2816 Travelers Palm Dr · Edgewater, FL 32141

$192,000

3 bd · 2.0 ba · 1,226 sqft · SingleFamily public records · 1 Days on market

Built 1979 10,000 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 +27.2/30.0
• DSCR +9.5/10.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• 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

Reduced for quick sale!

Key facts

• 0.23 acre lot
• Garage
• Built 1979

Property features AI

Finance

• Other: Zoning: R1; No lease restrictions indicated
• HOA & community: No HOA association indicated; Development: Florida Shores

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Single-family residence; One story; Facing northeast; Homestead property
• Construction: Block and brick construction; Shingle roof; Slab foundation; Built on a 0.23-acre lot (approx. 80 x 125)
• Exterior features: Sliding doors; Asphalt road access

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room and dining room combo; Walk-in closet(s)
• Laundry & utility: Laundry area in the garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $192k.

Deal economics

• At list price, monthly cash flow is $551 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $192k).

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.
• Zoned schools: Indian River Elementary School (math 57% / reading 55%, grade C+, #832 of 2,144 statewide, top 40%, 613 students, 61% FRL); New Smyrna Beach High School (math 34% / reading 52%, grade F, #255 of 667 statewide, top 39%, 1,810 students, 41% FRL) — zoned schools at 51% FRL track the district average.
• Market conditions: 304 active listings in the ZIP; 15 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 40% 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 $54k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts 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 $55k; list at $192k implies a 249% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $192,000

Questions for the listing agent

1. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.11% ✓
• Cap rate: 9.74%
• Cash-on-cash: 12.31%
• DSCR: 1.55
• GRM: 7.5

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: 1.9%
• Equity multiple: 1.07×
• Total profit: $3,915
• Equity at exit: $28,628

10-year hold

• IRR: 11.5%
• Equity multiple: 1.90×
• Total profit: $48,276
• Equity at exit: $16,601

Cash invested: $53,760 (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: 7.5×

Monthly cashflow live

• Estimated rent: $2,135 high
• Mortgage (P&I): −$1,007
• Tax from tax record: −$49 /mo · $584/yr
• Insurance: −$80
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $551

Break-even live

Break-even rent $1,437

Max offer price $192,000

Occupancy floor 69%

Sensitivity live

Price	-10% $660	-5% $606	+0% $551	+5% $497	+10% $443
Rent	-10% $383	-5% $467	+0% $551	+5% $636	+10% $720
Rate	-1.0pp $648	-0.5pp $600	base $551	+0.5pp $502	+1.0pp $451

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: $48,000
• Closing costs: $5,760
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2827 Royal Palm Dr Edgewater, FL	3.0	2.0	1212	$1,900	$1.57	24d	1	0.13mi
2621 India Palm Dr Edgewater, FL	3.0	2.0	1269	$2,400	$1.89	24d	1	0.71mi
3120 Juniper Dr Edgewater, FL	3.0	2.0	1440	$2,150	$1.49	24d	1	0.75mi
2219 Umbrella Tree Dr Edgewater, FL	3.0	2.0	1446	$2,300	$1.59	24d	1	0.80mi
2421 India Palm Dr Edgewater, FL	3.0	2.0	1358	$2,150	$1.58	20d	1	0.84mi
3208 India Palm Dr Edgewater, FL	2.0	2.0	990	$1,550	$1.57	12d	1	0.86mi
2330 India Palm Dr Edgewater, FL	2.0	2.0	1025	$1,499	$1.46	15d	1	0.89mi
2515 Fern Palm Dr Edgewater, FL	3.0	2.0	1400	$2,200	$1.57	12d	1	0.92mi
3411 Needle Palm Dr Edgewater, FL	3.0	1.0	960	$2,000	$2.08	24d	1	0.94mi
3318 India Palm Dr Edgewater, FL	2.0	2.0	1200	$1,875	$1.56	24d	1	0.98mi
3424 Unity Tree Dr Edgewater, FL	3.0	2.0	1246	$2,200	$1.77	24d	1	1.00mi
2314 Fern Palm Dr Unit 2314 Edgewater, FL	2.0	2.0	1200	$1,700	$1.42	20d	1	1.04mi
3413 Juniper Dr Edgewater, FL	2.0	1.0	1000	$1,500	$1.50	24d	1	1.06mi
1000 Egret Ct Edgewater, FL	2.0	2.0	1051	$2,400	$2.28	24d	1	1.37mi
1822 Royal Palm Dr Edgewater, FL	3.0	2.0	1400	$1,620	$1.16	15d	1	1.46mi

Listing history 14 events

1. 2026-05-08
   status Pending
2. 2026-05-08
   listed $192,000 Active
3. 2025-07-22
   historical
4. 2025-07-11
   status Active
5. 2025-05-21
   price $245,000
6. 2025-05-16
   status Active
7. 2025-05-13
   status Pending
8. 2025-05-12
   status Active
9. 2025-05-05
   status Pending
10. 2025-04-29
    listed $225,000 Active
11. 1997-03-26
    soldstatus $55,000
12. 1997-03-26
    soldstatus $55,000
13. 1991-05-01
    soldstatus $52,000
14. 1989-02-01
    soldstatus $47,400

ⓘ 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: $584 · $49/mo
• Projected year-2 tax: $1,594 · $133/mo
• Expected delta: +$1,009/yr (+$84/mo · 172.8%)

ⓘ 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 10/10 Extreme 7 d/yr ≥105°F today · 22 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: $25,623
• − Mortgage interest: −$10,755
• − Property taxes: −$584
• − Insurance: −$960
• − Repairs & maintenance: −$2,050
• − Management: −$2,050
• − Depreciation: −$5,585
• Taxable income: $3,639
• Est. tax owed @ 24.0%: −$873
• After-tax cash flow: $5,742/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

+305.1% since first listed

14 events — show timeline

• 2026-05-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Listed $192,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-07-11 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-05-21 Price Changed $245,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-16 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-05-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-05-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-05-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-04-29 Listed $225,000 Stellar MLS as Distributed by MLS Grid
• 1997-03-26 Sold (Public Records) $55,000 Public Records
• 1997-03-26 Sold (Public Records) $55,000 Public Records
• 1991-05-01 Sold (Public Records) $52,000 Public Records
• 1989-02-01 Sold (Public Records) $47,400 Public Records

Property tax history

-0.8%/yr

Latest (2025): $584 · -0.5% YoY. Source: county tax records.