308 Navajo Ave · Ormond Beach, FL 32174

$385,000

4 bd · 3.0 ba · 2,447 sqft · SingleFamily public records · 130 Days on market

Built 1965 10,454 sqft lot $75/mo HOA · 2% of rent

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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
• Livability +4.2/5.0
• DSCR +3.9/10.0
• Schools +3.9/10.0
• 1% rule +3.0/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

308 Navajo Avenue | Ormond Beach, FL 32174 This 4-bedroom, 3-bathroom tri-level home offers a flexible layout suited for large families or multi-generational living. This community has a park and Boat ramp to the River available to the residents. The property includes a Thick Gauge Metal Roof an oversized 2-car garage with designated laundry room and workshop off the oversized garage. Located in the heart of Ormond Beach, close to grocery stores, restaurants, hardware stores, coffee shops, and approximately 10 minutes from the beach. Home is located in the county as well. You enter the home on the main level, which includes the formal living room, dining room/Family room, kitchen providing multiple living and gathering areas. Up a short flight of stairs, you'll find the primary bedroom with an ensuite bathroom, featuring dual vanities and separate closets. This level also includes the second and third bedrooms and an additional full bathroom. From the main level, a few steps down lead to the lower level, which includes a family room with a fireplace and plumbing in place for potential water hookups, suitable for a future kitchenette or wet bar. This level also includes the fourth bedroom and a full bathroom, offering separation that can work well for guests, in-laws, or an older household member. Recent improvements include Simonton Impact resistant low E Windows, This made the electric bill much lower, a 2016 heat pump, 2024 air handler and ductwork, 2025 refrigerator, and a water filtration and softener system. The yard includes a variety of established landscaping and fruiting plants, including avocado trees, and a calamondin tree, along with crepe myrtles, orchid tree, copper plant, plumbago, miniature rose bushes, flame vine, Confederate jasmine, firecracker plant, honeysuckle, American beautyberry, amaryllis, and zinnias. With its tri-level layout, multiple living areas, and central Ormond Beach location, 308 Navajo Avenue offers space, flexibility, and convenient access to daily amenities.

Key facts

• Community park
• Tri-level home
• Ensuite bathroom

Tags

• TRI-LEVEL HOME
• COMMUNITY PARK
• BOAT RAMP
• MULTIPLE LIVING AREAS
• ENSUITE BATHROOM
• FAMILY ROOM WITH FIREPLACE

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $385k.

Deal economics

• At list price, monthly cash flow is $-25 ($-304/yr) — negative.
• To cash-flow at today's rent, offer at most $381k (1.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $307k (20.2% below list).
• Recommended offer: $307k (20.2% below list) — sets the bar for 1% rule.
• Cap rate 6.2% 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.
• Market conditions: Rents rising (+1.6%/yr); 985 active listings in the ZIP; 10 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).
• At $3,073/mo this rent would consume 52% of the median local household income ($71k/yr) (locally 1158% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k 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 130 days — a 12% lower offer ($339k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $86k; list at $385k implies a 348% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $307,339 (20.2% 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 130 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.80% ✗
• Cap rate: 6.21%
• Cash-on-cash: -0.28%
• DSCR: 0.99
• GRM: 10.4

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: -18.2%
• Equity multiple: 0.37×
• Total profit: $-68,230
• Equity at exit: $57,405

10-year hold

• IRR: -13.2%
• Equity multiple: 0.27×
• Total profit: $-78,387
• Equity at exit: $33,288

Cash invested: $107,800 (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: 985
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $3,073 high
• Mortgage (P&I): −$2,019
• Tax from tax record: −$199 /mo · $2,387/yr
• Insurance: −$160
• HOA: −$75
• Vacancy / Maint / Mgmt: −$645
• Net cashflow: $-25

Break-even live

Break-even rent $3,105

Max offer price $380,526

Occupancy floor 96%

Sensitivity live

Price	-10% $193	-5% $84	+0% $-25	+5% $-134	+10% $-243
Rent	-10% $-268	-5% $-147	+0% $-25	+5% $96	+10% $217
Rate	-1.0pp $169	-0.5pp $73	base $-25	+0.5pp $-125	+1.0pp $-227

