17 Poinsettia Dr · Ormond-by-the-Sea, FL 32176

$200,000

2 bd · 1.0 ba · 700 sqft · SingleFamily public records · 150 Days on market

Built 1955 6,969 sqft lot

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Why this score? — see what drove the D 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 +12.9/30.0
• ARV discount +7.5/15.0
• 1% rule +4.6/10.0
• Schools +3.9/10.0
• DSCR +3.8/10.0
• Rent growth +3.8/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Offers rec'd. Awaiting bank approval. SHORT SALE. 2 Bed, 1 Bath, Bring your vision to this Ormond-by-the-Sea property just steps from the beach. Newer windows and garage door. Home needs work and is priced accordingly. Fair market value is approximately $200K in current condition with an ARV around $300K. All offers are subject to third-party (lender) approval. Property is sold AS-IS with seller making no repairs. Excellent opportunity for investors, contractors, or buyers looking for a renovation project in a highly desirable location.

Key facts

• Newer windows
• Steps from the beach
• Garage door

Tags

• STEPS FROM THE BEACH
• NEWER WINDOWS
• GARAGE DOOR
• HIGHLY DESIRABLE LOCATION

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-16 ($-191/yr) — negative.
• To cash-flow at today's rent, offer at most $197k (1.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $192k (3.8% below list).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• 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; 1 comparable units currently listed for rent nearby; solid renter incomes; 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 $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.

Negotiation context

• It's been on market 150 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 20y ago 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.
• Current owner paid $90k; list at $200k implies a 122% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $176,000 (12.0% 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 150 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
7. 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.
8. 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.
9. 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: 0.96% ✗
• Cap rate: 6.20%
• Cash-on-cash: -0.34%
• DSCR: 0.98
• GRM: 8.7

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: -14.1%
• Equity multiple: 0.48×
• Total profit: $-28,908
• Equity at exit: $29,821

10-year hold

• IRR: -1.7%
• Equity multiple: 0.87×
• Total profit: $-7,118
• 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: 8.7×

Monthly cashflow live

• Estimated rent: $1,924 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$403 /mo · $4,841/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$404
• Net cashflow: $-16

Break-even live

Break-even rent $1,944

Max offer price $197,186

Occupancy floor 96%

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 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
60 River Dr Ormond Beach, FL	2.0	2.0	700	$1,900	$2.71	19d	1	0.65mi

Listing history 33 events

1. 2026-06-18
   days on market $200,000 Active 150 DOM
2. 2026-06-17
   days on market $200,000 Active 149 DOM
3. 2026-06-16
   days on market $200,000 Active 148 DOM
4. 2026-06-15
   days on market $200,000 Active 147 DOM
5. 2026-06-14
   days on market $200,000 Active 145 DOM
6. 2026-06-10
   days on market $200,000 Active 142 DOM
7. 2026-06-09
   days on market $200,000 Active 141 DOM
8. 2026-06-08
   days on market $200,000 Active 140 DOM
9. 2026-06-07
   days on market $200,000 Active 139 DOM
10. 2026-06-05
    days on market $200,000 Active 136 DOM
11. 2026-06-03
    days on market $200,000 Active 135 DOM
12. 2026-06-03
    days on market $200,000 Active 134 DOM
13. 2026-06-01
    days on market $200,000 Active 133 DOM
14. 2026-05-31
    days on market $200,000 Active 132 DOM
15. 2026-05-31
    days on market $200,000 Active 131 DOM
16. 2026-01-19
    listed $200,000 Active 542-char remark

    Show marketing remark (542 chars)

    Offers rec'd. Awaiting bank approval. SHORT SALE. 2 Bed, 1 Bath, Bring your vision to this Ormond-by-the-Sea property just steps from the beach. Newer windows and garage door. Home needs work and is priced accordingly. Fair market value is approximately $200K in current condition with an ARV around $300K. All offers are subject to third-party (lender) approval. Property is sold AS-IS with seller making no repairs. Excellent opportunity for investors, contractors, or buyers looking for a renovation project in a highly desirable location.

17. 2025-04-16
    price $247,777 728-char remark

    Show marketing remark (728 chars)

    Welcome to your ideal beachside retreat! This 2-bedroom, 1-bathroom home, complete with a 1-car garage, is located just a few blocks from the stunning sands and surf of Florida's coast. Whether you seek a peaceful getaway, an exciting vacation rental, or a cozy residence, this property has it all. Experience the best of Florida living with local shops, restaurants, and entertainment just minutes away. Close to world-famous Daytona Beach, NASCAR events, and Bike Week festivities, you're also conveniently located just over an hour from Jacksonville, St. Augustine, and Orlando's theme parks. Whether you're seeking your dream coastal escape or an exciting investment opportunity, this beachside gem has everything you need.

18. 2025-02-15
    status Active 728-char remark

    Show marketing remark (728 chars)

    Welcome to your ideal beachside retreat! This 2-bedroom, 1-bathroom home, complete with a 1-car garage, is located just a few blocks from the stunning sands and surf of Florida's coast. Whether you seek a peaceful getaway, an exciting vacation rental, or a cozy residence, this property has it all. Experience the best of Florida living with local shops, restaurants, and entertainment just minutes away. Close to world-famous Daytona Beach, NASCAR events, and Bike Week festivities, you're also conveniently located just over an hour from Jacksonville, St. Augustine, and Orlando's theme parks. Whether you're seeking your dream coastal escape or an exciting investment opportunity, this beachside gem has everything you need.

