547 Division Street Daytona Beach, FL 32114
For Sale MLS# O6346787
3 beds 2 baths 1,066 sq ft Single Family
Details for 547 Division Street
MLS# O6346787
Description for 547 Division Street, Daytona Beach, FL, 32114
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.
Listing Information
Property Type: Residential, Single Family Residence
Status: Active
Bedrooms: 3
Bathrooms: 2
Lot Size: 0.11 Acres
Square Feet: 1,066 sq ft
Year Built: 1929
Stories: 1 Story
Construction: Wood Frame
Construction Display: New Construction
Subdivision: Conrad & Bullard Lt 04 & 05 Blk 27 Daytona
Foundation: Slab
County: Volusia
Construction Status: Fixer
Room Information
Main Floor
Living Room:
Kitchen:
Bedroom 3:
Bathroom 2:
Bedroom 2:
Primary Bedroom:
Family Room:
Primary Bathroom:
Bathrooms
Full Baths: 2
Additonal Room Information
Laundry: Inside
Interior Features
Flooring: Other
Additional Interior Features: Cathedral Ceiling(s), Main Level Primary
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Available,Electricity Connected,Sewer Connected,Water Connected
Cooling: None, Central Air
Heating: Central, Electric
Exterior / Lot Features
Roof: Other
Lot View: City
Lot Dimensions: 8x56
Community Features
Community Features: Sidewalks
Driving Directions
From internaitonal drive head towards martin luther king blvd, turn right, or south, turn left onto cedar st, then turn left onto division st and the home is on your right, second house in from corner
Financial Considerations
Terms: Cash
Tax/Property ID: 533946050181
Tax Amount: 1091.54
Tax Year: 2024
A broker reciprocity listing courtesy: ONE KEY REALTY
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Sales History & Tax Summary for 547 Division Street
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 547 Division Street
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
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