326 Jefferson St · Daytona Beach, FL 32114

$199,000

2 bd · 1.0 ba · 1,066 sqft · Other public records · 292 Days on market

Built 1947 7,550 sqft lot ↓ 17% since listing

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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 +13.3/30.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• DSCR +4.0/10.0
• Schools +3.9/10.0
• Rent growth +3.4/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Excellent investment opportunity in the heart of Daytona Beach! Lot supports for expansion to a triplex! This multifamily property features two spacious 2-bedroom, 1-bathroom units, offering steady income potential just minutes from local colleges and the world-famous beach. Each unit provides comfortable living space, and the property boasts a generous backyard perfect for outdoor enjoyment. Major upgrades include a newer roof (2023) and a new AC system (2024), ensuring long-term value and reliability. Ideal for investors seeking a turnkey rental in a high-demand area. * 24K Gross Income. All information deemed to be reliable but is not guaranteed.

Key facts

• Tenant occupied
• Newer roof
• New ac system

Tags

• TENANT OCCUPIED
• SPACIOUS UNITS
• GENEROUS BACKYARD
• NEWER ROOF
• NEW AC SYSTEM
• TURNKEY RENTAL

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $199k.

Deal economics

• At list price, monthly cash flow is $-124 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $177k (11.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $158k (20.7% below list).
• Recommended offer: $158k (20.7% 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: 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 rising (+3.6%/yr); 310 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• At $1,577/mo this rent would consume 45% of the median local household income ($42k/yr) (locally 2772% 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 $1k of loan paydown is wiped out by about $6k 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 292 days — a 12% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $30k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo; built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); 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 $157,743 (20.7% 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. It's been on market 292 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.79% ✗
• Cap rate: 6.30%
• Cash-on-cash: 0.02%
• DSCR: 1.00
• GRM: 10.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.57% rent growth · sell at horizon

5-year hold

• IRR: -20.1%
• Equity multiple: 0.30×
• Total profit: $-39,242
• Equity at exit: $29,672

10-year hold

• IRR: -11.9%
• Equity multiple: 0.27×
• Total profit: $-40,515
• Equity at exit: $17,206

Cash invested: $55,720 (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 32114

• Home prices YoY: -21.8%
• Rents YoY: 3.6%
• Active inventory: 310
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,577 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$119 /mo · $1,427/yr
• Insurance: −$83
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $-124

