1004 Champion Rdg Dr · Daytona Beach, FL 32124

$339,990

3 bd · 2.0 ba · 1,672 sqft · SingleFamily · 8 Days on market

Built 2025 Excellent condition 6,504 sqft lot $157/mo HOA · 6% of rent

---

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 +7.9/30.0
• ARV discount +7.5/15.0
• Condition / age +5.0/5.0
• Livability +4.2/5.0
• Appreciation +4.0/10.0
• Rent growth +3.9/5.0
• Schools +3.9/10.0
• 1% rule +3.0/10.0
• DSCR +2.0/10.0

Listing remarks

Virtually Staged. Ironwood presents the Aria. This all concrete block constructed, one-story layout optimizes living space with an open concept kitchen overlooking the living area, dining room, and covered lanai. Entertaining is a breeze, as this popular single-family home features a spacious kitchen, a dining area towards the front of the home and a spacious pantry for extra storage. This community has upgraded stainless steel appliances, making cooking a piece of cake. Bedroom one, located at the back of the home for privacy, has an en suite bathroom that features a double vanity sink with a walk-in shower. Two additional bedrooms share a second bathroom. This home also features a nice la

Key facts

• En suite bathroom
• Open concept kitchen
• Spacious pantry

Tags

• OPEN CONCEPT KITCHEN
• COVERED LANAI
• SPACIOUS PANTRY
• EN SUITE BATHROOM
• DOUBLE VANITY SINK
• WALK-IN SHOWER

Property features AI

Finance

• Financial info: List price $354,990

Exterior

• Parking: 2 total parking spaces; 2-car garage
• Home design: Single-family property — Aria plan; Spec inventory (new construction)
• Exterior features: Located at 1004 Champion Ridge Dr, Daytona Beach, FL 32124

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Open living area of approximately 1,672; Spec-built Aria plan

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $340k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-360 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $288k (15.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $272k (20.1% below list).
• Recommended offer: $272k (20.1% below list) — sets the bar for 1% rule.

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 rising fast (+5.5%/yr); 333 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• This rent runs 35% of the median local income ($93k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-2.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $271,748 (20.1% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.80% ✗
• Cap rate: 5.02%
• Cash-on-cash: -4.54%
• DSCR: 0.80
• GRM: 10.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-1.99% appreciation · 5.46% rent growth · sell at horizon

5-year hold

• IRR: -14.8%
• Equity multiple: 0.41×
• Total profit: $-56,402
• Equity at exit: $66,201

10-year hold

• IRR: -4.4%
• Equity multiple: 0.63×
• Total profit: $-35,315
• Equity at exit: $56,737

Cash invested: $95,197 (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 32124

• Home prices YoY: -0.6%
• Rents YoY: 5.5%
• Active inventory: 333
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,717 high
• Mortgage (P&I): −$1,783
• Tax est. 1.5%: −$425 /mo · $5,100/yr
• Insurance: −$142
• HOA: −$157
• Vacancy / Maint / Mgmt: −$571
• Net cashflow: $-360

Break-even live

Break-even rent $3,173

Max offer price $287,928

Occupancy floor —

Sensitivity live

Price	-10% $-125	-5% $-242	+0% $-360	+5% $-477	+10% $-595
Rent	-10% $-574	-5% $-467	+0% $-360	+5% $-252	+10% $-145
Rate	-1.0pp $-189	-0.5pp $-273	base $-360	+0.5pp $-448	+1.0pp $-538

