lot with plenty of potential. Property needs updates and is priced accordingly—perfect for cash buyers or conventional renovation-minded buyers alike. Conveniently located near shopping, dining, schools, and just a short drive to the beach. Great opportunity to add value and build equity in a growing area!

Key facts

• Large lot
• Hvac system
• Conveniently located

Tags

• HVAC SYSTEM
• LARGE LOT
• CONVENIENTLY LOCATED

Property features AI

Finance

• Other: Lot size approximately 0.23 acre (80 x 125); Living area reported as 1326 square feet (public records); Building area reported as 1832 square feet; Listed as unfurnished; Zoning: R1
• Financial info: No lease restrictions; Property is homesteaded
• HOA & community: No HOA (no association reported); Development: Florida Shores

Exterior

• Parking: Parking details not provided
• Security: No specific security features listed
• Utilities: Public water; Public sewer; Water connected; Other utilities
• Home design: Single Family Residence; Residential property; One-story; Faces east; Entry level: One
• Construction: Block and concrete construction; Shingle roof; Other foundation
• Exterior features: Other exterior features; Paved road access

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Tile; Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Other interior features
• Laundry & utility: Dedicated laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $299 ($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 $214k (9.1% below list).
• Recommended offer: $214k (9.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#329 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D-, 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: 304 active listings in the ZIP; 16 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 40% of the median local income ($64k/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 $7k 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 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 11 sale attempts since 23y 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.
• Current owner paid $95k; list at $235k implies a 147% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 8→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $213,505 (9.1% below list)

Questions for the listing agent

1. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.91% ✗
• Cap rate: 7.82%
• Cash-on-cash: 5.45%
• DSCR: 1.24
• GRM: 9.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -7.9%
• Equity multiple: 0.71×
• Total profit: $-19,145
• Equity at exit: $35,024

10-year hold

• IRR: 1.6%
• Equity multiple: 1.11×
• Total profit: $7,379
• Equity at exit: $20,310

Cash invested: $65,772 (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 32141

• Home prices YoY: -19.2%
• Active inventory: 304
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,135 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$58 /mo · $698/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $299

Break-even live

Break-even rent $1,757

Max offer price $234,900

Occupancy floor 81%

Sensitivity live

Price	-10% $432	-5% $365	+0% $299	+5% $232	+10% $166
Rent	-10% $130	-5% $214	+0% $299	+5% $383	+10% $467
Rate	-1.0pp $417	-0.5pp $359	base $299	+0.5pp $238	+1.0pp $176

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: $58,725
• Closing costs: $7,047
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2027 Guava Dr Unit 2029 Edgewater, FL	4.0	2.0	1760	$1,995	$1.13	24d	1	0.41mi
1822 Royal Palm Dr Edgewater, FL	3.0	2.0	1400	$1,620	$1.16	15d	1	0.50mi
121 W Marion Ave Edgewater, FL	2.0	2.0	1020	$1,250	$1.23	24d	1	0.63mi
1000 Egret Ct Edgewater, FL	2.0	2.0	1051	$2,400	$2.28	24d	1	0.67mi
120 Hardin Pl Edgewater, FL	3.0	2.0	1455	$2,075	$1.43	15d	1	0.68mi
2314 Fern Palm Dr Unit 2314 Edgewater, FL	2.0	2.0	1200	$1,700	$1.42	19d	1	0.72mi
2330 India Palm Dr Edgewater, FL	2.0	2.0	1025	$1,499	$1.46	15d	1	0.76mi
2421 India Palm Dr Edgewater, FL	3.0	2.0	1358	$2,150	$1.58	19d	1	0.87mi
2219 Umbrella Tree Dr Edgewater, FL	3.0	2.0	1446	$2,300	$1.59	24d	1	0.87mi
226 Tree Branch Ln Edgewater, FL	3.0	2.0	1514	$2,350	$1.55	15d	1	0.95mi
2515 Fern Palm Dr Edgewater, FL	3.0	2.0	1400	$2,200	$1.57	11d	1	0.99mi
706 Mary St Edgewater, FL	2.0	1.5	1025	$1,600	$1.56	24d	1	1.10mi
2621 India Palm Dr Edgewater, FL	3.0	2.0	1269	$2,400	$1.89	24d	1	1.12mi
2725 Silver Canoe Dr Edgewater, FL	3.0	2.5	1840	$2,200	$1.20	24d	1	1.13mi
308 Wildwood Dr Edgewater, FL	3.0	2.0	1485	$2,195	$1.48	19d	1	1.32mi
2827 Royal Palm Dr Edgewater, FL	3.0	2.0	1212	$1,900	$1.57	24d	1	1.48mi

