108 Life Blvd · Ormond Beach, FL 32174

$143,900

3 bd · 2.0 ba · 1,404 sqft · SingleFamily · 96 Days on market

Built 2026 Good condition $102/sqft · 41% below area Est $243k · 41% under $560/mo HOA · 28% of rent

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Why this score? — see what drove the C 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 +15.1/30.0
• ARV discount +15.0/15.0
• 1% rule +9.1/10.0
• Schools +4.9/10.0
• DSCR +4.6/10.0
• Livability +4.2/5.0
• Condition / age +4.0/5.0
• Rent growth +2.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute 3 Bed 2 Bath Floor Plan with added-on front porch. Lots of upgrades on this new model!

Key facts

• 2 parking spots
• Built 2026
• Listed 95 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $144k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $47 ($568/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $144k).
• Recommended offer: $131k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.7% 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: Tomoka Elementary School (math 62% / reading 61%, grade B, #634 of 2,144 statewide, top 30%, 709 students, 50% 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 at 56% FRL track the district average.
• Market conditions: Rents rising (+1.6%/yr); 1349 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals lingering (median 42d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 79% 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).
• This rent runs 34% 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 $995 of loan paydown is wiped out by about $4k 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 96 days — a 9% lower offer ($131k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 28% of rent.

Recommended offer $130,949 (9.0% below list)

Questions for the listing agent

1. It's been on market 96 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.41% ✓
• Cap rate: 6.69%
• Cash-on-cash: 1.41%
• DSCR: 1.06
• GRM: 5.9

CMA / ARV

• ARV (median comp): $243,000
• List price: $143,900
• Delta: -40.78%
• Verdict: UNDERPRICED
• Comps: 6 within 2.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1929 Linda Ave	0.71mi	3/1.5	1,300 (-7%)	0mo	$200,000	$154	53
196 Deer Lake Cir	1.07mi	2/2.0 (-1)	1,331 (-5%)	0mo	$245,000	$184	51
50 Woodlands Blvd	0.58mi	2/2.0 (-1)	1,598 (+14%)	0mo	$200,000	$125	45
1836 Linda Ave	0.91mi	3/1.0	1,235 (-12%)	0mo	$210,000	$170	41
1020 Calle Grande St	1.11mi	2/2.0 (-1)	1,140 (-19%)	0mo	$242,000	$212	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: -16.1%
• Equity multiple: 0.44×
• Total profit: $-22,668
• Equity at exit: $21,456

10-year hold

• IRR: -11.4%
• Equity multiple: 0.37×
• Total profit: $-25,268
• Equity at exit: $12,442

Cash invested: $40,292 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 20 active · 17 under contract
• Months of supply: 40.0 mo (2%/mo absorbed)
• Median asking: $294,750 ($201/sqft)
• Median days on market: 56 d
• This list price: 20% of active listings are priced below it
• ARV vs active asking: -13.8% vs 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: 1349
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,028 high
• Mortgage (P&I): −$755
• Tax est. 1.5%: −$180 /mo · $2,158/yr
• Insurance: −$60
• HOA: −$560
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $47

Break-even live

Break-even rent $1,968

Max offer price $143,900

Occupancy floor 93%

Sensitivity live

Price	-10% $147	-5% $97	+0% $47	+5% $-2	+10% $-52
Rent	-10% $-113	-5% $-33	+0% $47	+5% $127	+10% $207
Rate	-1.0pp $120	-0.5pp $84	base $47	+0.5pp $10	+1.0pp $-28

