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Purchase Price: $83,000 (as-is, distressed condition requiring full rehab). Repair Costs: $40,000 (complete overhaul needed). All-In Cost: $123,000 (purchase + repairs; excludes closing, holding, or other fees). Potential Rental Income: $2,490/month ($29,880/year), cited as (Housing Choice Voucher) from Daytona Beach. 2025 Annual Expenses: Property Taxes: $1,092/year., Lawn Care: $600/year., Insurance: $1,800 (you listed this as "/month," but that would be $21,600/year Total Annual Holding Costs: $3,492/year (taxes + lawn + insurance). Cash or hard money only (flip contract, no conventional financing). Encroachment issue from neighboring property (buyer must accept; attorney is resolving). 5-day inspection period after contract with proof of funds. Optional management via One Key Management: 5% monthly fee for tenant placement + 1 month's rent upfront (not mandatory). Cap Rate Calculation in Description: $140,000 / $3,492 = listed as 21%. As-is offer: $93.81/sq ft (low for a fixer-upper) Foundation is solid, new roof needed Call Bruzz Roofing about $7500. No AC. No Appliances. No flooring. You must fix it all Annual Net Operating Income (NOI): Base: Rental $29,880 - Expenses $3,492 = $26,388. Adjusted: Rental $29,880 - Taxes $1,092 - Lawn $600 - Insurance $3,000 - Management (optional 5%) $1,494 = $23,694 (excludes upfront placement fee Cap Rate (NOI / All-In Cost; measures return on investment for hold): Base: $26,388 / $140,000 = 18.8% Fix-and-Flip Profit Potential: All-In Cost: $140,000 + Holding Costs (~$5,000 for 3-6 months utilities/insurance/taxes) + ˜ $145,000 total. Potential Profit: $200k sale - $145k costs = $55,000 (26% ROI); or $200k sale - $145k = $101,000 (65% ROI). Rule of Thumb: Aim for 70% of ARV minus repairs ($209k * 0.7 = $146,300 - $40k = $106,300 max buy price). At $100k, this passes. Break-Even Analysis: With adjusted NOI $23,694, the property covers costs at ~80% occupancy. Cash flow: ~$1,974/month pre-tax (strong for hold). No sellers disclosures available as neither party has lived in the home.
| DAYS ON MARKET | 75 | LAST UPDATED | 11/26/2025 |
|---|---|---|---|
| TRACT | CONRAD & BULLARD LT 04 & 05 BLK 27 DAYTONA | YEAR BUILT | 1929 |
| COMMUNITY | 32114 - Daytona Beach | COUNTY | Volusia |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to Nov 26, '25 | $100,000 |
|---|---|
| Nov 26, '25 - Today | $83,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air, None |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | None |
| AREA | 32114 - Daytona Beach |
| CONSTRUCTION | Frame |
| HEAT | Central, Electric |
| INTERIOR | Cathedral Ceiling(s) |
| LOT | 4792 sq ft |
| LOT DIMENSIONS | 8x56 |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | CONRAD & BULLARD LT 04 & 05 BLK 27 DAYTONA |
| TAXES | 1091.54 |
| UTILITIES | Cable Available, Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Michael Aversano, ONE KEY REALTY, 305-525-8947
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/5/25 3:57 PM PST.
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