2237 S Halifax Dr · Daytona Beach, FL 32118

$285,000

3 bd · 1.0 ba · 1,698 sqft · SingleFamily public records · 8 Days on market

Built 1949 0.35 ac lot

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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 +18.1/30.0
• ARV discount +7.5/15.0
• DSCR +5.7/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• 1% rule +3.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

CHARMING 4-BEDROOM, 2-BATH BEACHSIDE HOME ON LARGE LOT LOCATED RIGHT ACROSS THE STREET FROM THE INTRACOASTAL WATERWAY AND A SHORT WALK TO THE WORLD'S MOST FAMOUS BEACH. .. GREAT OPPORTUNITY TO OWN A PIECE OF CLASSIC FLORIDA LIVING!! THIS 1949-BUILT HOME OFFERS INCREDIBLE POTENTIAL TO RENOVATE, EXPAND OR CREATE YOUR CUSTOM COASTAL DREAM HOME. .. WHETHER YOU'RE AN INVESTOR, BUILDER OR BUYER WITH A VISION, THE LOCATION ALONE MAKES THIS AN EXCEPTIONAL FIND. HOME FEATURES 4-BEDROOMS, TWO BATHROOMS. .. DINING ROOM, KITCHEN AND SPACIOUS LIVING ROOM WITH ORIGINAL WOOD BEAMS AND SCENIC BACKYARD VIEWS. .. SEPARATE WING W/ THREE BEDROOMS AND FULL BATH. GARAGE CONVERTED TO 4TH BEDROOM W/ FULL BATH. HOME ALSO INCLUDES SOME ORIGINAL HARD-WOOD FLOORING, INSIDE LAUNDRY, COVERED CARPORT, SHED AND CIRCULAR DRIVEWAY. .. ONLY A FEW MILES FROM TO DAYTONA INTERNATIONAL SPEEDWAY AND DAYTONA INTERNATIONAL AIRPORT.

Key facts

• Original wood beams
• Large lot
• Separate wing

Tags

• LARGE LOT
• SHORT WALK TO THE BEACH
• ORIGINAL WOOD BEAMS
• SCENIC BACKYARD VIEWS
• SEPARATE WING
• INSIDE LAUNDRY

Property features AI

Finance

• Other: Homestead exempt; Zoning: 02R3
• HOA & community: No homeowners association; Located in the Bridgeport Heights development

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Cable available; Electricity connected
• Home design: Single family residence; One level; West-facing
• Construction: Asbestos siding/materials; Shingle roof; Concrete perimeter foundation; Built in approximately mid-to-late 20th century (year not provided)
• Exterior features: Private mailbox; Asphalt road frontage

Interior

• Kitchen: Built-in oven; Range; Dishwasher; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Oil heating; Wall/window air conditioning units
• Interior features: Ceiling fans; Fireplace in the family room
• Laundry & utility: Washer and dryer located inside

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $285k.

Deal economics

• At list price, monthly cash flow is $184 ($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 $247k (13.3% below list).
• Recommended offer: $247k (13.3% below list) — sets the bar for 1% rule.

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: 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.
• Zoned schools: R. J. Longstreet Elementary School (math 57% / reading 57%, grade C+, #781 of 2,144 statewide, top 38%, 359 students, 60% FRL); Mainland High School (math 30% / reading 37%, grade F, #400 of 667 statewide, top 61%, 1,855 students, 64% FRL).
• Market conditions: Rents soft (-0.2%/yr); 920 active listings in the ZIP; 16 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 $2,472/mo this rent would consume 48% 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 $2k of loan paydown is wiped out by about $9k 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 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 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

• Watch-outs: flood insurance adds $66/mo; built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $247,217 (13.3% below list)

Questions for the listing agent

1. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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: 0.87% ✗
• Cap rate: 7.35%
• Cash-on-cash: 3.76%
• DSCR: 1.17
• GRM: 9.6

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: -15.1%
• Equity multiple: 0.48×
• Total profit: $-41,815
• Equity at exit: $42,494

10-year hold

• IRR: -11.9%
• Equity multiple: 0.38×
• Total profit: $-49,696
• Equity at exit: $24,642

Cash invested: $79,800 (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: 9.6×

Monthly cashflow live

• Estimated rent: $2,472 high
• Mortgage (P&I): −$1,495
• Tax from tax record: −$90 /mo · $1,075/yr
• Insurance: −$119
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$519
• Net cashflow: $184

