410 Butler Blvd · Daytona Beach, FL 32118

$650,000

8 bd · 8.0 ba · 4,218 sqft · MultiFamily · 160 Days on market

Built 1971 Good condition 9,072 sqft lot ↓ 7% since listing

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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
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• 1% rule +5.3/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Condition / age +3.8/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

Prime Daytona Beach investment opportunity! This 4,218-square-foot quadplex features four separate units, combining strong rental potential with an unbeatable coastal location—less than half a mile from the beach and boardwalk. Concrete-block construction with a metal roof ensures durability, low maintenance, and long-term value. Units 1 and 2 each offer two bedrooms and one bathroom, while Units 3 and 4 feature two bedrooms and one and a half bathrooms, appealing to a broad range of tenants. Open parking for five cars adds convenience, enhancing the property's rental appeal. Situated near restaurants, shops, and entertainment, with easy access to major highways, this property captures the full Daytona Beach lifestyle. Whether targeting vacation rentals or long-term tenants, its location and layout maximize occupancy potential. This quadplex offers a rare chance to own multiple income-producing units in a highly sought-after beach community, combining consistent cash flow with long-term appreciation. Solid construction, versatile units, and a prime location make this property a standout investment in the coastal market. Mortgage savings may be available for buyers of this listing.

Key facts

• Coastal location
• Metal roof
• Open parking

Tags

• COASTAL LOCATION
• CONCRETE-BLOCK CONSTRUCTION
• METAL ROOF
• OPEN PARKING
• EASY ACCESS TO MAJOR HIGHWAYS

What this means for you Summary

Snapshot

• This is a 2×2bd/2.0ba + 2×2bd/1.5ba units multifamily listed at $650k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $780 ($9k/yr) — positive. Per door: $195/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($7k rent vs $650k).
• Recommended offer: $572k (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 soft (-0.2%/yr); 920 active listings in the ZIP; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• At $6,673/mo this rent would consume 131% of the median local household income ($61k/yr) (locally 937% 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 $4k of loan paydown is wiped out by about $20k 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 160 days — a 12% lower offer ($572k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $100k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $572,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 160 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.03% ✓
• Cap rate: 7.73%
• Cash-on-cash: 5.14%
• DSCR: 1.23
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -11.7%
• Equity multiple: 0.59×
• Total profit: $-75,126
• Equity at exit: $96,917

10-year hold

• IRR: -7.7%
• Equity multiple: 0.58×
• Total profit: $-76,643
• Equity at exit: $56,200

Cash invested: $182,000 (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 32118

• Rents YoY: -0.2%
• Active inventory: 920
• Price-to-rent: 32.5×

Monthly cashflow live

• Estimated rent: $6,673 high
• Mortgage (P&I): −$3,409
• Tax est. 1.5%: −$812 /mo · $9,750/yr
• Insurance: −$271
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,401
• Net cashflow: $780

Break-even live

Break-even rent $5,686

Max offer price $650,000

Occupancy floor 83%

Sensitivity live

Price	-10% $1,229	-5% $1,004	+0% $780	+5% $555	+10% $330
Rent	-10% $252	-5% $516	+0% $780	+5% $1,043	+10% $1,307
Rate	-1.0pp $1,107	-0.5pp $945	base $780	+0.5pp $611	+1.0pp $440

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	2	$3,336
▸ 2× units	2	1.5	$3,336
Total (4 units)			$6,673

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: $162,500
• Closing costs: $19,500
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   price $650,000 Active 160 DOM
2. 2026-06-18
   status $699,900 Active 160 DOM
3. 2026-06-14
   statusdays on market $699,900 Pending 160 DOM
4. 2026-06-10
   days on market $699,900 Active 159 DOM
5. 2026-06-09
   days on market $699,900 Active 158 DOM
6. 2026-06-08
   days on market $699,900 Active 157 DOM
7. 2026-06-07
   days on market $699,900 Active 156 DOM
8. 2026-06-05
   days on market $699,900 Active 153 DOM
9. 2026-06-03
   days on market $699,900 Active 152 DOM
10. 2026-06-02
    days on market $699,900 Active 151 DOM
11. 2026-06-01
    days on market $699,900 Active 150 DOM
12. 2026-05-31
    days on market $699,900 Active 149 DOM
13. 2026-05-31
    days on market $699,900 Active 148 DOM
14. 2026-02-18
    price $699,900 1205-char remark

    Show marketing remark (1211 chars)

    Prime Daytona Beach investment opportunity! This 4,218-square-foot quadplex features four separate units, combining strong rental potential with an unbeatable coastal location—less than half a mile from the beach and boardwalk. Concrete-block construction with a metal roof ensures durability, low maintenance, and long-term value. Units 1 and 2 each offer two bedrooms and one bathroom, while Units 3 and 4 feature two bedrooms and one and a half bathrooms, appealing to a broad range of tenants. Open parking for five cars adds convenience, enhancing the property’s rental appeal. Situated near restaurants, shops, and entertainment, with easy access to major highways, this property captures the full Daytona Beach lifestyle. Whether targeting vacation rentals or long-term tenants, its location and layout maximize occupancy potential. This quadplex offers a rare chance to own multiple income-producing units in a highly sought-after beach community, combining consistent cash flow with long-term appreciation. Solid construction, versatile units, and a prime location make this property a standout investment in the coastal market. Mortgage savings may be available for buyers of this listing.

