L-101 Plan · Ormond Beach, FL 32174

$129,900

2 bd · 2.0 ba · 1,201 sqft · SingleFamily · 889 Days on market

Poor condition $560/mo HOA · 31% of rent

---

Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Schools +4.9/10.0
• Livability +4.2/5.0
• Rent growth +2.9/5.0
• Cash flow +2.6/30.0
• 1% rule +2.4/10.0
• Condition / age +1.0/5.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Front Porch Home with full drywall interior. Beautiful curb appeal and interior.

Key facts

• Listed 888 days

🏗️ New construction. The $129,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $242,000.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $130k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $-825 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $123k (5.6% below list).
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 2.2% vs local median 3.9% in Ormond Beach — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: Tomoka Elementary School (math 62% / reading 61%, grade B, #634 of 2,144 statewide, top 30%, 709 students, 50% 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 at 56% FRL track the district average.
• Market conditions: Rents rising (+1.6%/yr); 1349 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals lingering (median 42d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 74% 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).
• This rent runs 30% 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 $7k 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 889 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; HOA is 31% of rent.

Recommended offer $114,312 (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 889 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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.
11. 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.
12. 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: 0.74% ✗
• Cap rate: 2.20%
• Cash-on-cash: -14.61%
• DSCR: 0.35
• GRM: 11.3

CMA / ARV

• ARV (median comp): $242,000
• List price: $129,900
• Delta: -46.32%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
681 Wellington Station Blvd #4	0.25mi	2/2.0	1,000 (-17%)	0mo	$195,000	$195	63
1020 Calle Grande St	1.09mi	2/2.0	1,140 (-5%)	0mo	$242,000	$212	56
1836 Linda Ave	0.92mi	3/1.0 (+1)	1,235 (+3%)	0mo	$210,000	$170	51
1723 Tallahassee Dr	1.40mi	2/1.0	1,111 (-8%)	0mo	$176,000	$158	48
196 Deer Lake Cir	1.11mi	2/2.0	1,331 (+11%)	0mo	$245,000	$184	47
1929 Linda Ave	0.71mi	3/1.5 (+1)	1,300 (+8%)	0mo	$200,000	$154	46
245 Jefferson St	1.42mi	3/1.0 (+1)	1,022 (-15%)	0mo	$155,000	$152	31

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: -46.2%
• Equity multiple: -0.38×
• Total profit: $-93,788
• Equity at exit: $36,083

10-year hold

• IRR: -99.0%
• Equity multiple: -1.32×
• Total profit: $-157,419
• Equity at exit: $20,924

Cash invested: $67,760 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 15 active · 13 under contract
• Months of supply: 45.0 mo (2%/mo absorbed)
• Median asking: $298,000 ($225/sqft)
• Median days on market: 56 d
• This list price: 13% of active listings are priced below it
• ARV vs active asking: -10.4% vs 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: 6.1×

Monthly cashflow live

• Estimated rent: $1,782 high
• Mortgage (P&I): −$1,269
• Tax est. 1.5%: −$302 /mo · $3,630/yr
• Insurance: −$101
• HOA: −$560
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $-825

Break-even live

Break-even rent $2,826

Max offer price $122,633

Occupancy floor —

Sensitivity live

Price	-10% $-658	-5% $-741	+0% $-825	+5% $-909	+10% $-992
Rent	-10% $-966	-5% $-895	+0% $-825	+5% $-755	+10% $-684
Rate	-1.0pp $-703	-0.5pp $-763	base $-825	+0.5pp $-888	+1.0pp $-951

