3431 Silver Palm Dr · Edgewater, FL 32141

$299,000

3 bd · 2.0 ba · 1,418 sqft · SingleFamily public records · 9 Days on market

Built 1992 10,000 sqft 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 +14.5/30.0
• ARV discount +7.5/15.0
• DSCR +4.4/10.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Attractive 3 bedroom, 2 bath, 2 car garage 1,942 sq. ft. home in a desirable, quiet area of Florida Shores. This opportunity offers a modern split plan, newer roof, vaulted ceiling, radiant skylight, complementary dual closets in the large master bedroom, convenient direct access from the master bedroom to the master bathroom, and 3rd bedroom that offers a design that would be ideal for a home office. Addtional highlights include a screened Florida Room, 2 car garage with workbench, and a scenic oversized private back yard with a vacant lot next door. Home is priced for a quick sale. Prefer cash buyer but bank OR private financing is available and ''0'' down maybe an option for a qualified buyer. Lic. real estate agent has interest in the property. NOT A SHORT SALE or other third part y circumstance that would cause a delayed closing. .. in other words we can close when the Buyer is ready to close!

Key facts

• 0.23 acre lot
• 2 garage spots
• Built 1992

Property features AI

Finance

• Other: Property type: Residential, single-family; Zoning: 07R-2B
• Financial info: No lease restrictions; Unfurnished
• HOA & community: No association indicated; Development: Florida Shores

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Public water; Public sewer; Cable available; Electricity connected
• Home design: Single-family residence; One story; East-facing
• Construction: Stucco and frame construction; Shingle roof; Slab foundation; Built on a 0.23-acre lot
• Exterior features: Paved road access; Lot dimensions approximately 80 x 125

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Open floor plan; 6 total rooms
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $64 ($770/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 $233k (22.2% below list).
• Recommended offer: $233k (22.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#329 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D-, commute F.
• 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: Indian River Elementary School (math 57% / reading 55%, grade C+, #832 of 2,144 statewide, top 40%, 613 students, 61% FRL); New Smyrna Beach Middle School (math 43% / reading 43%, grade D-, #331 of 571 statewide, top 59%, 1,037 students, 53% FRL); New Smyrna Beach High School (math 34% / reading 52%, grade F, #255 of 667 statewide, top 39%, 1,810 students, 41% FRL) — zoned schools at 52% FRL track the district average.
• Market conditions: 307 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• This rent runs 44% of the median local income ($64k/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 $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 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 26y 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 $155k; list at $299k implies a 93% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $232,648 (22.2% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.78% ✗
• Cap rate: 6.55%
• Cash-on-cash: 0.92%
• DSCR: 1.04
• GRM: 10.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -14.9%
• Equity multiple: 0.47×
• Total profit: $-44,506
• Equity at exit: $44,582

10-year hold

• IRR: -6.4%
• Equity multiple: 0.59×
• Total profit: $-34,078
• Equity at exit: $25,852

Cash invested: $83,720 (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 32141

• Home prices YoY: -19.2%
• Active inventory: 307
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $2,326 high
• Mortgage (P&I): −$1,568
• Tax from tax record: −$81 /mo · $974/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$489
• Net cashflow: $64

Break-even live

Break-even rent $2,245

Max offer price $299,000

Occupancy floor 92%

Sensitivity live

Price	-10% $233	-5% $149	+0% $64	+5% $-20	+10% $-105
Rent	-10% $-120	-5% $-28	+0% $64	+5% $156	+10% $248
Rate	-1.0pp $215	-0.5pp $140	base $64	+0.5pp $-13	+1.0pp $-92

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3424 Unity Tree Dr Edgewater, FL	3.0	2.0	1246	$2,200	$1.77	25d	1	0.08mi
3017 Vista Palm Dr Edgewater, FL	3.0	3.0	1560	$2,196	$1.41	21d	1	0.64mi
3411 Needle Palm Dr Edgewater, FL	3.0	1.0	960	$2,000	$2.08	25d	1	0.85mi
3119 Mango Tree Dr Edgewater, FL	3.0	2.0	1714	$2,345	$1.37	23d	1	1.00mi
3413 Juniper Dr Edgewater, FL	2.0	1.0	1000	$1,500	$1.50	25d	1	1.08mi
2827 Royal Palm Dr Edgewater, FL	3.0	2.0	1212	$1,900	$1.57	25d	1	1.10mi
3318 India Palm Dr Edgewater, FL	2.0	2.0	1200	$1,875	$1.56	25d	1	1.11mi
3120 Juniper Dr Edgewater, FL	3.0	2.0	1440	$2,150	$1.49	25d	1	1.12mi
3208 India Palm Dr Edgewater, FL	2.0	2.0	990	$1,550	$1.57	13d	1	1.15mi

Listing history 20 events

1. 2026-05-17
   status Pending 210-char remark
2. 2026-05-08
   listed $299,000 Active 210-char remark
3. 2026-03-03
   soldstatus $155,000
4. 2012-01-23
   soldstatus $84,500 911-char remark

   Show marketing remark (911 chars)

   Attractive 3 bedroom, 2 bath, 2 car garage 1,942 sq. ft. home in a desirable, quiet area of Florida Shores. This opportunity offers a modern split plan, newer roof, vaulted ceiling, radiant skylight, complementary dual closets in the large master bedroom, convenient direct access from the master bedroom to the master bathroom, and 3rd bedroom that offers a design that would be ideal for a home office. Addtional highlights include a screened Florida Room, 2 car garage with workbench, and a scenic oversized private back yard with a vacant lot next door. Home is priced for a quick sale. Prefer cash buyer but bank OR private financing is available and ''0'' down maybe an option for a qualified buyer. Lic. real estate agent has interest in the property. NOT A SHORT SALE or other third part y circumstance that would cause a delayed closing. .. in other words we can close when the Buyer is ready to close!

