1662 Espanola Ave · Holly Hill, FL 32117

$138,000

2 bd · 1.0 ba · 850 sqft · SingleFamily public records · 17 Days on market

Built 1986 1,476 sqft lot $190/mo HOA · 13% of rent

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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 +21.0/30.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• 1% rule +6.0/10.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

* * * PRICE REDUCTION * * * Discover this beautifully renovated unit, offering an exceptional turnkey investment opportunity in a prime location just 15 minutes from the beach. Generating immediate cashflow. Recently updated with AC, water heater (2019), and a new roof (2022), this property allows for flexible short-term or long-term rentals. Inside, enjoy the seamless tile flooring, a modern kitchen with new appliances, updated light fixtures, and a fresh bathroom. The unit also features a fenced-in patio for privacy and the convenience of in-unit laundry. With updated ventilation and energy-saving systems, this property is move-in ready and promises excellent potential for investor

Key facts

• Fenced-in patio
• In-unit laundry
• Updated ventilation

Tags

• RENOVATED UNIT
• TURNKEY INVESTMENT OPPORTUNITY
• PRIME LOCATION
• FENCED-IN PATIO
• IN-UNIT LAUNDRY
• UPDATED VENTILATION

Property features AI

Finance

• Other: Pets allowed with breed restrictions
• HOA & community: Homeowners association with a $190 monthly fee

Exterior

• Parking: Assigned parking
• Utilities: Public water; Public sewer; Water service available
• Home design: Single-family residence; One story; Attached property
• Construction: Block, concrete and stucco construction
• Exterior features: Patio; Rear porch; Fenced yard; Shingle roof; Paved road access; Lot dimensions approximately 25 x 59

Interior

• Kitchen: Refrigerator; Microwave; Disposal; Dishwasher
• Bedrooms: Total rooms: 5
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Ceiling fans throughout; Unfurnished
• Laundry & utility: Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $138k.

Deal economics

• At list price, monthly cash flow is $193 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $138k).
• Recommended offer: $136k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#325 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, amenities F, 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.
• Market conditions: Rents rising (+1.0%/yr); 332 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 32% of the median local income ($56k/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 $954 of loan paydown is wiped out by about $4k 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 17 days — a 2% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 20y 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 $54k; list at $138k implies a 158% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $135,930 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-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. 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.
5. 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.
6. 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: 1.10% ✓
• Cap rate: 7.97%
• Cash-on-cash: 6.01%
• DSCR: 1.27
• GRM: 7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.01% rent growth · sell at horizon

5-year hold

• IRR: -9.4%
• Equity multiple: 0.66×
• Total profit: $-12,970
• Equity at exit: $20,576

10-year hold

• IRR: -3.0%
• Equity multiple: 0.82×
• Total profit: $-6,960
• Equity at exit: $11,932

Cash invested: $38,640 (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 32117

• Home prices YoY: -8.2%
• Rents YoY: 1.0%
• Active inventory: 332
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,518 high
• Mortgage (P&I): −$724
• Tax from tax record: −$34 /mo · $412/yr
• Insurance: −$58
• HOA: −$190
• Vacancy / Maint / Mgmt: −$319
• Net cashflow: $193

Break-even live

Break-even rent $1,273

Max offer price $138,000

Occupancy floor 82%

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: $34,500
• Closing costs: $4,140
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1540 Espanola Ave Unit 9 Daytona Beach, FL	1.0	1.0	600	$900	$1.50	23d	1	0.28mi
1521 Moravia Ave Daytona Beach, FL	2.0	2.0	700	$2,000	$2.86	18d	1	0.57mi
1355 Hiawatha Ave Daytona Beach, FL	2.0	1.0	780	$1,675	$2.15	14d	1	0.63mi
946 15th St Daytona Beach, FL	2.0	2.0	1010	$1,500	$1.49	23d	1	0.92mi
1563 Hancock Ln Daytona Beach, FL	2.0	2.0	912	$1,475	$1.62	11d	1	0.92mi
3009 N Halifax Ave #1 Daytona Beach, FL	2.0	1.5	816	$1,650	$2.02	23d	1	0.94mi
3009 N Halifax Ave #2 Daytona Beach, FL	1.0	1.0	612	$1,250	$2.04	23d	1	0.94mi
2711 N Halifax Ave Daytona Beach, FL	1.0–2.0	1.0	785	$1,675	$2.13	14d	3	0.97mi
2711 N Halifax Ave Daytona Beach, FL	1.0–2.0	1.0	785	$1,675	$2.13	23d	2	0.97mi
410 Sauls St Ormond Beach, FL	3.0	1.0	990	$1,500	$1.52	23d	1	1.00mi
638 LPGA Blvd Unit B Daytona Beach, FL	3.0	2.0	1111	$2,490	$2.24	23d	1	1.11mi
1707 Evergreen St Ormond Beach, FL	2.0	1.0	868	$1,750	$2.02	23d	1	1.13mi
1559 Hammock Dr Unit B Holly Hill, FL	2.0	1.5	1100	$1,375	$1.25	14d	1	1.17mi
900 LPGA Blvd Daytona Beach, FL	1.0–2.0	1.0–2.0	885	$1,495	$1.69	14d	14	1.20mi
2609 N Oleander Ave Unit 17 Daytona Beach, FL	2.0	1.5	950	$1,180	$1.24	14d	1	1.26mi
2417 N Oleander Ave Unit 5 Daytona Beach, FL	2.0	1.0	850	$1,450	$1.71	23d	1	1.28mi
921 Daytona Ave Unit A Daytona Beach, FL	2.0	1.0	1100	$1,775	$1.61	23d	1	1.32mi
400 Auburn Dr #3 Daytona Beach, FL	2.0	1.0	945	$1,350	$1.43	23d	1	1.34mi
851 State Ave Daytona Beach, FL	2.0	1.0	682	$1,495	$2.19	23d	1	1.35mi
501 Plaza Blvd Unit A Daytona Beach, FL	2.0	1.0	800	$1,500	$1.88	23d	1	1.40mi
2727 N Atlantic Ave Apt 503 Daytona Beach, FL	1.0	1.0	600	$1,400	$2.33	23d	1	1.41mi
820 State Ave Unit 2 Daytona Beach, FL	2.0	1.0	690	$1,250	$1.81	23d	1	1.43mi
820 State Ave Apt 1 Daytona Beach, FL	2.0	2.0	841	$1,470	$1.75	23d	1	1.43mi
820 State Ave Unit 3 Daytona Beach, FL	2.0	1.0	841	$1,370	$1.63	23d	1	1.44mi
432 Auburn Dr #204 Daytona Beach, FL	2.0	1.0	992	$1,350	$1.36	23d	1	1.47mi
16 Oriole Cir Unit A Ormond Beach, FL	2.0	1.0	675	$1,500	$2.22	23d	1	1.47mi
840 Center Ave Apt 75 Holly Hill, FL	2.0	1.0	900	$1,250	$1.39	23d	1	1.48mi