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: $84,998
• Closing costs: $10,200
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
604 Champion Ridge Dr Daytona Beach, FL	3.0	2.0	1761	$2,299	$1.31	14d	1	0.69mi
207 Wentworth Grande Dr Daytona Beach, FL	2.0	2.5	1288	$2,100	$1.63	24d	1	0.86mi
132 Lost Ball Dr Daytona Beach, FL	3.0	2.0	1484	$2,300	$1.55	24d	1	0.87mi
136 Links Terrace Blvd Daytona Beach, FL	3.0	2.0	1483	$2,500	$1.69	19d	1	0.87mi
137 Lost Ball Dr Daytona Beach, FL	4.0	2.5	2168	$2,950	$1.36	11d	1	0.88mi
284 Links Terrace Blvd Daytona Beach, FL	4.0	2.5	2200	$2,850	$1.30	24d	1	1.00mi
1139 Belle Isle Ln Daytona Beach, FL	3.0	2.0	1429	$2,195	$1.54	14d	1	1.18mi
2220 Green Valley St Daytona Beach, FL	3.0	2.0	1540	$2,300	$1.49	24d	1	1.22mi
1122 Cabot Cliffs Dr Daytona Beach, FL	3.0	2.0	1432	$3,200	$2.23	14d	1	1.28mi
5135 Magnolia Palm Dr Daytona Beach, FL	3.0	2.0	1487	$2,250	$1.51	11d	1	1.34mi
1142 Pacific Dunes Ct Daytona Beach, FL	4.0	3.0	2010	$2,599	$1.29	24d	1	1.36mi
1100 Sand Trap Ct Daytona Beach, FL	4.0	2.0	1935	$2,600	$1.34	24d	1	1.37mi
1153 Sand Trap Ct Daytona Beach, FL	4.0	2.0	1936	$2,395	$1.24	21d	1	1.42mi
100 Powell Blvd Daytona Beach, FL	1.0–2.0	1.0–2.0	919	$1,775	$1.93	21d	1	1.46mi

HOA detail

• Monthly dues: $157 · $1,884/yr

Listing history 16 events

1. 2026-06-18
   days on market $339,990 Active 8 DOM
2. 2026-06-17
   days on market $339,990 Active 7 DOM
3. 2026-06-16
   days on market $339,990 Active 6 DOM
4. 2026-06-15
   days on market $339,990 Active 5 DOM
5. 2026-06-14
   remarks 699-char remark
6. 2026-06-14
   days on marketlisting id $339,990 Active 3 DOM
7. 2026-06-10
   days on market $339,990 Active 19 DOM
8. 2026-06-09
   days on market $339,990 Active 18 DOM
9. 2026-06-08
   days on market $339,990 Active 17 DOM
10. 2026-06-07
    days on market $339,990 Active 16 DOM
11. 2026-06-05
    pricedays on market $339,990 Active 13 DOM
12. 2026-06-03
    days on market $349,990 Active 12 DOM
13. 2026-06-03
    days on market $349,990 Active 11 DOM
14. 2026-06-01
    days on market $349,990 Active 10 DOM
15. 2026-05-31
    days on market $349,990 Active 9 DOM
16. 2026-05-31
    days on market $349,990 Active 8 DOM

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

Taxation est. · year 1

• Rental income: $32,610
• − Mortgage interest: −$19,045
• − Property taxes: −$5,100
• − Insurance: −$1,700
• − Repairs & maintenance: −$2,609
• − Management: −$2,609
• − HOA: −$1,884
• − Depreciation: −$9,891
• Taxable loss: −$10,227
• Est. tax savings @ 24.0%: +$2,454
• After-tax cash flow: $-1,863/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 · 10 photos

Excellent 100/100 None rehab

This home is in excellent condition with modern finishes and a well-maintained exterior. It is move-in ready and would benefit from minor aesthetic upgrades to further enhance its value.

Value-add opportunities

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Both Add smart home features — Improves convenience and adds modern appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both Add smart home features — Improves convenience and adds modern appeal ↑

ⓘ 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): 11,409
• Household income: $92,616
• Rent vs Own: 5.8% rent · 94.2% own
• Severe rent burden: 54.0

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 (71%)
• Race & ethnicity: White 71% Black 20% Hispanic / Latino 5% Asian 2% Two or more races 1%
• Common ancestry: Romanian 3% Italian 2% Portuguese 1%
• Foreign-born: 10% · Canada, Mexico, South Korea
• Languages at home: 91% English-only · Spanish 4% Other Asian/Pacific 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: ▼ -1.99%
• Current HPI: 311.7456
• Rent YoY: ▲ 5.46%
• 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