1137 British Cir · Daytona Beach, FL 32124

$490,680

5 bd · 3.5 ba · 3,232 sqft · Land · 20 Days on market

6,250 sqft lot ↓ 8% 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 +13.2/30.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• DSCR +4.0/10.0
• Appreciation +4.0/10.0
• Rent growth +3.9/5.0
• Schools +3.9/10.0
• 1% rule +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

Brand new, energy-efficient home available NOW! Are you ready to buy a home? The Verona floorplan offers an open-concept floorplan with 5 bedrooms, 3.5 bathrooms and a 2-car garage. The first-floor flex room is perfect for a home office. Convenient second-floor game room. Now selling, Legends Preserve offers new single-family homes in Daytona Beach, FL. This beautifully serene community is just 12 miles from Daytona's stunning beaches. Located on International Golf Drive alongside the world-famous LPGA golf course, residents will have easy access to both I-4 and I-95, as well as Daytona International Airport. Nearby attractions include Daytona International Speedway, Tanger Outlets, and the Daytona Boardwalk. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

Key facts

• Open concept
• Flex room
• Game room

Tags

• ENERGY EFFICIENT
• OPEN CONCEPT
• FLEX ROOM
• GAME ROOM
• LEGENDS PRESERVE COMMUNITY
• CLOSE PROXIMITY TO I-4

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 5-bed/3.5-bath land listed at $491k.

Deal economics

• At list price, monthly cash flow is $-5 ($-65/yr) — negative.
• To cash-flow at today's rent, offer at most $490k (0.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $369k (24.9% below list).
• Recommended offer: $369k (24.9% 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: Champion Elementary School (math 39% / reading 44%, grade F, #1,437 of 2,144 statewide, top 68%, 584 students, 70% FRL); David C. Hinson Sr. Middle School (math 52% / reading 49%, grade C, #246 of 571 statewide, top 44%, 950 students, 52% FRL); Mainland High School (math 30% / reading 37%, grade F, #400 of 667 statewide, top 61%, 1,855 students, 64% FRL).
• Market conditions: Rents rising fast (+5.5%/yr); 333 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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).
• At $3,686/mo this rent would consume 48% of the median local household income ($93k/yr) (locally 54% 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 (-2.0%/yr); year-one equity from $3k 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 20 days — a 2% lower offer ($483k) 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 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $368,597 (24.9% 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. 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. 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?
5. 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.
6. 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.
7. 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: 0.75% ✗
• Cap rate: 6.28%
• Cash-on-cash: -0.05%
• DSCR: 1.00
• GRM: 11.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-1.99% appreciation · 5.46% rent growth · sell at horizon

5-year hold

• IRR: -8.9%
• Equity multiple: 0.64×
• Total profit: $-49,709
• Equity at exit: $95,542

10-year hold

• IRR: 1.2%
• Equity multiple: 1.10×
• Total profit: $14,423
• Equity at exit: $81,884

Cash invested: $137,390 (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 32124

• Home prices YoY: -0.6%
• Rents YoY: 5.5%
• Active inventory: 333
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $3,686 high
• Mortgage (P&I): −$2,573
• Tax from tax record: −$140 /mo · $1,677/yr
• Insurance: −$204
• HOA: −$0
• Vacancy / Maint / Mgmt: −$774
• Net cashflow: $-5

Break-even live

Break-even rent $3,693

Max offer price $489,718

Occupancy floor 95%

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: $122,670
• Closing costs: $14,720
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
284 Links Terrace Blvd Daytona Beach, FL	4.0	2.5	2200	$2,850	$1.30	23d	1	0.66mi
137 Lost Ball Dr Daytona Beach, FL	4.0	2.5	2168	$2,950	$1.36	11d	1	0.70mi
1203 Cabot Cliffs Dr Daytona Beach, FL	5.0	2.5	2355	$2,750	$1.17	21d	1	1.08mi
1187 Cabot Cliffs Dr Daytona Beach, FL	6.0	3.0	2600	$3,700	$1.42	11d	1	1.11mi
1143 Cabot Cliffs Dr Daytona Beach, FL	5.0	2.5	2370	$3,050	$1.29	11d	1	1.19mi
129 Formby Grande Ave Daytona Beach, FL	5.0	4.0	3317	$3,600	$1.09	23d	1	1.33mi

Listing history 5 events

1. 2026-04-29
   soldstatus $450,000 Closed 876-char remark

   Show marketing remark (876 chars)

