1601 Delphi Way · Edgewater, FL
Flood risk 6/10 · Moderate
- FEMA flood zone
- AE
- Chance of flooding over 30 yrs
- 0.54%
- Est. flood insurance / yr
- $1,737 – $8,500
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 9/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 20 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the F 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).
- ARV discount +7.6/15.0
- Cash flow +6.7/30.0
- Schools +4.9/10.0
- Rent growth +3.9/5.0
- Condition / age +3.8/5.0
- Livability +3.6/5.0
- 1% rule +2.3/10.0
- DSCR +0.9/10.0
- Appreciation +0.0/10.0
$364,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
One or more photo(s) has been virtually staged. Note New List Price. Originally $409,900 Now $364,900! DISTRESED SELLER WILL NOW DO FOR SALE OR LEASE. $2500 per month, 1st, Last and Security. MOVE -IN CONDITION. WATERFRONT - NEW SMYRNA BEACH- Oak Leaf Preserve - GATED NEIGHBORHOOD. Popular 3 bedrooms plan PLUS loaded with upgrades including, WOOD TILED FLOORING throughout (except 1 bedroom), 42" CABNETS, QUARTZ COUNTERS throughout, CEILING FANS, Great Closet space and DECKED ATTIC WITH PULL DOWN STAIR. Spacious ISLAND KITCHEN with breakfast bar and large WALK IN PANTRY with added shelves as well as CABINET PULL OUT SHELVES and STAINLESS APPIANCES including double door refrigerator and microwave and REVERSE OSMOSIS WATER FILTRATION. DOUBLE PANED WINDOWS WITH NEW FAUX WOOD BLINDS, SMART HOME with KEYLESS SCREENED FRONT DOOR ENTRY. custom interior paint, UPGRADED LIGHT FIXTURES AND MIRRORS, COMFORT HEIGHT TOILETS, TILE SURROUNDS IN KITCHEN AND BATHS, LAUNDRY ROOM WITH WASHER AND DRYER PLUS ADDED SINK AND CABINETS, NEW SCREENING FOR COVERED patio with GREAT LAKE VIEWS. $255. Mo HOA includes LAWN MOWING, IRRIGATION, COMMUNITY POOL and More. Great close in location to beaches, shopping and restaurants plus with the last three hurricanes, no community or property flooding. This home is in move in condition and ready to sell. Call today and be home tomorrow! Buyer to confirm all measurements and HOA information.
Key facts
- Community pool
- Covered patio
- Lakefront home
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $365k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-1k ($-12k/yr) — negative.
- To cash-flow at today's rent, offer at most $186k (49.2% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $268k (26.6% below list).
- Recommended offer: $186k (49.2% below list) — sets the bar for cash-flow.
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: Edgewater Public School (math 67% / reading 52%, grade B-, #690 of 2,144 statewide, top 34%, 504 students, 64% FRL); New Smyrna Beach Middle School (math 43% / reading 43%, grade D-, #331 of 571 statewide, top 59%, 1,037 students, 53% 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 53% FRL track the district average.
- Market conditions: Rents rising fast (+5.6%/yr); 786 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 88d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
- This rent runs 42% of the median local income ($77k/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 $3k of loan paydown is wiped out by about $11k 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 164 days — a 12% lower offer ($321k) is reasonable based on typical stale-listing flexibility.
- 8 sale attempts since 5y ago; this cycle's ask is 14496% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
Risks & watch-outs
- Watch-outs: flood insurance adds $427/mo.
- Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 164 days. Have you received any prior offers? Is the seller open to a 49% concession, seller financing, or rate buy-down credit?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- 0.73% ✗
- Cap rate
- 4.36%
- Cash-on-cash
- -6.92%
- DSCR
- 0.69
- GRM
- 11.4
CMA / ARV
- ARV (median comp)
- $366,000
- List price
- $364,900
- Delta
- -0.30%
- Verdict
- FAIR
- Comps
- 7 within 1.0 mi
Show comp detail 6 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1527 Delphi Way | 0.25mi | 3/2.0 | 1,722 (+1%) | 1mo | $395,000 | $229 | 87 |
| 1901 Deep Lake Cir | 0.36mi | 3/2.0 | 1,672 (-2%) | 0mo | $364,990 | $218 | 79 |
| 1902 Deep Lake Cir | 0.39mi | 4/2.0 (+1) | 1,828 (+7%) | 2mo | $390,000 | $213 | 64 |
| 1626 Tatum Blvd | 0.55mi | 3/2.0 | 1,554 (-9%) | 1mo | $300,000 | $193 | 58 |
| 2250 Lake Preserve Cir | 0.59mi | 4/2.0 (+1) | 1,828 (+7%) | 1mo | $349,000 | $191 | 55 |
| 1345 Claudette St | 0.60mi | 3/2.0 | 1,517 (-11%) | 1mo | $418,000 | $276 | 52 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 5.6% rent growth · sell at horizon
- IRR
- -34.3%
- Equity multiple
- -0.14×
- Total profit
- $-116,192
- Equity at exit
- $54,408
- IRR
- -27.5%
- Equity multiple
- -0.48×
- Total profit
- $-151,638
- Equity at exit
- $31,550
Cash invested: $102,172 (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
Active competition Active MLS
- For sale now
- 11 active · 13 under contract
- Months of supply
- 9.4 mo (11%/mo absorbed)
- Median asking
- $384,900 ($219/sqft)
- Median days on market
- 48 d
- This list price
- 18% of active listings are priced below it
- ARV vs active asking
- -2.2% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 32168
- Home prices YoY
- -27.0%
- Rents YoY
- 5.6%
- Active inventory
- 786
- Price-to-rent
- 11.4×
Monthly cashflow live
- Estimated rent
- $2,679 high interval (Pro) →
- Mortgage (P&I)
- −$1,914
- Tax from tax record
- −$385 /mo · $4,617/yr
- Insurance
- −$152
- Flood insurance flood zone
- −$427 /mo · $5,118/yr
- HOA
- −$255
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$563
- Net cashflow
- $-1,015
Break-even live
Sensitivity live
| Price | -10% $-809 | -5% $-912 | +0% $-1,015 | +5% $-1,119 | +10% $-1,222 |
|---|---|---|---|---|---|
| Rent | -10% $-1,227 | -5% $-1,121 | +0% $-1,015 | +5% $-910 | +10% $-804 |
| Rate | -1.0pp $-832 | -0.5pp $-923 | base $-1,015 | +0.5pp $-1,110 | +1.0pp $-1,206 |
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
- $91,225
- Closing costs
- $10,947
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 6 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1601 Delphi Way New Smyrna Beach, FL | 3.0 | 2.0 | 1722 | $2,500 | $1.45 | 88d | 1 | 0.01mi |
| 1731 Red Rock Rd New Smyrna Beach, FL | 3.0 | 2.0 | 1722 | $2,475 | $1.44 | 62d | 1 | 0.13mi |
| 1822 Red Rock Rd New Smyrna Beach, FL | 3.0 | 2.0 | 1697 | $3,000 | $1.77 | 119d | 1 | 0.26mi |
| 2219 Lake Preserve Cir New Smyrna Beach, FL | 4.0 | 2.0 | 1828 | $3,400 | $1.86 | 62d | 1 | 0.52mi |
| 2286 Swoope Dr New Smyrna Beach, FL | 3.0 | 2.0 | 1323 | $2,600 | $1.97 | 88d | 1 | 0.97mi |
| 308 Wildwood Dr Edgewater, FL | 3.0 | 2.0 | 1485 | $2,195 | $1.48 | 115d | 1 | 1.29mi |
HOA detail $255/mo · $3,060/yr
- Likely covers
- waterpoolsecurity
Listing history 39 events
-
2026-06-15days on market $364,900 Active 164 DOM
-
2026-06-14days on market $364,900 Active 162 DOM
-
2026-06-10days on market $364,900 Active 159 DOM
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2026-06-09days on market $364,900 Active 158 DOM
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2026-06-08days on market $364,900 Active 157 DOM
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2026-06-07days on market $364,900 Active 156 DOM
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2026-06-05days on market $364,900 Active 153 DOM
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2026-06-03days on market $364,900 Active 152 DOM
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2026-06-03days on market $364,900 Active 151 DOM
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2026-06-01days on market $364,900 Active 150 DOM
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2026-05-31days on market $364,900 Active 149 DOM
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2026-05-31days on market $364,900 Active 148 DOM
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2026-05-15$2,500
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2026-05-13price $364,900 1432-char remark
Show marketing remark (1432 chars)
One or more photo(s) has been virtually staged. Note New List Price. Originally $409,900 Now $364,900! DISTRESED SELLER WILL NOW DO FOR SALE OR LEASE. $2500 per month, 1st, Last and Security. MOVE -IN CONDITION. WATERFRONT - NEW SMYRNA BEACH- Oak Leaf Preserve - GATED NEIGHBORHOOD. Popular 3 bedrooms plan PLUS loaded with upgrades including, WOOD TILED FLOORING throughout (except 1 bedroom), 42" CABNETS, QUARTZ COUNTERS throughout, CEILING FANS, Great Closet space and DECKED ATTIC WITH PULL DOWN STAIR. Spacious ISLAND KITCHEN with breakfast bar and large WALK IN PANTRY with added shelves as well as CABINET PULL OUT SHELVES and STAINLESS APPIANCES including double door refrigerator and microwave and REVERSE OSMOSIS WATER FILTRATION. DOUBLE PANED WINDOWS WITH NEW FAUX WOOD BLINDS, SMART HOME with KEYLESS SCREENED FRONT DOOR ENTRY. custom interior paint, UPGRADED LIGHT FIXTURES AND MIRRORS, COMFORT HEIGHT TOILETS, TILE SURROUNDS IN KITCHEN AND BATHS, LAUNDRY ROOM WITH WASHER AND DRYER PLUS ADDED SINK AND CABINETS, NEW SCREENING FOR COVERED patio with GREAT LAKE VIEWS. $255. Mo HOA includes LAWN MOWING, IRRIGATION, COMMUNITY POOL and More. Great close in location to beaches, shopping and restaurants plus with the last three hurricanes, no community or property flooding. This home is in move in condition and ready to sell. Call today and be home tomorrow! Buyer to confirm all measurements and HOA information.
