335 E Walts Ave · DeLand, FL 32724

$150,000

2 bd · 1.0 ba · 660 sqft · SingleFamily public records · 12 Days on market

Built 1957 10,670 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 +4.7/10.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

INVESTOR . . 2 BEDROOM 1 BATH, , HOME HAS POTENTIAL BUT NEEDS WORK. ..

Key facts

• Walk-in closet
• Newer roof
• Updated kitchen

Tags

• UPDATED KITCHEN
• WALK-IN CLOSET
• DIRECT BATHROOM ACCESS
• NEWER ROOF
• BRAND-NEW HVAC SYSTEM
• HISTORIC DISTRICT

Property features AI

Finance

• Other: Total living area reported as 660 square feet; Lot size about 0.24 acre; Shed(s) on property
• Financial info: No lease restrictions; Unfurnished
• HOA & community: No association fees

Exterior

• Parking: No designated parking
• Security: No home warranty
• Utilities: Public water; Public sewer; Electricity connected; Water connected
• Home design: Single family residence; One story; Faces east
• Construction: Block and concrete construction; Shingle roof; Built on crawlspace
• Exterior features: Front porch; Porch; Awnings; Exterior lighting; Private mailbox; Sidewalk; Corner lot; Located within city limits; Near public transit; Paved road

Interior

• Kitchen: Range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Crawlspace foundation noted
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Central heating; Electric heating; No central cooling
• Interior features: Ceiling fans; Open floor plan; Walk-in closet(s)
• Laundry & utility: Washer; Dryer; Tankless water heater; Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $192 ($2k/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 $145k (3.3% below list).
• Recommended offer: $145k (3.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#498 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, crime B; Watch: amenities F, commute F, health & safety 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: Blue Lake Elementary School (math 30% / reading 30%, grade F, #1,882 of 2,144 statewide, top 88%, 520 students, 75% FRL); Deland High School (math 26% / reading 45%, grade F, #367 of 667 statewide, top 57%, 2,926 students, 50% FRL).
• Zoned-school proficiency averages 33% at this address vs 46% district-wide (-14 pts) — the specific schools serving this property underperform the Volusia average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+2.8%/yr); 662 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).

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

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 11y 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 $22k; list at $150k implies a 598% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — 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 $145,027 (3.3% below list)

Questions for the listing agent

1. Built in 1957 — 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. 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.
5. 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.
6. 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: 0.97% ✗
• Cap rate: 7.83%
• Cash-on-cash: 5.48%
• DSCR: 1.24
• GRM: 8.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.82% rent growth · sell at horizon

5-year hold

• IRR: -8.0%
• Equity multiple: 0.71×
• Total profit: $-12,374
• Equity at exit: $22,365

10-year hold

• IRR: 1.3%
• Equity multiple: 1.09×
• Total profit: $3,775
• 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 32724

• Rents YoY: 2.8%
• Active inventory: 662
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,450 high
• Mortgage (P&I): −$787
• Tax from tax record: −$105 /mo · $1,256/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $192

Break-even live

Break-even rent $1,207

Max offer price $150,000

Occupancy floor 82%

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 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
400 E Howry Ave Deland, FL	1.0–2.0	1.0–2.0	956	$1,995	$2.09	11d	25	0.25mi
123 S Arlington Ave Unit C DeLand, FL	1.0	1.0	450	$1,150	$2.56	11d	1	0.38mi
202 Luella Ct Apt 3 DeLand, FL	1.0	1.0	610	$1,250	$2.05	14d	1	0.64mi
125 S Salisbury Ave Deland, FL	2.0	1.0	625	$1,200	$1.92	14d	2	0.92mi
501 W Ohio Ave Deland, FL	1.0	1.0	575	$1,095	$1.90	14d	1	1.00mi
501 W Ohio Ave Unit 19 DeLand, FL	1.0	1.0	575	$1,095	$1.90	14d	1	1.00mi
501 W Ohio Ave Unit L501WO19 DeLand, FL	1.0	1.0	575	$1,095	$1.90	23d	1	1.00mi
101 E New Hampshire Ave Deland, FL	1.0	1.0	576	$1,140	$1.98	11d	11	1.09mi
1312 Water Willow Dr DeLand, FL	1.0–2.0	1.0–2.0	785	$1,324	$1.69	23d	1	1.28mi
916 W New York Ave Deland, FL	1.0–2.0	1.0	700	$1,245	$1.78	14d	2	1.29mi
300 Miller Rd DeLand, FL	1.0–2.0	1.0–2.0	785	$1,324	$1.69	23d	1	1.34mi

Listing history 9 events

1. 2026-06-15
   statusdays on market $150,000 Pending 12 DOM
2. 2026-06-14
   days on market $150,000 Active 11 DOM
3. 2026-06-10
   days on market $150,000 Active 8 DOM
4. 2026-06-09
   days on market $150,000 Active 7 DOM
5. 2026-06-08
   days on market $150,000 Active 6 DOM
6. 2026-06-07
   days on market $150,000 Active 5 DOM
7. 2026-06-05
   days on market $150,000 Active 2 DOM
8. 2026-06-03
   remarks 699-char remark
9. 2026-06-03
   listed $150,000 Active 1 DOM

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

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,256 · $105/mo
• Projected year-2 tax: $1,256 · $105/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 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: $17,403
• − Mortgage interest: −$8,402
• − Property taxes: −$1,256
• − Insurance: −$750
• − Repairs & maintenance: −$1,392
• − Management: −$1,392
• − Depreciation: −$4,364
• Taxable loss: −$153
• Est. tax savings @ 24.0%: +$37
• After-tax cash flow: $2,340/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 — DeLand

• Score: 68/100
• State rank: #498
• US rank: #9197

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: DeLand, FL
• County: Volusia County · 556,871 people
• City population: 81,399
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 45,140
• Household income: $73,592
• Rent vs Own: 22.2% rent · 77.8% own
• Severe rent burden: 942.0

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% Hispanic / Latino 19% Two or more races 9% Black 6% Asian 1%
• Hispanic origin (detail): Mexican 9% Puerto Rican 5%
• Common ancestry: Romanian 2% Slovak 2% Lithuanian 2%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 14% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -215.80%
• Current HPI: 297.1837
• Rent YoY: ▲ 2.82%
• 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

+200.0% since first listed

10 events — show timeline

• 2026-06-02 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 2016-06-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-05-05 Price Changed $59,900 Stellar MLS as Distributed by MLS Grid
• 2016-04-12 Price Changed $64,900 Stellar MLS as Distributed by MLS Grid
• 2016-02-29 Price Changed $67,900 Stellar MLS as Distributed by MLS Grid
• 2016-02-06 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2015-05-20 Sold (MLS) $21,500 Stellar MLS as Distributed by MLS Grid
• 2015-05-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-04-25 Listed $34,900 Stellar MLS as Distributed by MLS Grid
• 2004-11-15 Sold (Public Records) $50,000 Public Records

Property tax history

+6.9%/yr

Latest (2025): $1,256 · +2.7% YoY. Source: county tax records.