1300 Hand Ave Unit 27F · Ormond Beach, FL 32174

$92,900

3 bd · 2.0 ba · 1,306 sqft · Manufactured · 69 Days on market

Manufactured home Built 2026 Good condition $71/sqft · 23% below area Est $120k · 23% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.2/5.0
• Condition / age +4.0/5.0
• Schools +3.7/10.0
• Rent growth +2.9/5.0
• Appreciation +2.5/10.0
• Manufactured-home adj. -6.6

Listing remarks

Step into comfort with this spacious Cavco 24x56 double wide manufactured home located in the Pinewood community. With 3 bedrooms, 2 full bathrooms, and 1,306 square feet of living space, this model (24563U) offers a perfect blend of functionality and style. Designed for modern living, it features a bright, open layout ideal for families or anyone seeking roomy, affordable homeownership in Florida. Interested buyers will appreciate the well-maintained surroundings, professional community management, and proximity to local amenities. Experience the benefits of manufactured home living without compromising on space or comfort.

Key facts

• Parking
• Built 2026
• Listed 69 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $93k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $601 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $93k).
• Recommended offer: $87k (6.0% below list) — sets the bar for market timing.
• Cap rate 14.1% 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.
• Zoned schools: Westside Elementary School (math 29% / reading 26%, grade F, #1,962 of 2,144 statewide, top 92%, 636 students, 83% FRL); David C. Hinson Sr. Middle School (math 52% / reading 49%, grade C, #246 of 571 statewide, top 44%, 950 students, 52% FRL); Mainland High School (math 30% / reading 37%, grade F, #400 of 667 statewide, top 61%, 1,855 students, 64% FRL) — zoned schools average 66% FRL vs 51% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.6%/yr); 1512 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals lingering (median 79d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 69% of comp listings sitting > 30 days — soft ceiling on asking rent; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $642 of loan paydown is wiped out by about $3k 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 + 1.6% rent growth), your $26k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($87k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,326 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.69% ✓
• Cap rate: 14.06%
• Cash-on-cash: 27.73%
• DSCR: 2.23
• GRM: 4.9

CMA / ARV

• ARV (median comp): $120,000
• List price: $92,900
• Delta: -22.58%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1807 Woodcrest Dr	0.44mi	3/2.0	1,312 (+0%)	1mo	$200,000	$152	78
344 Fir St	1.17mi	3/2.0	1,302 (-0%)	1mo	$298,000	$229	64
1616 Selma Ave	1.42mi	3/2.0	1,377 (+5%)	1mo	$326,000	$237	55
1759 Valencia Ave	0.72mi	3/2.0	1,206 (-8%)	1mo	$235,000	$195	53
355 Fir St	1.20mi	3/2.0	1,194 (-9%)	1mo	$224,900	$188	50
49 Laurel Oaks Cir	0.61mi	3/2.0	1,560 (+19%)	0mo	$220,000	$141	46
1631 Granada Ave	1.00mi	3/2.0	1,614 (+24%)	0mo	$245,000	$152	40
3 Appaloosa Trl	1.44mi	2/2.0 (-1)	1,464 (+12%)	1mo	$285,000	$195	39
924 Willow Run Run	0.88mi	3/2.0	1,528 (+17%)	1mo	$225,000	$147	39
901 Kingsport Ct	1.35mi	2/2.0 (-1)	1,132 (-13%)	1mo	$175,000	$155	37
1615 Derbyshire Rd	1.10mi	3/1.5	1,002 (-23%)	1mo	$198,000	$198	37
612 Johnson Dr	1.13mi	4/2.0 (+1)	1,522 (+16%)	0mo	$254,000	$167	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.64% rent growth · sell at horizon

5-year hold

• IRR: 20.3%
• Equity multiple: 1.81×
• Total profit: $21,132
• Equity at exit: $13,852

10-year hold

• IRR: 27.6%
• Equity multiple: 3.28×
• Total profit: $59,315
• Equity at exit: $8,032

Cash invested: $26,012 (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 →

Active competition Active MLS

• For sale now: 41 active · 3 under contract
• Median asking: $33,000 ($29/sqft)
• Median days on market: 1 d
• This list price: 80% of active listings are priced below it
• ARV vs active asking: +212.2% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 32174

• Rents YoY: 1.6%
• Active inventory: 1512
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,574 high
• Mortgage (P&I): −$487
• Tax est. 1.5%: −$116 /mo · $1,394/yr
• Insurance: −$39
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$330
• Net cashflow: $601

