502 Eldron Ave · Deltona, FL 33738

$249,000

3 bd · 2.0 ba · 1,368 sqft · SingleFamily public records · 373 Days on market

Built 2009 0.25 ac 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 +10.0/30.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• DSCR +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0

Listing remarks MLS

The best-located house in Florida, 1 hour from Orlando's parks, 1 hour from Daitona beaches, and 1 hour from the Kennedy Space Center . Nicely house 3/2/2 1500fts lot 10.000 We delivered the house with a new roof, even though it doesn't have any leaks, when the sales contract is signed the roof will be changed, it will take 5 days. on a huge oversized lot backing up to a nice sized lake (no rear neighbors ever!) only minutes to I-4, the Orlando Metro Area, and the beaches. This one has a brand n, and the A year old???it has also been freshly painted inside and out, a tiled eat in kitchen with oak cabinets and new floor covering through the rest of the house. Contemporary open & split bedroom floorplan with an inside laundry room and patio out back looking over the private yard. This one is in move in condition and ready for immediat

Key facts

• Backs up to lake
• Oak cabinets
• Freshly painted

Tags

• OVERSIZED LOT
• BACKS UP TO LAKE
• FRESHLY PAINTED
• TILED EAT IN KITCHEN
• OAK CABINETS
• NEW FLOOR COVERING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $249k.

Deal economics

• At list price, monthly cash flow is $-151 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $222k (10.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (26.3% below list).
• Recommended offer: $184k (26.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 71/100 on livability (#381 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: 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.
• Zoned schools: Osteen Elementary School (math 54% / reading 56%, grade C, #872 of 2,144 statewide, top 42%, 469 students, 60% FRL); Heritage Middle School (math 38% / reading 41%, grade F, #373 of 571 statewide, top 66%, 993 students, 61% FRL); Pine Ridge High School (math 19% / reading 38%, grade F, #458 of 667 statewide, top 69%, 1,636 students, 54% FRL).
• Market conditions: 1 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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

• In year one you build about $9k of equity ($2k loan paydown + $7k appreciation (3.0% local appreciation)).
• Volusia County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 4, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 373 days — a 12% lower offer ($219k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 7y ago; this cycle's ask has dropped $20k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $177k; 41% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $183,526 (26.3% 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 373 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.74% ✗
• Cap rate: 5.56%
• Cash-on-cash: -2.60%
• DSCR: 0.88
• GRM: 11.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 5.1%
• Equity multiple: 1.29×
• Total profit: $20,315
• Equity at exit: $111,961

10-year hold

• IRR: 8.1%
• Equity multiple: 2.23×
• Total profit: $85,799
• Equity at exit: $172,546

Cash invested: $69,720 (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 33738

• Active inventory: 1
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,835 medium
• Mortgage (P&I): −$1,306
• Tax from tax record: −$192 /mo · $2,299/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $-151

Break-even live

Break-even rent $2,027

Max offer price $222,278

Occupancy floor —

Sensitivity live

Price	-10% $-10	-5% $-81	+0% $-151	+5% $-222	+10% $-292
Rent	-10% $-296	-5% $-224	+0% $-151	+5% $-79	+10% $-6
Rate	-1.0pp $-26	-0.5pp $-88	base $-151	+0.5pp $-216	+1.0pp $-281

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: $62,250
• Closing costs: $7,470
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
495 Fort Smith Blvd Deltona, FL	3.0	2.0	1134	$1,800	$1.59	25d	1	0.41mi
695 Sagamore Dr Deltona, FL	3.0	2.0	1422	$1,900	$1.34	16d	1	0.49mi
1051 Shepherd Ave Deltona, FL	3.0	2.0	1316	$1,761	$1.34	13d	1	1.25mi

