COVINGTON Plan · Daytona Beach, FL 32124

$418,990

5 bd · 3.0 ba · 2,490 sqft · SingleFamily · 425 Days on market

Good condition ↓ 9% since listing

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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 +16.3/30.0
• ARV discount +7.5/15.0
• DSCR +5.0/10.0
• 1% rule +4.4/10.0
• Livability +4.2/5.0
• Appreciation +4.0/10.0
• Condition / age +4.0/5.0
• Rent growth +3.9/5.0
• Schools +3.9/10.0

Listing remarks MLS

Welcome to the Covington, an exquisite single-story floor plan designed with your modern lifestyle in mind. This spacious home offers 5 bedrooms, 3 bathrooms, and a 3-car garage, ensuring ample space for comfortable living and entertaining. The Covington features an open-concept layout that seamlessly integrates the living room, dining area, and kitchen, creating a perfect space for family gatherings and social occasions. The stylish kitchen is a chef's dream, equipped with stainless steel appliances, a large center island with seating, and a walk-in pantry for ample storage. The primary bedroom, located for optimal privacy at the rear of the home, offers a serene retreat. It includes a luxurious en-suite bathroom complete with a walk-in closet, double vanity, and a spacious walk-in shower, providing both functionality and relaxation. In addition to the primary suite, the Covington includes three well-sized secondary bedrooms. These versatile rooms can serve as additional bedrooms, a home office, or even a fitness space. Two of these bedrooms share a bathroom, while the fourth bedroom has its own dedicated bathroom, adding an extra layer of convenience and flexibility. As with all homes at Ironwood, the Covington comes equipped with advanced smart home technology. This allows you to control various aspects of your home remotely via your smart device, enhancing security and convenience. Contact us today to learn more about the Covington at Ironwood. Experience the Coving

Key facts

• Large center island
• Walk-in closet
• En-suite bathroom

Tags

• OPEN-CONCEPT LAYOUT
• STAINLESS STEEL APPLIANCES
• LARGE CENTER ISLAND
• WALK-IN PANTRY
• EN-SUITE BATHROOM
• WALK-IN CLOSET

🏗️ 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 5-bed/3.0-bath single-family listed at $419k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $229 ($3k/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 $396k (5.6% below list).
• Recommended offer: $369k (12.0% below list) — sets the bar for market timing.

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 fast (+5.5%/yr); 333 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• At $3,956/mo this rent would consume 51% of the median local household income ($93k/yr) (locally 54% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 425 days — a 12% lower offer ($369k) is reasonable based on typical stale-listing flexibility.

Recommended offer $368,711 (12.0% below list)

Questions for the listing agent

1. It's been on market 425 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 0.94% ✗
• Cap rate: 6.95%
• Cash-on-cash: 2.35%
• DSCR: 1.10
• GRM: 8.8

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: -5.2%
• Equity multiple: 0.78×
• Total profit: $-25,234
• Equity at exit: $81,583

10-year hold

• IRR: 5.2%
• Equity multiple: 1.48×
• Total profit: $56,396
• Equity at exit: $69,920

Cash invested: $117,317 (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: 333
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $3,956 medium
• Mortgage (P&I): −$2,197
• Tax est. 1.5%: −$524 /mo · $6,285/yr
• Insurance: −$175
• HOA: −$0
• Vacancy / Maint / Mgmt: −$831
• Net cashflow: $229

Break-even live

Break-even rent $3,665

Max offer price $418,990

Occupancy floor 89%

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: $104,748
• Closing costs: $12,570
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
137 Lost Ball Dr Daytona Beach, FL	4.0	2.5	2168	$2,950	$1.36	11d	1	0.14mi
284 Links Terrace Blvd Daytona Beach, FL	4.0	2.5	2200	$2,850	$1.30	23d	1	0.35mi

