216 Ocean Ter · Ormond Beach, FL 32176

$200,000

2 bd · 1.5 ba · 1,412 sqft · SingleFamily public records · 6 Days on market

Built 1961 10,875 sqft lot

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.6/30.0
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

INVESTOR ALERT!!! Welcome to your beach getaway! This charming 2-bedroom, 1.5-bath block home offers the perfect blend of comfort and coastal living in just 4 houses from the ocean. This home is packed with modern upgrades including 2025 PV SOLAR PANEL SYSTEM with A 10 KW battery backup SYSTEM that will be paid off at closing (OVER A $40k ADD ON) --bringing your energy efficiency and peace of mind, 2026 HOT WATER HEATER, 2024 HVAC system and enjoy NEWER impact windows in the front of the house that provide added protection and enhance your comfort year-round. Imagine relaxing in your huge backyard with plenty of room to add a sparkling pool--perfect for those sunny Florida days. Host unforgettable gatherings on the inviting terrace, designed for fun and relaxation with friends and family. Located just 4 houses from the ocean, you can easily stroll to Ormond Beach and soak in breathtaking sunsets every evening. The circular driveway adds convenience and curb appeal, while this 145 ft deep lot that gives you endless possibilities to create your personal paradise. Close to everything you need--shopping, dining, and entertainment--this home is your gateway to the ultimate beach lifestyle. Add your personal touches to this home and make it yours! Don't miss out on this incredible opportunity to live near the sand and surf!

Key facts

• Newer impact windows
• Modern upgrades
• Hot water heater

Tags

• MODERN UPGRADES
• PV SOLAR PANEL SYSTEM
• BATTERY BACKUP SYSTEM
• HOT WATER HEATER
• HVAC SYSTEM
• NEWER IMPACT WINDOWS

Property features AI

Finance

• Other: Lot size approximately 0.25 acres (1/4 to less than 1/2 acre)
• Financial info: No lease restrictions; Homestead status indicated
• HOA & community: No HOA association indicated; Development: Ocean Terrace

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Solar energy generation
• Home design: Single family residence; One level; North-facing
• Construction: Block construction; Shingle roof; Slab and other foundation
• Exterior features: Private mailbox; Sliding doors; Other exterior features

Interior

• Kitchen: Built-in oven; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Living room and dining room combo; Programmable thermostat
• Laundry & utility: Inside laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $722 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $200k).
• Cap rate 10.6% vs local median 3.9% in Ormond Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 83/100 on livability (#55 in FL, #965 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, housing A+, health & safety A+; Watch: commute F.
• Volusia (suburban): math 44% / reading 49% proficiency, ranked #47 of 73 in FL (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.2%/yr); 406 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• This rent runs 43% of the median local income ($78k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Volusia County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 5.2% rent growth), your $56k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts; this cycle's ask has dropped $125k (38%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $200,000

Questions for the listing agent

1. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.40% ✓
• Cap rate: 10.62%
• Cash-on-cash: 15.47%
• DSCR: 1.69
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.22% rent growth · sell at horizon

5-year hold

• IRR: 8.9%
• Equity multiple: 1.36×
• Total profit: $20,048
• Equity at exit: $29,821

10-year hold

• IRR: 20.0%
• Equity multiple: 2.87×
• Total profit: $104,463
• Equity at exit: $17,292

Cash invested: $56,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32176

• Rents YoY: 5.2%
• Active inventory: 406
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,792 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$352 /mo · $4,225/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$586
• Net cashflow: $722

Break-even live

Break-even rent $1,879

Max offer price $200,000

Occupancy floor 69%

Sensitivity live

Price	-10% $835	-5% $778	+0% $722	+5% $665	+10% $609
Rent	-10% $501	-5% $612	+0% $722	+5% $832	+10% $942
Rate	-1.0pp $823	-0.5pp $773	base $722	+0.5pp $670	+1.0pp $617