19. 2025-02-07
    status Pending 728-char remark

    Show marketing remark (728 chars)

    Welcome to your ideal beachside retreat! This 2-bedroom, 1-bathroom home, complete with a 1-car garage, is located just a few blocks from the stunning sands and surf of Florida's coast. Whether you seek a peaceful getaway, an exciting vacation rental, or a cozy residence, this property has it all. Experience the best of Florida living with local shops, restaurants, and entertainment just minutes away. Close to world-famous Daytona Beach, NASCAR events, and Bike Week festivities, you're also conveniently located just over an hour from Jacksonville, St. Augustine, and Orlando's theme parks. Whether you're seeking your dream coastal escape or an exciting investment opportunity, this beachside gem has everything you need.

20. 2025-02-07
    historical 728-char remark

    Show marketing remark (728 chars)

    Welcome to your ideal beachside retreat! This 2-bedroom, 1-bathroom home, complete with a 1-car garage, is located just a few blocks from the stunning sands and surf of Florida's coast. Whether you seek a peaceful getaway, an exciting vacation rental, or a cozy residence, this property has it all. Experience the best of Florida living with local shops, restaurants, and entertainment just minutes away. Close to world-famous Daytona Beach, NASCAR events, and Bike Week festivities, you're also conveniently located just over an hour from Jacksonville, St. Augustine, and Orlando's theme parks. Whether you're seeking your dream coastal escape or an exciting investment opportunity, this beachside gem has everything you need.

21. 2025-01-22
    price $249,000 728-char remark

    Show marketing remark (728 chars)

    Welcome to your ideal beachside retreat! This 2-bedroom, 1-bathroom home, complete with a 1-car garage, is located just a few blocks from the stunning sands and surf of Florida's coast. Whether you seek a peaceful getaway, an exciting vacation rental, or a cozy residence, this property has it all. Experience the best of Florida living with local shops, restaurants, and entertainment just minutes away. Close to world-famous Daytona Beach, NASCAR events, and Bike Week festivities, you're also conveniently located just over an hour from Jacksonville, St. Augustine, and Orlando's theme parks. Whether you're seeking your dream coastal escape or an exciting investment opportunity, this beachside gem has everything you need.

22. 2025-01-06
    price $259,000 728-char remark

    Show marketing remark (728 chars)

    Welcome to your ideal beachside retreat! This 2-bedroom, 1-bathroom home, complete with a 1-car garage, is located just a few blocks from the stunning sands and surf of Florida's coast. Whether you seek a peaceful getaway, an exciting vacation rental, or a cozy residence, this property has it all. Experience the best of Florida living with local shops, restaurants, and entertainment just minutes away. Close to world-famous Daytona Beach, NASCAR events, and Bike Week festivities, you're also conveniently located just over an hour from Jacksonville, St. Augustine, and Orlando's theme parks. Whether you're seeking your dream coastal escape or an exciting investment opportunity, this beachside gem has everything you need.

23. 2024-12-19
    listed $269,000 Active 728-char remark

    Show marketing remark (728 chars)

    Welcome to your ideal beachside retreat! This 2-bedroom, 1-bathroom home, complete with a 1-car garage, is located just a few blocks from the stunning sands and surf of Florida's coast. Whether you seek a peaceful getaway, an exciting vacation rental, or a cozy residence, this property has it all. Experience the best of Florida living with local shops, restaurants, and entertainment just minutes away. Close to world-famous Daytona Beach, NASCAR events, and Bike Week festivities, you're also conveniently located just over an hour from Jacksonville, St. Augustine, and Orlando's theme parks. Whether you're seeking your dream coastal escape or an exciting investment opportunity, this beachside gem has everything you need.

24. 2024-11-12
    historical
25. 2024-11-05
    price $309,995
26. 2024-09-18
    listed $319,999 Active
27. 2012-07-23
    soldstatus $90,000
28. 2012-06-08
    soldstatus $90,000
29. 2012-03-06
    listed $94,900
30. 2007-09-19
    historical
31. 2007-06-14
    listed $158,500
32. 2006-06-26
    listed $169,900
33. 1986-06-01
    soldstatus $42,000

ⓘ 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: $4,841 · $403/mo
• Projected year-2 tax: $4,841 · $403/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 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 22 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: $23,084
• − Mortgage interest: −$11,203
• − Property taxes: −$4,841
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,847
• − Management: −$1,847
• − Depreciation: −$5,818
• Taxable loss: −$3,472
• Est. tax savings @ 24.0%: +$833
• After-tax cash flow: $642/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-by-the-Sea

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Ormond-by-the-Sea, FL
• County: Volusia County · 556,871 people
• City population: 14,344
• 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

+376.2% since first listed

18 events — show timeline

• 2026-01-19 Listed $200,000 Daytona MLS
• 2025-04-16 Price Changed $247,777 realMLS
• 2025-02-15 Relisted — realMLS
• 2025-02-07 Pending — realMLS
• 2025-02-07 Listing Removed — realMLS
• 2025-01-22 Price Changed $249,000 realMLS
• 2025-01-06 Price Changed $259,000 realMLS
• 2024-12-19 Listed $269,000 realMLS
• 2024-11-12 Listing Removed — Daytona MLS
• 2024-11-05 Price Changed $309,995 Daytona MLS
• 2024-09-18 Listed $319,999 Daytona MLS
• 2012-07-23 Sold (MLS) $90,000 Daytona MLS
• 2012-06-08 Sold (Public Records) $90,000 Public Records
• 2012-03-06 Listed $94,900 Daytona MLS
• 2007-09-19 Listing Removed — Daytona MLS
• 2007-06-14 Listed $158,500 Daytona MLS
• 2006-06-26 Listed $169,900 Daytona MLS
• 1986-06-01 Sold (Public Records) $42,000 Public Records

Property tax history

+14.6%/yr

Latest (2025): $4,841 · +262.5% YoY. Source: county tax records.