550 N Ridgewood Ave · Daytona Beach, FL 32114

$155,000

2 bd · 1.0 ba · 1,214 sqft · Other public records · 44 Days on market

Built 1918 2,550 sqft lot

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Why this score? — see what drove the C 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 +22.6/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +6.0/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

One or more photo(s) has been virtually staged. Great opportunity in the heart of Daytona Beach! This property offers excellent potential for both homeowners and investors alike. Ideally located just minutes from the beach, shopping, dining, and major roadways, making it perfect for long-term rentals, short-term investment, or a primary residence. Property features a versatile upper-level bonus space, offering flexibility for office, studio, or additional use. Brand-new appliances, including refrigerator, microwave, range, and dishwasher, providing a modern and move-in ready feel. Additional upgrades add value and convenience for the next owner. With strong rental potential and a prime location near the coast, this property is a smart investment opportunity in a growing area. Whether you're looking to expand your portfolio or secure a home near the beach, this one checks all the boxes. Motivated seller!

Key facts

• Brand-new appliances
• 2,550 sq ft lot
• Built 1918

Tags

• BRAND-NEW APPLIANCES
• STRONG RENTAL POTENTIAL
• PRIME LOCATION NEAR THE COAST

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $155k.

Deal economics

• At list price, monthly cash flow is $264 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $150k (3.0% below list) — sets the bar for market timing.

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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).
• At $1,702/mo this rent would consume 49% of the median local household income ($42k/yr) (locally 2772% 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 (-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 44 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 17y ago; this cycle's ask has dropped $75k (33%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; 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 $150,350 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1918 — 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. 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: 1.10% ✓
• Cap rate: 8.34%
• Cash-on-cash: 7.31%
• DSCR: 1.33
• GRM: 7.6

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: -4.5%
• Equity multiple: 0.83×
• Total profit: $-7,268
• Equity at exit: $23,111

10-year hold

• IRR: 5.9%
• Equity multiple: 1.45×
• Total profit: $19,551
• Equity at exit: $13,402

Cash invested: $43,400 (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: 7.6×

Monthly cashflow live

• Estimated rent: $1,702 high
• Mortgage (P&I): −$813
• Tax from tax record: −$203 /mo · $2,432/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $264

Break-even live

Break-even rent $1,367

Max offer price $155,000

Occupancy floor 79%

Sensitivity live

Price	-10% $352	-5% $308	+0% $264	+5% $220	+10% $177
Rent	-10% $130	-5% $197	+0% $264	+5% $332	+10% $399
Rate	-1.0pp $342	-0.5pp $304	base $264	+0.5pp $224	+1.0pp $183