Break-even live

Break-even rent $813

Max offer price $92,900

Occupancy floor 57%

Sensitivity live

Price	-10% $665	-5% $633	+0% $601	+5% $569	+10% $537
Rent	-10% $477	-5% $539	+0% $601	+5% $663	+10% $725
Rate	-1.0pp $648	-0.5pp $625	base $601	+0.5pp $577	+1.0pp $553

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: $23,225
• Closing costs: $2,787
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1953 Nelson Ave Ormond Beach, FL	4.0	1.5	1600	$2,000	$1.25	119d	1	0.29mi
472 Bryant St Ormond Beach, FL	3.0	2.0	1010	$1,750	$1.73	78d	1	0.43mi
51 Misty Falls Dr Ormond Beach, FL	2.0	2.0	1289	$1,700	$1.32	78d	1	0.45mi
1489 Springleaf Dr Ormond Beach, FL	3.0	2.0	1485	$2,300	$1.55	6d	1	0.53mi
559 Cameo Dr Ormond Beach, FL	3.0	2.5	1668	$2,310	$1.38	119d	1	0.54mi
1826 Carolina Ave Ormond Beach, FL	3.0	1.5	1068	$1,896	$1.78	5d	1	0.55mi
11 Greenfern Cir Ormond Beach, FL	3.0	2.0	1216	$1,970	$1.62	78d	1	0.64mi
1767 Valencia Ave Ormond Beach, FL	4.0	2.0	1216	$2,100	$1.73	119d	1	0.71mi
1420 Alabama Ave Daytona Beach, FL	4.0	2.0	1367	$1,824	$1.33	115d	1	0.84mi
145 Green Forest Dr Ormond Beach, FL	3.0	2.0	1625	$2,200	$1.35	119d	1	0.92mi
1435 Atlanta Dr Daytona Beach, FL	3.0	1.0	1200	$1,800	$1.50	119d	1	0.95mi
1215 Alabama Ave Apt A Daytona Beach, FL	2.0	1.5	1070	$1,500	$1.40	6d	1	0.96mi
1215 Alabama Ave Daytona Beach, FL	2.0	1.5	1070	$1,450	$1.36	6d	1	0.96mi
188 Birch Tree Pl Daytona Beach, FL	4.0	2.0	1846	$2,500	$1.35	62d	1	0.98mi
67 Brookwood Dr Ormond Beach, FL	3.0	2.0	1602	$2,075	$1.30	6d	1	1.04mi
165 Birch Tree Pl Daytona Beach, FL	4.0	2.0	1846	$2,600	$1.41	88d	1	1.06mi
1235 Alcazar St Daytona Beach, FL	3.0	2.0	1498	$2,100	$1.40	119d	1	1.06mi
51 Brookwood Dr Ormond Beach, FL	3.0	2.0	1791	$1,900	$1.06	6d	1	1.09mi
1615 Derbyshire Rd Daytona Beach, FL	3.0	1.5	1000	$1,950	$1.95	110d	1	1.10mi
1025 Alabama Ave Holly Hill, FL	3.0	2.0	1577	$2,100	$1.33	6d	1	1.17mi
1088 W Granada Blvd Ormond Beach, FL	2.0	2.0	1100	$1,545	$1.40	3d	6	1.18mi
108 San Mardeen Ct Daytona Beach, FL	3.0	2.0	1500	$2,650	$1.77	119d	1	1.18mi
1512 Richmond Ave Unit 1546284P Daytona Beach, FL	3.0	2.0	1173	$3,226	$2.75	110d	1	1.19mi
35 Magnolia Ave Unit 35 Ormond Beach, FL	2.0	2.0	1300	$1,800	$1.38	119d	1	1.21mi
1681 Spring Garden Ct Holly Hill, FL	2.0	2.0	1008	$1,600	$1.59	62d	1	1.22mi
410 Sauls St Ormond Beach, FL	3.0	1.0	990	$1,500	$1.52	119d	1	1.30mi
340 Tropical Ln Ormond Beach, FL	2.0	1.0	945	$1,695	$1.79	62d	1	1.33mi
402 Fleming Ave Ormond Beach, FL	3.0	2.0	1495	$2,085	$1.39	4d	1	1.36mi
1575 Megan Bay Cir Holly Hill, FL	3.0	2.0	1232	$1,700	$1.38	62d	1	1.40mi
145 Pinion Cir Ormond Beach, FL	3.0	2.0	1473	$2,300	$1.56	88d	1	1.40mi
29 Fair Oaks Cir Ormond Beach, FL	2.0	2.5	1230	$1,795	$1.46	6d	1	1.46mi
1559 Hammock Dr Unit B Holly Hill, FL	2.0	1.5	1100	$1,295	$1.18	62d	1	1.46mi
40 Bluebird Ln Ormond Beach, FL	3.0	2.0	1248	$2,299	$1.84	6d	1	1.46mi
1571 Hancock Ln Holly Hill, FL	2.0	1.0	921	$1,350	$1.47	62d	1	1.48mi
1563 Hancock Ln Daytona Beach, FL	2.0	2.0	912	$1,475	$1.62	107d	1	1.49mi
1563 Hancock Ln Holly Hill, FL	2.0	2.0	912	$1,350	$1.48	4d	1	1.49mi
450 Tomoka Ave Unit 215 Ormond Beach, FL	2.0	1.5	1150	$1,650	$1.43	88d	1	1.50mi
450 Tomoka Ave Apt 212 Ormond Beach, FL	2.0	1.0	1100	$1,475	$1.34	88d	1	1.50mi
765 W Granada Blvd Ormond Beach, FL	1.0–3.0	1.0–2.0	1022	$1,341	$1.31	88d	1	1.50mi

