311 N Janice Ln · Ormond Beach, FL 32174

$265,000

3 bd · 2.0 ba · 2,025 sqft · Manufactured public records · 272 Days on market

Built 2008 0.50 ac lot

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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 +22.9/30.0
• ARV discount +7.5/15.0
• DSCR +7.4/10.0
• 1% rule +5.0/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This spacious 3-bedroom, 2-bath will not disappoint. On ½ acre property, there is plenty of space to accommodate a home-based business. The 2,025 square feet of living space has many opportunities for a large family. The flex room may be used as a 4th bedroom or office. The master bedroom is very spacious with master bath and garden tub. The bedroom also includes a sitting area for hobbies or gym equipment. Ceiling fans in all the rooms. The front screen porch is ideal for those lovely evening chats with family, and the back- covered porch leads to a completely fenced yard, perfect for children or dogs to run and play. Property has a security system and a Culligan water purification system in place. Plenty of space to park an RV or boat. Close proximity to I-95 and shopping. Come to see this great opportunity before it's gone!

Key facts

• Fenced yard
• Space to park rv
• Flex room

Tags

• FLEX ROOM
• GARDEN TUB
• SITTING AREA
• SCREEN PORCH
• FENCED YARD
• SPACE TO PARK RV

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $265k.

Deal economics

• At list price, monthly cash flow is $342 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $264k (0.5% below list).
• Recommended offer: $233k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 45% 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 $2k of loan paydown is wiped out by about $8k 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 272 days — a 12% lower offer ($233k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 14y ago; this cycle's ask has dropped $20k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $62k; list at $265k implies a 327% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); 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 $233,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 272 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.00% ✗
• Cap rate: 8.41%
• Cash-on-cash: 7.56%
• DSCR: 1.34
• GRM: 8.4

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: -9.2%
• Equity multiple: 0.67×
• Total profit: $-24,735
• Equity at exit: $39,512

10-year hold

• IRR: -1.6%
• Equity multiple: 0.90×
• Total profit: $-7,771
• Equity at exit: $22,912

Cash invested: $74,200 (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: 8.4×

Monthly cashflow live

• Estimated rent: $2,638 high
• Mortgage (P&I): −$1,390
• Tax from tax record: −$117 /mo · $1,401/yr
• Insurance: −$110
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$554
• Net cashflow: $342

Break-even live

Break-even rent $2,205

Max offer price $265,000

Occupancy floor 82%

Sensitivity live

Price	-10% $492	-5% $417	+0% $342	+5% $267	+10% $192
Rent	-10% $134	-5% $238	+0% $342	+5% $446	+10% $550
Rate	-1.0pp $475	-0.5pp $409	base $342	+0.5pp $273	+1.0pp $203

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
322 Oak Fern Cir Ormond Beach, FL	3.0	2.0	2268	$2,750	$1.21	24d	1	0.80mi
298 Sunset Point Dr Ormond Beach, FL	4.0	2.0	1846	$2,495	$1.35	24d	1	0.83mi
356 Seminole Dr Ormond Beach, FL	4.0	3.0	1604	$3,295	$2.05	15d	1	1.05mi
21 Pergola Pl Ormond Beach, FL	3.0	2.5	2529	$3,395	$1.34	3d	1	1.12mi
100 Hamilton Cir Ormond Beach, FL	1.0–3.0	1.0–2.0	1134	$1,929	$1.70	12d	46	1.26mi
123 Pergola Pl Unit 1546506P Ormond Beach, FL	3.0	2.0	1593	$2,029	$1.27	15d	1	1.34mi

Listing history 28 events

1. 2026-06-18
   days on market $265,000 Active 272 DOM
2. 2026-06-17
   days on market $265,000 Active 271 DOM
3. 2026-06-16
   days on market $265,000 Active 270 DOM
4. 2026-06-15
   days on market $265,000 Active 269 DOM
5. 2026-06-14
   days on market $265,000 Active 267 DOM
6. 2026-06-10
   days on market $265,000 Active 264 DOM
7. 2026-06-09
   days on market $265,000 Active 263 DOM
8. 2026-06-08
   days on market $265,000 Active 262 DOM
9. 2026-06-07
   days on market $265,000 Active 261 DOM
10. 2026-06-05
    days on market $265,000 Active 258 DOM
11. 2026-06-03
    days on market $265,000 Active 257 DOM
12. 2026-06-03
    days on market $265,000 Active 256 DOM
13. 2026-06-01
    days on market $265,000 Active 255 DOM
14. 2026-05-31
    days on market $265,000 Active 254 DOM
15. 2026-05-31
    pricedays on market $265,000 Active 253 DOM
16. 2026-03-09
    price $275,000 845-char remark

    Show marketing remark (845 chars)

    This spacious 3-bedroom, 2-bath will not disappoint. On ½ acre property, there is plenty of space to accommodate a home-based business. The 2,025 square feet of living space has many opportunities for a large family. The flex room may be used as a 4th bedroom or office. The master bedroom is very spacious with master bath and garden tub. The bedroom also includes a sitting area for hobbies or gym equipment. Ceiling fans in all the rooms. The front screen porch is ideal for those lovely evening chats with family, and the back- covered porch leads to a completely fenced yard, perfect for children or dogs to run and play. Property has a security system and a Culligan water purification system in place. Plenty of space to park an RV or boat. Close proximity to I-95 and shopping. Come to see this great opportunity before it's gone!

