2900 State Road 11 · DeLand, FL 32724

$125,000

3 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 50 Days on market

Built 1986 0.29 ac lot

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

TWO FOR ONE PRICE! 1-2 BEDROOM 1 & 1/2 BATHS WITH ROOF OVER AND TIE DOWNS. 1-4 BEDROOM 2 BATHS DOUBLE WIDE. GREAT FOR MOTHER IN LAW OR EXTENDED FAMILY.

Key facts

• 0.29 acre lot
• Built 1986
• Listed 50 days

Property features AI

Finance

• Other: Zoning: MH5
• Financial info: No investor or rental income/expense details provided
• HOA & community: No HOA association listed; Community features include street lights; Development: June Terrace

Exterior

• Parking: No parking details listed
• Security: No security features listed
• Utilities: Public water; Septic tank sewer; Electricity connected
• Home design: Manufactured home (double wide); Fixer condition; Faces southeast; Single-story
• Construction: Metal siding and frame construction; Built-up and metal roof; Crawlspace foundation; Built as one story
• Exterior features: Exterior lighting; Chain link fencing; Level lot; Near public transit; Paved road access; Shed(s)

Interior

• Kitchen: No appliances listed
• Bedrooms: 6 bedrooms
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: 3 full bathrooms; 1 half bathroom
• Heating & cooling: Ductless heating; Wall/window air conditioning units
• Interior features: No additional interior features listed
• Laundry & utility: No laundry features listed

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $753 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#498 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, crime B; Watch: amenities F, commute F, health & safety 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: George W. Marks Elementary School (math 48% / reading 53%, grade D+, #1,055 of 2,144 statewide, top 50%, 743 students, 61% FRL); Deland High School (math 26% / reading 45%, grade F, #367 of 667 statewide, top 57%, 2,926 students, 50% FRL) — zoned schools at 55% FRL track the district average.
• Market conditions: Rents rising (+2.8%/yr); 662 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• This rent runs 34% of the median local income ($74k/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 $864 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 2.8% rent growth), your $35k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 22y ago; this cycle's ask has dropped $25k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; list at $125k implies a 127% 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; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $121,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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. 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.
5. 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.
6. 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: 1.67% ✓
• Cap rate: 13.52%
• Cash-on-cash: 25.81%
• DSCR: 2.15
• GRM: 5.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.82% rent growth · sell at horizon

5-year hold

• IRR: 19.3%
• Equity multiple: 1.78×
• Total profit: $27,364
• Equity at exit: $18,638

10-year hold

• IRR: 27.5%
• Equity multiple: 3.41×
• Total profit: $84,230
• Equity at exit: $10,808

Cash invested: $35,000 (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 32724

• Rents YoY: 2.8%
• Active inventory: 662
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $2,087 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$188 /mo · $2,257/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $753

Break-even live

Break-even rent $1,134

Max offer price $125,000

Occupancy floor 59%

Sensitivity live

Price	-10% $824	-5% $788	+0% $753	+5% $717	+10% $682
Rent	-10% $588	-5% $670	+0% $753	+5% $835	+10% $918
Rate	-1.0pp $816	-0.5pp $785	base $753	+0.5pp $720	+1.0pp $687

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
255 Tupelo Honey Cir Deland, FL	1.0–4.0	1.0–3.0	1516	$2,200	$1.45	5d	4	1.09mi
1077 Quail Dr DeLand, FL	2.0	2.0	1080	$1,600	$1.48	24d	1	1.10mi