   Brand new, energy-efficient home available NOW! Are you ready to buy a home? The Verona floorplan offers an open-concept floorplan with 5 bedrooms, 3.5 bathrooms and a 2-car garage. The first-floor flex room is perfect for a home office. Convenient second-floor game room. Now selling, Legends Preserve offers new single-family homes in Daytona Beach, FL. This beautifully serene community is just 12 miles from Daytona's stunning beaches. Located on International Golf Drive alongside the world-famous LPGA golf course, residents will have easy access to both I-4 and I-95, as well as Daytona International Airport. Nearby attractions include Daytona International Speedway, Tanger Outlets, and the Daytona Boardwalk. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

2. 2026-03-23
   status Pending

   Show marketing remark (876 chars)

   Brand new, energy-efficient home available NOW! Are you ready to buy a home? The Verona floorplan offers an open-concept floorplan with 5 bedrooms, 3.5 bathrooms and a 2-car garage. The first-floor flex room is perfect for a home office. Convenient second-floor game room. Now selling, Legends Preserve offers new single-family homes in Daytona Beach, FL. This beautifully serene community is just 12 miles from Daytona's stunning beaches. Located on International Golf Drive alongside the world-famous LPGA golf course, residents will have easy access to both I-4 and I-95, as well as Daytona International Airport. Nearby attractions include Daytona International Speedway, Tanger Outlets, and the Daytona Boardwalk. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

3. 2026-03-23
   status Pending 876-char remark

   Show marketing remark (876 chars)

   Brand new, energy-efficient home available NOW! Are you ready to buy a home? The Verona floorplan offers an open-concept floorplan with 5 bedrooms, 3.5 bathrooms and a 2-car garage. The first-floor flex room is perfect for a home office. Convenient second-floor game room. Now selling, Legends Preserve offers new single-family homes in Daytona Beach, FL. This beautifully serene community is just 12 miles from Daytona's stunning beaches. Located on International Golf Drive alongside the world-famous LPGA golf course, residents will have easy access to both I-4 and I-95, as well as Daytona International Airport. Nearby attractions include Daytona International Speedway, Tanger Outlets, and the Daytona Boardwalk. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

4. 2026-03-03
   listed $490,680 Active
5. 2026-02-27
   listed $490,680 Active 876-char remark

   Show marketing remark (876 chars)

   Brand new, energy-efficient home available NOW! Are you ready to buy a home? The Verona floorplan offers an open-concept floorplan with 5 bedrooms, 3.5 bathrooms and a 2-car garage. The first-floor flex room is perfect for a home office. Convenient second-floor game room. Now selling, Legends Preserve offers new single-family homes in Daytona Beach, FL. This beautifully serene community is just 12 miles from Daytona's stunning beaches. Located on International Golf Drive alongside the world-famous LPGA golf course, residents will have easy access to both I-4 and I-95, as well as Daytona International Airport. Nearby attractions include Daytona International Speedway, Tanger Outlets, and the Daytona Boardwalk. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

ⓘ 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: $1,677 · $140/mo
• Projected year-2 tax: $4,073 · $339/mo
• Expected delta: +$2,396/yr (+$200/mo · 142.9%)

ⓘ 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 9/10 Extreme 6 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $44,232
• − Mortgage interest: −$27,486
• − Property taxes: −$1,677
• − Insurance: −$2,453
• − Repairs & maintenance: −$3,539
• − Management: −$3,539
• − Depreciation: −$14,274
• Taxable loss: −$8,736
• Est. tax savings @ 24.0%: +$2,097
• After-tax cash flow: $2,031/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): 11,409
• Household income: $92,616
• Rent vs Own: 5.8% rent · 94.2% own
• Severe rent burden: 54.0

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% Black 20% Hispanic / Latino 5% Asian 2% Two or more races 1%
• Common ancestry: Romanian 3% Italian 2% Portuguese 1%
• Foreign-born: 10% · Canada, Mexico, South Korea
• Languages at home: 91% English-only · Spanish 4% Other Asian/Pacific 1% 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: ▼ -1.99%
• Current HPI: 311.7456
• Rent YoY: ▲ 5.46%
• 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

-8.3% since first listed

5 events — show timeline

• 2026-04-29 Sold (MLS) $450,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Pending — Daytona MLS
• 2026-03-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Listed $490,680 Daytona MLS
• 2026-02-27 Listed $490,680 Stellar MLS as Distributed by MLS Grid

Property tax history

+36.7%/yr

Latest (2025): $1,677 · +15.5% YoY. Source: county tax records.