1300 Hand Ave Unit 5F · Ormond Beach, FL 32174

$79,900

3 bd · 2.0 ba · 1,128 sqft · Manufactured · 116 Days on market

Manufactured home Built 2026 Good condition $71/sqft · 33% below area Est $120k · 33% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.2/5.0
• Condition / age +4.0/5.0
• Schools +3.7/10.0
• Rent growth +2.9/5.0
• Appreciation +2.5/10.0
• Manufactured-home adj. -6.6

Listing remarks

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

• 2 parking spots
• Built 2026
• Listed 115 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $80k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $664 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $73k (9.0% below list) — sets the bar for market timing.
• Cap rate 16.3% 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: Westside Elementary School (math 29% / reading 26%, grade F, #1,962 of 2,144 statewide, top 92%, 636 students, 83% 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 average 66% FRL vs 51% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.6%/yr); 1349 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals lingering (median 61d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 68% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 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 + 1.6% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 116 days — a 9% lower offer ($73k) is reasonable based on typical stale-listing flexibility.

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 $72,709 (9.0% below list)

Questions for the listing agent

1. It's been on market 116 days. Have you received any prior offers? Is the seller open to a 9% 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. 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?
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: 1.93% ✓
• Cap rate: 16.27%
• Cash-on-cash: 35.62%
• DSCR: 2.59
• GRM: 4.3

CMA / ARV

• ARV (median comp): $120,000
• List price: $79,900
• Delta: -33.42%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
681 Wellington Station Blvd #4	0.31mi	2/2.0 (-1)	1,000 (-11%)	0mo	$195,000	$195	62
1020 Calle Grande St	0.85mi	2/2.0 (-1)	1,140 (+1%)	0mo	$242,000	$212	58
1513 Heritage Ln	1.36mi	3/2.0	1,081 (-4%)	0mo	$132,000	$122	58
1929 Linda Ave	0.35mi	3/1.5	1,300 (+15%)	0mo	$200,000	$154	57
1836 Linda Ave	0.50mi	3/1.0	1,235 (+10%)	0mo	$210,000	$170	57
1723 Tallahassee Dr	0.91mi	2/1.0 (-1)	1,111 (-2%)	0mo	$176,000	$158	53
13 Highridge Rd	1.47mi	3/2.0	1,326 (+18%)	0mo	$244,000	$184	40
1238 Alcazar St	0.97mi	4/2.0 (+1)	1,276 (+13%)	0mo	$262,000	$205	38
196 Deer Lake Cir	1.40mi	2/2.0 (-1)	1,331 (+18%)	0mo	$245,000	$184	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: 29.7%
• Equity multiple: 2.22×
• Total profit: $27,297
• Equity at exit: $11,913

10-year hold

• IRR: 36.3%
• Equity multiple: 4.13×
• Total profit: $70,033
• Equity at exit: $6,908

Cash invested: $22,372 (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 →

Active competition Active MLS

• For sale now: 42 active
• Median asking: $35,400 ($31/sqft)
• Median days on market: 1 d
• This list price: 74% of active listings are priced below it
• ARV vs active asking: +238.0% above 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: 4.3×

Monthly cashflow live

• Estimated rent: $1,540 high
• Mortgage (P&I): −$419
• Tax est. 1.5%: −$100 /mo · $1,198/yr
• Insurance: −$33
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$323
• Net cashflow: $664

Break-even live

Break-even rent $699

Max offer price $79,900

Occupancy floor 52%

Sensitivity live

Price	-10% $719	-5% $692	+0% $664	+5% $637	+10% $609
Rent	-10% $543	-5% $603	+0% $664	+5% $725	+10% $786
Rate	-1.0pp $704	-0.5pp $684	base $664	+0.5pp $643	+1.0pp $622

