1464 Morning Walk Dr · Ormond Beach, FL 32174

$344,990

5 bd · 2.0 ba · 1,708 sqft · Land · 91 Days on market

Built 2025 6,884 sqft lot $115/mo HOA · 4% of rent ↓ 3% since listing

---

Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +7.3/30.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +2.9/5.0
• 1% rule +2.5/10.0
• Condition / age +2.5/5.0
• DSCR +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Dundee is a versatile single-story floor plan designed to fit the needs of today’s families. With 5 bedrooms, 2 bathrooms, and an open layout, this home offers both flexibility and comfort in every corner. The connected kitchen, dining, and living areas create a central hub that’s perfect for entertaining guests or enjoying everyday moments together. The primary suite is situated at the back of the home for added privacy, featuring a walk-in closet and a well-appointed bathroom with dual sinks. Four additional bedrooms are located toward the front, providing ample space for family, guests, or even a dedicated home office or hobby room. The kitchen stands out with its modern finishes, including an island, quartz countertops, and stainless-steel appliances, all designed to make cooking and gathering effortless. Every Dundee also comes equipped with a smart home package, keeping your home secure whether you’re there or on the go. This home is open for self-touring 7 days a week. * Photos are of similar model but not that of exact house. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. Please note that no representations or warranties are made regarding school districts or school assignments; you should conduct your own investigation regarding current and future schools and school boundaries. *

Key facts

• Dual sinks
• Walk-in closet
• Primary suite

Tags

• SINGLE-STORY FLOOR PLAN
• OPEN LAYOUT
• PRIMARY SUITE
• WALK-IN CLOSET
• WELL-APPOINTED BATHROOM
• DUAL SINKS

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath land listed at $345k.

Deal economics

• At list price, monthly cash flow is $-459 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $279k (19.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $258k (25.1% below list).
• Recommended offer: $258k (25.1% below list) — sets the bar for 1% rule.
• Cap rate 4.7% vs local median 3.8% in Ormond Beach — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Pine Trail Elementary School (math 77% / reading 72%, grade A, #230 of 2,144 statewide, top 12%, 688 students, 45% FRL); Ormond Beach Middle School (math 57% / reading 55%, grade B-, #175 of 571 statewide, top 31%, 990 students, 48% FRL); Seabreeze High School (math 31% / reading 56%, grade F, #248 of 667 statewide, top 38%, 1,654 students, 41% FRL).
• Market conditions: Rents rising (+1.6%/yr); 989 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• This rent runs 44% of the median local income ($71k/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 $2k of loan paydown is wiped out by about $10k 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.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($314k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $258,267 (25.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.75% ✗
• Cap rate: 4.70%
• Cash-on-cash: -5.70%
• DSCR: 0.75
• GRM: 11.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -27.6%
• Equity multiple: 0.08×
• Total profit: $-88,504
• Equity at exit: $51,439

10-year hold

• IRR: -32.0%
• Equity multiple: -0.33×
• Total profit: $-128,175
• Equity at exit: $29,828

Cash invested: $96,597 (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 32174

• Rents YoY: 1.6%
• Active inventory: 989
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $2,583 medium
• Mortgage (P&I): −$1,809
• Tax est. 1.5%: −$431 /mo · $5,175/yr
• Insurance: −$144
• HOA: −$115
• Vacancy / Maint / Mgmt: −$542
• Net cashflow: $-459

Break-even live

Break-even rent $3,163

Max offer price $278,595

Occupancy floor —

Sensitivity live

Price	-10% $-220	-5% $-340	+0% $-459	+5% $-578	+10% $-697
Rent	-10% $-663	-5% $-561	+0% $-459	+5% $-357	+10% $-255
Rate	-1.0pp $-285	-0.5pp $-371	base $-459	+0.5pp $-548	+1.0pp $-639

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: $86,248
• Closing costs: $10,350
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1326 Middle Lake Dr Ormond Beach, FL	4.0	2.0	1846	$2,600	$1.41	25d	1	0.76mi

HOA detail

• Monthly dues: $115 · $1,380/yr

Listing history 22 events

1. 2026-06-15
   status $344,990 Pending 91 DOM
2. 2026-06-15
   days on market $344,990 Active 91 DOM
3. 2026-06-14
   days on market $344,990 Active 89 DOM
4. 2026-06-10
   days on market $344,990 Active 86 DOM
5. 2026-06-09
   days on market $344,990 Active 85 DOM
6. 2026-06-08
   days on market $344,990 Active 84 DOM
7. 2026-06-07
   days on market $344,990 Active 83 DOM
8. 2026-06-05
   days on market $344,990 Active 80 DOM
9. 2026-06-03
   days on market $344,990 Active 79 DOM
10. 2026-06-03
    days on market $344,990 Active 78 DOM
11. 2026-06-01
    days on market $344,990 Active 77 DOM
12. 2026-05-31
    days on market $344,990 Active 76 DOM
13. 2026-05-31
    days on market $344,990 Active 75 DOM
14. 2026-05-14
    price $344,990 1591-char remark

    Show marketing remark (245 chars)

    The property is located at 1464 Morning Walk Drive ORMOND BEACH FL 32174 priced at 344990, the square foot and stories are 1708, 1.The number of bath is 2, halfbath is 0 there are 5 bedrooms and 2 garages. For more details please, call or email.