HOA detail

• Monthly dues: $190 · $2,280/yr
• Likely covers: water

Listing history 13 events

1. 2026-06-18
   days on market $138,000 Active 17 DOM
2. 2026-06-17
   days on market $138,000 Active 16 DOM
3. 2026-06-16
   days on market $138,000 Active 15 DOM
4. 2026-06-15
   days on market $138,000 Active 14 DOM
5. 2026-06-14
   days on market $138,000 Active 12 DOM
6. 2026-06-10
   days on market $138,000 Active 9 DOM
7. 2026-06-09
   days on market $138,000 Active 8 DOM
8. 2026-06-08
   days on market $138,000 Active 7 DOM
9. 2026-06-07
   days on market $138,000 Active 6 DOM
10. 2026-06-05
    days on market $138,000 Active 3 DOM
11. 2026-06-03
    days on market $138,000 Active 2 DOM
12. 2026-06-01
    remarks 699-char remark
13. 2026-06-01
    listed $138,000 Active 1 DOM

ⓘ 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: $412 · $34/mo
• Projected year-2 tax: $1,145 · $95/mo
• Expected delta: +$733/yr (+$61/mo · 177.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 57% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,212
• − Mortgage interest: −$7,730
• − Property taxes: −$412
• − Insurance: −$690
• − Repairs & maintenance: −$1,457
• − Management: −$1,457
• − HOA: −$2,280
• − Depreciation: −$4,015
• Taxable income: $171
• Est. tax owed @ 24.0%: −$41
• After-tax cash flow: $2,280/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 — Holly Hill

• Score: 72/100
• State rank: #325
• US rank: #5737

Category grades

Amenities F Commute F Cost of living A+ Crime C Employment F Housing A+ Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Holly Hill, FL
• County: Volusia County · 556,871 people
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 30,955
• Household income: $56,419
• Rent vs Own: 52.3% rent · 47.7% own
• Severe rent burden: 1781.0

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: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 53% Black 27% Hispanic / Latino 10% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 2% Lithuanian 2% Slovak 1%
• Foreign-born: 8% · Canada, Vietnam, Jamaica
• Languages at home: 86% English-only · Spanish 8% Vietnamese 1% 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: ▼ -96.62%
• Current HPI: 1084.54
• Rent YoY: ▲ 1.01%
• 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

+157.9% since first listed

14 events — show timeline

• 2026-05-29 Listed $138,000 Daytona MLS
• 2025-01-02 Listing Removed — Daytona MLS
• 2024-12-09 Price Changed $187,000 Daytona MLS
• 2024-10-18 Price Changed $190,000 Daytona MLS
• 2024-07-15 Listed $199,000 Daytona MLS
• 2024-05-08 Listing Removed — Daytona MLS
• 2024-05-01 Listed $220,000 Daytona MLS
• 2007-04-16 Listing Removed — Daytona MLS
• 2007-01-08 Listing Removed — Daytona MLS
• 2007-01-08 Listed $104,900 Daytona MLS
• 2006-09-19 Listing Removed — Daytona MLS
• 2006-09-16 Listed $104,900 Daytona MLS
• 2006-09-16 Listed $104,900 Daytona MLS
• 2002-07-31 Sold (Public Records) $53,500 Public Records

Property tax history

-6.6%/yr

Latest (2025): $412 · +5.2% YoY. Source: county tax records.