Listing history 22 events

1. 2026-06-18
   days on market $418,990 Active 425 DOM
2. 2026-06-17
   days on market $418,990 Active 424 DOM
3. 2026-06-16
   days on market $418,990 Active 423 DOM
4. 2026-06-15
   days on market $418,990 Active 422 DOM
5. 2026-06-14
   days on market $418,990 Active 420 DOM
6. 2026-06-10
   days on market $418,990 Active 417 DOM
7. 2026-06-09
   days on market $418,990 Active 416 DOM
8. 2026-06-08
   days on market $418,990 Active 415 DOM
9. 2026-06-07
   days on market $418,990 Active 414 DOM
10. 2026-06-05
    days on market $418,990 Active 411 DOM
11. 2026-06-03
    days on market $418,990 Active 410 DOM
12. 2026-06-03
    days on market $418,990 Active 409 DOM
13. 2026-06-01
    days on market $418,990 Active 408 DOM
14. 2026-05-31
    days on market $418,990 Active 407 DOM
15. 2026-05-31
    days on market $418,990 Active 406 DOM
16. 2026-05-12
    price $418,990 1494-char remark

    Show marketing remark (1494 chars)

    Welcome to the Covington, an exquisite single-story floor plan designed with your modern lifestyle in mind. This spacious home offers 5 bedrooms, 3 bathrooms, and a 3-car garage, ensuring ample space for comfortable living and entertaining. The Covington features an open-concept layout that seamlessly integrates the living room, dining area, and kitchen, creating a perfect space for family gatherings and social occasions. The stylish kitchen is a chef's dream, equipped with stainless steel appliances, a large center island with seating, and a walk-in pantry for ample storage. The primary bedroom, located for optimal privacy at the rear of the home, offers a serene retreat. It includes a luxurious en-suite bathroom complete with a walk-in closet, double vanity, and a spacious walk-in shower, providing both functionality and relaxation. In addition to the primary suite, the Covington includes three well-sized secondary bedrooms. These versatile rooms can serve as additional bedrooms, a home office, or even a fitness space. Two of these bedrooms share a bathroom, while the fourth bedroom has its own dedicated bathroom, adding an extra layer of convenience and flexibility. As with all homes at Ironwood, the Covington comes equipped with advanced smart home technology. This allows you to control various aspects of your home remotely via your smart device, enhancing security and convenience. Contact us today to learn more about the Covington at Ironwood. Experience the Coving

17. 2026-03-18
    price $416,990 1494-char remark

    Show marketing remark (1494 chars)

    Welcome to the Covington, an exquisite single-story floor plan designed with your modern lifestyle in mind. This spacious home offers 5 bedrooms, 3 bathrooms, and a 3-car garage, ensuring ample space for comfortable living and entertaining. The Covington features an open-concept layout that seamlessly integrates the living room, dining area, and kitchen, creating a perfect space for family gatherings and social occasions. The stylish kitchen is a chef's dream, equipped with stainless steel appliances, a large center island with seating, and a walk-in pantry for ample storage. The primary bedroom, located for optimal privacy at the rear of the home, offers a serene retreat. It includes a luxurious en-suite bathroom complete with a walk-in closet, double vanity, and a spacious walk-in shower, providing both functionality and relaxation. In addition to the primary suite, the Covington includes three well-sized secondary bedrooms. These versatile rooms can serve as additional bedrooms, a home office, or even a fitness space. Two of these bedrooms share a bathroom, while the fourth bedroom has its own dedicated bathroom, adding an extra layer of convenience and flexibility. As with all homes at Ironwood, the Covington comes equipped with advanced smart home technology. This allows you to control various aspects of your home remotely via your smart device, enhancing security and convenience. Contact us today to learn more about the Covington at Ironwood. Experience the Coving

18. 2026-01-06
    price $436,990 1494-char remark

    Show marketing remark (1494 chars)