Listing history 37 events

1. 2026-06-10
   days on market $249,000 Active 373 DOM
2. 2026-06-09
   days on market $249,000 Active 372 DOM
3. 2026-06-08
   days on market $249,000 Active 371 DOM
4. 2026-06-07
   days on market $249,000 Active 370 DOM
5. 2026-06-05
   days on market $249,000 Active 367 DOM
6. 2026-06-03
   days on market $249,000 Active 366 DOM
7. 2026-06-03
   days on market $249,000 Active 365 DOM
8. 2026-06-01
   days on market $249,000 Active 364 DOM
9. 2026-05-31
   days on market $249,000 Active 363 DOM
10. 2026-05-31
    days on market $249,000 Active 362 DOM
11. 2026-03-04
    price $269,000 850-char remark

    Show marketing remark (850 chars)

    The best-located house in Florida, 1 hour from Orlando's parks, 1 hour from Daitona beaches, and 1 hour from the Kennedy Space Center . Nicely house 3/2/2 1500fts lot 10.000 We delivered the house with a new roof, even though it doesn't have any leaks, when the sales contract is signed the roof will be changed, it will take 5 days. on a huge oversized lot backing up to a nice sized lake (no rear neighbors ever!) only minutes to I-4, the Orlando Metro Area, and the beaches. This one has a brand n, and the A year old???it has also been freshly painted inside and out, a tiled eat in kitchen with oak cabinets and new floor covering through the rest of the house. Contemporary open & split bedroom floorplan with an inside laundry room and patio out back looking over the private yard. This one is in move in condition and ready for immediat

12. 2025-12-07
    historical
13. 2025-11-07
    price $259,000 850-char remark

    Show marketing remark (850 chars)

    The best-located house in Florida, 1 hour from Orlando's parks, 1 hour from Daitona beaches, and 1 hour from the Kennedy Space Center . Nicely house 3/2/2 1500fts lot 10.000 We delivered the house with a new roof, even though it doesn't have any leaks, when the sales contract is signed the roof will be changed, it will take 5 days. on a huge oversized lot backing up to a nice sized lake (no rear neighbors ever!) only minutes to I-4, the Orlando Metro Area, and the beaches. This one has a brand n, and the A year old???it has also been freshly painted inside and out, a tiled eat in kitchen with oak cabinets and new floor covering through the rest of the house. Contemporary open & split bedroom floorplan with an inside laundry room and patio out back looking over the private yard. This one is in move in condition and ready for immediat

14. 2025-07-10
    listed $269,000 Active
15. 2025-06-21
    price $269,000 850-char remark

    Show marketing remark (850 chars)

    The best-located house in Florida, 1 hour from Orlando's parks, 1 hour from Daitona beaches, and 1 hour from the Kennedy Space Center . Nicely house 3/2/2 1500fts lot 10.000 We delivered the house with a new roof, even though it doesn't have any leaks, when the sales contract is signed the roof will be changed, it will take 5 days. on a huge oversized lot backing up to a nice sized lake (no rear neighbors ever!) only minutes to I-4, the Orlando Metro Area, and the beaches. This one has a brand n, and the A year old???it has also been freshly painted inside and out, a tiled eat in kitchen with oak cabinets and new floor covering through the rest of the house. Contemporary open & split bedroom floorplan with an inside laundry room and patio out back looking over the private yard. This one is in move in condition and ready for immediat

16. 2025-06-03
    price $278,000 850-char remark

    Show marketing remark (850 chars)

    The best-located house in Florida, 1 hour from Orlando's parks, 1 hour from Daitona beaches, and 1 hour from the Kennedy Space Center . Nicely house 3/2/2 1500fts lot 10.000 We delivered the house with a new roof, even though it doesn't have any leaks, when the sales contract is signed the roof will be changed, it will take 5 days. on a huge oversized lot backing up to a nice sized lake (no rear neighbors ever!) only minutes to I-4, the Orlando Metro Area, and the beaches. This one has a brand n, and the A year old???it has also been freshly painted inside and out, a tiled eat in kitchen with oak cabinets and new floor covering through the rest of the house. Contemporary open & split bedroom floorplan with an inside laundry room and patio out back looking over the private yard. This one is in move in condition and ready for immediat

17. 2025-06-02
    listed $269,000 Active 850-char remark

    Show marketing remark (850 chars)

