24403B A3 Plan · Altamonte Springs, FL 32714

$81,900

3 bd · 2.0 ba · 1,128 sqft · Manufactured · 134 Days on market

Good condition ↓ 6% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.1/5.0
• Condition / age +4.0/5.0
• Schools +3.9/10.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step into roomy comfort with this Cavco 24403B Stretch model at Lot F5 in Pinewood, located in peaceful Ormond Beach, Florida. This double wide manufactured home features 3 bedrooms, 2 full bathrooms, and 1,128 square feet of open living space designed for everyday functionality and family living. Enjoy the spacious floor plan, upgraded finishes, and the reliability that comes with Cavco craftsmanship. Nestled in a clean, quiet, and professionally managed community, this home offers the perfect blend of convenience and value-just minutes from Florida's coastal beauty and local amenities.

Key facts

• Coastal beauty
• Cavco craftsmanship
• 2 parking spots

Tags

• CAVCO CRAFTSMANSHIP
• COASTAL BEAUTY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $82k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $987 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $82k).
• Recommended offer: $72k (12.0% below list) — sets the bar for market timing.
• Cap rate 20.7% vs local median 3.4% in Altamonte Springs — 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 82/100 on livability (#62 in FL, #1,095 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, crime D+, amenities D-.
• 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 soft (-0.8%/yr); 257 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
• This rent runs 33% 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 $566 of loan paydown is wiped out by about $2k 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 + 0.0% rent growth), your $23k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($72k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $8k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $72,072 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 days. Have you received any prior offers? Is the seller open to a 12% 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 2.40% ✓
• Cap rate: 20.75%
• Cash-on-cash: 51.63%
• DSCR: 3.30
• GRM: 3.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 46.1%
• Equity multiple: 2.91×
• Total profit: $43,835
• Equity at exit: $12,212

10-year hold

• IRR: 50.6%
• Equity multiple: 5.23×
• Total profit: $96,944
• Equity at exit: $7,081

Cash invested: $22,932 (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 32714

• Rents YoY: -0.8%
• Active inventory: 257
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,965 high
• Mortgage (P&I): −$429
• Tax est. 1.5%: −$102 /mo · $1,228/yr
• Insurance: −$34
• HOA: −$0
• Vacancy / Maint / Mgmt: −$413
• Net cashflow: $987

Break-even live

Break-even rent $716

Max offer price $81,900

Occupancy floor 45%

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: $20,475
• Closing costs: $2,457
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1767 Valencia Ave Ormond Beach, FL	4.0	2.0	1216	$2,100	$1.73	23d	1	0.62mi
1420 Alabama Ave Daytona Beach, FL	4.0	2.0	1367	$1,824	$1.33	19d	1	0.76mi
1435 Atlanta Dr Daytona Beach, FL	3.0	1.0	1200	$1,800	$1.50	23d	1	0.86mi
1707 Evergreen St Ormond Beach, FL	2.0	1.0	868	$1,750	$2.02	23d	1	0.90mi
1235 Alcazar St Daytona Beach, FL	3.0	2.0	1498	$2,100	$1.40	23d	1	0.97mi
1615 Derbyshire Rd Daytona Beach, FL	3.0	1.5	1000	$1,950	$1.95	14d	1	1.02mi
108 San Mardeen Ct Daytona Beach, FL	3.0	2.0	1500	$2,650	$1.77	23d	1	1.10mi
1512 Richmond Ave Unit 1546284P Daytona Beach, FL	3.0	2.0	1173	$3,226	$2.75	14d	1	1.11mi
1088 W Granada Blvd Ormond Beach, FL	1.0–2.0	1.0–2.0	950	$1,570	$1.65	11d	8	1.27mi
410 Sauls St Ormond Beach, FL	3.0	1.0	990	$1,500	$1.52	23d	1	1.28mi
35 Magnolia Ave Unit 35 Ormond Beach, FL	2.0	2.0	1300	$1,800	$1.38	23d	1	1.29mi
1575 Megan Bay Cir Daytona Beach, FL	3.0	2.0	1232	$1,800	$1.46	23d	1	1.31mi
402 Fleming Ave Ormond Beach, FL	3.0	2.0	1495	$2,560	$1.71	21d	1	1.32mi
1559 Hammock Dr Unit B Holly Hill, FL	2.0	1.5	1100	$1,375	$1.25	14d	1	1.37mi
1563 Hancock Ln Daytona Beach, FL	2.0	2.0	912	$1,475	$1.62	11d	1	1.40mi
946 15th St Daytona Beach, FL	2.0	2.0	1010	$1,500	$1.49	23d	1	1.48mi

Listing history 21 events

1. 2026-06-19
   price $81,900 Active 134 DOM
2. 2026-06-18
   days on market $84,900 Active 134 DOM
3. 2026-06-17
   days on market $84,900 Active 133 DOM
4. 2026-06-16
   days on market $84,900 Active 132 DOM
5. 2026-06-15
   days on market $84,900 Active 131 DOM
6. 2026-06-14
   days on market $84,900 Active 129 DOM
7. 2026-06-10
   days on market $84,900 Active 126 DOM
8. 2026-06-09
   days on market $84,900 Active 125 DOM
9. 2026-06-08
   days on market $84,900 Active 124 DOM
10. 2026-06-07
    days on market $84,900 Active 123 DOM
11. 2026-06-05
    days on market $84,900 Active 120 DOM
12. 2026-06-03
    days on market $84,900 Active 119 DOM
13. 2026-06-03
    days on market $84,900 Active 118 DOM
14. 2026-06-01
    days on market $84,900 Active 117 DOM
15. 2026-05-31
    days on market $84,900 Active 116 DOM
16. 2026-05-31
    days on market $84,900 Active 115 DOM
17. 2026-04-15
    status Active 594-char remark

    Show marketing remark (594 chars)

    Step into roomy comfort with this Cavco 24403B Stretch model at Lot F5 in Pinewood, located in peaceful Ormond Beach, Florida. This double wide manufactured home features 3 bedrooms, 2 full bathrooms, and 1,128 square feet of open living space designed for everyday functionality and family living. Enjoy the spacious floor plan, upgraded finishes, and the reliability that comes with Cavco craftsmanship. Nestled in a clean, quiet, and professionally managed community, this home offers the perfect blend of convenience and value-just minutes from Florida's coastal beauty and local amenities.

