MADISON Plan · Daytona Beach, FL 32124

$383,990

4 bd · 3.0 ba · 2,020 sqft · SingleFamily · 428 Days on market

Excellent condition ↓ 9% since listing

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Why this score? — see what drove the D+ 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 +11.2/30.0
• ARV discount +7.5/15.0
• Condition / age +4.8/5.0
• Livability +4.2/5.0
• Appreciation +4.0/10.0
• Rent growth +3.9/5.0
• Schools +3.9/10.0
• 1% rule +3.3/10.0
• DSCR +3.3/10.0

Listing remarks MLS

Discover the Madison, a versatile single-story home at Ironwood in sunny Daytona Beach, Florida. This spacious layout includes 4 bedrooms, 3 bathrooms, and a 3-car garage, making it perfect for modern family living. Inside, the open-concept design seamlessly blends functionality and comfort, ideal for daily living and entertaining. The chef-inspired kitchen features stainless steel appliances, a large center island, and an expansive walk-in pantry, overlooking the living and dining areas. Enjoy the Florida weather year-round with easy access to the covered lanai from the living space. Each bedroom offers comfort and privacy with carpeted floors and ample closet space. The primary suite, at the rear of the home, includes an en-suite bathroom with a walk-in closet, double vanity, and walk-in shower. Additional bedrooms are well-sized, with two sharing a bathroom and one having its own for added convenience. The Madison includes a dedicated laundry room and a 3-car garage, offering ample storage and parking. Advanced smart home technology enhances security and convenience, allowing remote control via your smart device. Contact us today to learn more about the Madison at Ironwood. Experience the quality and style that only D. R. Horton can provide in this 4-bedroom, 3-bathroom home with a 3-car garage.

Key facts

• Open-concept design
• Large center island
• Single-story home

Tags

• SINGLE-STORY HOME
• OPEN-CONCEPT DESIGN
• CHEF-INSPIRED KITCHEN
• STAINLESS STEEL APPLIANCES
• LARGE CENTER ISLAND
• EXPANSIVE WALK-IN PANTRY

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $384k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-147 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $363k (5.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $317k (17.4% below list).
• Recommended offer: $317k (17.4% below list) — sets the bar for 1% rule.

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: 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.
• Zoned schools: Champion Elementary School (math 39% / reading 44%, grade F, #1,437 of 2,144 statewide, top 68%, 584 students, 70% FRL); David C. Hinson Sr. Middle School (math 52% / reading 49%, grade C, #246 of 571 statewide, top 44%, 950 students, 52% FRL); Mainland High School (math 30% / reading 37%, grade F, #400 of 667 statewide, top 61%, 1,855 students, 64% FRL).
• Market conditions: Rents rising fast (+5.5%/yr); 335 active listings in the ZIP; 6 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 41% of the median local income ($93k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-2.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $8k 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 428 days — a 12% lower offer ($338k) is reasonable based on typical stale-listing flexibility.

Recommended offer $317,357 (17.4% 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 428 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.83% ✗
• Cap rate: 5.83%
• Cash-on-cash: -1.64%
• DSCR: 0.93
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-1.99% appreciation · 5.46% rent growth · sell at horizon

5-year hold

• IRR: -10.8%
• Equity multiple: 0.56×
• Total profit: $-46,998
• Equity at exit: $74,768

10-year hold

• IRR: -0.4%
• Equity multiple: 0.97×
• Total profit: $-3,326
• Equity at exit: $64,079

Cash invested: $107,517 (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 32124

• Home prices YoY: -0.6%
• Rents YoY: 5.5%
• Active inventory: 335
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $3,174 high
• Mortgage (P&I): −$2,014
• Tax est. 1.5%: −$480 /mo · $5,760/yr
• Insurance: −$160
• HOA: −$0
• Vacancy / Maint / Mgmt: −$666
• Net cashflow: $-147

Break-even live

Break-even rent $3,359

Max offer price $362,784

Occupancy floor 100%

Sensitivity live

Price	-10% $119	-5% $-14	+0% $-147	+5% $-279	+10% $-412
Rent	-10% $-397	-5% $-272	+0% $-147	+5% $-21	+10% $104
Rate	-1.0pp $47	-0.5pp $-49	base $-147	+0.5pp $-246	+1.0pp $-347