17. 2025-09-19
    listed $285,000 Active 845-char remark

    Show marketing remark (845 chars)

    This spacious 3-bedroom, 2-bath will not disappoint. On ½ acre property, there is plenty of space to accommodate a home-based business. The 2,025 square feet of living space has many opportunities for a large family. The flex room may be used as a 4th bedroom or office. The master bedroom is very spacious with master bath and garden tub. The bedroom also includes a sitting area for hobbies or gym equipment. Ceiling fans in all the rooms. The front screen porch is ideal for those lovely evening chats with family, and the back- covered porch leads to a completely fenced yard, perfect for children or dogs to run and play. Property has a security system and a Culligan water purification system in place. Plenty of space to park an RV or boat. Close proximity to I-95 and shopping. Come to see this great opportunity before it's gone!

18. 2014-02-07
    soldstatus $62,000 1057-char remark

    Show marketing remark (1057 chars)

    Wow look at this 2008 built 3BR/2BTH manufactured home on almost half an acre. Over 2000 sq ft under air, this move in ready home features formal living & dining rooms, large eat in kitchen open to family room, split bedrooms, inside laundry room. Large master suite features HUGE bedroom, 10 deep walk in closet plus suite style bathroom with double vanities, separate corner garden tub & shower stall. This home is in move in condition! No homeowners association to deal with so bring the family and all your toys! Plenty of room for boat or RV parking! Close to shopping, banks, parks, I-95 and restaurants. Seller to pay flat $1500 in seller concessions for primary residence buyers only. All information taken from the tax roll and deemed reliable but not guaranteed. d all your toys! Plenty of room for boat or RV parking! Close to shopping, banks, parks, I-95 and restaurants. Seller to pay flat $1500 in seller concessions for primary residence buyers only. All information taken from the tax roll and deemed reliable but not guaranteed.

19. 2013-09-19
    soldstatus $62,000
20. 2013-09-16
    soldstatus $62,000
21. 2013-09-16
    soldstatus $62,000
22. 2013-09-16
    soldstatus $62,000
23. 2013-04-17
    listed $67,900
24. 2013-04-17
    listed $67,900
25. 2013-04-16
    listed $67,900 1057-char remark

    Show marketing remark (1057 chars)

    Wow look at this 2008 built 3BR/2BTH manufactured home on almost half an acre. Over 2000 sq ft under air, this move in ready home features formal living & dining rooms, large eat in kitchen open to family room, split bedrooms, inside laundry room. Large master suite features HUGE bedroom, 10 deep walk in closet plus suite style bathroom with double vanities, separate corner garden tub & shower stall. This home is in move in condition! No homeowners association to deal with so bring the family and all your toys! Plenty of room for boat or RV parking! Close to shopping, banks, parks, I-95 and restaurants. Seller to pay flat $1500 in seller concessions for primary residence buyers only. All information taken from the tax roll and deemed reliable but not guaranteed. d all your toys! Plenty of room for boat or RV parking! Close to shopping, banks, parks, I-95 and restaurants. Seller to pay flat $1500 in seller concessions for primary residence buyers only. All information taken from the tax roll and deemed reliable but not guaranteed.

26. 2013-04-16
    listed $67,900

    Show marketing remark (1057 chars)

    Wow look at this 2008 built 3BR/2BTH manufactured home on almost half an acre. Over 2000 sq ft under air, this move in ready home features formal living & dining rooms, large eat in kitchen open to family room, split bedrooms, inside laundry room. Large master suite features HUGE bedroom, 10 deep walk in closet plus suite style bathroom with double vanities, separate corner garden tub & shower stall. This home is in move in condition! No homeowners association to deal with so bring the family and all your toys! Plenty of room for boat or RV parking! Close to shopping, banks, parks, I-95 and restaurants. Seller to pay flat $1500 in seller concessions for primary residence buyers only. All information taken from the tax roll and deemed reliable but not guaranteed. d all your toys! Plenty of room for boat or RV parking! Close to shopping, banks, parks, I-95 and restaurants. Seller to pay flat $1500 in seller concessions for primary residence buyers only. All information taken from the tax roll and deemed reliable but not guaranteed.

27. 2012-05-10
    listed $69,900
28. 1988-03-01
    soldstatus $38,000

ⓘ 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: $1,401 · $117/mo
• Projected year-2 tax: $2,200 · $183/mo
• Expected delta: +$799/yr (+$67/mo · 57.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone A · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°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: $31,657
• − Mortgage interest: −$14,844
• − Property taxes: −$1,401
• − Insurance: −$2,828
• − Repairs & maintenance: −$2,533
• − Management: −$2,533
• − Depreciation: −$7,709
• Taxable loss: −$190
• Est. tax savings @ 24.0%: +$46
• After-tax cash flow: $4,150/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

+623.7% since first listed

13 events — show timeline

• 2026-03-09 Price Changed $275,000 Daytona MLS
• 2025-09-19 Listed $285,000 Daytona MLS
• 2014-02-07 Sold (MLS) $62,000 Daytona MLS
• 2013-09-19 Sold (Public Records) $62,000 Public Records
• 2013-09-16 Sold (MLS) $62,000 Stellar MLS as Distributed by MLS Grid
• 2013-09-16 Sold (MLS) $62,000 Stellar MLS as Distributed by MLS Grid
• 2013-09-16 Sold (MLS) $62,000 NSBMLS
• 2013-04-17 Listed $67,900 Stellar MLS as Distributed by MLS Grid
• 2013-04-17 Listed $67,900 NSBMLS
• 2013-04-16 Listed $67,900 Stellar MLS as Distributed by MLS Grid
• 2013-04-16 Listed $67,900 Daytona MLS
• 2012-05-10 Listed $69,900 Daytona MLS
• 1988-03-01 Sold (Public Records) $38,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $1,401 · +2.6% YoY. Source: county tax records.