$100,000 for Sale
547 division street , daytona beach, FL 32114
| Beds 3 | Baths 2 | 1,066 Sqft | 0.11 Acres |
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Property Description
Purchase Price: $100,000 (as-is, distressed condition requiring full rehab). Repair Costs: $40,000 (complete overhaul needed). All-In Cost: $140,000 (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. 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) 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.
General Information
Sale Price: $100,000
Price/SqFt: $94
Status: Active
MLS#: O6346787
City: daytona beach
Post Office: daytona beach
County: Volusia
Subdivision: conrad & bullard lt 04 & 05 blk 27 daytona
Acres: 0.11
Lot Dimensions: 8 x 56
Bedrooms:3
Bathrooms:2 (2 full, 0 half)
House Size: 1,066 sq.ft.
Acreage: 0.11 est.
Year Built: 1929
Property Type: Single Family Residence
Style:
Features & Room Sizes
Paved Road: Other
Garage: No
Construction: Wood Frame
Exterior Misc: Sidewalk
Basement: No
Foundation : Slab
Appliances: None
Cooling: Central Air, None
Heating: Central, Electric
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $1,092
Legal Description: S 25 FT OF LOT 18 & INC N 15 FT OF LOT 10 & N 23 FT OF LOT 11 BLK 5 SUB LOTS 4 & 5 BLK 27 DAYTONA MB 15 PG 133 PER OR 4922 PGS 2225-2226 PER OR 5549 PG 4421 PER OR 5609 PG 4051 PER OR 7777 PG 4793 PER OR 8265 PGS 0341-0402 INC PER OR 8308 PG 0229 PER OR 8
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Michael Aversano of ONE KEY REALTY, Phone: 305-525-8947