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: $96,250
• Closing costs: $11,550
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
356 Seminole Dr Ormond Beach, FL	4.0	3.0	1604	$3,295	$2.05	15d	1	0.15mi
1 Arrowhead Dr Ormond Beach, FL	5.0	3.0	3061	$4,200	$1.37	24d	1	0.51mi
36 Spring Meadows Dr Ormond Beach, FL	3.0	2.0	2036	$2,700	$1.33	24d	1	0.79mi
322 Oak Fern Cir Ormond Beach, FL	3.0	2.0	2268	$2,750	$1.21	24d	1	0.88mi
145 Green Forest Dr Ormond Beach, FL	3.0	2.0	1625	$2,200	$1.35	24d	1	0.94mi
75 Trailmark Ct Ormond Beach, FL	4.0	3.0	2308	$3,500	$1.52	24d	1	1.33mi
25 Cherokee Trl Ormond Beach, FL	3.0	3.0	2056	$2,600	$1.26	15d	1	1.33mi
67 Brookwood Dr Ormond Beach, FL	3.0	2.0	1602	$2,500	$1.56	24d	1	1.39mi
51 Brookwood Dr Ormond Beach, FL	3.0	2.0	1791	$2,100	$1.17	24d	1	1.41mi
188 Birch Tree Pl Daytona Beach, FL	4.0	2.0	1846	$2,700	$1.46	24d	1	1.45mi

HOA detail

• Monthly dues: $75 · $900/yr
• Likely covers: waterelectriclandscaping

Listing history 17 events

1. 2026-06-18
   days on market $385,000 Active 130 DOM
2. 2026-06-17
   days on market $385,000 Active 129 DOM
3. 2026-06-16
   days on market $385,000 Active 128 DOM
4. 2026-06-15
   days on market $385,000 Active 127 DOM
5. 2026-06-14
   days on market $385,000 Active 125 DOM
6. 2026-06-10
   days on market $385,000 Active 122 DOM
7. 2026-06-09
   days on market $385,000 Active 121 DOM
8. 2026-06-08
   days on market $385,000 Active 120 DOM
9. 2026-06-07
   days on market $385,000 Active 119 DOM
10. 2026-06-05
    days on market $385,000 Active 116 DOM
11. 2026-06-03
    days on market $385,000 Active 115 DOM
12. 2026-06-03
    days on market $385,000 Active 114 DOM
13. 2026-06-01
    days on market $385,000 Active 113 DOM
14. 2026-05-31
    days on market $385,000 Active 112 DOM
15. 2026-05-31
    pricedays on market $385,000 Active 111 DOM
16. 2026-02-09
    listed $395,000 Active 2035-char remark

    Show marketing remark (2035 chars)

    308 Navajo Avenue | Ormond Beach, FL 32174 This 4-bedroom, 3-bathroom tri-level home offers a flexible layout suited for large families or multi-generational living. This community has a park and Boat ramp to the River available to the residents. The property includes a Thick Gauge Metal Roof an oversized 2-car garage with designated laundry room and workshop off the oversized garage. Located in the heart of Ormond Beach, close to grocery stores, restaurants, hardware stores, coffee shops, and approximately 10 minutes from the beach. Home is located in the county as well. You enter the home on the main level, which includes the formal living room, dining room/Family room, kitchen providing multiple living and gathering areas. Up a short flight of stairs, you'll find the primary bedroom with an ensuite bathroom, featuring dual vanities and separate closets. This level also includes the second and third bedrooms and an additional full bathroom. From the main level, a few steps down lead to the lower level, which includes a family room with a fireplace and plumbing in place for potential water hookups, suitable for a future kitchenette or wet bar. This level also includes the fourth bedroom and a full bathroom, offering separation that can work well for guests, in-laws, or an older household member. Recent improvements include Simonton Impact resistant low E Windows, This made the electric bill much lower, a 2016 heat pump, 2024 air handler and ductwork, 2025 refrigerator, and a water filtration and softener system. The yard includes a variety of established landscaping and fruiting plants, including avocado trees, and a calamondin tree, along with crepe myrtles, orchid tree, copper plant, plumbago, miniature rose bushes, flame vine, Confederate jasmine, firecracker plant, honeysuckle, American beautyberry, amaryllis, and zinnias. With its tri-level layout, multiple living areas, and central Ormond Beach location, 308 Navajo Avenue offers space, flexibility, and convenient access to daily amenities.

17. 1986-08-01
    soldstatus $86,000

ⓘ 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: $2,387 · $199/mo
• Projected year-2 tax: $3,196 · $266/mo
• Expected delta: +$809/yr (+$67/mo · 33.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 6 d/yr ≥106°F today · 17 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: $36,881
• − Mortgage interest: −$21,566
• − Property taxes: −$2,387
• − Insurance: −$1,925
• − Repairs & maintenance: −$2,950
• − Management: −$2,950
• − HOA: −$900
• − Depreciation: −$11,200
• Taxable loss: −$6,998
• Est. tax savings @ 24.0%: +$1,680
• After-tax cash flow: $1,376/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

• 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

+359.3% since first listed

2 events — show timeline

• 2026-02-09 Listed $395,000 Daytona MLS
• 1986-08-01 Sold (Public Records) $86,000 Public Records

Property tax history

+0.8%/yr

Latest (2025): $2,387 · -1.6% YoY. Source: county tax records.