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
815 Ocean Shore Blvd Unit 6 Ormond Beach, FL	2.0	2.0	1020	$3,000	$2.94	24d	1	0.23mi
815 Ocean Shore Blvd Unit 12A Ormond Beach, FL	2.0	2.5	1020	$2,900	$2.84	24d	1	0.23mi
815 Ocean Shore Blvd Unit 13 Ormond Beach, FL	2.0	2.0	1020	$3,200	$3.14	24d	1	0.23mi
815 Ocean Shore Blvd Unit 1B Ormond Beach, FL	2.0	2.5	1020	$3,100	$3.04	24d	1	0.23mi
815 Ocean Shore Blvd Unit 11 Ormond Beach, FL	2.0	2.0	1020	$3,100	$3.04	24d	1	0.23mi
815 Ocean Shore Blvd Unit 12 Ormond Beach, FL	2.0	2.0	1020	$2,800	$2.75	24d	1	0.23mi
815 Ocean Shore Blvd Unit 13B Ormond Beach, FL	2.0	2.5	1020	$2,800	$2.75	24d	1	0.23mi
815 Ocean Shore Blvd Unit 13A Ormond Beach, FL	2.0	2.5	1020	$3,000	$2.94	24d	1	0.25mi
815 Ocean Shore Blvd Unit 10B Ormond Beach, FL	2.0	2.5	1020	$2,700	$2.65	24d	1	0.25mi
815 Ocean Shore Blvd Unit 5B Ormond Beach, FL	2.0	2.5	1020	$2,850	$2.79	24d	1	0.25mi
915 Ocean Shore Blvd Apt 701 Ormond Beach, FL	2.0	2.0	1175	$3,000	$2.55	24d	1	0.34mi
3 River Dr Ormond Beach, FL	2.0	1.0	888	$1,900	$2.14	24d	1	0.75mi
1133 Ocean Shore Blvd #702 Ormond Beach, FL	2.0	2.0	1065	$3,250	$3.05	24d	1	0.82mi
8 Tropical Dr Unit 1546317P Ormond Beach, FL	2.0	1.0	1248	$3,902	$3.13	15d	1	0.93mi
70 Brooks Dr Ormond Beach, FL	3.0	2.0	1204	$2,195	$1.82	22d	1	0.96mi
10 Lynnhurst Dr Ormond Beach, FL	2.0	1.5	1000	$1,750	$1.75	24d	1	1.01mi
125 Lynnhurst Dr Ormond Beach, FL	2.0	2.0	990	$2,800	$2.83	24d	1	1.15mi
23 Hibiscus Dr Ormond Beach, FL	2.0	1.5	1350	$1,795	$1.33	24d	1	1.26mi
157 Longwood Dr Unit 1545681P Ormond Beach, FL	2.0	2.0	1280	$4,032	$3.15	15d	1	1.30mi
1415 Ocean Shore Blvd Ormond Beach, FL	1.0–2.0	1.0–2.0	1031	$2,500	$2.42	15d	1	1.37mi
55 Vining Ct Apt 204 Ormond Beach, FL	2.0	1.5	930	$1,450	$1.56	24d	1	1.38mi

Listing history 8 events

1. 2026-06-03
   pricestatusdays on market $200,000 Pending 6 DOM
2. 2026-06-02
   days on market $324,900 Active 5 DOM
3. 2026-06-01
   status $324,900 Active 4 DOM
4. 2026-05-14
   status Pending 1344-char remark

   Show marketing remark (1344 chars)

   INVESTOR ALERT!!! Welcome to your beach getaway! This charming 2-bedroom, 1.5-bath block home offers the perfect blend of comfort and coastal living in just 4 houses from the ocean. This home is packed with modern upgrades including 2025 PV SOLAR PANEL SYSTEM with A 10 KW battery backup SYSTEM that will be paid off at closing (OVER A $40k ADD ON) --bringing your energy efficiency and peace of mind, 2026 HOT WATER HEATER, 2024 HVAC system and enjoy NEWER impact windows in the front of the house that provide added protection and enhance your comfort year-round. Imagine relaxing in your huge backyard with plenty of room to add a sparkling pool--perfect for those sunny Florida days. Host unforgettable gatherings on the inviting terrace, designed for fun and relaxation with friends and family. Located just 4 houses from the ocean, you can easily stroll to Ormond Beach and soak in breathtaking sunsets every evening. The circular driveway adds convenience and curb appeal, while this 145 ft deep lot that gives you endless possibilities to create your personal paradise. Close to everything you need--shopping, dining, and entertainment--this home is your gateway to the ultimate beach lifestyle. Add your personal touches to this home and make it yours! Don't miss out on this incredible opportunity to live near the sand and surf!

5. 2026-05-02
   historical Active Under Contract 1344-char remark

   Show marketing remark (1344 chars)

   INVESTOR ALERT!!! Welcome to your beach getaway! This charming 2-bedroom, 1.5-bath block home offers the perfect blend of comfort and coastal living in just 4 houses from the ocean. This home is packed with modern upgrades including 2025 PV SOLAR PANEL SYSTEM with A 10 KW battery backup SYSTEM that will be paid off at closing (OVER A $40k ADD ON) --bringing your energy efficiency and peace of mind, 2026 HOT WATER HEATER, 2024 HVAC system and enjoy NEWER impact windows in the front of the house that provide added protection and enhance your comfort year-round. Imagine relaxing in your huge backyard with plenty of room to add a sparkling pool--perfect for those sunny Florida days. Host unforgettable gatherings on the inviting terrace, designed for fun and relaxation with friends and family. Located just 4 houses from the ocean, you can easily stroll to Ormond Beach and soak in breathtaking sunsets every evening. The circular driveway adds convenience and curb appeal, while this 145 ft deep lot that gives you endless possibilities to create your personal paradise. Close to everything you need--shopping, dining, and entertainment--this home is your gateway to the ultimate beach lifestyle. Add your personal touches to this home and make it yours! Don't miss out on this incredible opportunity to live near the sand and surf!