Listing history 24 events

1. 2026-06-18
   days on market $125,000 Active 50 DOM
2. 2026-06-17
   days on market $125,000 Active 49 DOM
3. 2026-06-16
   days on market $125,000 Active 48 DOM
4. 2026-06-15
   days on market $125,000 Active 47 DOM
5. 2026-06-14
   days on market $125,000 Active 45 DOM
6. 2026-06-10
   days on market $125,000 Active 42 DOM
7. 2026-06-09
   days on market $125,000 Active 41 DOM
8. 2026-06-08
   days on market $125,000 Active 40 DOM
9. 2026-06-07
   days on market $125,000 Active 39 DOM
10. 2026-06-05
    days on market $125,000 Active 36 DOM
11. 2026-06-03
    days on market $125,000 Active 35 DOM
12. 2026-06-03
    days on market $125,000 Active 34 DOM
13. 2026-06-01
    days on market $125,000 Active 33 DOM
14. 2026-05-31
    days on market $125,000 Active 32 DOM
15. 2026-05-31
    pricedays on market $125,000 Active 31 DOM
16. 2026-04-29
    listed $150,000 Active 315-char remark
17. 2010-09-14
    historical
18. 2009-09-05
    listed $69,000
19. 2004-07-06
    soldstatus $55,000
20. 2004-06-30
    soldstatus $55,000

    Show marketing remark (155 chars)

    TWO FOR ONE PRICE! 1-2 BEDROOM 1 & 1/2 BATHS WITH ROOF OVER AND TIE DOWNS. 1-4 BEDROOM 2 BATHS DOUBLE WIDE. GREAT FOR MOTHER IN LAW OR EXTENDED FAMILY.

21. 2004-06-13
    historical

    Show marketing remark (155 chars)

    TWO FOR ONE PRICE! 1-2 BEDROOM 1 & 1/2 BATHS WITH ROOF OVER AND TIE DOWNS. 1-4 BEDROOM 2 BATHS DOUBLE WIDE. GREAT FOR MOTHER IN LAW OR EXTENDED FAMILY.

22. 2004-04-22
    listed $59,900

    Show marketing remark (155 chars)

    TWO FOR ONE PRICE! 1-2 BEDROOM 1 & 1/2 BATHS WITH ROOF OVER AND TIE DOWNS. 1-4 BEDROOM 2 BATHS DOUBLE WIDE. GREAT FOR MOTHER IN LAW OR EXTENDED FAMILY.

23. 1994-05-11
    soldstatus $45,000
24. 1983-05-01
    soldstatus $27,000

ⓘ 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: $2,257 · $188/mo
• Projected year-2 tax: $2,257 · $188/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,039
• − Mortgage interest: −$7,002
• − Property taxes: −$2,257
• − Insurance: −$625
• − Repairs & maintenance: −$2,003
• − Management: −$2,003
• − Depreciation: −$3,636
• Taxable income: $7,513
• Est. tax owed @ 24.0%: −$1,803
• After-tax cash flow: $7,230/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 — DeLand

• Score: 68/100
• State rank: #498
• US rank: #9197

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Volusia County · 556,871 people
• City population: 81,399
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 45,140
• Household income: $73,592
• Rent vs Own: 22.2% rent · 77.8% own
• Severe rent burden: 942.0

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% Hispanic / Latino 19% Two or more races 9% Black 6% Asian 1%
• Hispanic origin (detail): Mexican 9% Puerto Rican 5%
• Common ancestry: Romanian 2% Slovak 2% Lithuanian 2%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 14% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -215.80%
• Current HPI: 297.1837
• Rent YoY: ▲ 2.82%
• 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

+363.0% since first listed

10 events — show timeline

• 2026-05-29 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 2010-09-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2009-09-05 Listed $69,000 Stellar MLS as Distributed by MLS Grid
• 2004-07-06 Sold (Public Records) $55,000 Public Records
• 2004-06-30 Sold (MLS) $55,000 Stellar MLS as Distributed by MLS Grid
• 2004-06-13 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2004-04-22 Listed $59,900 Stellar MLS as Distributed by MLS Grid
• 1994-05-11 Sold (Public Records) $45,000 Public Records
• 1983-05-01 Sold (Public Records) $27,000 Public Records

Property tax history

+6.0%/yr

Latest (2025): $2,257 · +3.3% YoY. Source: county tax records.