    The best-located house in Florida, 1 hour from Orlando's parks, 1 hour from Daitona beaches, and 1 hour from the Kennedy Space Center . Nicely house 3/2/2 1500fts lot 10.000 We delivered the house with a new roof, even though it doesn't have any leaks, when the sales contract is signed the roof will be changed, it will take 5 days. on a huge oversized lot backing up to a nice sized lake (no rear neighbors ever!) only minutes to I-4, the Orlando Metro Area, and the beaches. This one has a brand n, and the A year old???it has also been freshly painted inside and out, a tiled eat in kitchen with oak cabinets and new floor covering through the rest of the house. Contemporary open & split bedroom floorplan with an inside laundry room and patio out back looking over the private yard. This one is in move in condition and ready for immediat

18. 2023-05-31
    historical
19. 2023-03-27
    price $279,900
20. 2023-02-27
    price $279,000
21. 2023-02-27
    price $279,000
22. 2023-02-27
    price $289,000
23. 2023-02-27
    listed $289,000 Active
24. 2023-02-25
    price $279,000
25. 2023-01-24
    price $285,000
26. 2022-12-18
    listed $299,000 Active
27. 2019-06-20
    soldstatus $177,000
28. 2019-06-20
    soldstatus $177,000 Closed
29. 2019-06-18
    soldstatus $177,000
30. 2019-06-14
    soldstatus $177,000 Sold
31. 2019-05-07
    price $179,900
32. 2019-05-07
    price $179,900
33. 2019-05-07
    historical Contingent
34. 2019-05-07
    status Pending
35. 2019-05-02
    listed $179,900
36. 2019-05-02
    listed $170,000 Active
37. 2019-04-30
    listed $170,000 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: $2,299 · $192/mo
• Projected year-2 tax: $2,299 · $192/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 5/10 Major
• 🌡 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: $22,023
• − Mortgage interest: −$13,948
• − Property taxes: −$2,299
• − Insurance: −$1,245
• − Repairs & maintenance: −$1,762
• − Management: −$1,762
• − Depreciation: −$7,244
• Taxable loss: −$6,236
• Est. tax savings @ 24.0%: +$1,497
• After-tax cash flow: $-319/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 — Deltona

• Score: 71/100
• State rank: #381
• US rank: #6749

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Deltona, FL

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%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• 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

+58.2% since first listed

27 events — show timeline

• 2026-03-04 Price Changed $269,000 FORTMLS
• 2025-12-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-11-07 Price Changed $259,000 FORTMLS
• 2025-07-10 Listed $269,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-21 Price Changed $269,000 FORTMLS
• 2025-06-03 Price Changed $278,000 FORTMLS
• 2025-06-02 Listed $269,000 FORTMLS
• 2023-05-31 Listing Removed — FORTMLS
• 2023-03-27 Price Changed $279,900 Stellar MLS as Distributed by MLS Grid
• 2023-02-27 Price Changed $279,000 FORTMLS
• 2023-02-27 Price Changed $279,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-27 Price Changed $289,000 FORTMLS
• 2023-02-27 Listed $289,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-25 Price Changed $279,000 FORTMLS
• 2023-01-24 Price Changed $285,000 FORTMLS
• 2022-12-18 Listed $299,000 FORTMLS
• 2019-06-20 Sold (MLS) $177,000 NSBMLS
• 2019-06-20 Sold (MLS) $177,000 Stellar MLS as Distributed by MLS Grid
• 2019-06-18 Sold (Public Records) $177,000 Public Records
• 2019-06-14 Sold (MLS) $177,000 Stellar MLS as Distributed by MLS Grid
• 2019-05-07 Price Changed $179,900 NSBMLS
• 2019-05-07 Price Changed $179,900 Stellar MLS as Distributed by MLS Grid
• 2019-05-07 Contingent — NSBMLS
• 2019-05-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-05-02 Listed $170,000 NSBMLS
• 2019-05-02 Listed $179,900 Stellar MLS as Distributed by MLS Grid
• 2019-04-30 Listed $170,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+1.3%/yr

Latest (2025): $2,299 · +4.4% YoY. Source: county tax records.