18. 2026-04-15
    price $84,900 594-char remark

    Show marketing remark (594 chars)

    Step into roomy comfort with this Cavco 24403B Stretch model at Lot F5 in Pinewood, located in peaceful Ormond Beach, Florida. This double wide manufactured home features 3 bedrooms, 2 full bathrooms, and 1,128 square feet of open living space designed for everyday functionality and family living. Enjoy the spacious floor plan, upgraded finishes, and the reliability that comes with Cavco craftsmanship. Nestled in a clean, quiet, and professionally managed community, this home offers the perfect blend of convenience and value-just minutes from Florida's coastal beauty and local amenities.

19. 2026-01-01
    historical 594-char remark

    Show marketing remark (594 chars)

    Step into roomy comfort with this Cavco 24403B Stretch model at Lot F5 in Pinewood, located in peaceful Ormond Beach, Florida. This double wide manufactured home features 3 bedrooms, 2 full bathrooms, and 1,128 square feet of open living space designed for everyday functionality and family living. Enjoy the spacious floor plan, upgraded finishes, and the reliability that comes with Cavco craftsmanship. Nestled in a clean, quiet, and professionally managed community, this home offers the perfect blend of convenience and value-just minutes from Florida's coastal beauty and local amenities.

20. 2025-11-13
    price $88,900 594-char remark

    Show marketing remark (594 chars)

    Step into roomy comfort with this Cavco 24403B Stretch model at Lot F5 in Pinewood, located in peaceful Ormond Beach, Florida. This double wide manufactured home features 3 bedrooms, 2 full bathrooms, and 1,128 square feet of open living space designed for everyday functionality and family living. Enjoy the spacious floor plan, upgraded finishes, and the reliability that comes with Cavco craftsmanship. Nestled in a clean, quiet, and professionally managed community, this home offers the perfect blend of convenience and value-just minutes from Florida's coastal beauty and local amenities.

21. 2025-10-23
    listed $89,900 Active 594-char remark

    Show marketing remark (594 chars)

    Step into roomy comfort with this Cavco 24403B Stretch model at Lot F5 in Pinewood, located in peaceful Ormond Beach, Florida. This double wide manufactured home features 3 bedrooms, 2 full bathrooms, and 1,128 square feet of open living space designed for everyday functionality and family living. Enjoy the spacious floor plan, upgraded finishes, and the reliability that comes with Cavco craftsmanship. Nestled in a clean, quiet, and professionally managed community, this home offers the perfect blend of convenience and value-just minutes from Florida's coastal beauty and local amenities.

ⓘ 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: $23,583
• − Mortgage interest: −$4,588
• − Property taxes: −$1,228
• − Insurance: −$410
• − Repairs & maintenance: −$1,887
• − Management: −$1,887
• − Depreciation: −$2,383
• Taxable income: $11,202
• Est. tax owed @ 24.0%: −$2,688
• After-tax cash flow: $9,151/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

This Cavco 24403B Stretch model manufactured home is in good condition with a good exterior and interior. It has a decent landscaping and curb appeal that can be improved with some maintenance and updates.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances the home's curb appeal and can attract more buyers or renters.
• Both Painting exterior and interior walls — Fresh paint can make the home look more inviting and can increase its value.
• Both Landscaping and curb appeal improvements — Enhances the home's curb appeal and can attract more buyers or renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal improvements — Enhances the home's curb appeal and can attract more buyers or renters. ↑
• Both Painting exterior and interior walls — Fresh paint can make the home look more inviting and can increase its value. ↑
• Both Landscaping and curb appeal improvements — Enhances the home's curb appeal and can attract more buyers or renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Altamonte Springs

• Score: 82/100
• State rank: #62
• US rank: #1095

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Seminole County · 436,154 people
• City population: 62,497
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 37,905
• Household income: $70,955
• Rent vs Own: 49.1% rent · 50.9% own
• Severe rent burden: 1961.0

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: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 43% Hispanic / Latino 31% Two or more races 17% Black 17% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 10% Cuban 3% Dominican 2%
• Common ancestry: Lithuanian 4% Hispanic 3% Scotch-Irish 2%
• Foreign-born: 18% · Canada, Jamaica, South Korea
• Languages at home: 71% English-only · Spanish 22% French/Haitian/Cajun 3% Other Indo-European 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: ▼ -200.78%
• Current HPI: 338.6894
• Rent YoY: ▼ -0.79%
• Metro: Orlando-Kissimmee-Sanford, 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

-5.6% since first listed

5 events — show timeline

• 2026-04-15 Relisted — Zillow
• 2026-04-15 Price Changed $84,900 Zillow
• 2026-01-01 Delisted — Zillow
• 2025-11-13 Price Changed $88,900 Zillow
• 2025-10-23 Listed $89,900 Zillow