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: $95,998
• Closing costs: $11,520
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
132 Lost Ball Dr Daytona Beach, FL	3.0	2.0	1484	$2,300	$1.55	25d	1	0.11mi
137 Lost Ball Dr Daytona Beach, FL	4.0	2.5	2168	$2,950	$1.36	13d	1	0.14mi
136 Links Terrace Blvd Daytona Beach, FL	3.0	2.0	1483	$2,500	$1.69	21d	1	0.17mi
284 Links Terrace Blvd Daytona Beach, FL	4.0	2.5	2200	$2,850	$1.30	25d	1	0.35mi
1250 Champions Dr Daytona Beach, FL	3.0	2.0	2004	$2,650	$1.32	25d	1	0.92mi
604 Champion Ridge Dr Daytona Beach, FL	3.0	2.0	1761	$2,299	$1.31	16d	1	1.45mi

Listing history 23 events

1. 2026-06-22
   days on market $383,990 Active 428 DOM
2. 2026-06-18
   days on market $383,990 Active 425 DOM
3. 2026-06-17
   days on market $383,990 Active 424 DOM
4. 2026-06-16
   days on market $383,990 Active 423 DOM
5. 2026-06-15
   days on market $383,990 Active 422 DOM
6. 2026-06-14
   days on market $383,990 Active 420 DOM
7. 2026-06-10
   days on market $383,990 Active 417 DOM
8. 2026-06-09
   days on market $383,990 Active 416 DOM
9. 2026-06-08
   days on market $383,990 Active 415 DOM
10. 2026-06-07
    days on market $383,990 Active 414 DOM
11. 2026-06-05
    days on market $383,990 Active 411 DOM
12. 2026-06-03
    days on market $383,990 Active 410 DOM
13. 2026-06-03
    days on market $383,990 Active 409 DOM
14. 2026-06-01
    days on market $383,990 Active 408 DOM
15. 2026-05-31
    days on market $383,990 Active 407 DOM
16. 2026-05-31
    days on market $383,990 Active 406 DOM
17. 2026-05-12
    price $383,990 1319-char remark

    Show marketing remark (1319 chars)

    Discover the Madison, a versatile single-story home at Ironwood in sunny Daytona Beach, Florida. This spacious layout includes 4 bedrooms, 3 bathrooms, and a 3-car garage, making it perfect for modern family living. Inside, the open-concept design seamlessly blends functionality and comfort, ideal for daily living and entertaining. The chef-inspired kitchen features stainless steel appliances, a large center island, and an expansive walk-in pantry, overlooking the living and dining areas. Enjoy the Florida weather year-round with easy access to the covered lanai from the living space. Each bedroom offers comfort and privacy with carpeted floors and ample closet space. The primary suite, at the rear of the home, includes an en-suite bathroom with a walk-in closet, double vanity, and walk-in shower. Additional bedrooms are well-sized, with two sharing a bathroom and one having its own for added convenience. The Madison includes a dedicated laundry room and a 3-car garage, offering ample storage and parking. Advanced smart home technology enhances security and convenience, allowing remote control via your smart device. Contact us today to learn more about the Madison at Ironwood. Experience the quality and style that only D. R. Horton can provide in this 4-bedroom, 3-bathroom home with a 3-car garage.

18. 2026-03-18
    price $381,990 1319-char remark

    Show marketing remark (1319 chars)

    Discover the Madison, a versatile single-story home at Ironwood in sunny Daytona Beach, Florida. This spacious layout includes 4 bedrooms, 3 bathrooms, and a 3-car garage, making it perfect for modern family living. Inside, the open-concept design seamlessly blends functionality and comfort, ideal for daily living and entertaining. The chef-inspired kitchen features stainless steel appliances, a large center island, and an expansive walk-in pantry, overlooking the living and dining areas. Enjoy the Florida weather year-round with easy access to the covered lanai from the living space. Each bedroom offers comfort and privacy with carpeted floors and ample closet space. The primary suite, at the rear of the home, includes an en-suite bathroom with a walk-in closet, double vanity, and walk-in shower. Additional bedrooms are well-sized, with two sharing a bathroom and one having its own for added convenience. The Madison includes a dedicated laundry room and a 3-car garage, offering ample storage and parking. Advanced smart home technology enhances security and convenience, allowing remote control via your smart device. Contact us today to learn more about the Madison at Ironwood. Experience the quality and style that only D. R. Horton can provide in this 4-bedroom, 3-bathroom home with a 3-car garage.

