3426 Silver Palm Dr · Edgewater, FL 32141

$190,500

3 bd · 3.0 ba · 1,530 sqft · SingleFamily public records · 12 Days on market

Built 1986 9,583 sqft 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 +28.6/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.4/10.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great starter home in Florida Shores in Edgewater. This 3 bedroom 2 bathroom home was built 1986. Laminate flooring throughout most of the living areas. Large back yard, large enough for a pool! This is a Fannie Mae Homepath property.

Key facts

• 9,583 sq ft lot
• Built 1986
• Listed 12 days

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public water; Electricity connected; Sewer connected; Water connected
• Home design: Single family residence; Residential property
• Construction: Wood siding; Shingle roof; Slab foundation; Built on lot of about 0.22 acres (80 ft x 125 ft)
• Exterior features: Patio; Screened porch

Interior

• Kitchen: Electric range
• Bedrooms: 2 rooms total
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central air conditioning; Electric heating
• Interior features: Electric range
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $626 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).

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.
• Market conditions: 304 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $53k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 19y 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 $150k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $190,500

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. 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.
3. 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.
4. 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: 1.24% ✓
• Cap rate: 10.24%
• Cash-on-cash: 14.09%
• DSCR: 1.63
• GRM: 6.7

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: 4.4%
• Equity multiple: 1.17×
• Total profit: $9,008
• Equity at exit: $28,404

10-year hold

• IRR: 13.8%
• Equity multiple: 2.11×
• Total profit: $59,172
• Equity at exit: $16,471

Cash invested: $53,340 (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: 304
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $2,371 high
• Mortgage (P&I): −$999
• Tax from tax record: −$168 /mo · $2,020/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$498
• Net cashflow: $626

Break-even live

Break-even rent $1,578

Max offer price $190,500

Occupancy floor 69%

Sensitivity live

Price	-10% $734	-5% $680	+0% $626	+5% $572	+10% $518
Rent	-10% $439	-5% $533	+0% $626	+5% $720	+10% $814
Rate	-1.0pp $722	-0.5pp $675	base $626	+0.5pp $577	+1.0pp $527

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: $47,625
• Closing costs: $5,715
• Reserves months: —
• Total cash needed: —

Rent comps 6 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	24d	1	0.08mi
3017 Vista Palm Dr Edgewater, FL	3.0	3.0	1560	$2,196	$1.41	20d	1	0.64mi
3119 Mango Tree Dr Edgewater, FL	3.0	2.0	1714	$2,345	$1.37	22d	1	1.00mi
2827 Royal Palm Dr Edgewater, FL	3.0	2.0	1212	$1,900	$1.57	24d	1	1.10mi
3318 India Palm Dr Edgewater, FL	2.0	2.0	1200	$1,875	$1.56	24d	1	1.11mi
3120 Juniper Dr Edgewater, FL	3.0	2.0	1440	$2,150	$1.49	24d	1	1.12mi

Listing history 15 events

1. 2026-05-15
   listed $190,500 Active 172-char remark
2. 2025-08-25
   status Pending
3. 2025-08-25
   historical
4. 2025-08-20
   listed $199,000 Active
5. 2020-06-08
   soldstatus $150,400 Sold

   Show marketing remark (234 chars)

   Great starter home in Florida Shores in Edgewater. This 3 bedroom 2 bathroom home was built 1986. Laminate flooring throughout most of the living areas. Large back yard, large enough for a pool! This is a Fannie Mae Homepath property.

6. 2020-04-09
   status Pending

   Show marketing remark (234 chars)

   Great starter home in Florida Shores in Edgewater. This 3 bedroom 2 bathroom home was built 1986. Laminate flooring throughout most of the living areas. Large back yard, large enough for a pool! This is a Fannie Mae Homepath property.

7. 2020-03-18
   price $144,900

   Show marketing remark (234 chars)

   Great starter home in Florida Shores in Edgewater. This 3 bedroom 2 bathroom home was built 1986. Laminate flooring throughout most of the living areas. Large back yard, large enough for a pool! This is a Fannie Mae Homepath property.

8. 2020-02-10
   listed $154,000 Active

   Show marketing remark (234 chars)

   Great starter home in Florida Shores in Edgewater. This 3 bedroom 2 bathroom home was built 1986. Laminate flooring throughout most of the living areas. Large back yard, large enough for a pool! This is a Fannie Mae Homepath property.

9. 2008-04-14
   soldstatus $143,500
10. 2008-04-14
    soldstatus $143,500
11. 2008-02-08
    soldstatus $143,500
12. 2007-12-26
    listed $149,900
13. 2007-12-26
    listed $149,900
14. 1999-10-21
    soldstatus $56,000
15. 1986-12-01
    soldstatus $47,000

ⓘ 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: $2,020 · $168/mo
• Projected year-2 tax: $2,020 · $168/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 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 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: $28,449
• − Mortgage interest: −$10,671
• − Property taxes: −$2,020
• − Insurance: −$952
• − Repairs & maintenance: −$2,276
• − Management: −$2,276
• − Depreciation: −$5,542
• Taxable income: $4,712
• Est. tax owed @ 24.0%: −$1,131
• After-tax cash flow: $6,384/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

+305.3% since first listed

16 events — show timeline

• 2026-05-27 Pending — Daytona MLS
• 2026-05-15 Listed $190,500 Daytona MLS
• 2025-08-25 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-08-25 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-08-20 Listed $199,000 Stellar MLS as Distributed by MLS Grid
• 2020-06-08 Sold (MLS) $150,400 Stellar MLS as Distributed by MLS Grid
• 2020-04-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-03-18 Price Changed $144,900 Stellar MLS as Distributed by MLS Grid
• 2020-02-10 Listed $154,000 Stellar MLS as Distributed by MLS Grid
• 2008-04-14 Sold (MLS) $143,500 NSBMLS
• 2008-04-14 Sold (MLS) $143,500 Stellar MLS as Distributed by MLS Grid
• 2008-02-08 Sold (Public Records) $143,500 Public Records
• 2007-12-26 Listed $149,900 NSBMLS
• 2007-12-26 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 1999-10-21 Sold (Public Records) $56,000 Public Records
• 1986-12-01 Sold (Public Records) $47,000 Public Records

Property tax history

+10.4%/yr

Latest (2025): $2,020 · -3.4% YoY. Source: county tax records.