1351 S Ridgewood Ave #18 · Daytona Beach, FL 32114

$79,000

1 bd · 1.0 ba · 602 sqft · Condo public records · 151 Days on market

Built 1981 $300/mo HOA · 25% of rent

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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 +19.9/30.0
• 1% rule +9.9/10.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• 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

What a fantastic value! * * * Perfect for year-round living or a relaxing vacation getaway * * * Ideally located near the beach, top restaurants, historic downtown, and the Daytona Beach International Airport. Enjoy the convenience of the community pool just steps from your front door. For an added bonus is a newer kitchen featuring crisp white cabinetry with soft close, newer A/C and newer floors. The monthly condo association fee covers exterior maintenance, lawn care, exterior pest control, water, sewer, trash, and the roof which was recently redone. Some images have been digitally altered. All measurements are approximate.

Key facts

• Newer kitchen
• Historic downtown
• Community pool

Tags

• COMMUNITY POOL
• NEWER KITCHEN
• WHITE CABINETRY
• NEWER A/C
• NEWER FLOORS
• HISTORIC DOWNTOWN

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $79k.

Deal economics

• At list price, monthly cash flow is $95 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $70k (12.0% 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; 24 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 34% 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 $546 of loan paydown is wiped out by about $2k 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 151 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 12y ago; this cycle's ask has dropped $6k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $20k; list at $79k implies a 295% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 25% of rent.
• Climate carrying-cost: major 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 $69,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 151 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.49% ✓
• Cap rate: 7.73%
• Cash-on-cash: 5.15%
• DSCR: 1.23
• GRM: 5.6

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: -7.1%
• Equity multiple: 0.73×
• Total profit: $-5,881
• Equity at exit: $11,779

10-year hold

• IRR: 3.7%
• Equity multiple: 1.28×
• Total profit: $6,283
• Equity at exit: $6,830

Cash invested: $22,120 (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: 5.6×

Monthly cashflow live

• Estimated rent: $1,179 high
• Mortgage (P&I): −$414
• Tax from tax record: −$90 /mo · $1,075/yr
• Insurance: −$33
• HOA: −$300
• Vacancy / Maint / Mgmt: −$248
• Net cashflow: $95

Break-even live

Break-even rent $1,059

Max offer price $79,000

Occupancy floor 87%

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1401 S Palmetto Ave Daytona Beach, FL	1.0–2.0	1.0–2.0	890	$1,275	$1.43	23d	3	0.06mi
1504 Virginia Ave Daytona Beach, FL	1.0–2.0	1.0–2.0	842	$1,095	$1.30	23d	3	0.16mi
313 Country Club Oval Unit 313-4 Daytona Beach, FL	1.0	1.0	650	$1,250	$1.92	23d	1	0.29mi
311 Country Club Oval Unit 311-203 Daytona Beach, FL	1.0	1.0	578	$1,250	$2.16	23d	1	0.32mi
311 Country Club Oval Unit 311-208 Daytona Beach, FL	1.0	1.0	578	$1,095	$1.89	23d	1	0.32mi
1620 S Palmetto Ave South Daytona, FL	1.0	1.0	750	$1,195	$1.59	23d	1	0.33mi
1229 S Beach St Daytona Beach, FL	1.0–3.0	1.0–2.0	906	$1,005	$1.11	19d	1	0.35mi
1140 S Ridgewood Ave Unit 1140-219 Daytona Beach, FL	1.0	1.0	450	$995	$2.21	23d	1	0.36mi
1910 S Palmetto Ave South Daytona, FL	1.0	1.0	750	$1,195	$1.59	23d	1	0.82mi
719 S Beach St Unit 304 Daytona Beach, FL	1.0	1.0	715	$1,250	$1.75	23d	1	0.91mi
719 S Beach St Unit 314B Daytona Beach, FL	1.0	1.0	715	$1,200	$1.68	23d	1	0.91mi
2002 S Palmetto Ave Unit B South Daytona, FL	1.0	1.0	625	$975	$1.56	14d	1	0.97mi
633 S Palmetto Ave Daytona Beach, FL	1.0–2.0	1.0–2.0	661	$1,245	$1.88	23d	2	1.02mi
141 Boynton Blvd Daytona Beach, FL	2.0	1.0–1.5	657	$1,250	$1.90	11d	8	1.10mi
2050 S Ridgewood Ave South Daytona, FL	1.0–2.0	1.0–1.5	818	$1,070	$1.31	23d	1	1.13mi
118 Cedar St Daytona Beach, FL	2.0	1.0	537	$1,351	$2.52	11d	28	1.14mi
500 S Beach St Unit K1 Daytona Beach, FL	2.0	1.0	750	$1,050	$1.40	14d	1	1.25mi
500 S Beach St Unit K2 Daytona Beach, FL	2.0	1.0	750	$1,050	$1.40	21d	1	1.25mi
528 Park Dr Daytona Beach, FL	2.0	1.0	600	$1,600	$2.67	23d	1	1.26mi
538 Park Dr Daytona Beach, FL	2.0	1.0	600	$1,400	$2.33	23d	1	1.26mi
886 S Nova Rd Daytona Beach, FL	1.0–2.0	1.0	685	$977	$1.43	11d	10	1.35mi
1220 S Nova Rd Daytona Beach, FL	1.0	1.0	576	$955	$1.66	11d	11	1.36mi
2290 S Palmetto Ave South Daytona, FL	—	1.0	350	$1,150	$3.29	23d	1	1.43mi
350 Maple St Daytona Beach, FL	1.0	1.0	600	$900	$1.50	23d	1	1.45mi