-
2026-04-20price $369,900 1432-char remark
Show marketing remark (1432 chars)
One or more photo(s) has been virtually staged. Note New List Price. Originally $409,900 Now $364,900! DISTRESED SELLER WILL NOW DO FOR SALE OR LEASE. $2500 per month, 1st, Last and Security. MOVE -IN CONDITION. WATERFRONT - NEW SMYRNA BEACH- Oak Leaf Preserve - GATED NEIGHBORHOOD. Popular 3 bedrooms plan PLUS loaded with upgrades including, WOOD TILED FLOORING throughout (except 1 bedroom), 42" CABNETS, QUARTZ COUNTERS throughout, CEILING FANS, Great Closet space and DECKED ATTIC WITH PULL DOWN STAIR. Spacious ISLAND KITCHEN with breakfast bar and large WALK IN PANTRY with added shelves as well as CABINET PULL OUT SHELVES and STAINLESS APPIANCES including double door refrigerator and microwave and REVERSE OSMOSIS WATER FILTRATION. DOUBLE PANED WINDOWS WITH NEW FAUX WOOD BLINDS, SMART HOME with KEYLESS SCREENED FRONT DOOR ENTRY. custom interior paint, UPGRADED LIGHT FIXTURES AND MIRRORS, COMFORT HEIGHT TOILETS, TILE SURROUNDS IN KITCHEN AND BATHS, LAUNDRY ROOM WITH WASHER AND DRYER PLUS ADDED SINK AND CABINETS, NEW SCREENING FOR COVERED patio with GREAT LAKE VIEWS. $255. Mo HOA includes LAWN MOWING, IRRIGATION, COMMUNITY POOL and More. Great close in location to beaches, shopping and restaurants plus with the last three hurricanes, no community or property flooding. This home is in move in condition and ready to sell. Call today and be home tomorrow! Buyer to confirm all measurements and HOA information.
-
2026-03-16price $379,900 1432-char remark
Show marketing remark (1432 chars)
One or more photo(s) has been virtually staged. Note New List Price. Originally $409,900 Now $364,900! DISTRESED SELLER WILL NOW DO FOR SALE OR LEASE. $2500 per month, 1st, Last and Security. MOVE -IN CONDITION. WATERFRONT - NEW SMYRNA BEACH- Oak Leaf Preserve - GATED NEIGHBORHOOD. Popular 3 bedrooms plan PLUS loaded with upgrades including, WOOD TILED FLOORING throughout (except 1 bedroom), 42" CABNETS, QUARTZ COUNTERS throughout, CEILING FANS, Great Closet space and DECKED ATTIC WITH PULL DOWN STAIR. Spacious ISLAND KITCHEN with breakfast bar and large WALK IN PANTRY with added shelves as well as CABINET PULL OUT SHELVES and STAINLESS APPIANCES including double door refrigerator and microwave and REVERSE OSMOSIS WATER FILTRATION. DOUBLE PANED WINDOWS WITH NEW FAUX WOOD BLINDS, SMART HOME with KEYLESS SCREENED FRONT DOOR ENTRY. custom interior paint, UPGRADED LIGHT FIXTURES AND MIRRORS, COMFORT HEIGHT TOILETS, TILE SURROUNDS IN KITCHEN AND BATHS, LAUNDRY ROOM WITH WASHER AND DRYER PLUS ADDED SINK AND CABINETS, NEW SCREENING FOR COVERED patio with GREAT LAKE VIEWS. $255. Mo HOA includes LAWN MOWING, IRRIGATION, COMMUNITY POOL and More. Great close in location to beaches, shopping and restaurants plus with the last three hurricanes, no community or property flooding. This home is in move in condition and ready to sell. Call today and be home tomorrow! Buyer to confirm all measurements and HOA information.