19. 2026-01-06
    price $401,990 1319-char remark

    Show marketing remark (1319 chars)

    Discover the Madison, a versatile single-story home at Ironwood in sunny Daytona Beach, Florida. This spacious layout includes 4 bedrooms, 3 bathrooms, and a 3-car garage, making it perfect for modern family living. Inside, the open-concept design seamlessly blends functionality and comfort, ideal for daily living and entertaining. The chef-inspired kitchen features stainless steel appliances, a large center island, and an expansive walk-in pantry, overlooking the living and dining areas. Enjoy the Florida weather year-round with easy access to the covered lanai from the living space. Each bedroom offers comfort and privacy with carpeted floors and ample closet space. The primary suite, at the rear of the home, includes an en-suite bathroom with a walk-in closet, double vanity, and walk-in shower. Additional bedrooms are well-sized, with two sharing a bathroom and one having its own for added convenience. The Madison includes a dedicated laundry room and a 3-car garage, offering ample storage and parking. Advanced smart home technology enhances security and convenience, allowing remote control via your smart device. Contact us today to learn more about the Madison at Ironwood. Experience the quality and style that only D. R. Horton can provide in this 4-bedroom, 3-bathroom home with a 3-car garage.

20. 2025-09-27
    price $399,990 1319-char remark

    Show marketing remark (1319 chars)

    Discover the Madison, a versatile single-story home at Ironwood in sunny Daytona Beach, Florida. This spacious layout includes 4 bedrooms, 3 bathrooms, and a 3-car garage, making it perfect for modern family living. Inside, the open-concept design seamlessly blends functionality and comfort, ideal for daily living and entertaining. The chef-inspired kitchen features stainless steel appliances, a large center island, and an expansive walk-in pantry, overlooking the living and dining areas. Enjoy the Florida weather year-round with easy access to the covered lanai from the living space. Each bedroom offers comfort and privacy with carpeted floors and ample closet space. The primary suite, at the rear of the home, includes an en-suite bathroom with a walk-in closet, double vanity, and walk-in shower. Additional bedrooms are well-sized, with two sharing a bathroom and one having its own for added convenience. The Madison includes a dedicated laundry room and a 3-car garage, offering ample storage and parking. Advanced smart home technology enhances security and convenience, allowing remote control via your smart device. Contact us today to learn more about the Madison at Ironwood. Experience the quality and style that only D. R. Horton can provide in this 4-bedroom, 3-bathroom home with a 3-car garage.

21. 2025-07-03
    price $421,990 1319-char remark

    Show marketing remark (1319 chars)

    Discover the Madison, a versatile single-story home at Ironwood in sunny Daytona Beach, Florida. This spacious layout includes 4 bedrooms, 3 bathrooms, and a 3-car garage, making it perfect for modern family living. Inside, the open-concept design seamlessly blends functionality and comfort, ideal for daily living and entertaining. The chef-inspired kitchen features stainless steel appliances, a large center island, and an expansive walk-in pantry, overlooking the living and dining areas. Enjoy the Florida weather year-round with easy access to the covered lanai from the living space. Each bedroom offers comfort and privacy with carpeted floors and ample closet space. The primary suite, at the rear of the home, includes an en-suite bathroom with a walk-in closet, double vanity, and walk-in shower. Additional bedrooms are well-sized, with two sharing a bathroom and one having its own for added convenience. The Madison includes a dedicated laundry room and a 3-car garage, offering ample storage and parking. Advanced smart home technology enhances security and convenience, allowing remote control via your smart device. Contact us today to learn more about the Madison at Ironwood. Experience the quality and style that only D. R. Horton can provide in this 4-bedroom, 3-bathroom home with a 3-car garage.

22. 2025-06-18
    price $424,990 1319-char remark

    Show marketing remark (1319 chars)

    Discover the Madison, a versatile single-story home at Ironwood in sunny Daytona Beach, Florida. This spacious layout includes 4 bedrooms, 3 bathrooms, and a 3-car garage, making it perfect for modern family living. Inside, the open-concept design seamlessly blends functionality and comfort, ideal for daily living and entertaining. The chef-inspired kitchen features stainless steel appliances, a large center island, and an expansive walk-in pantry, overlooking the living and dining areas. Enjoy the Florida weather year-round with easy access to the covered lanai from the living space. Each bedroom offers comfort and privacy with carpeted floors and ample closet space. The primary suite, at the rear of the home, includes an en-suite bathroom with a walk-in closet, double vanity, and walk-in shower. Additional bedrooms are well-sized, with two sharing a bathroom and one having its own for added convenience. The Madison includes a dedicated laundry room and a 3-car garage, offering ample storage and parking. Advanced smart home technology enhances security and convenience, allowing remote control via your smart device. Contact us today to learn more about the Madison at Ironwood. Experience the quality and style that only D. R. Horton can provide in this 4-bedroom, 3-bathroom home with a 3-car garage.