Break-even live

Break-even rent $2,240

Max offer price $285,000

Occupancy floor 88%

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: $71,250
• Closing costs: $8,550
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
127 Moore Ave Daytona Beach, FL	2.0	2.0	1616	$1,900	$1.18	23d	1	0.17mi
2055 S Atlantic Ave Unit 1545833P Daytona Beach, FL	3.0	3.0	1991	$2,819	$1.42	14d	1	0.40mi
2037 Schulte Ave Daytona Beach, FL	3.0	1.5	1170	$2,600	$2.22	23d	1	0.47mi
4 Pleasant View Cir Daytona Beach, FL	2.0	2.0	1560	$2,200	$1.41	23d	1	0.58mi
1229 S Beach St Daytona Beach, FL	1.0–3.0	1.0–2.0	906	$2,125	$2.34	19d	1	0.70mi
1909 S Atlantic Ave Daytona Beach, FL	2.0	1.0–2.0	1146	$2,250	$1.96	23d	2	0.74mi
2545 S Atlantic Ave Daytona Beach Shores, FL	2.0–3.0	2.0–3.0	1700	$6,000	$3.53	23d	3	0.82mi
1401 S Palmetto Ave Daytona Beach, FL	1.0–2.0	1.0–2.0	890	$1,800	$2.02	23d	3	0.86mi
268 Florida Shores Blvd #268 Daytona Beach Shores, FL	2.0	2.5	1428	$2,250	$1.58	23d	1	0.89mi
2555 S Atlantic Ave Daytona Beach Shores, FL	2.0–3.0	2.0–3.0	1693	$5,500	$3.25	23d	2	0.90mi
136 Florida Shores Blvd Daytona Beach, FL	3.0	2.5	1711	$2,500	$1.46	11d	1	0.92mi
207 Francis Parkman Pl Unit 1 Daytona Beach, FL	2.0	1.0	1200	$1,550	$1.29	23d	1	0.97mi
329 Wilder Blvd Daytona Beach, FL	2.0	2.0	1161	$1,900	$1.64	23d	1	1.07mi
602 Temko Ter Daytona Beach, FL	3.0	2.0	1642	$3,500	$2.13	23d	1	1.09mi
100 Silver Beach Ave #816 Daytona Beach, FL	2.0	2.0	1095	$1,950	$1.78	23d	1	1.40mi
512 Phoenix Ave Unit 3 Daytona Beach, FL	2.0	1.0	1400	$1,450	$1.04	14d	1	1.40mi

Listing history 2 events

1. 2026-05-13
   listed $285,000 Active 905-char remark

   Show marketing remark (905 chars)

   CHARMING 4-BEDROOM, 2-BATH BEACHSIDE HOME ON LARGE LOT LOCATED RIGHT ACROSS THE STREET FROM THE INTRACOASTAL WATERWAY AND A SHORT WALK TO THE WORLD'S MOST FAMOUS BEACH. .. GREAT OPPORTUNITY TO OWN A PIECE OF CLASSIC FLORIDA LIVING!! THIS 1949-BUILT HOME OFFERS INCREDIBLE POTENTIAL TO RENOVATE, EXPAND OR CREATE YOUR CUSTOM COASTAL DREAM HOME. .. WHETHER YOU'RE AN INVESTOR, BUILDER OR BUYER WITH A VISION, THE LOCATION ALONE MAKES THIS AN EXCEPTIONAL FIND. HOME FEATURES 4-BEDROOMS, TWO BATHROOMS. .. DINING ROOM, KITCHEN AND SPACIOUS LIVING ROOM WITH ORIGINAL WOOD BEAMS AND SCENIC BACKYARD VIEWS. .. SEPARATE WING W/ THREE BEDROOMS AND FULL BATH. GARAGE CONVERTED TO 4TH BEDROOM W/ FULL BATH. HOME ALSO INCLUDES SOME ORIGINAL HARD-WOOD FLOORING, INSIDE LAUNDRY, COVERED CARPORT, SHED AND CIRCULAR DRIVEWAY. .. ONLY A FEW MILES FROM TO DAYTONA INTERNATIONAL SPEEDWAY AND DAYTONA INTERNATIONAL AIRPORT.

2. 2026-05-13
   listed $285,000 Active 914-char remark

   Show marketing remark (905 chars)

   CHARMING 4-BEDROOM, 2-BATH BEACHSIDE HOME ON LARGE LOT LOCATED RIGHT ACROSS THE STREET FROM THE INTRACOASTAL WATERWAY AND A SHORT WALK TO THE WORLD'S MOST FAMOUS BEACH. .. GREAT OPPORTUNITY TO OWN A PIECE OF CLASSIC FLORIDA LIVING!! THIS 1949-BUILT HOME OFFERS INCREDIBLE POTENTIAL TO RENOVATE, EXPAND OR CREATE YOUR CUSTOM COASTAL DREAM HOME. .. WHETHER YOU'RE AN INVESTOR, BUILDER OR BUYER WITH A VISION, THE LOCATION ALONE MAKES THIS AN EXCEPTIONAL FIND. HOME FEATURES 4-BEDROOMS, TWO BATHROOMS. .. DINING ROOM, KITCHEN AND SPACIOUS LIVING ROOM WITH ORIGINAL WOOD BEAMS AND SCENIC BACKYARD VIEWS. .. SEPARATE WING W/ THREE BEDROOMS AND FULL BATH. GARAGE CONVERTED TO 4TH BEDROOM W/ FULL BATH. HOME ALSO INCLUDES SOME ORIGINAL HARD-WOOD FLOORING, INSIDE LAUNDRY, COVERED CARPORT, SHED AND CIRCULAR DRIVEWAY. .. ONLY A FEW MILES FROM TO DAYTONA INTERNATIONAL SPEEDWAY AND DAYTONA INTERNATIONAL AIRPORT.

ⓘ 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: $1,075 · $90/mo
• Projected year-2 tax: $2,366 · $197/mo
• Expected delta: +$1,291/yr (+$108/mo · 120.1%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 76% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥103°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,666
• − Mortgage interest: −$15,964
• − Property taxes: −$1,075
• − Insurance: −$2,222
• − Repairs & maintenance: −$2,373
• − Management: −$2,373
• − Depreciation: −$8,291
• Taxable loss: −$2,633
• Est. tax savings @ 24.0%: +$632
• After-tax cash flow: $2,836/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

+0.0% since first listed

4 events — show timeline

• 2026-05-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-22 Pending — Daytona MLS
• 2026-05-13 Listed $285,000 Daytona MLS
• 2026-05-13 Listed $285,000 Stellar MLS as Distributed by MLS Grid

Property tax history

-2.0%/yr

Latest (2025): $1,075 · +4.2% YoY. Source: county tax records.