-
2026-01-24price $397,900 1432-char remark
Show marketing remark (1432 chars)
One or more photo(s) has been virtually staged. Note New List Price. Originally $409,900 Now $364,900! DISTRESED SELLER WILL NOW DO FOR SALE OR LEASE. $2500 per month, 1st, Last and Security. MOVE -IN CONDITION. WATERFRONT - NEW SMYRNA BEACH- Oak Leaf Preserve - GATED NEIGHBORHOOD. Popular 3 bedrooms plan PLUS loaded with upgrades including, WOOD TILED FLOORING throughout (except 1 bedroom), 42" CABNETS, QUARTZ COUNTERS throughout, CEILING FANS, Great Closet space and DECKED ATTIC WITH PULL DOWN STAIR. Spacious ISLAND KITCHEN with breakfast bar and large WALK IN PANTRY with added shelves as well as CABINET PULL OUT SHELVES and STAINLESS APPIANCES including double door refrigerator and microwave and REVERSE OSMOSIS WATER FILTRATION. DOUBLE PANED WINDOWS WITH NEW FAUX WOOD BLINDS, SMART HOME with KEYLESS SCREENED FRONT DOOR ENTRY. custom interior paint, UPGRADED LIGHT FIXTURES AND MIRRORS, COMFORT HEIGHT TOILETS, TILE SURROUNDS IN KITCHEN AND BATHS, LAUNDRY ROOM WITH WASHER AND DRYER PLUS ADDED SINK AND CABINETS, NEW SCREENING FOR COVERED patio with GREAT LAKE VIEWS. $255. Mo HOA includes LAWN MOWING, IRRIGATION, COMMUNITY POOL and More. Great close in location to beaches, shopping and restaurants plus with the last three hurricanes, no community or property flooding. This home is in move in condition and ready to sell. Call today and be home tomorrow! Buyer to confirm all measurements and HOA information.
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2026-01-02$409,900 Active 1432-char remark
Show marketing remark (1432 chars)
One or more photo(s) has been virtually staged. Note New List Price. Originally $409,900 Now $364,900! DISTRESED SELLER WILL NOW DO FOR SALE OR LEASE. $2500 per month, 1st, Last and Security. MOVE -IN CONDITION. WATERFRONT - NEW SMYRNA BEACH- Oak Leaf Preserve - GATED NEIGHBORHOOD. Popular 3 bedrooms plan PLUS loaded with upgrades including, WOOD TILED FLOORING throughout (except 1 bedroom), 42" CABNETS, QUARTZ COUNTERS throughout, CEILING FANS, Great Closet space and DECKED ATTIC WITH PULL DOWN STAIR. Spacious ISLAND KITCHEN with breakfast bar and large WALK IN PANTRY with added shelves as well as CABINET PULL OUT SHELVES and STAINLESS APPIANCES including double door refrigerator and microwave and REVERSE OSMOSIS WATER FILTRATION. DOUBLE PANED WINDOWS WITH NEW FAUX WOOD BLINDS, SMART HOME with KEYLESS SCREENED FRONT DOOR ENTRY. custom interior paint, UPGRADED LIGHT FIXTURES AND MIRRORS, COMFORT HEIGHT TOILETS, TILE SURROUNDS IN KITCHEN AND BATHS, LAUNDRY ROOM WITH WASHER AND DRYER PLUS ADDED SINK AND CABINETS, NEW SCREENING FOR COVERED patio with GREAT LAKE VIEWS. $255. Mo HOA includes LAWN MOWING, IRRIGATION, COMMUNITY POOL and More. Great close in location to beaches, shopping and restaurants plus with the last three hurricanes, no community or property flooding. This home is in move in condition and ready to sell. Call today and be home tomorrow! Buyer to confirm all measurements and HOA information.
