Two-Bedroom Residential Income
New
For Sale
$235,000
928 NEW BEDFORD DRIVE, Deland, FL 32724
The villa has two full bathrooms and a layout suited to residential use.
Property Size1,434 SF
Price / SF$163.88
Days on Market5
Property Features for 928 NEW BEDFORD DRIVE
General Information
Standard status
Active
Size
1,434 SF
Property subtype
Half Duplex
Additional Details
Multifamily Units
1
Building Details
Year Built
1980
Listing Agency:
SIGNATURE INTERNATIONAL REAL E
(561) 404-7263
Listed By:
Lorena Moscoso · License #3326243
(954) 435-6118
Source:
Dennisrealty
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SIGNATURE INTERNATIONAL REAL E
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Investment Insights
Based on property information with market context.
This DeLand villa offers two bedrooms and two bathrooms within 1,434 square feet. Built in 1980, the residence is presented as a residential income property. Its configuration provides a straightforward residential layout.
Key Highlights
- Two bedrooms and two bathrooms
- 1,434 square feet
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,927
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,540
$218.5K
Cap Rate 7%
$156,100
$156.1K
Cap Rate 9%
$121,411
$121.4K
Market Conditions
NOI Build-Up for 1,434 SF
Gross rent
$22.2K $15.48/SF
− Vacancy
−$2.3K −$1.63/SF
EGI
$19.9K $13.85/SF
− OpEx
−$8.9K −$6.23/SF
NOI
$10.9K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,540
Cap Rate 7%
$156,100
Cap Rate 9%
$121,411
Alternative Uses
Best Use
Apartment 5plus
$156.1K
$136.6K – $182.1K
NOI $10,927 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$422.8K
$370.0K – $493.3K
NOI $29,598 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 32724, FL
40,559
Population
18,555
Households
2.2
Avg Household Size
45
Median Age
31%
College-Educated
92%
High-School Grad
83.8 sq mi
ZIP Area
484
Density / Sq Mi
$72,729
Median Household Income
$41,204
Median Earnings
$1,184
Median Rent
$283,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The villa has two full bathrooms and a layout suited to residential use.
Where is this residential income property located?
The property is located at 928 NEW BEDFORD DRIVE Deland, FL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; 1,434 square feet; Built in 1980