    Welcome to the Covington, an exquisite single-story floor plan designed with your modern lifestyle in mind. This spacious home offers 5 bedrooms, 3 bathrooms, and a 3-car garage, ensuring ample space for comfortable living and entertaining. The Covington features an open-concept layout that seamlessly integrates the living room, dining area, and kitchen, creating a perfect space for family gatherings and social occasions. The stylish kitchen is a chef's dream, equipped with stainless steel appliances, a large center island with seating, and a walk-in pantry for ample storage. The primary bedroom, located for optimal privacy at the rear of the home, offers a serene retreat. It includes a luxurious en-suite bathroom complete with a walk-in closet, double vanity, and a spacious walk-in shower, providing both functionality and relaxation. In addition to the primary suite, the Covington includes three well-sized secondary bedrooms. These versatile rooms can serve as additional bedrooms, a home office, or even a fitness space. Two of these bedrooms share a bathroom, while the fourth bedroom has its own dedicated bathroom, adding an extra layer of convenience and flexibility. As with all homes at Ironwood, the Covington comes equipped with advanced smart home technology. This allows you to control various aspects of your home remotely via your smart device, enhancing security and convenience. Contact us today to learn more about the Covington at Ironwood. Experience the Coving

19. 2025-09-27
    price $434,990 1494-char remark

    Show marketing remark (1494 chars)

    Welcome to the Covington, an exquisite single-story floor plan designed with your modern lifestyle in mind. This spacious home offers 5 bedrooms, 3 bathrooms, and a 3-car garage, ensuring ample space for comfortable living and entertaining. The Covington features an open-concept layout that seamlessly integrates the living room, dining area, and kitchen, creating a perfect space for family gatherings and social occasions. The stylish kitchen is a chef's dream, equipped with stainless steel appliances, a large center island with seating, and a walk-in pantry for ample storage. The primary bedroom, located for optimal privacy at the rear of the home, offers a serene retreat. It includes a luxurious en-suite bathroom complete with a walk-in closet, double vanity, and a spacious walk-in shower, providing both functionality and relaxation. In addition to the primary suite, the Covington includes three well-sized secondary bedrooms. These versatile rooms can serve as additional bedrooms, a home office, or even a fitness space. Two of these bedrooms share a bathroom, while the fourth bedroom has its own dedicated bathroom, adding an extra layer of convenience and flexibility. As with all homes at Ironwood, the Covington comes equipped with advanced smart home technology. This allows you to control various aspects of your home remotely via your smart device, enhancing security and convenience. Contact us today to learn more about the Covington at Ironwood. Experience the Coving

20. 2025-07-03
    price $456,990 1494-char remark

    Show marketing remark (1494 chars)

    Welcome to the Covington, an exquisite single-story floor plan designed with your modern lifestyle in mind. This spacious home offers 5 bedrooms, 3 bathrooms, and a 3-car garage, ensuring ample space for comfortable living and entertaining. The Covington features an open-concept layout that seamlessly integrates the living room, dining area, and kitchen, creating a perfect space for family gatherings and social occasions. The stylish kitchen is a chef's dream, equipped with stainless steel appliances, a large center island with seating, and a walk-in pantry for ample storage. The primary bedroom, located for optimal privacy at the rear of the home, offers a serene retreat. It includes a luxurious en-suite bathroom complete with a walk-in closet, double vanity, and a spacious walk-in shower, providing both functionality and relaxation. In addition to the primary suite, the Covington includes three well-sized secondary bedrooms. These versatile rooms can serve as additional bedrooms, a home office, or even a fitness space. Two of these bedrooms share a bathroom, while the fourth bedroom has its own dedicated bathroom, adding an extra layer of convenience and flexibility. As with all homes at Ironwood, the Covington comes equipped with advanced smart home technology. This allows you to control various aspects of your home remotely via your smart device, enhancing security and convenience. Contact us today to learn more about the Covington at Ironwood. Experience the Coving

21. 2025-06-18
    price $459,990 1494-char remark

    Show marketing remark (1494 chars)