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: $35,975
• Closing costs: $4,317
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
51 Misty Falls Dr Ormond Beach, FL	2.0	2.0	1289	$1,700	$1.32	32d	1	0.13mi
472 Bryant St Ormond Beach, FL	3.0	2.0	1010	$1,750	$1.73	32d	1	0.47mi
1953 Nelson Ave Ormond Beach, FL	4.0	1.5	1600	$2,000	$1.25	72d	1	0.60mi
559 Cameo Dr Ormond Beach, FL	3.0	2.5	1668	$2,310	$1.38	72d	1	0.65mi
11 Greenfern Cir Ormond Beach, FL	3.0	2.0	1216	$1,970	$1.62	32d	1	0.67mi
67 Brookwood Dr Ormond Beach, FL	3.0	2.0	1602	$2,350	$1.47	41d	1	0.70mi
51 Brookwood Dr Ormond Beach, FL	3.0	2.0	1791	$2,100	$1.17	72d	1	0.75mi
35 Magnolia Ave Unit 35 Ormond Beach, FL	2.0	2.0	1300	$1,800	$1.38	72d	1	0.81mi
1088 W Granada Blvd Ormond Beach, FL	2.0	2.0	1100	$1,522	$1.38	16d	5	0.93mi
145 Pinion Cir Ormond Beach, FL	3.0	2.0	1473	$2,300	$1.56	41d	1	1.01mi
145 Green Forest Dr Ormond Beach, FL	3.0	2.0	1625	$2,200	$1.35	72d	1	1.04mi
1767 Valencia Ave Ormond Beach, FL	4.0	2.0	1216	$2,100	$1.73	72d	1	1.06mi
765 W Granada Blvd Ormond Beach, FL	1.0–3.0	1.0–2.0	1022	$1,341	$1.31	41d	1	1.10mi
340 Tropical Ln Ormond Beach, FL	2.0	1.0	945	$1,695	$1.79	16d	1	1.16mi
450 Tomoka Ave Apt 212 Ormond Beach, FL	2.0	1.0	1100	$1,475	$1.34	41d	1	1.17mi
450 Tomoka Ave Unit 215 Ormond Beach, FL	2.0	1.5	1150	$1,650	$1.43	41d	1	1.17mi
410 Sauls St Ormond Beach, FL	3.0	1.0	990	$1,500	$1.52	72d	1	1.18mi
1420 Alabama Ave Daytona Beach, FL	4.0	2.0	1367	$1,824	$1.33	68d	1	1.23mi
500 Shadow Lakes Blvd Ormond Beach, FL	1.0–2.0	1.0–2.0	856	$1,645	$1.92	15d	18	1.26mi
136 Pine Cone Trl Ormond Beach, FL	2.0	2.5	1664	$1,780	$1.07	41d	1	1.29mi
402 Fleming Ave Ormond Beach, FL	3.0	2.0	1495	$2,335	$1.56	16d	1	1.29mi
188 Birch Tree Pl Daytona Beach, FL	4.0	2.0	1846	$2,500	$1.35	16d	1	1.30mi
162 Pine Cone Trl Ormond Beach, FL	3.0	2.0	1555	$2,100	$1.35	63d	1	1.31mi
7 Stone Haven Trl Ormond Beach, FL	3.0	2.0	1678	$2,150	$1.28	16d	1	1.33mi
5 Timberline Trl Unit C Ormond Beach, FL	3.0	2.0	1476	$2,175	$1.47	31d	1	1.33mi
1435 Atlanta Dr Daytona Beach, FL	3.0	1.0	1200	$1,800	$1.50	72d	1	1.34mi
165 Birch Tree Pl Daytona Beach, FL	4.0	2.0	1846	$2,600	$1.41	41d	1	1.39mi
1235 Alcazar St Daytona Beach, FL	3.0	2.0	1498	$2,100	$1.40	72d	1	1.42mi
1615 Derbyshire Rd Daytona Beach, FL	3.0	1.5	1000	$1,950	$1.95	63d	1	1.48mi

Listing history 11 events

1. 2026-06-10
   days on market $143,900 Active 96 DOM
2. 2026-06-09
   days on market $143,900 Active 95 DOM
3. 2026-06-08
   days on market $143,900 Active 94 DOM
4. 2026-06-07
   days on market $143,900 Active 93 DOM
5. 2026-06-05
   days on market $143,900 Active 90 DOM
6. 2026-06-03
   days on market $143,900 Active 89 DOM
7. 2026-06-03
   days on market $143,900 Active 88 DOM
8. 2026-06-01
   days on market $143,900 Active 87 DOM
9. 2026-05-31
   days on market $143,900 Active 86 DOM
10. 2026-05-31
    days on market $143,900 Active 85 DOM
11. 2026-03-06
    listed $143,900 Active 91-char remark

    Show marketing remark (91 chars)

    Cute 3 Bed 2 Bath Floor Plan with added-on front porch. Lots of upgrades on this new model!

ⓘ 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: $24,330
• − Mortgage interest: −$8,061
• − Property taxes: −$2,158
• − Insurance: −$720
• − Repairs & maintenance: −$1,946
• − Management: −$1,946
• − HOA: −$6,720
• − Depreciation: −$4,186
• Taxable loss: −$1,407
• Est. tax savings @ 24.0%: +$338
• After-tax cash flow: $905/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 · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $7,020–$21,060 screening

This home is in excellent condition with recent upgrades and improvements, making it move-in ready and highly attractive for both resale and rental.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhances curb appeal and adds value. ↑
• Both Addition of outdoor lighting — Enhances safety and curb appeal. ↑
• Both Addition of a small shed or storage unit — Provides additional storage and enhances curb appeal. ↑

ⓘ 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 48/100

Zoned Schools

Elementary Tomoka Elementary School B FL #634/2,144 Nat'l #6,818/41,679 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

• Census place: Ormond Beach, FL
• 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

Price history

1 event — show timeline

• 2026-03-06 Listed $143,900 Zillow