Listing history 27 events

1. 2026-05-18
   price $234,900 566-char remark
2. 2026-05-13
   listed $239,900 Active 566-char remark
3. 2011-07-07
   soldstatus $95,000
4. 2011-06-29
   soldstatus $95,000
5. 2011-06-29
   soldstatus $95,000
6. 2011-06-28
   soldstatus $95,000
7. 2011-06-28
   soldstatus $95,000
8. 2011-06-13
   listed $95,000
9. 2011-06-13
   listed $95,000
10. 2011-06-05
    listed $95,000
11. 2011-06-05
    listed $95,000
12. 2011-03-21
    soldstatus $48,000
13. 2011-02-07
    listed $52,000
14. 2011-02-07
    listed $52,000
15. 2007-06-07
    soldstatus $120,600
16. 2007-05-29
    soldstatus $120,600
17. 2007-05-29
    soldstatus $120,600
18. 2007-04-19
    listed $135,000
19. 2007-04-19
    listed $135,000
20. 2004-05-17
    soldstatus $97,000
21. 2004-04-23
    soldstatus $97,000
22. 2004-04-23
    soldstatus $97,000
23. 2003-12-31
    listed $96,000
24. 2003-12-31
    listed $96,000
25. 1993-05-05
    soldstatus $49,900
26. 1987-10-01
    soldstatus $45,000
27. 1981-04-01
    soldstatus $38,000

ⓘ 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: $698 · $58/mo
• Projected year-2 tax: $1,950 · $162/mo
• Expected delta: +$1,252/yr (+$104/mo · 179.4%)

ⓘ 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 2/10 Low
• 🌡 Heat 10/10 Extreme 8 d/yr ≥105°F today · 23 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: $25,621
• − Mortgage interest: −$13,158
• − Property taxes: −$698
• − Insurance: −$1,174
• − Repairs & maintenance: −$2,050
• − Management: −$2,050
• − Depreciation: −$6,833
• Taxable loss: −$343
• Est. tax savings @ 24.0%: +$82
• After-tax cash flow: $3,668/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 — Edgewater

• Score: 72/100
• State rank: #329
• US rank: #5753

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Edgewater, FL
• County: Volusia County · 556,871 people
• City population: 18,726
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 18,726
• Household income: $63,936
• Rent vs Own: 6.2% rent · 93.8% own
• Severe rent burden: 161.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 4% Two or more races 3% Black 2%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 2% German/W. Germanic 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: ▼ -80.12%
• Current HPI: 337.8301
• Rent YoY: —
• 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

+518.2% since first listed

28 events — show timeline

• 2026-05-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-05-18 Price Changed $234,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-13 Listed $239,900 Stellar MLS as Distributed by MLS Grid
• 2011-07-07 Sold (Public Records) $95,000 Public Records
• 2011-06-29 Sold (MLS) $95,000 Stellar MLS as Distributed by MLS Grid
• 2011-06-29 Sold (MLS) $95,000 NSBMLS
• 2011-06-28 Sold (MLS) $95,000 Stellar MLS as Distributed by MLS Grid
• 2011-06-28 Sold (MLS) $95,000 NSBMLS
• 2011-06-13 Listed $95,000 Stellar MLS as Distributed by MLS Grid
• 2011-06-13 Listed $95,000 NSBMLS
• 2011-06-05 Listed $95,000 Stellar MLS as Distributed by MLS Grid
• 2011-06-05 Listed $95,000 NSBMLS
• 2011-03-21 Sold (MLS) $48,000 Daytona MLS
• 2011-02-07 Listed $52,000 Daytona MLS
• 2011-02-07 Listed $52,000 Daytona MLS
• 2007-06-07 Sold (Public Records) $120,600 Public Records
• 2007-05-29 Sold (MLS) $120,600 Stellar MLS as Distributed by MLS Grid
• 2007-05-29 Sold (MLS) $120,600 NSBMLS
• 2007-04-19 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2007-04-19 Listed $135,000 NSBMLS
• 2004-05-17 Sold (Public Records) $97,000 Public Records
• 2004-04-23 Sold (MLS) $97,000 NSBMLS
• 2004-04-23 Sold (MLS) $97,000 Stellar MLS as Distributed by MLS Grid
• 2003-12-31 Listed $96,000 NSBMLS
• 2003-12-31 Listed $96,000 Stellar MLS as Distributed by MLS Grid
• 1993-05-05 Sold (Public Records) $49,900 Public Records
• 1987-10-01 Sold (Public Records) $45,000 Public Records
• 1981-04-01 Sold (Public Records) $38,000 Public Records

Property tax history

-0.0%/yr

Latest (2025): $698 · +2.5% YoY. Source: county tax records.