3328 Tuscano Ave · New Smyrna Beach, FL 32168

$349,000

3 bd · 2.0 ba · 1,430 sqft · SingleFamily public records · 18 Days on market

Built 2014 6,960 sqft lot $79/mo HOA · 3% of rent

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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 +11.6/30.0
• ARV discount +7.5/15.0
• Rent growth +3.9/5.0
• Schools +3.9/10.0
• Livability +3.5/5.0
• DSCR +3.4/10.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully maintained home in the highly sought-after Venetian Bay community! Situated on a spacious corner lot with a desirable rear-entry garage, this 3 bedroom 2 bathroom property offers both curb appeal and functionality. The thoughtfully designed landscaping with decorative white stone accents and added gutters enhance the home's exterior charm and low-maintenance lifestyle. Step inside to discover a bright, open-concept layout featuring brand new AC vaulted ceilings and a seamless flow between the kitchen, dining, and living areas, perfect for both everyday living and entertaining. The kitchen features granite countertops with stainless steel appliances and overlooks the main living space, creating a welcoming and connected atmosphere. Enjoy tile flooring throughout the entire home, no carpet, providing a clean, modern feel and easy upkeep. The split-bedroom floor plan offers privacy, while the screened-in back porch provides a relaxing space to unwind and enjoy the Florida lifestyle year-round. As part of Venetian Bay, you'll enjoy access to pickleball and tennis courts, basketball court, miles of trails, and a vibrant town center with a market, restaurant, spa, coffee shop, and fitness center. Golf enthusiasts will love the 18-hole championship golf course and clubhouse. Minutes from Canal Street Historic District, Flagler Avenue, and the beautiful beaches of New Smyrna Beach. All information is intended to be accurate, however not guaranteed.

Key facts

• Added gutters
• Rear-entry garage
• Granite countertops

Tags

• REAR-ENTRY GARAGE
• DECORATIVE WHITE STONE ACCENTS
• ADDED GUTTERS
• OPEN-CONCEPT LAYOUT
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $349k.

Deal economics

• At list price, monthly cash flow is $-109 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $330k (5.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $270k (22.7% below list).
• Recommended offer: $270k (22.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 69/100 on livability (#474 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment 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.
• Market conditions: Rents rising fast (+5.6%/yr); 601 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 42% of the median local income ($77k/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 $2k of loan paydown is wiped out by about $10k 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 18 days — a 2% lower offer ($344k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $269,920 (22.7% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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?
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: 0.77% ✗
• Cap rate: 5.92%
• Cash-on-cash: -1.34%
• DSCR: 0.94
• GRM: 10.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.6% rent growth · sell at horizon

5-year hold

• IRR: -15.9%
• Equity multiple: 0.42×
• Total profit: $-56,308
• Equity at exit: $52,037

10-year hold

• IRR: -3.7%
• Equity multiple: 0.73×
• Total profit: $-26,868
• Equity at exit: $30,175

Cash invested: $97,720 (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 32168

• Home prices YoY: -27.0%
• Rents YoY: 5.6%
• Active inventory: 601
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $2,699 medium
• Mortgage (P&I): −$1,830
• Tax from tax record: −$187 /mo · $2,240/yr
• Insurance: −$145
• HOA: −$79
• Vacancy / Maint / Mgmt: −$567
• Net cashflow: $-109

Break-even live

Break-even rent $2,837

Max offer price $329,763

Occupancy floor 99%

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: $87,250
• Closing costs: $10,470
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
419 Luna Bella Ln New Smyrna Beach, FL	1.0–3.0	1.0–2.0	1061	$2,657	$2.50	14d	23	0.31mi
426 Venetian Palms Blvd New Smyrna Beach, FL	3.0	2.5	1758	$2,300	$1.31	23d	1	0.63mi
3036 Meleto Blvd New Smyrna Beach, FL	3.0	2.5	1672	$3,000	$1.79	23d	1	0.63mi

HOA detail

• Monthly dues: $79 · $948/yr
• Likely covers: landscapinggym

Listing history 5 events

1. 2026-04-11
   status Pending 1492-char remark

   Show marketing remark (1492 chars)

   Welcome to this beautifully maintained home in the highly sought-after Venetian Bay community! Situated on a spacious corner lot with a desirable rear-entry garage, this 3 bedroom 2 bathroom property offers both curb appeal and functionality. The thoughtfully designed landscaping with decorative white stone accents and added gutters enhance the home's exterior charm and low-maintenance lifestyle. Step inside to discover a bright, open-concept layout featuring brand new AC vaulted ceilings and a seamless flow between the kitchen, dining, and living areas, perfect for both everyday living and entertaining. The kitchen features granite countertops with stainless steel appliances and overlooks the main living space, creating a welcoming and connected atmosphere. Enjoy tile flooring throughout the entire home, no carpet, providing a clean, modern feel and easy upkeep. The split-bedroom floor plan offers privacy, while the screened-in back porch provides a relaxing space to unwind and enjoy the Florida lifestyle year-round. As part of Venetian Bay, you'll enjoy access to pickleball and tennis courts, basketball court, miles of trails, and a vibrant town center with a market, restaurant, spa, coffee shop, and fitness center. Golf enthusiasts will love the 18-hole championship golf course and clubhouse. Minutes from Canal Street Historic District, Flagler Avenue, and the beautiful beaches of New Smyrna Beach. All information is intended to be accurate, however not guaranteed.

