1120 Australia Ave · Daytona Beach, FL 32114

$180,000

2 bd · 1.5 ba · 928 sqft · SingleFamily public records · 40 Days on market

Built 1948 0.29 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 +14.4/30.0
• ARV discount +7.5/15.0
• DSCR +4.4/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.4/5.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Incredible opportunity in the heart of historic Daytona Beach. Perched high on the Atlantic Coastal Ridge in the Daytona Highlands neighborhood. This is an established neighborhood connected to the city's rich history. The Daytona Highlands is the city's very first neighborhood & remains one of the most convenient places to live, offering the charm of mature surroundings along with quick access to Daytona Beach International Airport, The World's Most Famous Beach, Daytona State College, Embry Riddle Aeronautical University, Daytona International Speedway, Halifax Hospital, banking, dining & quick access to I-95 and I-4, Orlando, Jacksonville and St Augustine. This home offers yo

Key facts

• Quick access to i-4
• Quick access to i-95
• 0.29 acre lot

Tags

• HISTORIC DAYTONA BEACH
• DAYTONA HIGHLANDS NEIGHBORHOOD
• QUICK ACCESS TO I-95
• QUICK ACCESS TO I-4

Property features AI

Exterior

• Parking: Attached garage; Attached carport; 2 carport spaces; RV access/parking
• Utilities: Public water; Public sewer; Electricity available; Natural gas available; Water and sewer connected
• Home design: Single-family residence; One story; Faces south
• Construction: Concrete construction; Block and slab foundation; Shingle roof; Built (year not provided)
• Exterior features: Covered front and rear porches; Porch; Guest house; City street frontage; Public maintained paved/asphalt road

Interior

• Kitchen: Refrigerator; Electric range; Disposal; Electric water heater
• Flooring: Hardwood; Carpet; Tile; Wood
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air; Wall/window unit(s)
• Interior features: Eat-in kitchen; In-law floorplan; Fireplace (1)

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $38 ($454/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 $141k (21.8% below list).
• Recommended offer: $141k (21.8% 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; 19 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).
• This rent runs 40% of the median local income ($42k/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 $1k of loan paydown is wiped out by about $5k 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 40 days — a 3% lower offer ($175k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $140,809 (21.8% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.78% ✗
• Cap rate: 6.55%
• Cash-on-cash: 0.90%
• DSCR: 1.04
• GRM: 10.7

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: -14.4%
• Equity multiple: 0.48×
• Total profit: $-26,029
• Equity at exit: $26,839

10-year hold

• IRR: -4.9%
• Equity multiple: 0.67×
• Total profit: $-16,527
• Equity at exit: $15,563

Cash invested: $50,400 (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: 10.7×

Monthly cashflow live

• Estimated rent: $1,408 high
• Mortgage (P&I): −$944
• Tax from tax record: −$56 /mo · $667/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $38

Break-even live

Break-even rent $1,360

Max offer price $180,000

Occupancy floor 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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
860 Magnolia Ave Unit 3 Daytona Beach, FL	2.0	1.0	800	$1,300	$1.62	19d	1	0.80mi
249 College Park Dr Daytona Beach, FL	2.0	1.0	1000	$1,425	$1.43	21d	1	1.08mi
886 S Nova Rd Daytona Beach, FL	1.0–2.0	1.0	685	$1,260	$1.84	11d	10	1.18mi
422 Henry Butts Dr Daytona Beach, FL	1.0	1.0	851	$875	$1.03	23d	1	1.23mi
512 Fulton St Daytona Beach, FL	2.0	1.0	963	$1,600	$1.66	23d	1	1.26mi
625 Holmes Ave Daytona Beach, FL	2.0	1.0	768	$995	$1.30	21d	1	1.29mi
417 Jefferson St #1 Daytona Beach, FL	2.0	1.0	700	$1,890	$2.70	23d	1	1.29mi
736 White St Daytona Beach, FL	3.0	2.0	1092	$1,799	$1.65	23d	1	1.30mi
550 Ruth St Daytona Beach, FL	3.0	2.0	1114	$1,995	$1.79	11d	1	1.30mi
908 Lora St Unit A Daytona Beach, FL	2.0	1.0	775	$1,300	$1.68	23d	1	1.32mi
751 Bellevue Ave Unit 1 Daytona Beach, FL	2.0	1.0	816	$1,390	$1.70	23d	1	1.33mi
736 Kentucky St Unit 3 Daytona Beach, FL	2.0	1.0	850	$1,300	$1.53	14d	1	1.35mi
350 Maple St Daytona Beach, FL	1.0	1.0	600	$900	$1.50	23d	1	1.38mi
1220 S Nova Rd Daytona Beach, FL	1.0	1.0	576	$955	$1.66	11d	11	1.39mi
417 Maple St Daytona Beach, FL	2.0	1.0	768	$850	$1.11	23d	1	1.40mi
601 Vera St Unit 601 Daytona Beach, FL	2.0	1.0	1113	$1,700	$1.53	23d	1	1.42mi
940 Lockhart St Daytona Beach, FL	3.0	2.0	1071	$1,850	$1.73	19d	1	1.44mi
538 Park Dr Daytona Beach, FL	2.0	1.0	600	$1,400	$2.33	23d	1	1.46mi
528 Park Dr Daytona Beach, FL	2.0	1.0	600	$1,600	$2.67	23d	1	1.48mi

Listing history 16 events

1. 2026-06-18
   days on market $180,000 Active 40 DOM
2. 2026-06-17
   days on market $180,000 Active 39 DOM
3. 2026-06-16
   days on market $180,000 Active 38 DOM
4. 2026-06-15
   days on market $180,000 Active 37 DOM
5. 2026-06-14
   days on market $180,000 Active 35 DOM
6. 2026-06-10
   days on market $180,000 Active 32 DOM
7. 2026-06-09
   days on market $180,000 Active 31 DOM
8. 2026-06-08
   days on market $180,000 Active 30 DOM
9. 2026-06-07
   days on market $180,000 Active 29 DOM
10. 2026-06-05
    days on market $180,000 Active 26 DOM
11. 2026-06-03
    days on market $180,000 Active 25 DOM
12. 2026-06-03
    days on market $180,000 Active 24 DOM
13. 2026-06-01
    days on market $180,000 Active 23 DOM
14. 2026-05-31
    days on market $180,000 Active 22 DOM
15. 2026-05-31
    days on market $180,000 Active 21 DOM
16. 2026-05-09
    listed $180,000 Active 991-char remark

ⓘ 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: $667 · $56/mo
• Projected year-2 tax: $1,494 · $124/mo
• Expected delta: +$827/yr (+$69/mo · 123.9%)

ⓘ 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 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: $16,897
• − Mortgage interest: −$10,083
• − Property taxes: −$667
• − Insurance: −$900
• − Repairs & maintenance: −$1,352
• − Management: −$1,352
• − Depreciation: −$5,236
• Taxable loss: −$2,693
• Est. tax savings @ 24.0%: +$646
• After-tax cash flow: $1,100/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

1 event — show timeline

• 2026-05-09 Listed $180,000 Daytona MLS

Property tax history

-0.5%/yr

Latest (2025): $667 · +5.0% YoY. Source: county tax records.