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2025-12-03historical
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2025-12-03historical
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2025-10-31price $387,500
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2025-10-31price $387,500
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2025-09-09$389,320 Active
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2025-09-09$389,320 Active
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2025-09-03historical
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2025-06-26price $394,900
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2025-06-04price $399,500
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2025-03-03$405,900 Active
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2022-02-25soldstatus $375,991
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2022-02-25soldstatus $375,991 Closed
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2022-02-07historical Contingent
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2022-01-26price $375,991
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2021-12-30price $373,991
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2021-11-05price $370,991
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2021-11-05status Active
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2021-06-15historical Contingent
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2021-06-09price $355,991
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2021-06-08$375,991
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2021-06-08$353,991 Active
ⓘ 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
- $4,617 · $385/mo
- Projected year-2 tax
- $4,617 · $385/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 AE · 54% chance over 30 yrs
- Wildfire 3/10 Moderate
- Heat 9/10 Extreme 7 d/yr ≥106°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 1 unhealthy d/yr today · 1 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $32,150
- − Mortgage interest
- −$20,440
- − Property taxes
- −$4,617
- − Insurance
- −$6,943
- − Repairs & maintenance
- −$2,572
- − Management
- −$2,572
- − HOA
- −$3,060
- − Depreciation
- −$10,615
- Taxable loss
- −$18,669
- Est. tax savings @ 24.0%
- +$4,481
- After-tax cash flow
- $-7,704/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 · 3 photos
This property is in excellent condition with move-in-ready features and upgrades. It offers a good investment opportunity with potential for further value enhancement.
Value-add opportunities
- Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
- Both Landscaping improvements — Enhances curb appeal and adds value to the property. ↑
- Both New flooring in one bedroom — Replaces worn-out flooring and improves the overall living experience. ↑
- Both New kitchen appliances — Modernizes the kitchen and adds value for potential buyers or renters. ↑
Zoned Schools
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
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Edgewater, FL
- County
- Volusia County · 572,749 people
- City population
- 42,039
- Metro
- Deltona-Daytona Beach-Ormond Beach, FL
- Population (ZIP)
- 31,847
- Household income
- $77,083
- Rent vs Own
- Severe rent burden
- 14% of renters
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 (85%)
- Race & ethnicity
- White 85% Hispanic / Latino 6% Black 5% Two or more races 4%
- Hispanic origin (detail)
- Mexican 2% Puerto Rican 1%
- Common ancestry
- Romanian 4% Italian 3% Lithuanian 2%
- Foreign-born
- 5% · Canada, Vietnam
- Languages at home
- 93% English-only · Spanish 5% Other Indo-European 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
- ▼ -129.58%
- Current HPI
- 350.4259
- Rent YoY
- ▲ 5.60%
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
-99.3% since first listed27 events — show timeline
- 2026-05-15 Listed for Rent $2,500 STELLARMLS
- 2026-05-13 Price Changed $364,900 Stellar MLS as Distributed by MLS Grid
- 2026-04-20 Price Changed $369,900 Stellar MLS as Distributed by MLS Grid
- 2026-03-16 Price Changed $379,900 Stellar MLS as Distributed by MLS Grid
- 2026-01-24 Price Changed $397,900 Stellar MLS as Distributed by MLS Grid
- 2026-01-02 Listed $409,900 Stellar MLS as Distributed by MLS Grid
- 2025-12-03 Listing Removed — Daytona MLS
- 2025-12-03 Listing Removed — Stellar MLS as Distributed by MLS Grid
- 2025-10-31 Price Changed $387,500 Daytona MLS
- 2025-10-31 Price Changed $387,500 Stellar MLS as Distributed by MLS Grid
- 2025-09-09 Listed $389,320 Daytona MLS
- 2025-09-09 Listed $389,320 Stellar MLS as Distributed by MLS Grid
- 2025-09-03 Listing Removed — Daytona MLS
- 2025-06-26 Price Changed $394,900 Daytona MLS
- 2025-06-04 Price Changed $399,500 Daytona MLS
- 2025-03-03 Listed $405,900 Daytona MLS
- 2022-02-25 Sold (MLS) $375,991 NSBMLS
- 2022-02-25 Sold (MLS) $375,991 Stellar MLS as Distributed by MLS Grid
- 2022-02-07 Contingent — NSBMLS
- 2022-01-26 Price Changed $375,991 NSBMLS
- 2021-12-30 Price Changed $373,991 NSBMLS
- 2021-11-05 Price Changed $370,991 NSBMLS
- 2021-11-05 Relisted — NSBMLS
- 2021-06-15 Contingent — NSBMLS
- 2021-06-09 Price Changed $355,991 NSBMLS
- 2021-06-08 Listed $353,991 NSBMLS
- 2021-06-08 Listed $375,991 Stellar MLS as Distributed by MLS Grid
Property tax history
+146.2%/yrLatest (2025): $4,617 · -10.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…