    Welcome to the Covington, an exquisite single-story floor plan designed with your modern lifestyle in mind. This spacious home offers 5 bedrooms, 3 bathrooms, and a 3-car garage, ensuring ample space for comfortable living and entertaining. The Covington features an open-concept layout that seamlessly integrates the living room, dining area, and kitchen, creating a perfect space for family gatherings and social occasions. The stylish kitchen is a chef's dream, equipped with stainless steel appliances, a large center island with seating, and a walk-in pantry for ample storage. The primary bedroom, located for optimal privacy at the rear of the home, offers a serene retreat. It includes a luxurious en-suite bathroom complete with a walk-in closet, double vanity, and a spacious walk-in shower, providing both functionality and relaxation. In addition to the primary suite, the Covington includes three well-sized secondary bedrooms. These versatile rooms can serve as additional bedrooms, a home office, or even a fitness space. Two of these bedrooms share a bathroom, while the fourth bedroom has its own dedicated bathroom, adding an extra layer of convenience and flexibility. As with all homes at Ironwood, the Covington comes equipped with advanced smart home technology. This allows you to control various aspects of your home remotely via your smart device, enhancing security and convenience. Contact us today to learn more about the Covington at Ironwood. Experience the Coving

22. 2025-04-19
    listed $457,990 Active 1494-char remark

    Show marketing remark (1494 chars)

    Welcome to the Covington, an exquisite single-story floor plan designed with your modern lifestyle in mind. This spacious home offers 5 bedrooms, 3 bathrooms, and a 3-car garage, ensuring ample space for comfortable living and entertaining. The Covington features an open-concept layout that seamlessly integrates the living room, dining area, and kitchen, creating a perfect space for family gatherings and social occasions. The stylish kitchen is a chef's dream, equipped with stainless steel appliances, a large center island with seating, and a walk-in pantry for ample storage. The primary bedroom, located for optimal privacy at the rear of the home, offers a serene retreat. It includes a luxurious en-suite bathroom complete with a walk-in closet, double vanity, and a spacious walk-in shower, providing both functionality and relaxation. In addition to the primary suite, the Covington includes three well-sized secondary bedrooms. These versatile rooms can serve as additional bedrooms, a home office, or even a fitness space. Two of these bedrooms share a bathroom, while the fourth bedroom has its own dedicated bathroom, adding an extra layer of convenience and flexibility. As with all homes at Ironwood, the Covington comes equipped with advanced smart home technology. This allows you to control various aspects of your home remotely via your smart device, enhancing security and convenience. Contact us today to learn more about the Covington at Ironwood. Experience the Coving

ⓘ 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: $47,466
• − Mortgage interest: −$23,470
• − Property taxes: −$6,285
• − Insurance: −$2,095
• − Repairs & maintenance: −$3,797
• − Management: −$3,797
• − Depreciation: −$12,189
• Taxable loss: −$4,167
• Est. tax savings @ 24.0%: +$1,000
• After-tax cash flow: $3,752/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 · 1 photo

Good 80/100 Cosmetic rehab

This Covington single-story home is in good condition with a good condition score of 80. It offers a spacious floor plan with 5 bedrooms and 3 bathrooms, and is move-in ready with minor cosmetic updates to enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior shutters — Enhances curb appeal and value
• Both Replace front door — Improves entryway and adds value
• Both Update kitchen backsplash — Modernizes kitchen and adds value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior shutters — Enhances curb appeal and value ↑
• Both Replace front door — Improves entryway and adds value ↑
• Both Update kitchen backsplash — Modernizes kitchen and adds value ↑

ⓘ 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

-8.5% since first listed

7 events — show timeline

• 2026-05-12 Price Changed $418,990 Zillow
• 2026-03-18 Price Changed $416,990 Zillow
• 2026-01-06 Price Changed $436,990 Zillow
• 2025-09-27 Price Changed $434,990 Zillow
• 2025-07-03 Price Changed $456,990 Zillow
• 2025-06-18 Price Changed $459,990 Zillow
• 2025-04-19 Listed $457,990 Zillow