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1601 Delphi Way
F Composite 33.67
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

1601 Delphi Way · Edgewater, FL 32168
3 bd · 2.0 ba · 1,710 sqft · SingleFamily public records · 164 Days on market
Built 2022 Good condition 6,000 sqft lot $213/sqft · at area comps Est $366k · at est. $255/mo HOA · 10% of rent

🖨 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

LAKEFRONT HOMEGATED SECTIONSPACIOUS ISLAND KITCHENWALK-IN PANTRYCOVERED PATIOCOMMUNITY POOL

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

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.
Recommended offer $185,534 (49.2% below list)

Questions for the listing agent

  1. 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?
  2. 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?
  3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  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. 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?
  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 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

5-year hold
IRR
-34.3%
Equity multiple
-0.14×
Total profit
$-116,192
Equity at exit
$54,408
10-year hold
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
3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

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
Vacancy / Maint / Mgmt
$563
Net cashflow
$-1,015

Break-even live

Break-even rent $3,964
Max offer price $185,534
Occupancy floor

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
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

AddressBedsBaths SqftRent$/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

  1. 2026-06-15
    days on market $364,900 Active 164 DOM
  2. 2026-06-14
    days on market $364,900 Active 162 DOM
  3. 2026-06-10
    days on market $364,900 Active 159 DOM
  4. 2026-06-09
    days on market $364,900 Active 158 DOM
  5. 2026-06-08
    days on market $364,900 Active 157 DOM
  6. 2026-06-07
    days on market $364,900 Active 156 DOM
  7. 2026-06-05
    days on market $364,900 Active 153 DOM
  8. 2026-06-03
    days on market $364,900 Active 152 DOM
  9. 2026-06-03
    days on market $364,900 Active 151 DOM
  10. 2026-06-01
    days on market $364,900 Active 150 DOM
  11. 2026-05-31
    days on market $364,900 Active 149 DOM
  12. 2026-05-31
    days on market $364,900 Active 148 DOM
  13. 2026-05-15
    listed $2,500
  14. 2026-05-13
    price $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.

  15. 2026-04-20
    price $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.

  16. 2026-03-16
    price $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.

  17. 2026-01-24
    price $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.

  18. 2026-01-02
    listed $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.

  19. 2025-12-03
    historical
  20. 2025-12-03
    historical
  21. 2025-10-31
    price $387,500
  22. 2025-10-31
    price $387,500
  23. 2025-09-09
    listed $389,320 Active
  24. 2025-09-09
    listed $389,320 Active
  25. 2025-09-03
    historical
  26. 2025-06-26
    price $394,900
  27. 2025-06-04
    price $399,500
  28. 2025-03-03
    listed $405,900 Active
  29. 2022-02-25
    soldstatus $375,991
  30. 2022-02-25
    soldstatus $375,991 Closed
  31. 2022-02-07
    historical Contingent
  32. 2022-01-26
    price $375,991
  33. 2021-12-30
    price $373,991
  34. 2021-11-05
    price $370,991
  35. 2021-11-05
    status Active
  36. 2021-06-15
    historical Contingent
  37. 2021-06-09
    price $355,991
  38. 2021-06-08
    listed $375,991
  39. 2021-06-08
    listed $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
combined federal + state — saved on this device
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

Good 75/100 None rehab

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.
F Composite school gradezoned avg 48/100

Zoned Schools

Elementary Edgewater Public School B- FL #690/2,144 Nat'l #7,252/41,679 Middle New Smyrna Beach Middle School D- FL #331/571 Nat'l #5,160/14,009 High New Smyrna Beach High School F FL #255/667 Nat'l #7,439/17,239

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
B Composite livability gradescore 72/100

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 · 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
23.3% rent · 76.7% 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

Price history

-99.3% since first listed
27 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%/yr

Latest (2025): $4,617 · -10.3% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…