Any investors in the DeLand market?

[Kameeka Shirle]

Does anyone invest in the Deland market? How is the potential growth/market there?

[Nat C.]

I have a business and properties in Daytona Beach. The ROI is definitely higher than other cities because the purchase price is quite low and rents are moderate. So if you are investing for cashflow, I think it's a good choice but as for appreciation, there are better markets.

I'm sure you have heard that you should aim to invest in cities with a population above 1 million......well Daytona is far below that with a current population of around 70k. So it's a relatively small city with a population growth of around 1% annually. There are no large companies flocking to Volusia to open their headquarters, hence the demand for more housing will not be great.

The investment price is low unless you are buying around Ormond Beach. I've seen nice houses that need some elbow grease sell for 150k on the beach. Where else in Florida can you still find that?

So it's a low entry price and a safe investment with good cash flow but your 150k property won't be worth 1M in 10 years.