HOA detail condo

• Monthly dues: $300 · $3,600/yr
• Likely covers: watersewertrashlandscapingexterior maint.pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-06-15
   days on market $79,000 Active 151 DOM
2. 2026-06-14
   days on market $79,000 Active 149 DOM
3. 2026-06-10
   days on market $79,000 Active 146 DOM
4. 2026-06-09
   days on market $79,000 Active 145 DOM
5. 2026-06-08
   days on market $79,000 Active 144 DOM
6. 2026-06-07
   days on market $79,000 Active 143 DOM
7. 2026-06-05
   days on market $79,000 Active 140 DOM
8. 2026-06-03
   days on market $79,000 Active 139 DOM
9. 2026-06-03
   days on market $79,000 Active 138 DOM
10. 2026-06-01
    days on market $79,000 Active 137 DOM
11. 2026-05-31
    days on market $79,000 Active 136 DOM
12. 2026-05-31
    days on market $79,000 Active 135 DOM
13. 2026-03-23
    price $79,000 639-char remark

    Show marketing remark (639 chars)

    What a fantastic value! * * * Perfect for year-round living or a relaxing vacation getaway * * * Ideally located near the beach, top restaurants, historic downtown, and the Daytona Beach International Airport. Enjoy the convenience of the community pool just steps from your front door. For an added bonus is a newer kitchen featuring crisp white cabinetry with soft close, newer A/C and newer floors. The monthly condo association fee covers exterior maintenance, lawn care, exterior pest control, water, sewer, trash, and the roof which was recently redone. Some images have been digitally altered. All measurements are approximate.

14. 2026-01-15
    listed $84,900 Active 639-char remark

    Show marketing remark (639 chars)

    What a fantastic value! * * * Perfect for year-round living or a relaxing vacation getaway * * * Ideally located near the beach, top restaurants, historic downtown, and the Daytona Beach International Airport. Enjoy the convenience of the community pool just steps from your front door. For an added bonus is a newer kitchen featuring crisp white cabinetry with soft close, newer A/C and newer floors. The monthly condo association fee covers exterior maintenance, lawn care, exterior pest control, water, sewer, trash, and the roof which was recently redone. Some images have been digitally altered. All measurements are approximate.

15. 2014-07-09
    listed $34,000
16. 1995-08-28
    soldstatus $20,000
17. 1982-05-01
    soldstatus $31,400
18. 1981-12-01
    soldstatus $25,000

ⓘ 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: $1,075 · $90/mo
• Projected year-2 tax: $1,075 · $90/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 6/10 Major FEMA zone X (unshaded) · 56% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°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: $14,152
• − Mortgage interest: −$4,425
• − Property taxes: −$1,075
• − Insurance: −$395
• − Repairs & maintenance: −$1,132
• − Management: −$1,132
• − HOA: −$3,600
• − Depreciation: −$2,298
• Taxable income: $94
• Est. tax owed @ 24.0%: −$23
• After-tax cash flow: $1,116/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

+216.0% since first listed

6 events — show timeline

• 2026-03-23 Price Changed $79,000 Daytona MLS
• 2026-01-15 Listed $84,900 Daytona MLS
• 2014-07-09 Listed $34,000 Daytona MLS
• 1995-08-28 Sold (Public Records) $20,000 Public Records
• 1982-05-01 Sold (Public Records) $31,400 Public Records
• 1981-12-01 Sold (Public Records) $25,000 Public Records

Property tax history

+7.1%/yr

Latest (2025): $1,075 · +4.8% YoY. Source: county tax records.