547 Division Street, Daytona Beach, FL 32114
Local realty services provided by:CENTURY 21 North East
Listed by: michael aversano
Office: one key realty
MLS#:O6346787
Source:MFRMLS
Price summary
- Price:$83,000
- Price per sq. ft.:$75.39
About this home
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.
Contact an agent
Home facts
- Year built:1929
- Listing ID #:O6346787
- Added:522 day(s) ago
- Updated:December 31, 2025 at 12:48 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,066 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
Structure and exterior
- Year built:1929
- Building area:1,066 sq. ft.
- Lot area:0.11 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$83,000
- Price per sq. ft.:$75.39
- Tax amount:$1,092 (2024)
New listings near 547 Division Street
- New
$190,000Active3 beds 1 baths1,240 sq. ft.744 Essex Road, Daytona Beach, FL 32114
MLS# 1221189Listed by: DAYTONA BEACH REALTY CORP - New
$198,800Active1 beds 1 baths385 sq. ft.3501 S Atlantic Avenue #401, Daytona Beach, FL 32118
MLS# 1221198Listed by: WATSON REALTY CORP. - New
$344,400Active2 beds 2 baths750 sq. ft.3501 S Atlantic Avenue #706-707, Daytona Beach, FL 32118
MLS# 1221197Listed by: WATSON REALTY CORP. - New
$699,000Active3 beds 3 baths1,810 sq. ft.3855 S Atlantic Avenue #1004, DAYTONA BEACH, FL 32118
MLS# NS1086896Listed by: PONCE INLET REALTY, INC - New
$734,500Active3 beds 3 baths2,250 sq. ft.2403 S Atlantic Avenue #1002, Daytona Beach, FL 32118
MLS# 1221185Listed by: COASTAL PARTNERS REAL ESTATE - New
$352,490Active4 beds 3 baths1,880 sq. ft.2247 Green Valley Street, Daytona Beach, FL 32124
MLS# 1221178Listed by: LENNAR REALTY, INC. - New
$353,490Active5 beds 3 baths2,112 sq. ft.2231 Green Valley Street, Daytona Beach, FL 32124
MLS# 1221182Listed by: LENNAR REALTY, INC. - New
$327,990Active4 beds 2 baths1,824 sq. ft.5118 Magnolia Palm Drive, Daytona Beach, FL 32124
MLS# 1221183Listed by: LENNAR REALTY, INC. - New
$230,000Active3 beds 2 baths1,344 sq. ft.5 General Doolittle Road, DAYTONA BEACH, FL 32124
MLS# FC314935Listed by: REALTY PROS ASSURED - New
$160,000Active1 beds 1 baths530 sq. ft.800 N Atlantic Avenue #420, DAYTONA BEACH, FL 32118
MLS# S5140853Listed by: BANERSY REAL ESTATE, LLC