713 Laisy Dr · DeLand, FL 32724

$199,900

3 bd · 1.5 ba · 1,040 sqft · SingleFamily public records · 5 Days on market

Built 1960 8,715 sqft lot

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Why this score? — see what drove the D 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 +14.3/30.0
• ARV discount +7.5/15.0
• DSCR +4.3/10.0
• Schools +3.9/10.0
• 1% rule +3.7/10.0
• 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

Under contract taking backups. .. SHORT SALE - Investors special - in need of some repair but has great potential. Garage can be converted back. Sold as is.

Key facts

• 8,715 sq ft lot
• Built 1960
• Listed 5 days

Property features AI

Finance

• Other: Residential zoning (05R-1B); Unfurnished; Living area about 1,040 square feet
• Financial info: No lease restrictions
• HOA & community: No association

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single family residence; One story; East-facing entry
• Construction: Block construction; Shingle roof; Slab foundation; Built on lot of about 0.2 acres
• Exterior features: Sidewalk; Paved road access

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Tile flooring; Vinyl flooring
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry room (other)

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $36 ($431/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (13.3% below list).
• Recommended offer: $173k (13.3% below list) — sets the bar for 1% rule.

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: Freedom Elementary School (math 55% / reading 64%, grade B-, #690 of 2,144 statewide, top 34%, 768 students, 49% FRL); Deland Middle School (math 38% / reading 43%, grade F, #360 of 571 statewide, top 64%, 1,074 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 53% FRL track the district average.
• Market conditions: Rents rising (+2.8%/yr); 669 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).

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.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 15y 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 $25k; list at $200k implies a 700% 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 $173,289 (13.3% below list)

Questions for the listing agent

1. Built in 1960 — 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. 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.87% ✗
• Cap rate: 6.51%
• Cash-on-cash: 0.77%
• DSCR: 1.03
• GRM: 9.6

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: -15.3%
• Equity multiple: 0.46×
• Total profit: $-30,421
• Equity at exit: $29,806

10-year hold

• IRR: -7.0%
• Equity multiple: 0.56×
• Total profit: $-24,840
• Equity at exit: $17,284

Cash invested: $55,972 (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: 669
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,733 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$201 /mo · $2,418/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $36

Break-even live

Break-even rent $1,687

Max offer price $199,900

Occupancy floor 93%

Sensitivity live

Price	-10% $149	-5% $93	+0% $36	+5% $-21	+10% $-77
Rent	-10% $-101	-5% $-33	+0% $36	+5% $104	+10% $173
Rate	-1.0pp $137	-0.5pp $87	base $36	+0.5pp $-16	+1.0pp $-69

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
400 E Howry Ave Deland, FL	1.0–2.0	1.0–2.0	956	$1,995	$2.09	13d	25	0.64mi
240 E Howry Ave DeLand, FL	2.0	1.0	816	$1,500	$1.84	25d	1	0.70mi
727 Wood St Deland, FL	3.0	1.0	900	$1,329	$1.48	21d	1	0.86mi
1312 Water Willow Dr DeLand, FL	1.0–2.0	1.0–2.0	785	$1,324	$1.69	25d	1	0.90mi
116 Hurts CT DeLand, FL	3.0	2.0	1318	$2,100	$1.59	25d	1	0.90mi
622 E Rich Ave Deland, FL	2.0	1.0	884	$1,230	$1.39	16d	1	1.03mi
737 S Stone St Deland, FL	3.0	1.5	1050	$1,695	$1.61	25d	1	1.05mi
832 E Indiana Ave Deland, FL	2.0	1.0	893	$1,275	$1.43	25d	1	1.09mi
903 E New York Ave DeLand, FL	3.0	2.0	1500	$2,200	$1.47	25d	1	1.10mi
703 W Chelsea St Deland, FL	3.0	2.0	1000	$1,695	$1.70	16d	1	1.10mi
313 Heritage Estates Ln Deland, FL	3.0	2.0	1459	$2,509	$1.72	25d	1	1.16mi
121 N Colorado Ave Deland, FL	2.0	1.0	770	$1,095	$1.42	21d	1	1.25mi
125 S Salisbury Ave Deland, FL	2.0	1.0	625	$1,200	$1.92	16d	2	1.26mi
125 S Salisbury Ave Unit B4 DeLand, FL	2.0	1.0	800	$1,200	$1.50	25d	1	1.26mi
315 Winslow Ave Deland, FL	2.0	1.0	1100	$1,450	$1.32	25d	1	1.26mi
119 N Orange Ave Unit 2B DeLand, FL	2.0	1.0	827	$1,100	$1.33	25d	1	1.28mi
611 S Boundary Ave DeLand, FL	3.0	2.0	1423	$1,200	$0.84	13d	1	1.32mi
12 S University Cir Deland, FL	2.0	2.0	1105	$1,775	$1.61	25d	1	1.46mi
919 E Michigan Ave Deland, FL	2.0	2.0	1323	$1,950	$1.47	13d	1	1.46mi

Listing history 11 events

1. 2026-05-12
   status Pending
2. 2026-05-07
   listed $199,900 Active
3. 2022-02-17
   price $1,469
4. 2013-04-01
   soldstatus $25,000 156-char remark

   Show marketing remark (156 chars)

   Under contract taking backups. .. SHORT SALE - Investors special - in need of some repair but has great potential. Garage can be converted back. Sold as is.

5. 2012-11-28
   historical 156-char remark

   Show marketing remark (156 chars)

   Under contract taking backups. .. SHORT SALE - Investors special - in need of some repair but has great potential. Garage can be converted back. Sold as is.

6. 2012-11-14
   listed $28,000 156-char remark

   Show marketing remark (156 chars)

   Under contract taking backups. .. SHORT SALE - Investors special - in need of some repair but has great potential. Garage can be converted back. Sold as is.

7. 2012-06-30
   historical
8. 2011-06-27
   listed $45,000
9. 2007-05-08
   soldstatus $115,000
10. 2005-06-03
    soldstatus $85,000
11. 1968-08-01
    soldstatus $11,000

ⓘ 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: $2,418 · $201/mo
• Projected year-2 tax: $2,418 · $201/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 1/10 Low
• 🌡 Heat 9/10 Extreme 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,795
• − Mortgage interest: −$11,198
• − Property taxes: −$2,418
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,664
• − Management: −$1,664
• − Depreciation: −$5,815
• Taxable loss: −$2,962
• Est. tax savings @ 24.0%: +$711
• After-tax cash flow: $1,142/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

• Census place: DeLand, FL
• 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

+1717.3% since first listed

11 events — show timeline

• 2026-05-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-07 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2022-02-17 Price Changed $1,469 RENT.
• 2013-04-01 Sold (MLS) $25,000 Stellar MLS as Distributed by MLS Grid
• 2012-11-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2012-11-14 Listed $28,000 Stellar MLS as Distributed by MLS Grid
• 2012-06-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2011-06-27 Listed $45,000 Stellar MLS as Distributed by MLS Grid
• 2007-05-08 Sold (Public Records) $115,000 Public Records
• 2005-06-03 Sold (Public Records) $85,000 Public Records
• 1968-08-01 Sold (Public Records) $11,000 Public Records

Property tax history

+11.2%/yr

Latest (2025): $2,418 · +5.5% YoY. Source: county tax records.