2400 N Halifax Ave · Daytona Beach, FL 32118

$5,000

4 bd · 3.5 ba · 2,203 sqft · SingleFamily public records · 6 Days on market

Built 1950

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Foreclosure Auction Ends June 12, 2026, at 11:00 AM EST. Explore this charming 3-bedroom, 1-bath residence set in a peaceful and well-located Daytona Beach community. The list price is the opening bid for the online auction. Sold As-is. Explore more details and submit your bid through Federa.

Key facts

• 2 garage spots
• Listed 5 days

Property features AI

Exterior

• Parking: Attached or detached 2-car garage
• Home design: Residential property; Single-story
• Exterior features: Lot approximately 0.18 acres; Zoned SFR-5

Interior

• Bathrooms: Three full bathrooms; One half bathroom
• Interior features: One-level living

What this means for you Summary

Snapshot

• This is a 4-bed/3.5-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $2k ($29k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $5k).

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 soft (-0.2%/yr); 920 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• At $3,078/mo this rent would consume 60% of the median local household income ($61k/yr) (locally 937% 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 (-3.0%/yr); year-one equity from $35 of loan paydown is wiped out by about $150 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 16 sale attempts since 14y 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.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $5,000

Questions for the listing agent

1. Built in 1950 — 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. 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?
4. 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?
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: 61.56% ✓
• Cap rate: 581.62%
• Cash-on-cash: 2054.75%
• DSCR: 92.42
• GRM: 0.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 103.07×
• Total profit: $142,895
• Equity at exit: $746

10-year hold

• IRR: —
• Equity multiple: 205.54×
• Total profit: $286,356
• Equity at exit: $432

Cash invested: $1,400 (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 32118

• Rents YoY: -0.2%
• Active inventory: 920
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $3,078 high
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• HOA: −$0
• Vacancy / Maint / Mgmt: −$646
• Net cashflow: $2,397

Break-even live

Break-even rent $44

Max offer price $5,000

Occupancy floor 17%

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: $1,250
• Closing costs: $150
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
94 Ivanhoe Dr Ormond Beach, FL	3.0	2.0	2074	$4,500	$2.17	23d	1	0.53mi
2300 N Atlantic Ave #502 Daytona Beach, FL	3.0	2.0	2000	$4,000	$2.00	23d	1	0.58mi
217 Zelda Blvd Daytona Beach, FL	4.0	2.0	2196	$2,500	$1.14	14d	1	0.83mi
733 Buena Vista Ave Ormond Beach, FL	3.0	2.0	1485	$2,400	$1.62	23d	1	1.02mi
462 Magnolia St Ormond Beach, FL	3.0	2.0	1502	$2,100	$1.40	14d	1	1.29mi
497 Grandview Ave Ormond Beach, FL	3.0	2.0	1590	$2,800	$1.76	23d	1	1.31mi
1216 N Atlantic Ave Daytona Beach, FL	1.0–3.0	1.0–2.0	1112	$4,400	$3.96	18d	99	1.32mi

Listing history 6 events

1. 2026-06-10
   days on market $5,000 Active 6 DOM
2. 2026-06-09
   days on market $5,000 Active 5 DOM
3. 2026-06-08
   days on market $5,000 Active 4 DOM
4. 2026-06-07
   days on market $5,000 Active 3 DOM
5. 2026-06-05
   remarks 293-char remark
6. 2026-06-05
   listed $5,000 Active 1 DOM

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 17% 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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,938
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$25
• − Repairs & maintenance: −$2,955
• − Management: −$2,955
• − Depreciation: −$145
• Taxable income: $30,503
• Est. tax owed @ 24.0%: −$7,321
• After-tax cash flow: $21,446/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): 18,383
• Household income: $61,266
• Rent vs Own: 34.4% rent · 65.6% own
• Severe rent burden: 937.0

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 (81%)
• Race & ethnicity: White 81% Two or more races 7% Hispanic / Latino 7% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 12% · Canada, Vietnam, Dominican Republic
• Languages at home: 85% English-only · Spanish 5% Other Indo-European 3% Russian/Polish/Slavic 2%

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: ▼ -534.90%
• Current HPI: 262.3757
• Rent YoY: ▼ -0.21%
• 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

-83.3% since first listed

51 events — show timeline

• 2026-06-04 Listed $5,000 NFMLS
• 2025-01-30 Pending — Daytona MLS
• 2025-01-24 Relisted — Daytona MLS
• 2025-01-22 Pending — Daytona MLS
• 2024-09-19 Price Changed $369,000 Daytona MLS
• 2024-08-20 Relisted — Daytona MLS
• 2024-07-01 Listing Removed — Daytona MLS
• 2024-07-01 Listing Removed — Daytona MLS
• 2024-06-28 Listed $380,000 Daytona MLS
• 2024-06-05 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-05-24 Price Changed $419,000 SCMLS
• 2024-05-24 Price Changed $419,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-30 Price Changed $423,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-30 Price Changed $423,000 SCMLS
• 2024-04-22 Price Changed $425,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-22 Price Changed $425,000 SCMLS
• 2024-04-10 Price Changed $427,000 SCMLS
• 2024-04-09 Price Changed $427,000 Stellar MLS as Distributed by MLS Grid
• 2023-12-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-12-14 Relisted — SCMLS
• 2023-11-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-11-06 Pending — SCMLS
• 2023-11-06 Listing Removed — SCMLS
• 2023-10-26 Listed $429,000 SCMLS
• 2023-10-26 Listed $429,000 Stellar MLS as Distributed by MLS Grid
• 2021-08-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2021-06-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-06-22 Price Changed $359,900 Stellar MLS as Distributed by MLS Grid
• 2021-05-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-05-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-05-08 Listing Removed — Daytona MLS
• 2021-04-19 Listed $360,000 Stellar MLS as Distributed by MLS Grid
• 2021-03-26 Price Changed $379,932 Daytona MLS
• 2021-02-26 Relisted — Daytona MLS
• 2021-02-19 Contingent — Daytona MLS
• 2021-01-18 Price Changed $384,932 Daytona MLS
• 2020-12-21 Price Changed $389,932 Daytona MLS
• 2020-12-10 Price Changed $394,932 Daytona MLS
• 2020-11-17 Listed $399,932 Daytona MLS
• 2020-11-04 Listing Removed — Daytona MLS
• 2020-11-04 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2020-08-13 Price Changed $399,932 Stellar MLS as Distributed by MLS Grid
• 2020-08-13 Price Changed $399,932 Daytona MLS
• 2020-07-21 Listed $409,932 Stellar MLS as Distributed by MLS Grid
• 2020-07-17 Listed $409,932 Daytona MLS
• 2018-09-17 Sold (Public Records) $194,000 Public Records
• 2018-09-17 Sold (Public Records) $142,000 Public Records
• 2012-12-03 Sold (Public Records) $145,000 Public Records
• 2012-11-30 Sold (MLS) $145,000 Daytona MLS
• 2012-04-24 Listed $149,900 Daytona MLS
• 1972-03-01 Sold (Public Records) $30,000 Public Records

Property tax history

+8.0%/yr

Latest (2025): $7,289 · -0.7% YoY. Source: county tax records.