127 Ash St · Edgewater, FL 32141

$150,000

2 bd · 2.0 ba · 1,012 sqft · Manufactured public records · 364 Days on market

Built 1983 5,700 sqft lot $240/mo HOA · 13% of rent ↓ 49% 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 +25.0/30.0
• DSCR +8.2/10.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• 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 MLS

Welcome to this well-maintained home located in a quiet neighborhood in Edgewater, Florida. This 2-bedroom, 2-bathroom property offers a comfortable and functional layout with spacious living and dining areas. The highlight of the home is the large screened-in room—perfect for relaxing, entertaining, or enjoying Florida’s beautiful weather bug-free year-round. The kitchen features ample cabinet space and flows seamlessly into the main living areas. Both bedrooms are generously sized, and the primary suite includes an en-suite bath for added privacy. Outside, enjoy a nicely sized yard with plenty of room for gardening or outdoor activities. Located in the tranquil community of Terra Mar Village, residents enjoy exceptional amenities and a strong sense of community. The neighborhood offers two 40,000-gallon saline swimming pools, one of which is heated year-round, and a private 300-foot fishing pier along the scenic Florida Intracoastal Waterway. Outdoor enthusiasts will appreciate the shuffleboard, bocce ball, and horseshoe courts, while the large brick clubhouse is perfect for social gatherings and community events held throughout the year. Boating enthusiasts will love the newly constructed secure marina with covered boat lifts and slips, offering easy access to the Intracoastal Waterway (slip leases are currently available). A convenient community boat launch makes it easy to start your water adventures. Additionally, affordable on-site RV and trailer storage is available for a minimal monthly fee. Terra Mar Village provides a perfect balance of recreation, relaxation, and community, making it ideal for families or anyone seeking a peaceful yet active lifestyle.

Key facts

• Secure marina
• Private fishing pier
• Nicely sized yard

Tags

• LARGE SCREENED-IN ROOM
• NICELY SIZED YARD
• TWO SALINE SWIMMING POOLS
• PRIVATE FISHING PIER
• SECURE MARINA
• COMMUNITY BOAT LAUNCH

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $260 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.

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; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 36% 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 $1k of loan paydown is wiped out by about $4k 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 364 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $52k; list at $150k implies a 188% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 364 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 1.27% ✓
• Cap rate: 8.90%
• Cash-on-cash: 9.33%
• DSCR: 1.42
• GRM: 6.5

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: -4.8%
• Equity multiple: 0.82×
• Total profit: $-7,584
• Equity at exit: $22,365

10-year hold

• IRR: 5.0%
• Equity multiple: 1.37×
• Total profit: $15,374
• Equity at exit: $12,969

Cash invested: $42,000 (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: 6.5×

Monthly cashflow live

• Estimated rent: $1,912 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$95 /mo · $1,141/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$240
• Vacancy / Maint / Mgmt: −$402
• Net cashflow: $260

Break-even live

Break-even rent $1,583

Max offer price $150,000

Occupancy floor 81%

Sensitivity live

Price	-10% $345	-5% $302	+0% $260	+5% $218	+10% $175
Rent	-10% $109	-5% $185	+0% $260	+5% $336	+10% $411
Rate	-1.0pp $336	-0.5pp $298	base $260	+0.5pp $221	+1.0pp $182

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20 River Park Blvd Edgewater, FL	2.0	1.0	1000	$1,700	$1.70	15d	1	0.24mi
189 Lewis St Edgewater, FL	2.0	2.0	768	$2,200	$2.86	24d	1	0.69mi
287 Club Rio Dr Edgewater, FL	2.0	2.0	1152	$1,599	$1.39	15d	1	1.34mi

HOA detail

• Monthly dues: $240 · $2,880/yr
• Likely covers: waterpool

Listing history 23 events

1. 2026-06-16
   days on market $150,000 Active 364 DOM
2. 2026-06-15
   days on market $150,000 Active 363 DOM
3. 2026-06-14
   days on market $150,000 Active 361 DOM
4. 2026-06-10
   days on market $150,000 Active 358 DOM
5. 2026-06-09
   days on market $150,000 Active 357 DOM
6. 2026-06-08
   days on market $150,000 Active 356 DOM
7. 2026-06-07
   days on market $150,000 Active 355 DOM
8. 2026-06-05
   days on market $150,000 Active 352 DOM
9. 2026-06-03
   days on market $150,000 Active 351 DOM
10. 2026-06-03
    days on market $150,000 Active 350 DOM
11. 2026-06-01
    days on market $150,000 Active 349 DOM
12. 2026-05-31
    days on market $150,000 Active 348 DOM
13. 2026-05-31
    days on market $150,000 Active 347 DOM
14. 2025-08-29
    price $150,000 1704-char remark