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: $19,975
• Closing costs: $2,397
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
472 Bryant St Ormond Beach, FL	3.0	2.0	1010	$1,750	$1.73	32d	1	0.47mi
51 Misty Falls Dr Ormond Beach, FL	2.0	2.0	1289	$1,700	$1.32	32d	1	0.51mi
11 Greenfern Cir Ormond Beach, FL	3.0	2.0	1216	$1,970	$1.62	32d	1	0.66mi
1767 Valencia Ave Ormond Beach, FL	4.0	2.0	1216	$2,100	$1.73	72d	1	0.66mi
1420 Alabama Ave Daytona Beach, FL	4.0	2.0	1367	$1,824	$1.33	68d	1	0.78mi
1435 Atlanta Dr Daytona Beach, FL	3.0	1.0	1200	$1,800	$1.50	72d	1	0.89mi
1707 Evergreen St Ormond Beach, FL	2.0	1.0	868	$1,750	$2.02	72d	1	0.95mi
1235 Alcazar St Daytona Beach, FL	3.0	2.0	1498	$2,100	$1.40	72d	1	1.00mi
1615 Derbyshire Rd Daytona Beach, FL	3.0	1.5	1000	$1,950	$1.95	63d	1	1.05mi
108 San Mardeen Ct Daytona Beach, FL	3.0	2.0	1500	$2,650	$1.77	72d	1	1.11mi
1512 Richmond Ave Unit 1546284P Daytona Beach, FL	3.0	2.0	1173	$3,226	$2.75	63d	1	1.13mi
1681 Spring Garden Ct Holly Hill, FL	2.0	2.0	1008	$1,600	$1.59	16d	1	1.18mi
1088 W Granada Blvd Ormond Beach, FL	2.0	2.0	1100	$1,522	$1.38	16d	5	1.23mi
35 Magnolia Ave Unit 35 Ormond Beach, FL	2.0	2.0	1300	$1,800	$1.38	72d	1	1.27mi
410 Sauls St Ormond Beach, FL	3.0	1.0	990	$1,500	$1.52	72d	1	1.34mi
1575 Megan Bay Cir Holly Hill, FL	3.0	2.0	1232	$1,700	$1.38	16d	1	1.36mi
340 Tropical Ln Ormond Beach, FL	2.0	1.0	945	$1,695	$1.79	16d	1	1.37mi
402 Fleming Ave Ormond Beach, FL	3.0	2.0	1495	$2,335	$1.56	16d	1	1.38mi
1559 Hammock Dr Unit B Holly Hill, FL	2.0	1.5	1100	$1,295	$1.18	16d	1	1.41mi
1571 Hancock Ln Holly Hill, FL	2.0	1.0	921	$1,350	$1.47	16d	1	1.44mi
1563 Hancock Ln Daytona Beach, FL	2.0	2.0	912	$1,475	$1.62	60d	1	1.45mi
145 Pinion Cir Ormond Beach, FL	3.0	2.0	1473	$2,300	$1.56	41d	1	1.47mi

Property features AI

Finance

• Financial info: Spec inventory typePlan name 24403B A3Listing status: ActiveList price: 84900

Exterior

• Parking: 2 parking spaces
• Utilities: Has heating
• Home design: Condominium unitLiving area approximately 1128
• Exterior features: Shake roof

Interior

• Kitchen: Includes dishwasher and refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heatingOther heating
• Interior features: DishwasherRefrigerator