15. 2026-05-14
    price $344,990 245-char remark

    Show marketing remark (245 chars)

    The property is located at 1464 Morning Walk Drive ORMOND BEACH FL 32174 priced at 344990, the square foot and stories are 1708, 1.The number of bath is 2, halfbath is 0 there are 5 bedrooms and 2 garages. For more details please, call or email.

16. 2026-05-12
    price $346,990 1591-char remark

    Show marketing remark (245 chars)

    The property is located at 1464 Morning Walk Drive ORMOND BEACH FL 32174 priced at 344990, the square foot and stories are 1708, 1.The number of bath is 2, halfbath is 0 there are 5 bedrooms and 2 garages. For more details please, call or email.

17. 2026-05-12
    price $346,990 245-char remark

    Show marketing remark (245 chars)

    The property is located at 1464 Morning Walk Drive ORMOND BEACH FL 32174 priced at 344990, the square foot and stories are 1708, 1.The number of bath is 2, halfbath is 0 there are 5 bedrooms and 2 garages. For more details please, call or email.

18. 2026-04-16
    price $344,990 1591-char remark

    Show marketing remark (245 chars)

    The property is located at 1464 Morning Walk Drive ORMOND BEACH FL 32174 priced at 344990, the square foot and stories are 1708, 1.The number of bath is 2, halfbath is 0 there are 5 bedrooms and 2 garages. For more details please, call or email.

19. 2026-04-16
    price $344,990 245-char remark

    Show marketing remark (245 chars)

    The property is located at 1464 Morning Walk Drive ORMOND BEACH FL 32174 priced at 344990, the square foot and stories are 1708, 1.The number of bath is 2, halfbath is 0 there are 5 bedrooms and 2 garages. For more details please, call or email.

20. 2026-03-16
    listed $349,990 Active 1591-char remark

    Show marketing remark (1591 chars)

    The Dundee is a versatile single-story floor plan designed to fit the needs of today’s families. With 5 bedrooms, 2 bathrooms, and an open layout, this home offers both flexibility and comfort in every corner. The connected kitchen, dining, and living areas create a central hub that’s perfect for entertaining guests or enjoying everyday moments together. The primary suite is situated at the back of the home for added privacy, featuring a walk-in closet and a well-appointed bathroom with dual sinks. Four additional bedrooms are located toward the front, providing ample space for family, guests, or even a dedicated home office or hobby room. The kitchen stands out with its modern finishes, including an island, quartz countertops, and stainless-steel appliances, all designed to make cooking and gathering effortless. Every Dundee also comes equipped with a smart home package, keeping your home secure whether you’re there or on the go. This home is open for self-touring 7 days a week. * Photos are of similar model but not that of exact house. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. Please note that no representations or warranties are made regarding school districts or school assignments; you should conduct your own investigation regarding current and future schools and school boundaries. *

21. 2026-03-04
    price $349,990 245-char remark

    Show marketing remark (245 chars)

    The property is located at 1464 Morning Walk Drive ORMOND BEACH FL 32174 priced at 344990, the square foot and stories are 1708, 1.The number of bath is 2, halfbath is 0 there are 5 bedrooms and 2 garages. For more details please, call or email.

22. 2026-02-28
    listed $353,990 Active 245-char remark

    Show marketing remark (245 chars)

    The property is located at 1464 Morning Walk Drive ORMOND BEACH FL 32174 priced at 344990, the square foot and stories are 1708, 1.The number of bath is 2, halfbath is 0 there are 5 bedrooms and 2 garages. For more details please, call or email.

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

Taxation est. · year 1

• Rental income: $30,992
• − Mortgage interest: −$19,325
• − Property taxes: −$5,175
• − Insurance: −$1,725
• − Repairs & maintenance: −$2,479
• − Management: −$2,479
• − HOA: −$1,380
• − Depreciation: −$10,036
• Taxable loss: −$11,607
• Est. tax savings @ 24.0%: +$2,786
• After-tax cash flow: $-2,720/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): 54,783
• Household income: $71,011
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 1158.0

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 (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%

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

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

-2.5% since first listed

9 events — show timeline

• 2026-05-14 Price Changed $344,990 Stellar MLS as Distributed by MLS Grid
• 2026-05-14 Price Changed $344,990 Zillow
• 2026-05-12 Price Changed $346,990 Stellar MLS as Distributed by MLS Grid
• 2026-05-12 Price Changed $346,990 Zillow
• 2026-04-16 Price Changed $344,990 Stellar MLS as Distributed by MLS Grid
• 2026-04-16 Price Changed $344,990 Zillow
• 2026-03-16 Listed $349,990 Stellar MLS as Distributed by MLS Grid
• 2026-03-04 Price Changed $349,990 Zillow
• 2026-02-28 Listed $353,990 Zillow