5. 2011-11-01
   soldstatus $63,699
6. 2011-09-01
   historical
7. 2011-09-01
   historical
8. 2011-06-23
   listed $79,900 911-char remark

   Show marketing remark (911 chars)

   Attractive 3 bedroom, 2 bath, 2 car garage 1,942 sq. ft. home in a desirable, quiet area of Florida Shores. This opportunity offers a modern split plan, newer roof, vaulted ceiling, radiant skylight, complementary dual closets in the large master bedroom, convenient direct access from the master bedroom to the master bathroom, and 3rd bedroom that offers a design that would be ideal for a home office. Addtional highlights include a screened Florida Room, 2 car garage with workbench, and a scenic oversized private back yard with a vacant lot next door. Home is priced for a quick sale. Prefer cash buyer but bank OR private financing is available and ''0'' down maybe an option for a qualified buyer. Lic. real estate agent has interest in the property. NOT A SHORT SALE or other third part y circumstance that would cause a delayed closing. .. in other words we can close when the Buyer is ready to close!

9. 2011-06-23
   listed

   Show marketing remark (911 chars)

   Attractive 3 bedroom, 2 bath, 2 car garage 1,942 sq. ft. home in a desirable, quiet area of Florida Shores. This opportunity offers a modern split plan, newer roof, vaulted ceiling, radiant skylight, complementary dual closets in the large master bedroom, convenient direct access from the master bedroom to the master bathroom, and 3rd bedroom that offers a design that would be ideal for a home office. Addtional highlights include a screened Florida Room, 2 car garage with workbench, and a scenic oversized private back yard with a vacant lot next door. Home is priced for a quick sale. Prefer cash buyer but bank OR private financing is available and ''0'' down maybe an option for a qualified buyer. Lic. real estate agent has interest in the property. NOT A SHORT SALE or other third part y circumstance that would cause a delayed closing. .. in other words we can close when the Buyer is ready to close!

10. 2011-06-23
    listed $79,900

    Show marketing remark (911 chars)

    Attractive 3 bedroom, 2 bath, 2 car garage 1,942 sq. ft. home in a desirable, quiet area of Florida Shores. This opportunity offers a modern split plan, newer roof, vaulted ceiling, radiant skylight, complementary dual closets in the large master bedroom, convenient direct access from the master bedroom to the master bathroom, and 3rd bedroom that offers a design that would be ideal for a home office. Addtional highlights include a screened Florida Room, 2 car garage with workbench, and a scenic oversized private back yard with a vacant lot next door. Home is priced for a quick sale. Prefer cash buyer but bank OR private financing is available and ''0'' down maybe an option for a qualified buyer. Lic. real estate agent has interest in the property. NOT A SHORT SALE or other third part y circumstance that would cause a delayed closing. .. in other words we can close when the Buyer is ready to close!

11. 2011-03-31
    historical
12. 2010-05-07
    listed $65,500
13. 2000-05-23
    soldstatus $79,500
14. 2000-05-18
    soldstatus $79,500
15. 2000-05-18
    soldstatus $79,500
16. 2000-04-12
    listed $79,500
17. 2000-04-12
    listed $79,500
18. 1993-04-14
    soldstatus $64,000
19. 1991-10-01
    soldstatus $59,000
20. 1989-08-01
    soldstatus $14,500

ⓘ 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: $974 · $81/mo
• Projected year-2 tax: $2,482 · $207/mo
• Expected delta: +$1,508/yr (+$126/mo · 154.9%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,918
• − Mortgage interest: −$16,749
• − Property taxes: −$974
• − Insurance: −$1,495
• − Repairs & maintenance: −$2,233
• − Management: −$2,233
• − Depreciation: −$8,698
• Taxable loss: −$4,465
• Est. tax savings @ 24.0%: +$1,072
• After-tax cash flow: $1,842/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 — Edgewater

• Score: 72/100
• State rank: #329
• US rank: #5753

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Edgewater, FL
• County: Volusia County · 556,871 people
• City population: 18,726
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 18,726
• Household income: $63,936
• Rent vs Own: 6.2% rent · 93.8% own
• Severe rent burden: 161.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 4% Two or more races 3% Black 2%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 2% German/W. Germanic 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: ▼ -80.12%
• Current HPI: 337.8301
• Rent YoY: —
• 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

+1962.1% since first listed

20 events — show timeline

• 2026-05-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Listed $299,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Sold (Public Records) $155,000 Public Records
• 2012-01-23 Sold (MLS) $84,500 Daytona MLS
• 2011-11-01 Sold (Public Records) $63,699 Public Records
• 2011-09-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2011-09-01 Delisted — NSBMLS
• 2011-06-23 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2011-06-23 Listed — NSBMLS
• 2011-06-23 Listed $79,900 Daytona MLS
• 2011-03-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2010-05-07 Listed $65,500 Stellar MLS as Distributed by MLS Grid
• 2000-05-23 Sold (Public Records) $79,500 Public Records
• 2000-05-18 Sold (MLS) $79,500 NSBMLS
• 2000-05-18 Sold (MLS) $79,500 Stellar MLS as Distributed by MLS Grid
• 2000-04-12 Listed $79,500 NSBMLS
• 2000-04-12 Listed $79,500 Stellar MLS as Distributed by MLS Grid
• 1993-04-14 Sold (Public Records) $64,000 Public Records
• 1991-10-01 Sold (Public Records) $59,000 Public Records
• 1989-08-01 Sold (Public Records) $14,500 Public Records

Property tax history

+1.8%/yr

Latest (2025): $974 · +1.8% YoY. Source: county tax records.