2. 2026-04-11
   status Pending

   Show marketing remark (1492 chars)

   Welcome to this beautifully maintained home in the highly sought-after Venetian Bay community! Situated on a spacious corner lot with a desirable rear-entry garage, this 3 bedroom 2 bathroom property offers both curb appeal and functionality. The thoughtfully designed landscaping with decorative white stone accents and added gutters enhance the home's exterior charm and low-maintenance lifestyle. Step inside to discover a bright, open-concept layout featuring brand new AC vaulted ceilings and a seamless flow between the kitchen, dining, and living areas, perfect for both everyday living and entertaining. The kitchen features granite countertops with stainless steel appliances and overlooks the main living space, creating a welcoming and connected atmosphere. Enjoy tile flooring throughout the entire home, no carpet, providing a clean, modern feel and easy upkeep. The split-bedroom floor plan offers privacy, while the screened-in back porch provides a relaxing space to unwind and enjoy the Florida lifestyle year-round. As part of Venetian Bay, you'll enjoy access to pickleball and tennis courts, basketball court, miles of trails, and a vibrant town center with a market, restaurant, spa, coffee shop, and fitness center. Golf enthusiasts will love the 18-hole championship golf course and clubhouse. Minutes from Canal Street Historic District, Flagler Avenue, and the beautiful beaches of New Smyrna Beach. All information is intended to be accurate, however not guaranteed.

3. 2026-03-24
   listed $349,000 Active 1492-char remark

   Show marketing remark (1492 chars)

   Welcome to this beautifully maintained home in the highly sought-after Venetian Bay community! Situated on a spacious corner lot with a desirable rear-entry garage, this 3 bedroom 2 bathroom property offers both curb appeal and functionality. The thoughtfully designed landscaping with decorative white stone accents and added gutters enhance the home's exterior charm and low-maintenance lifestyle. Step inside to discover a bright, open-concept layout featuring brand new AC vaulted ceilings and a seamless flow between the kitchen, dining, and living areas, perfect for both everyday living and entertaining. The kitchen features granite countertops with stainless steel appliances and overlooks the main living space, creating a welcoming and connected atmosphere. Enjoy tile flooring throughout the entire home, no carpet, providing a clean, modern feel and easy upkeep. The split-bedroom floor plan offers privacy, while the screened-in back porch provides a relaxing space to unwind and enjoy the Florida lifestyle year-round. As part of Venetian Bay, you'll enjoy access to pickleball and tennis courts, basketball court, miles of trails, and a vibrant town center with a market, restaurant, spa, coffee shop, and fitness center. Golf enthusiasts will love the 18-hole championship golf course and clubhouse. Minutes from Canal Street Historic District, Flagler Avenue, and the beautiful beaches of New Smyrna Beach. All information is intended to be accurate, however not guaranteed.

4. 2026-03-24
   listed $349,000 Active

   Show marketing remark (1492 chars)

   Welcome to this beautifully maintained home in the highly sought-after Venetian Bay community! Situated on a spacious corner lot with a desirable rear-entry garage, this 3 bedroom 2 bathroom property offers both curb appeal and functionality. The thoughtfully designed landscaping with decorative white stone accents and added gutters enhance the home's exterior charm and low-maintenance lifestyle. Step inside to discover a bright, open-concept layout featuring brand new AC vaulted ceilings and a seamless flow between the kitchen, dining, and living areas, perfect for both everyday living and entertaining. The kitchen features granite countertops with stainless steel appliances and overlooks the main living space, creating a welcoming and connected atmosphere. Enjoy tile flooring throughout the entire home, no carpet, providing a clean, modern feel and easy upkeep. The split-bedroom floor plan offers privacy, while the screened-in back porch provides a relaxing space to unwind and enjoy the Florida lifestyle year-round. As part of Venetian Bay, you'll enjoy access to pickleball and tennis courts, basketball court, miles of trails, and a vibrant town center with a market, restaurant, spa, coffee shop, and fitness center. Golf enthusiasts will love the 18-hole championship golf course and clubhouse. Minutes from Canal Street Historic District, Flagler Avenue, and the beautiful beaches of New Smyrna Beach. All information is intended to be accurate, however not guaranteed.

5. 2006-04-06
   soldstatus $5,016,000

ⓘ 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: $2,240 · $187/mo
• Projected year-2 tax: $2,897 · $241/mo
• Expected delta: +$657/yr (+$55/mo · 29.3%)

ⓘ 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 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 22 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,390
• − Mortgage interest: −$19,549
• − Property taxes: −$2,240
• − Insurance: −$1,745
• − Repairs & maintenance: −$2,591
• − Management: −$2,591
• − HOA: −$948
• − Depreciation: −$10,153
• Taxable loss: −$7,427
• Est. tax savings @ 24.0%: +$1,782
• After-tax cash flow: $476/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 — New Smyrna Beach

• Score: 69/100
• State rank: #474
• US rank: #8577

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Smyrna Beach, FL
• County: Volusia County · 556,871 people
• City population: 42,039
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 31,847
• Household income: $77,083
• Rent vs Own: 23.3% rent · 76.7% own
• Severe rent burden: 1139.0

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 (85%)
• Race & ethnicity: White 85% Hispanic / Latino 6% Black 5% Two or more races 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Romanian 4% Italian 3% Lithuanian 2%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 93% English-only · Spanish 5% 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: ▼ -129.58%
• Current HPI: 350.4259
• Rent YoY: ▲ 5.60%
• 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

-93.0% since first listed

5 events — show timeline

• 2026-04-11 Pending — Daytona MLS
• 2026-04-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Listed $349,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Listed $349,000 Daytona MLS
• 2006-04-06 Sold (Public Records) $5,016,000 Public Records

Property tax history

+16.6%/yr

Latest (2025): $2,240 · +1.8% YoY. Source: county tax records.