Listing history 18 events

1. 2026-06-23
   days on market $92,900 Active 69 DOM
2. 2026-06-22
   days on market $92,900 Active 68 DOM
3. 2026-06-18
   days on market $92,900 Active 65 DOM
4. 2026-06-17
   days on market $92,900 Active 64 DOM
5. 2026-06-16
   days on market $92,900 Active 63 DOM
6. 2026-06-15
   days on market $92,900 Active 62 DOM
7. 2026-06-14
   days on market $92,900 Active 60 DOM
8. 2026-06-10
   days on market $92,900 Active 57 DOM
9. 2026-06-09
   days on market $92,900 Active 56 DOM
10. 2026-06-08
    days on market $92,900 Active 55 DOM
11. 2026-06-07
    days on market $92,900 Active 54 DOM
12. 2026-06-05
    days on market $92,900 Active 51 DOM
13. 2026-06-03
    days on market $92,900 Active 50 DOM
14. 2026-06-03
    days on market $92,900 Active 49 DOM
15. 2026-06-01
    days on market $92,900 Active 48 DOM
16. 2026-05-31
    days on market $92,900 Active 47 DOM
17. 2026-05-31
    days on market $92,900 Active 46 DOM
18. 2026-04-15
    listed $92,900 Active 632-char remark

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,883
• − Mortgage interest: −$5,204
• − Property taxes: −$1,394
• − Insurance: −$464
• − Repairs & maintenance: −$1,511
• − Management: −$1,511
• − Depreciation: −$2,703
• Taxable income: $6,097
• Est. tax owed @ 24.0%: −$1,463
• After-tax cash flow: $5,750/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.

Condition & rehab AI · 6 photos

Good 80/100 Cosmetic rehab Est. rehab $6,530–$19,590 screening

This Cavco 24x56 double wide manufactured home in the Pinewood community is in good condition with a good condition score of 80. It offers a spacious and well-maintained living environment with a good rehab level of cosmetic. The home is ready for immediate occupancy and minor touch-ups will further enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior shutters — Enhances curb appeal and adds a fresh look. ↑
• Both Trim grass around foundation — Maintains a neat and professional appearance. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 37/100

Zoned Schools

Elementary Westside Elementary School F FL #1,962/2,144 Nat'l #28,299/41,679 Middle David C. Hinson Sr. Middle School C FL #246/571 Nat'l #3,367/14,009 High Mainland High School F FL #400/667 Nat'l #10,191/17,239

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

A Composite livability gradescore 83/100

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

• County: Volusia County · 572,749 people
• City population: 69,624
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• Population (ZIP): 54,783
• Household income: $71,011
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 19% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Black 6% Hispanic / Latino 5% Two or more races 5% Asian 3%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 3%
• Foreign-born: 7% · Canada, China
• Languages at home: 91% English-only · Spanish 3% Other Indo-European 1% German/W. Germanic 1%

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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: ▼ -327.97%
• Current HPI: 271.92
• Rent YoY: ▲ 1.64%
• Metro: Deltona-Daytona Beach-Ormond Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

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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