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
209 Taylor Ave Unit 2 Daytona Beach, FL	3.0	1.0	970	$2,490	$2.57	24d	1	0.12mi
507 N Ridgewood Ave Unit 4 Daytona Beach, FL	1.0	1.0	800	$900	$1.12	24d	1	0.12mi
326 Hobart Ave Daytona Beach, FL	3.0	1.0	979	$2,150	$2.20	24d	1	0.20mi
138 Kingston Ave Daytona Beach, FL	3.0	2.0	996	$1,900	$1.91	24d	1	0.39mi
119 Thomasson Ave Daytona Beach, FL	2.0	1.0	851	$1,199	$1.41	12d	2	0.51mi
244 Lexington Dr Daytona Beach, FL	3.0	1.0	1099	$2,550	$2.32	15d	1	0.51mi
422 N Lincoln St Daytona Beach, FL	3.0	2.0	1354	$2,150	$1.59	24d	1	0.56mi
171 Daytona Ave Daytona Beach, FL	2.0	2.0	835	$1,650	$1.98	24d	1	0.60mi
417 Jefferson St #1 Daytona Beach, FL	2.0	1.0	700	$1,890	$2.70	24d	1	0.63mi
601 Vera St Unit 601 Daytona Beach, FL	2.0	1.0	1113	$1,700	$1.53	24d	1	0.65mi
464 Brentwood Dr Daytona Beach, FL	1.0–2.0	1.0	850	$1,365	$1.61	12d	8	0.69mi
512 Fulton St Daytona Beach, FL	2.0	1.0	963	$1,600	$1.66	24d	1	0.76mi
550 Ruth St Daytona Beach, FL	3.0	2.0	1114	$1,995	$1.79	12d	1	0.79mi
249 College Park Dr Daytona Beach, FL	2.0	1.0	1000	$1,425	$1.43	22d	1	0.83mi
218 Center St Daytona Beach, FL	3.0	2.0	1234	$2,190	$1.77	22d	1	0.84mi
100 Navigator DR Daytona Beach, FL	1.0–3.0	1.0–2.0	1029	$1,458	$1.42	12d	25	0.90mi
331 Clifton Ave Daytona Beach, FL	3.0	2.0	1355	$2,050	$1.51	24d	1	0.95mi
625 Holmes Ave Daytona Beach, FL	2.0	1.0	768	$995	$1.30	22d	1	0.96mi
411 N Halifax Ave #200 Daytona Beach, FL	2.0	2.0	766	$1,250	$1.63	24d	1	0.98mi
415 N Halifax Ave Daytona Beach, FL	2.0	1.0–2.0	811	$1,438	$1.77	22d	2	0.99mi
155 5th St Unit B Daytona Beach, FL	1.0	1.0	798	$1,200	$1.50	24d	1	1.00mi
145 S Halifax Ave Unit 2 Daytona Beach, FL	2.0	1.0	1000	$2,400	$2.40	24d	1	1.04mi
430 Dorothy Ave Daytona Beach, FL	3.0	1.0	1103	$1,700	$1.54	15d	1	1.05mi
19 S Hollywood Ave Unit 4 Daytona Beach, FL	3.0	1.0	1000	$1,800	$1.80	24d	1	1.09mi
21 S Hollywood Ave Unit 6 Daytona Beach, FL	2.0	1.0	800	$1,500	$1.88	15d	1	1.11mi
215 N Oleander Ave Daytona Beach, FL	3.0	1.0	1026	$1,550	$1.51	24d	1	1.11mi
215 N Oleander Ave Daytona Beach, FL	3.0	1.0	1026	$1,550	$1.51	22d	1	1.11mi
625 N Halifax Ave Daytona Beach, FL	2.0	1.5–2.0	1153	$1,488	$1.29	20d	2	1.12mi
309 Oakridge Blvd #6 Daytona Beach, FL	2.0	1.0	904	$1,500	$1.66	24d	1	1.13mi
149 S Hollywood Ave Unit 6 Daytona Beach, FL	1.0	1.0	850	$1,250	$1.47	24d	1	1.15mi
400 S Peninsula Dr Unit 2 Daytona Beach, FL	2.0	1.0	754	$1,300	$1.72	15d	1	1.15mi
515 Butler Blvd Unit B Daytona Beach, FL	2.0	2.5	1064	$2,000	$1.88	24d	1	1.17mi
515 Butler Blvd Unit A Daytona Beach, FL	2.0	2.0	1064	$2,000	$1.88	24d	1	1.17mi
400 Oakridge Blvd #180 Daytona Beach, FL	2.0	1.0	864	$1,550	$1.79	24d	1	1.19mi
342 S Segrave St Daytona Beach, FL	2.0	1.0	900	$1,125	$1.25	24d	1	1.19mi
520 Zinfandel Dr Unit 1 Daytona Beach, FL	3.0	2.5	1463	$2,500	$1.71	24d	1	1.21mi
732 N Halifax Ave Daytona Beach, FL	1.0–2.0	1.0–2.0	862	$1,200	$1.39	24d	2	1.22mi
860 Magnolia Ave Unit 3 Daytona Beach, FL	2.0	1.0	800	$1,300	$1.62	20d	1	1.23mi
30 S Grandview Ave #3 Daytona Beach, FL	2.0	1.5	1400	$1,350	$0.96	24d	1	1.24mi
213 Live Oak Ave Unit A Daytona Beach, FL	2.0	1.0	900	$1,255	$1.39	24d	1	1.24mi

Listing history 44 events

1. 2026-06-18
   days on market $155,000 Active 44 DOM
2. 2026-06-17
   statusdays on market $155,000 Active 43 DOM
3. 2026-06-14
   statusdays on market $155,000 Pending 42 DOM
4. 2026-06-10
   days on market $155,000 Active 40 DOM
5. 2026-06-09
   days on market $155,000 Active 39 DOM
6. 2026-06-08
   days on market $155,000 Active 38 DOM
7. 2026-06-07
   days on market $155,000 Active 37 DOM
8. 2026-06-05
   price $155,000 Active 34 DOM
9. 2026-05-18
   price $189,999 916-char remark

   Show marketing remark (916 chars)

   One or more photo(s) has been virtually staged. Great opportunity in the heart of Daytona Beach! This property offers excellent potential for both homeowners and investors alike. Ideally located just minutes from the beach, shopping, dining, and major roadways, making it perfect for long-term rentals, short-term investment, or a primary residence. Property features a versatile upper-level bonus space, offering flexibility for office, studio, or additional use. Brand-new appliances, including refrigerator, microwave, range, and dishwasher, providing a modern and move-in ready feel. Additional upgrades add value and convenience for the next owner. With strong rental potential and a prime location near the coast, this property is a smart investment opportunity in a growing area. Whether you're looking to expand your portfolio or secure a home near the beach, this one checks all the boxes. Motivated seller!

10. 2026-04-28
    price $199,999 916-char remark

    Show marketing remark (916 chars)

    One or more photo(s) has been virtually staged. Great opportunity in the heart of Daytona Beach! This property offers excellent potential for both homeowners and investors alike. Ideally located just minutes from the beach, shopping, dining, and major roadways, making it perfect for long-term rentals, short-term investment, or a primary residence. Property features a versatile upper-level bonus space, offering flexibility for office, studio, or additional use. Brand-new appliances, including refrigerator, microwave, range, and dishwasher, providing a modern and move-in ready feel. Additional upgrades add value and convenience for the next owner. With strong rental potential and a prime location near the coast, this property is a smart investment opportunity in a growing area. Whether you're looking to expand your portfolio or secure a home near the beach, this one checks all the boxes. Motivated seller!