15. 2026-02-18
    price $699,900 1211-char remark

    Show marketing remark (1211 chars)

    Prime Daytona Beach investment opportunity! This 4,218-square-foot quadplex features four separate units, combining strong rental potential with an unbeatable coastal location—less than half a mile from the beach and boardwalk. Concrete-block construction with a metal roof ensures durability, low maintenance, and long-term value. Units 1 and 2 each offer two bedrooms and one bathroom, while Units 3 and 4 feature two bedrooms and one and a half bathrooms, appealing to a broad range of tenants. Open parking for five cars adds convenience, enhancing the property’s rental appeal. Situated near restaurants, shops, and entertainment, with easy access to major highways, this property captures the full Daytona Beach lifestyle. Whether targeting vacation rentals or long-term tenants, its location and layout maximize occupancy potential. This quadplex offers a rare chance to own multiple income-producing units in a highly sought-after beach community, combining consistent cash flow with long-term appreciation. Solid construction, versatile units, and a prime location make this property a standout investment in the coastal market. Mortgage savings may be available for buyers of this listing.

16. 2026-01-02
    listed $750,000 Active 1205-char remark

    Show marketing remark (1211 chars)

    Prime Daytona Beach investment opportunity! This 4,218-square-foot quadplex features four separate units, combining strong rental potential with an unbeatable coastal location—less than half a mile from the beach and boardwalk. Concrete-block construction with a metal roof ensures durability, low maintenance, and long-term value. Units 1 and 2 each offer two bedrooms and one bathroom, while Units 3 and 4 feature two bedrooms and one and a half bathrooms, appealing to a broad range of tenants. Open parking for five cars adds convenience, enhancing the property’s rental appeal. Situated near restaurants, shops, and entertainment, with easy access to major highways, this property captures the full Daytona Beach lifestyle. Whether targeting vacation rentals or long-term tenants, its location and layout maximize occupancy potential. This quadplex offers a rare chance to own multiple income-producing units in a highly sought-after beach community, combining consistent cash flow with long-term appreciation. Solid construction, versatile units, and a prime location make this property a standout investment in the coastal market. Mortgage savings may be available for buyers of this listing.

17. 2026-01-02
    listed $750,000 Active 1211-char remark

    Show marketing remark (1211 chars)

    Prime Daytona Beach investment opportunity! This 4,218-square-foot quadplex features four separate units, combining strong rental potential with an unbeatable coastal location—less than half a mile from the beach and boardwalk. Concrete-block construction with a metal roof ensures durability, low maintenance, and long-term value. Units 1 and 2 each offer two bedrooms and one bathroom, while Units 3 and 4 feature two bedrooms and one and a half bathrooms, appealing to a broad range of tenants. Open parking for five cars adds convenience, enhancing the property’s rental appeal. Situated near restaurants, shops, and entertainment, with easy access to major highways, this property captures the full Daytona Beach lifestyle. Whether targeting vacation rentals or long-term tenants, its location and layout maximize occupancy potential. This quadplex offers a rare chance to own multiple income-producing units in a highly sought-after beach community, combining consistent cash flow with long-term appreciation. Solid construction, versatile units, and a prime location make this property a standout investment in the coastal market. Mortgage savings may be available for buyers of this listing.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥103°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: $80,076
• − Mortgage interest: −$36,410
• − Property taxes: −$9,750
• − Insurance: −$3,250
• − Repairs & maintenance: −$6,406
• − Management: −$6,406
• − Depreciation: −$18,909
• Taxable loss: −$1,055
• Est. tax savings @ 24.0%: +$253
• After-tax cash flow: $9,609/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This 4-unit property in Daytona Beach offers good condition with minimal repairs needed. Upgrades to exterior paint, blinds, and interior spaces would significantly enhance its value for both resale and rental.

Value-add opportunities

• Both paint exterior — enhances curb appeal and resale value
• Both replace blinds — improves natural light and aesthetics
• Both update kitchen and bathrooms — modernizes spaces and enhances value
• Both install new flooring — improves durability and aesthetics
• Both upgrade HVAC system — enhances comfort and energy efficiency

Renovation cost estimate screening

Value-add ROI direction

• Both paint exterior — enhances curb appeal and resale value ↑
• Both replace blinds — improves natural light and aesthetics ↑
• Both update kitchen and bathrooms — modernizes spaces and enhances value ↑
• Both install new flooring — improves durability and aesthetics ↑
• Both upgrade HVAC system — enhances comfort and energy efficiency ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 18,383
• Household income: $61,266
• Rent vs Own: 34.4% rent · 65.6% own
• Severe rent burden: 937.0

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 (81%)
• Race & ethnicity: White 81% Two or more races 7% Hispanic / Latino 7% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 12% · Canada, Vietnam, Dominican Republic
• Languages at home: 85% English-only · Spanish 5% Other Indo-European 3% Russian/Polish/Slavic 2%

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: ▼ -534.90%
• Current HPI: 262.3757
• Rent YoY: ▼ -0.21%
• 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

-6.7% since first listed

4 events — show timeline

• 2026-02-18 Price Changed $699,900 Daytona MLS
• 2026-02-18 Price Changed $699,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-02 Listed $750,000 Daytona MLS
• 2026-01-02 Listed $750,000 Stellar MLS as Distributed by MLS Grid