Break-even live

Break-even rent $1,735

Max offer price $177,016

Occupancy floor —

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
249 College Park Dr Daytona Beach, FL	2.0	1.0	1000	$1,425	$1.43	21d	1	0.08mi
417 Jefferson St #1 Daytona Beach, FL	2.0	1.0	700	$1,890	$2.70	23d	1	0.29mi
422 N Lincoln St Daytona Beach, FL	3.0	2.0	1354	$2,150	$1.59	23d	1	0.31mi
512 Fulton St Daytona Beach, FL	2.0	1.0	963	$1,600	$1.66	23d	1	0.43mi
860 Magnolia Ave Unit 3 Daytona Beach, FL	2.0	1.0	800	$1,300	$1.62	19d	1	0.49mi
550 Ruth St Daytona Beach, FL	3.0	2.0	1114	$1,995	$1.79	11d	1	0.52mi
601 Vera St Unit 601 Daytona Beach, FL	2.0	1.0	1113	$1,700	$1.53	23d	1	0.53mi
326 Hobart Ave Daytona Beach, FL	3.0	1.0	979	$2,150	$2.20	23d	1	0.65mi
625 Holmes Ave Daytona Beach, FL	2.0	1.0	768	$995	$1.30	21d	1	0.68mi
507 N Ridgewood Ave Unit 4 Daytona Beach, FL	1.0	1.0	800	$900	$1.12	23d	1	0.77mi
209 Taylor Ave Unit 2 Daytona Beach, FL	3.0	1.0	970	$2,490	$2.57	23d	1	0.87mi
422 Henry Butts Dr Daytona Beach, FL	1.0	1.0	851	$875	$1.03	23d	1	0.88mi
519 Colfax Dr Daytona Beach, FL	3.0	1.5	1288	$1,700	$1.32	23d	1	0.88mi
417 Maple St Daytona Beach, FL	2.0	1.0	768	$850	$1.11	23d	1	0.90mi
342 S Segrave St Daytona Beach, FL	2.0	1.0	900	$1,125	$1.25	23d	1	0.91mi
119 Thomasson Ave Daytona Beach, FL	2.0	1.0	851	$1,199	$1.41	11d	2	1.04mi
213 Live Oak Ave Unit B Daytona Beach, FL	2.0	1.0	900	$1,285	$1.43	23d	1	1.05mi
213 Live Oak Ave Unit A Daytona Beach, FL	2.0	1.0	900	$1,255	$1.39	23d	1	1.05mi
218 Center St Daytona Beach, FL	3.0	2.0	1234	$2,190	$1.77	21d	1	1.11mi
464 Brentwood Dr Daytona Beach, FL	1.0–2.0	1.0	850	$1,365	$1.61	11d	8	1.14mi
138 Kingston Ave Daytona Beach, FL	3.0	2.0	996	$1,900	$1.91	23d	1	1.16mi
736 White St Daytona Beach, FL	3.0	2.0	1092	$1,799	$1.65	23d	1	1.17mi
500 S Beach St Unit K1 Daytona Beach, FL	2.0	1.0	750	$1,050	$1.40	14d	1	1.23mi
500 S Beach St Unit K2 Daytona Beach, FL	2.0	1.0	750	$1,050	$1.40	21d	1	1.23mi
244 Lexington Dr Daytona Beach, FL	3.0	1.0	1099	$2,550	$2.32	14d	1	1.25mi
118 Cedar St Daytona Beach, FL	2.0	1.0	537	$1,870	$3.48	11d	28	1.29mi
171 Daytona Ave Daytona Beach, FL	2.0	2.0	835	$1,650	$1.98	23d	1	1.32mi
331 Clifton Ave Daytona Beach, FL	3.0	2.0	1355	$2,050	$1.51	23d	1	1.34mi
802 Lewis Dr Daytona Beach, FL	3.0	1.0	1223	$1,700	$1.39	23d	1	1.40mi
751 Bellevue Ave Unit 1 Daytona Beach, FL	2.0	1.0	816	$1,390	$1.70	23d	1	1.43mi
322 Bellevue Ave Apt 4 Daytona Beach, FL	1.0	1.0	1144	$995	$0.87	11d	1	1.46mi
808 Valencia Ave Daytona Beach, FL	3.0	2.0	1222	$2,200	$1.80	23d	1	1.46mi
100 Navigator DR Daytona Beach, FL	1.0–3.0	1.0–2.0	1029	$1,458	$1.42	11d	25	1.47mi
520 Zinfandel Dr Unit 1 Daytona Beach, FL	3.0	2.5	1463	$2,500	$1.71	23d	1	1.47mi
430 Dorothy Ave Daytona Beach, FL	3.0	1.0	1103	$1,700	$1.54	14d	1	1.47mi
908 Lora St Unit A Daytona Beach, FL	2.0	1.0	775	$1,300	$1.68	23d	1	1.49mi

Listing history 11 events

1. 2026-06-05
   days on market $199,000 Active 292 DOM
2. 2026-06-03
   days on market $199,000 Active 291 DOM
3. 2026-06-03
   days on market $199,000 Active 290 DOM
4. 2026-06-01
   days on market $199,000 Active 289 DOM
5. 2026-05-31
   days on market $199,000 Active 288 DOM
6. 2026-05-31
   days on market $199,000 Active 287 DOM
7. 2025-11-24
   price $199,000 657-char remark

   Show marketing remark (555 chars)

   Excellent investment opportunity in the heart of Daytona Beach! This multifamily property features two spacious 2-bedroom, 1-bathroom units, offering steady income potential just minutes from local colleges and the world-famous beach. Each unit provides comfortable living space, and the property boasts a generous backyard perfect for outdoor enjoyment. Major upgrades include a newer roof (2023) and a new AC system (2024), ensuring long-term value and reliability. Ideal for investors seeking a turnkey rental in a high-demand area. * 24K Gross Income.