6. 2026-05-02
   status Pending

   Show marketing remark (1344 chars)

   INVESTOR ALERT!!! Welcome to your beach getaway! This charming 2-bedroom, 1.5-bath block home offers the perfect blend of comfort and coastal living in just 4 houses from the ocean. This home is packed with modern upgrades including 2025 PV SOLAR PANEL SYSTEM with A 10 KW battery backup SYSTEM that will be paid off at closing (OVER A $40k ADD ON) --bringing your energy efficiency and peace of mind, 2026 HOT WATER HEATER, 2024 HVAC system and enjoy NEWER impact windows in the front of the house that provide added protection and enhance your comfort year-round. Imagine relaxing in your huge backyard with plenty of room to add a sparkling pool--perfect for those sunny Florida days. Host unforgettable gatherings on the inviting terrace, designed for fun and relaxation with friends and family. Located just 4 houses from the ocean, you can easily stroll to Ormond Beach and soak in breathtaking sunsets every evening. The circular driveway adds convenience and curb appeal, while this 145 ft deep lot that gives you endless possibilities to create your personal paradise. Close to everything you need--shopping, dining, and entertainment--this home is your gateway to the ultimate beach lifestyle. Add your personal touches to this home and make it yours! Don't miss out on this incredible opportunity to live near the sand and surf!

7. 2026-04-28
   listed $324,900 Active
8. 2026-04-24
   listed $324,900 Active 1344-char remark

   Show marketing remark (1344 chars)

   INVESTOR ALERT!!! Welcome to your beach getaway! This charming 2-bedroom, 1.5-bath block home offers the perfect blend of comfort and coastal living in just 4 houses from the ocean. This home is packed with modern upgrades including 2025 PV SOLAR PANEL SYSTEM with A 10 KW battery backup SYSTEM that will be paid off at closing (OVER A $40k ADD ON) --bringing your energy efficiency and peace of mind, 2026 HOT WATER HEATER, 2024 HVAC system and enjoy NEWER impact windows in the front of the house that provide added protection and enhance your comfort year-round. Imagine relaxing in your huge backyard with plenty of room to add a sparkling pool--perfect for those sunny Florida days. Host unforgettable gatherings on the inviting terrace, designed for fun and relaxation with friends and family. Located just 4 houses from the ocean, you can easily stroll to Ormond Beach and soak in breathtaking sunsets every evening. The circular driveway adds convenience and curb appeal, while this 145 ft deep lot that gives you endless possibilities to create your personal paradise. Close to everything you need--shopping, dining, and entertainment--this home is your gateway to the ultimate beach lifestyle. Add your personal touches to this home and make it yours! Don't miss out on this incredible opportunity to live near the sand and surf!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $4,225 · $352/mo
• Projected year-2 tax: $4,225 · $352/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,510
• − Mortgage interest: −$11,203
• − Property taxes: −$4,225
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,681
• − Management: −$2,681
• − Depreciation: −$5,818
• Taxable income: $5,902
• Est. tax owed @ 24.0%: −$1,417
• After-tax cash flow: $7,246/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Volusia
• NCES district ID: 1201920
• Math proficiency: 44% ▼ -9.00%
• Reading proficiency: 49% ▼ -3.00%
• Median HH income: $42,946
• Composite: 39.2/100
• National rank: #4019
• State rank: #47 of 73 in FL

Livability — Ormond Beach

• Score: 83/100
• State rank: #55
• US rank: #965

Category grades

Amenities A+ Commute F Cost of living A Crime B+ Employment B- Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ormond Beach, FL
• County: Volusia County · 556,871 people
• City population: 69,624
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 14,841
• Household income: $78,410
• Rent vs Own: 16.3% rent · 83.7% own
• Severe rent burden: 298.0

Population outlook (Volusia County) Hauer SSP2

• Today (2025): 572,749 people
• By 2030: 598,695 · +4.5%
• By 2040: 644,880 · +12.6%
• By 2050: 681,451 · +19.0%
• By 2075: 759,957 · +32.7%
• By 2100: 778,902 · +36.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 5% Hispanic / Latino 5% Black 2% Asian 2%
• Common ancestry: Slovak 5% Romanian 4% Lithuanian 3%
• Foreign-born: 6% · Canada, China
• Languages at home: 93% English-only · Spanish 2% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Volusia

• 2024 margin: Strong R (+21.8) · D 38.7% · R 60.5%
• 2008→2024 swing: -27.4pp toward R · 2008: 5.7pp · 2024: -21.8pp
• All cycles: 2024: R+21.8 2020: R+14.1 2016: R+13.1 2012: R+1.2 2008: D+5.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -476.64%
• Current HPI: 319.6419
• Rent YoY: ▲ 5.22%
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+0.0% since first listed

5 events — show timeline

• 2026-05-14 Pending — Daytona MLS
• 2026-05-02 Contingent — Daytona MLS
• 2026-05-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-28 Listed $324,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-24 Listed $324,900 Daytona MLS

Property tax history

+20.0%/yr

Latest (2025): $4,225 · -5.1% YoY. Source: county tax records.