Daytona Beach is commonly known as "the spot" for spring breakers. What many people don't realize is that it is a good place for real estate investors as well. Located on the eastern coast of Florida, Daytona Beach has recently become a profitable market, as the average home price is approximately $212,000, and has grown over 25% since last year. This growth is expected to continue for at least the next 12 months.
One of the things that sets Daytona Beach apart from cities typically popular for real estate investing is the fact that it does not have the statistics for hurricane hits as many other cities, such as Miami and Key West. This is a tremendous benefit. If a rental property happens to get hit by a hurricane, the cost of repairing the property could greatly offset any profits that would have been made during that time. If a property is badly damaged, it will most likely need to be completely rebuilt, which is a huge expense, especially when you consider what the cost of labor will skyrocket to, since there will be ocnsiderable demand. For this reason, Daytona Beach is perfect for investors.
Daytona Beach is a prime market for investors that would also like to invest in beachfront property, since there is an opportunity to make a sizeable amount of money. All year long, because of the sunny weather, people from all over the country visit Daytona Beach to visit family, to take a vacation, or both. Beachfront property rents anywhere from $500 to $5000 per week. If your property was rented out everyday of the week for a full year, this would yield between $26,000 and $260,000 per year, depending on the rent that is charged. Investors that have a fair amount of money to spend should consider beachfront property in Daytona Beach, since its an investment property that can be rented out 12 months out of the year.
The population of Daytona Beach has been steadily increasing over the fast few years as well. Because of this, there is an increased demand for homes. However, it's important to keep in mind that the sales cycle, at thirty to sixty days, is a little longer than other Florida cities. In order for investors to avoid being affected by this lag time in turnaround, it is important that properties are priced comparable to that of properties that have recently sold in the area. If the house is on the market too long, due to the price being inflated, people will lose interest in it rather quickly, thinking that there is something wrong with it.
All in all, people interested in the real estate market at Daytona Beach stand to gain a sizeable profit if they are in the right place at the right time. Research and patience will prove to be your greatest virtue.
- Related Videos
- Related Articles
- Ask / Related Q&A
- Expenses While Investing In Real Estate
- Investing in Real Estate With Government Grants
- Real Estate Investors and What to Expect
- Best Way to Fail as a Real Estate Investor
- Important Things to Know Before Investing in Real Estate in Gurgaon
- Investing in real estate - their ways and benefits
- Real Estate Investing for Beginners - Part 2, Types of Properties for New Real Estate Investors
- Real Estate Investment - Top Secrets Real Estate Investors Use To Turbocharge Their Businesses




Keep your memory, Keep your sweet flower
By: Writing is happiness | 09/11/2009Do you remember the moment when you receive flower from someone? Someone who is a special one in your life, your boy friend, your husband, your best friends or your family. Do you remember the feeling when he sends the flower to you and something you see in his eyes, the feeling when you touch flower, the gentle petal flowers, sweet smell and the happiness around you? That is a impression moment you can’t throw away and you want to keep it forever.
In the Quran: your sight on the Day of Judgment will be very sharp
By: Prof.dr. Ibrahim Khalil | 07/11/2009The Quran says that your sight on the Day of Judgment is acute, it is very sharp and piercing and is able to perceive what you used to reject in the life of this world.
In the Quran: They and their wives are on thrones reclining
By: Prof.dr. Ibrahim Khalil | 01/11/2009The Noble Quran says that the inhabitants of Paradise, they and their wives are on thrones reclining; reclining upon couches
Way Back To My Land
By: Jagmohan Kathait | 28/10/2009Article about need of connectivity in rural areas.
Story
By: Shanaz | 26/10/2009This is a story I wrote
MONDAY MORNING BLITZ
By: patrick ozah | 25/10/2009This article or story is based on my experience on a certain monday morning.
In Bible versus Quran: When the Earth was divided?
By: Prof.dr. Ibrahim Khalil | 23/10/2009The Bible says that: And unto Eber were born two sons: The name of the one was Peleg. For in his days was the earth divided. Eber and Peleg are not present therein in the Noble Quran.
Expeiences
By: brian | 22/10/2009People have experiences, even when they aren't aware of them.
Tapping into the Reverse Mortgage Cash Cow
By: Tabitha Naylor | 03/12/2006 | FinanceWith the social security crisis, and the cost of living on the rise, older Americans are having a tough time making ends meet. The reverse mortgage is quickly becoming a popular idea to assist homeowners over the age of 62 in meeting their monthy expenditures. This article covers how.
Introduction to Government Auctions for Home Purchases
By: Tabitha Naylor | 30/11/2006 | Non-FictionFor savvy real estate investors, and potential homeowners looking for a steal, alternatives to the traditional realtor approach are becoming quite popular. This article covers a unique alternative, and one that little know about: government auctions
Alternative Methods of Real Estate Financing for Investors
By: Tabitha Naylor | 11/11/2006 | Non-FictionThis article briefly covers alternative financing options for beginning and experienced real estate investors.
Using your 401k for Real Estate Investing
By: Tabitha Naylor | 11/11/2006 | Non-FictionSavvy real estate investors refuse to tie up their own money in an investment. For some, they have found their 401ks to be a good source of funds for their investments. This article covers some of the more popular methods used.
Starting to Invest in Real Estate
By: Tabitha Naylor | 11/11/2006 | Non-FictionStarting to invest in real estate can be a rather daunting task. This article covers the main fears first time investors have, and how to overcome them.
Debt Consolidation as a Means for Credit Repair
By: Tabitha Naylor | 30/10/2006 | Non-FictionAs consumer spending in the United States increases, consumer credit scores are decreasing. This article covers the main reasons why debt consolidation is a simple method of repairing credit scores quickly and effectively.
Real Estate Investing at Daytona Beach
By: Tabitha Naylor | 23/10/2006 | Non-FictionThis article covers three main reasons why real estate investing in Daytona Beach is a wise decision in comparison to many other cities in Florida.
Understanding the Landlord Tenant Act
By: Tabitha Naylor | 22/10/2006 | Non-FictionIf you rent property, whether its commercial or residential, you should be familiar with the Landlord Tenant Act. It's important to know your rights. This article offers a brief explanation.