23. 2025-04-19
    listed $422,990 Active 1319-char remark

    Show marketing remark (1319 chars)

    Discover the Madison, a versatile single-story home at Ironwood in sunny Daytona Beach, Florida. This spacious layout includes 4 bedrooms, 3 bathrooms, and a 3-car garage, making it perfect for modern family living. Inside, the open-concept design seamlessly blends functionality and comfort, ideal for daily living and entertaining. The chef-inspired kitchen features stainless steel appliances, a large center island, and an expansive walk-in pantry, overlooking the living and dining areas. Enjoy the Florida weather year-round with easy access to the covered lanai from the living space. Each bedroom offers comfort and privacy with carpeted floors and ample closet space. The primary suite, at the rear of the home, includes an en-suite bathroom with a walk-in closet, double vanity, and walk-in shower. Additional bedrooms are well-sized, with two sharing a bathroom and one having its own for added convenience. The Madison includes a dedicated laundry room and a 3-car garage, offering ample storage and parking. Advanced smart home technology enhances security and convenience, allowing remote control via your smart device. Contact us today to learn more about the Madison at Ironwood. Experience the quality and style that only D. R. Horton can provide in this 4-bedroom, 3-bathroom home with a 3-car garage.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $38,083
• − Mortgage interest: −$21,509
• − Property taxes: −$5,760
• − Insurance: −$1,920
• − Repairs & maintenance: −$3,047
• − Management: −$3,047
• − Depreciation: −$11,171
• Taxable loss: −$8,370
• Est. tax savings @ 24.0%: +$2,009
• After-tax cash flow: $250/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.

Condition & rehab AI · 6 photos

Excellent 95/100 None rehab

This Madison Plan home in Daytona Beach, Florida, is in excellent condition with a modern kitchen, spacious layout, and well-maintained exterior. It offers a great opportunity for investors looking to maximize both resale and rental value with minimal investment.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/tenants.
• Both Add a smart home system — A smart home system can increase the home's value and appeal to tech-savvy buyers/tenants.
• Both Install energy-efficient windows — Energy-efficient windows can reduce energy costs and improve the home's value.
• Both Add a smart thermostat — A smart thermostat can improve energy efficiency and comfort, making the home more attractive to buyers/tenants.
• Both Install a water-efficient irrigation system — A water-efficient irrigation system can reduce water usage and lower maintenance costs, making the home more sustainable and attractive to buyers/tenants.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/tenants. ↑
• Both Add a smart home system — A smart home system can increase the home's value and appeal to tech-savvy buyers/tenants. ↑
• Both Install energy-efficient windows — Energy-efficient windows can reduce energy costs and improve the home's value. ↑
• Both Add a smart thermostat — A smart thermostat can improve energy efficiency and comfort, making the home more attractive to buyers/tenants. ↑
• Both Install a water-efficient irrigation system — A water-efficient irrigation system can reduce water usage and lower maintenance costs, making the home more sustainable and attractive to buyers/tenants. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 11,409
• Household income: $92,616
• Rent vs Own: 5.8% rent · 94.2% own
• Severe rent burden: 54.0

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% Black 20% Hispanic / Latino 5% Asian 2% Two or more races 1%
• Common ancestry: Romanian 3% Italian 2% Portuguese 1%
• Foreign-born: 10% · Canada, Mexico, South Korea
• Languages at home: 91% English-only · Spanish 4% Other Asian/Pacific 1% 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: ▼ -1.99%
• Current HPI: 311.7456
• Rent YoY: ▲ 5.46%
• 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

-9.2% since first listed

7 events — show timeline

• 2026-05-12 Price Changed $383,990 Zillow
• 2026-03-18 Price Changed $381,990 Zillow
• 2026-01-06 Price Changed $401,990 Zillow
• 2025-09-27 Price Changed $399,990 Zillow
• 2025-07-03 Price Changed $421,990 Zillow
• 2025-06-18 Price Changed $424,990 Zillow
• 2025-04-19 Listed $422,990 Zillow