Listing history 50 events

1. 2026-08-08
   days on market $79,900 Active 116 DOM
2. 2026-08-07
   days on market $79,900 Active 115 DOM
3. 2026-08-06
   days on market $79,900 Active 114 DOM
4. 2026-08-05
   days on market $79,900 Active 113 DOM
5. 2026-08-04
   days on market $79,900 Active 112 DOM
6. 2026-08-03
   days on market $79,900 Active 111 DOM
7. 2026-07-31
   days on market $79,900 Active 108 DOM
8. 2026-07-30
   days on market $79,900 Active 106 DOM
9. 2026-07-28
   days on market $79,900 Active 105 DOM
10. 2026-07-26
    days on market $79,900 Active 103 DOM
11. 2026-07-25
    days on market $79,900 Active 102 DOM
12. 2026-07-24
    days on market $79,900 Active 101 DOM
13. 2026-07-23
    days on market $79,900 Active 100 DOM
14. 2026-07-22
    days on market $79,900 Active 99 DOM
15. 2026-07-21
    pricedays on market $79,900 Active 98 DOM
16. 2026-07-16
    days on market $81,900 Active 93 DOM
17. 2026-07-16
    days on market $81,900 Active 92 DOM
18. 2026-07-14
    days on market $81,900 Active 91 DOM
19. 2026-07-14
    days on market $81,900 Active 90 DOM
20. 2026-07-12
    days on market $81,900 Active 89 DOM
21. 2026-07-11
    days on market $81,900 Active 88 DOM
22. 2026-07-10
    days on market $81,900 Active 87 DOM
23. 2026-07-09
    days on market $81,900 Active 86 DOM
24. 2026-07-07
    days on market $81,900 Active 84 DOM
25. 2026-07-06
    days on market $81,900 Active 83 DOM
26. 2026-07-05
    days on market $81,900 Active 82 DOM
27. 2026-07-03
    days on market $81,900 Active 80 DOM
28. 2026-07-01
    days on market $81,900 Active 78 DOM
29. 2026-06-30
    days on market $81,900 Active 77 DOM
30. 2026-06-29
    days on market $81,900 Active 76 DOM
31. 2026-06-28
    days on market $81,900 Active 75 DOM
32. 2026-06-28
    days on market $81,900 Active 74 DOM
33. 2026-06-27
    days on market $81,900 Active 73 DOM
34. 2026-06-25
    days on market $81,900 Active 71 DOM
35. 2026-06-23
    days on market $81,900 Active 69 DOM
36. 2026-06-22
    days on market $81,900 Active 68 DOM
37. 2026-06-19
    price $81,900 Active 65 DOM
38. 2026-06-18
    days on market $84,900 Active 65 DOM
39. 2026-06-17
    days on market $84,900 Active 64 DOM
40. 2026-06-16
    days on market $84,900 Active 63 DOM
41. 2026-06-15
    days on market $84,900 Active 62 DOM
42. 2026-06-14
    days on market $84,900 Active 60 DOM
43. 2026-06-10
    days on market $84,900 Active 57 DOM
44. 2026-06-09
    days on market $84,900 Active 56 DOM
45. 2026-06-08
    days on market $84,900 Active 55 DOM
46. 2026-06-07
    days on market $84,900 Active 54 DOM
47. 2026-06-05
    days on market $84,900 Active 51 DOM
48. 2026-06-03
    days on market $84,900 Active 50 DOM
49. 2026-06-03
    days on market $84,900 Active 49 DOM
50. 2026-06-01
    days on market $84,900 Active 48 DOM

ⓘ 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: $18,476
• − Mortgage interest: −$4,476
• − Property taxes: −$1,198
• − Insurance: −$400
• − Repairs & maintenance: −$1,478
• − Management: −$1,478
• − Depreciation: −$2,324
• Taxable income: $7,122
• Est. tax owed @ 24.0%: −$1,709
• After-tax cash flow: $6,261/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 Est. rehab $5,640–$16,920 screening

This Cavco 24403B Stretch model is in good condition with a clean and well-maintained exterior and interior. It offers a spacious floor plan and modern finishes, making it an attractive option for both resale and rental markets.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — A well-maintained yard can increase both resale and rental value. ↑
• Both HVAC maintenance — A clean and efficient HVAC system improves comfort and energy efficiency, boosting both resale and rental value. ↑
• Both Kitchen appliances maintenance — Regular maintenance ensures appliances continue to function efficiently, enhancing both resale and rental value. ↑

ⓘ 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 37/100

Zoned Schools

Elementary Westside Elementary School F FL #1,962/2,144 Nat'l #28,299/41,679 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

• 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

Property features AI

Finance

• Financial info: Spec inventory typePlan name 24403B A3Listing status: ActiveList price: 84900

Exterior

• Parking: 2 parking spaces
• Utilities: Has heating
• Home design: Condominium unitLiving area approximately 1128
• Exterior features: Shake roof

Interior

• Kitchen: Includes dishwasher and refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heatingOther heating
• Interior features: DishwasherRefrigerator