8. 2025-11-24
   price $199,000 555-char remark

   Show marketing remark (555 chars)

   Excellent investment opportunity in the heart of Daytona Beach! This multifamily property features two spacious 2-bedroom, 1-bathroom units, offering steady income potential just minutes from local colleges and the world-famous beach. Each unit provides comfortable living space, and the property boasts a generous backyard perfect for outdoor enjoyment. Major upgrades include a newer roof (2023) and a new AC system (2024), ensuring long-term value and reliability. Ideal for investors seeking a turnkey rental in a high-demand area. * 24K Gross Income.

9. 2025-08-16
   listed $229,000 Active 555-char remark

   Show marketing remark (555 chars)

   Excellent investment opportunity in the heart of Daytona Beach! This multifamily property features two spacious 2-bedroom, 1-bathroom units, offering steady income potential just minutes from local colleges and the world-famous beach. Each unit provides comfortable living space, and the property boasts a generous backyard perfect for outdoor enjoyment. Major upgrades include a newer roof (2023) and a new AC system (2024), ensuring long-term value and reliability. Ideal for investors seeking a turnkey rental in a high-demand area. * 24K Gross Income.

10. 2025-08-12
    price $229,000 657-char remark

    Show marketing remark (657 chars)

    Excellent investment opportunity in the heart of Daytona Beach! Lot supports for expansion to a triplex! This multifamily property features two spacious 2-bedroom, 1-bathroom units, offering steady income potential just minutes from local colleges and the world-famous beach. Each unit provides comfortable living space, and the property boasts a generous backyard perfect for outdoor enjoyment. Major upgrades include a newer roof (2023) and a new AC system (2024), ensuring long-term value and reliability. Ideal for investors seeking a turnkey rental in a high-demand area. * 24K Gross Income. All information deemed to be reliable but is not guaranteed.

11. 2025-05-18
    listed $239,000 Active 657-char remark

    Show marketing remark (657 chars)

    Excellent investment opportunity in the heart of Daytona Beach! Lot supports for expansion to a triplex! This multifamily property features two spacious 2-bedroom, 1-bathroom units, offering steady income potential just minutes from local colleges and the world-famous beach. Each unit provides comfortable living space, and the property boasts a generous backyard perfect for outdoor enjoyment. Major upgrades include a newer roof (2023) and a new AC system (2024), ensuring long-term value and reliability. Ideal for investors seeking a turnkey rental in a high-demand area. * 24K Gross Income. All information deemed to be reliable but is not guaranteed.

ⓘ 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: $1,427 · $119/mo
• Projected year-2 tax: $1,652 · $138/mo
• Expected delta: +$225/yr (+$19/mo · 15.7%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone A · 54% 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,929
• − Mortgage interest: −$11,147
• − Property taxes: −$1,427
• − Insurance: −$2,498
• − Repairs & maintenance: −$1,514
• − Management: −$1,514
• − Depreciation: −$5,789
• Taxable loss: −$4,960
• Est. tax savings @ 24.0%: +$1,190
• After-tax cash flow: $-303/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): 37,747
• Household income: $41,736
• Rent vs Own: 68.5% rent · 31.5% own
• Severe rent burden: 2772.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Black 45% White 36% Hispanic / Latino 11% Two or more races 7% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4%
• Common ancestry: Romanian 1% Slovak 1% Lithuanian 1%
• Foreign-born: 7% · Canada, South Korea
• Languages at home: 90% English-only · Spanish 7% Arabic 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: ▼ -75.93%
• Current HPI: 272.5149
• Rent YoY: ▲ 3.57%
• 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

-16.7% since first listed

5 events — show timeline

• 2025-11-24 Price Changed $199,000 Daytona MLS
• 2025-11-24 Price Changed $199,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-16 Listed $229,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-12 Price Changed $229,000 Daytona MLS
• 2025-05-18 Listed $239,000 Daytona MLS

Property tax history

+7.1%/yr

Latest (2025): $1,427 · +8.3% YoY. Source: county tax records.