    Show marketing remark (1704 chars)

    Welcome to this well-maintained home located in a quiet neighborhood in Edgewater, Florida. This 2-bedroom, 2-bathroom property offers a comfortable and functional layout with spacious living and dining areas. The highlight of the home is the large screened-in room—perfect for relaxing, entertaining, or enjoying Florida’s beautiful weather bug-free year-round. The kitchen features ample cabinet space and flows seamlessly into the main living areas. Both bedrooms are generously sized, and the primary suite includes an en-suite bath for added privacy. Outside, enjoy a nicely sized yard with plenty of room for gardening or outdoor activities. Located in the tranquil community of Terra Mar Village, residents enjoy exceptional amenities and a strong sense of community. The neighborhood offers two 40,000-gallon saline swimming pools, one of which is heated year-round, and a private 300-foot fishing pier along the scenic Florida Intracoastal Waterway. Outdoor enthusiasts will appreciate the shuffleboard, bocce ball, and horseshoe courts, while the large brick clubhouse is perfect for social gatherings and community events held throughout the year. Boating enthusiasts will love the newly constructed secure marina with covered boat lifts and slips, offering easy access to the Intracoastal Waterway (slip leases are currently available). A convenient community boat launch makes it easy to start your water adventures. Additionally, affordable on-site RV and trailer storage is available for a minimal monthly fee. Terra Mar Village provides a perfect balance of recreation, relaxation, and community, making it ideal for families or anyone seeking a peaceful yet active lifestyle.

15. 2025-06-17
    listed $165,000 Active 1704-char remark

    Show marketing remark (1704 chars)

    Welcome to this well-maintained home located in a quiet neighborhood in Edgewater, Florida. This 2-bedroom, 2-bathroom property offers a comfortable and functional layout with spacious living and dining areas. The highlight of the home is the large screened-in room—perfect for relaxing, entertaining, or enjoying Florida’s beautiful weather bug-free year-round. The kitchen features ample cabinet space and flows seamlessly into the main living areas. Both bedrooms are generously sized, and the primary suite includes an en-suite bath for added privacy. Outside, enjoy a nicely sized yard with plenty of room for gardening or outdoor activities. Located in the tranquil community of Terra Mar Village, residents enjoy exceptional amenities and a strong sense of community. The neighborhood offers two 40,000-gallon saline swimming pools, one of which is heated year-round, and a private 300-foot fishing pier along the scenic Florida Intracoastal Waterway. Outdoor enthusiasts will appreciate the shuffleboard, bocce ball, and horseshoe courts, while the large brick clubhouse is perfect for social gatherings and community events held throughout the year. Boating enthusiasts will love the newly constructed secure marina with covered boat lifts and slips, offering easy access to the Intracoastal Waterway (slip leases are currently available). A convenient community boat launch makes it easy to start your water adventures. Additionally, affordable on-site RV and trailer storage is available for a minimal monthly fee. Terra Mar Village provides a perfect balance of recreation, relaxation, and community, making it ideal for families or anyone seeking a peaceful yet active lifestyle.

16. 2025-01-01
    historical
17. 2024-12-31
    historical
18. 2024-09-13
    listed $158,000 Active
19. 2024-09-06
    listed $158,000 Active
20. 2024-02-01
    historical
21. 2023-07-19
    listed $150,000 Active
22. 2016-12-20
    soldstatus $52,000
23. 1988-11-01
    soldstatus $294,000

ⓘ 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: $1,141 · $95/mo
• Projected year-2 tax: $1,245 · $104/mo
• Expected delta: +$104/yr (+$9/mo · 9.1%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 97% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,948
• − Mortgage interest: −$8,402
• − Property taxes: −$1,141
• − Insurance: −$1,547
• − Repairs & maintenance: −$1,836
• − Management: −$1,836
• − HOA: −$2,880
• − Depreciation: −$4,364
• Taxable income: $941
• Est. tax owed @ 24.0%: −$226
• After-tax cash flow: $2,895/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

• 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

-49.0% since first listed

10 events — show timeline

• 2025-08-29 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-17 Listed $165,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-01 Listing Removed — Daytona MLS
• 2024-12-31 Listing Removed — SCMLS
• 2024-09-13 Listed $158,000 Daytona MLS
• 2024-09-06 Listed $158,000 SCMLS
• 2024-02-01 Listing Removed — Daytona MLS
• 2023-07-19 Listed $150,000 Daytona MLS
• 2016-12-20 Sold (Public Records) $52,000 Public Records
• 1988-11-01 Sold (Public Records) $294,000 Public Records

Property tax history

+8.8%/yr

Latest (2025): $1,141 · +1.6% YoY. Source: county tax records.