11. 2026-04-22
    listed $230,000 Active 916-char remark

    Show marketing remark (916 chars)

    One or more photo(s) has been virtually staged. Great opportunity in the heart of Daytona Beach! This property offers excellent potential for both homeowners and investors alike. Ideally located just minutes from the beach, shopping, dining, and major roadways, making it perfect for long-term rentals, short-term investment, or a primary residence. Property features a versatile upper-level bonus space, offering flexibility for office, studio, or additional use. Brand-new appliances, including refrigerator, microwave, range, and dishwasher, providing a modern and move-in ready feel. Additional upgrades add value and convenience for the next owner. With strong rental potential and a prime location near the coast, this property is a smart investment opportunity in a growing area. Whether you're looking to expand your portfolio or secure a home near the beach, this one checks all the boxes. Motivated seller!

12. 2026-04-02
    historical
13. 2026-02-20
    price $199,999
14. 2025-11-17
    price $254,900
15. 2025-10-03
    listed $274,000 Active
16. 2025-09-23
    historical
17. 2025-06-17
    price $274,000
18. 2025-06-03
    price $295,000
19. 2025-04-07
    listed $299,900 Active
20. 2025-04-01
    historical
21. 2025-03-01
    price $319,000
22. 2025-01-23
    price $349,000
23. 2024-12-13
    listed $375,000 Active
24. 2024-12-05
    historical
25. 2024-12-03
    listed $399,900 Active
26. 2024-11-12
    historical
27. 2024-10-23
    historical
28. 2024-10-20
    listed $399,999 Active
29. 2024-10-16
    listed $399,999 Active
30. 2024-06-21
    soldstatus $155,000 Closed
31. 2024-06-11
    status Pending
32. 2024-04-29
    status Pending
33. 2024-04-24
    price $169,900
34. 2024-04-19
    price $179,900
35. 2024-04-03
    listed $185,900 Active
36. 2024-04-01
    historical
37. 2024-04-01
    listed $185,900 Active
38. 2021-08-05
    soldstatus $72,500
39. 2021-08-02
    soldstatus $72,500 Closed
40. 2021-05-25
    status Pending
41. 2021-04-30
    listed $75,000 Active
42. 2009-04-01
    listed $85,000
43. 1995-04-21
    soldstatus $25,000
44. 1976-05-01
    soldstatus $18,000

ⓘ 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: $2,432 · $203/mo
• Projected year-2 tax: $2,432 · $203/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 5/10 Major FEMA zone X (unshaded) · 40% 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: $20,422
• − Mortgage interest: −$8,682
• − Property taxes: −$2,432
• − Insurance: −$775
• − Repairs & maintenance: −$1,634
• − Management: −$1,634
• − Depreciation: −$4,509
• Taxable income: $756
• Est. tax owed @ 24.0%: −$181
• After-tax cash flow: $2,991/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

+955.6% since first listed

36 events — show timeline

• 2026-05-18 Price Changed $189,999 Stellar MLS as Distributed by MLS Grid
• 2026-04-28 Price Changed $199,999 Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Listed $230,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-02 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-20 Price Changed $199,999 Stellar MLS as Distributed by MLS Grid
• 2025-11-17 Price Changed $254,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-03 Listed $274,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-06-17 Price Changed $274,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-03 Price Changed $295,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-07 Listed $299,900 Stellar MLS as Distributed by MLS Grid
• 2025-04-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-03-01 Price Changed $319,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-23 Price Changed $349,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-13 Listed $375,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-05 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-12-03 Listed $399,900 Stellar MLS as Distributed by MLS Grid
• 2024-11-12 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-10-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-10-20 Listed $399,999 Stellar MLS as Distributed by MLS Grid
• 2024-10-16 Listed $399,999 Stellar MLS as Distributed by MLS Grid
• 2024-06-21 Sold (MLS) $155,000 Daytona MLS
• 2024-06-11 Pending — Daytona MLS
• 2024-04-29 Pending — Daytona MLS
• 2024-04-24 Price Changed $169,900 Daytona MLS
• 2024-04-19 Price Changed $179,900 Daytona MLS
• 2024-04-03 Listed $185,900 Daytona MLS
• 2024-04-01 Listed $185,900 Daytona MLS
• 2024-04-01 Listing Removed — Daytona MLS
• 2021-08-05 Sold (Public Records) $72,500 Public Records
• 2021-08-02 Sold (MLS) $72,500 Daytona MLS
• 2021-05-25 Pending — Daytona MLS
• 2021-04-30 Listed $75,000 Daytona MLS
• 2009-04-01 Listed $85,000 Daytona MLS
• 1995-04-21 Sold (Public Records) $25,000 Public Records
• 1976-05-01 Sold (Public Records) $18,000 Public Records

Property tax history

+17.3%/yr

Latest (2025): $2,432 · +47.9% YoY. Source: county tax records.