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: $60,500
• Closing costs: $7,260
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
51 Misty Falls Dr Ormond Beach, FL	2.0	2.0	1289	$1,700	$1.32	32d	1	0.20mi
472 Bryant St Ormond Beach, FL	3.0	2.0	1010	$1,750	$1.73	32d	1	0.46mi
11 Greenfern Cir Ormond Beach, FL	3.0	2.0	1216	$1,970	$1.62	32d	1	0.64mi
35 Magnolia Ave Unit 35 Ormond Beach, FL	2.0	2.0	1300	$1,800	$1.38	72d	1	0.78mi
1088 W Granada Blvd Ormond Beach, FL	2.0	2.0	1100	$1,522	$1.38	16d	5	0.96mi
145 Pinion Cir Ormond Beach, FL	3.0	2.0	1473	$2,300	$1.56	41d	1	0.97mi
765 W Granada Blvd Ormond Beach, FL	1.0–3.0	1.0–2.0	1022	$1,148	$1.12	41d	1	1.02mi
450 Tomoka Ave Unit 215 Ormond Beach, FL	2.0	1.5	1150	$1,650	$1.43	41d	1	1.08mi
450 Tomoka Ave Apt 212 Ormond Beach, FL	2.0	1.0	1100	$1,475	$1.34	41d	1	1.08mi
340 Tropical Ln Ormond Beach, FL	2.0	1.0	945	$1,695	$1.79	16d	1	1.09mi
125 S Orchard St Unit 207 Ormond Beach, FL	2.0	1.0	810	$1,240	$1.53	41d	1	1.09mi
410 Sauls St Ormond Beach, FL	3.0	1.0	990	$1,500	$1.52	72d	1	1.11mi
500 Shadow Lakes Blvd Ormond Beach, FL	1.0–2.0	1.0–2.0	856	$1,645	$1.92	15d	18	1.19mi
248 Timberline Trl Ormond Beach, FL	2.0	2.0	712	$1,800	$2.53	16d	1	1.20mi
402 Fleming Ave Ormond Beach, FL	3.0	2.0	1495	$2,335	$1.56	16d	1	1.23mi
1707 Evergreen St Ormond Beach, FL	2.0	1.0	868	$1,750	$2.02	72d	1	1.29mi
5 Timberline Trl Unit C Ormond Beach, FL	3.0	2.0	1476	$2,175	$1.47	31d	1	1.30mi
1435 Atlanta Dr Daytona Beach, FL	3.0	1.0	1200	$1,800	$1.50	72d	1	1.39mi
1235 Alcazar St Daytona Beach, FL	3.0	2.0	1498	$2,100	$1.40	72d	1	1.46mi

Listing history 50 events

1. 2026-08-08
   days on market $129,900 Active 889 DOM
2. 2026-08-07
   days on market $129,900 Active 888 DOM
3. 2026-08-06
   days on market $129,900 Active 887 DOM
4. 2026-08-05
   days on market $129,900 Active 886 DOM
5. 2026-08-04
   days on market $129,900 Active 885 DOM
6. 2026-08-03
   days on market $129,900 Active 884 DOM
7. 2026-07-31
   days on market $129,900 Active 881 DOM
8. 2026-07-30
   days on market $129,900 Active 879 DOM
9. 2026-07-28
   days on market $129,900 Active 878 DOM
10. 2026-07-26
    days on market $129,900 Active 876 DOM
11. 2026-07-25
    days on market $129,900 Active 875 DOM
12. 2026-07-24
    days on market $129,900 Active 874 DOM
13. 2026-07-23
    days on market $129,900 Active 873 DOM
14. 2026-07-22
    days on market $129,900 Active 872 DOM
15. 2026-07-21
    days on market $129,900 Active 871 DOM
16. 2026-07-16
    days on market $129,900 Active 866 DOM
17. 2026-07-16
    days on market $129,900 Active 865 DOM
18. 2026-07-14
    days on market $129,900 Active 864 DOM
19. 2026-07-14
    days on market $129,900 Active 863 DOM
20. 2026-07-12
    days on market $129,900 Active 862 DOM
21. 2026-07-11
    days on market $129,900 Active 861 DOM
22. 2026-07-10
    days on market $129,900 Active 860 DOM
23. 2026-07-09
    days on market $129,900 Active 859 DOM
24. 2026-07-07
    days on market $129,900 Active 857 DOM
25. 2026-07-06
    days on market $129,900 Active 856 DOM
26. 2026-07-05
    days on market $129,900 Active 855 DOM
27. 2026-07-03
    days on market $129,900 Active 853 DOM
28. 2026-07-01
    days on market $129,900 Active 851 DOM
29. 2026-06-30
    days on market $129,900 Active 850 DOM
30. 2026-06-29
    days on market $129,900 Active 849 DOM
31. 2026-06-28
    days on market $129,900 Active 848 DOM
32. 2026-06-28
    days on market $129,900 Active 847 DOM
33. 2026-06-27
    days on market $129,900 Active 846 DOM
34. 2026-06-25
    days on market $129,900 Active 844 DOM
35. 2026-06-23
    days on market $129,900 Active 842 DOM
36. 2026-06-22
    days on market $129,900 Active 841 DOM
37. 2026-06-18
    days on market $129,900 Active 838 DOM
38. 2026-06-17
    days on market $129,900 Active 837 DOM
39. 2026-06-16
    days on market $129,900 Active 836 DOM
40. 2026-06-15
    days on market $129,900 Active 835 DOM
41. 2026-06-14
    days on market $129,900 Active 833 DOM
42. 2026-06-10
    days on market $129,900 Active 830 DOM
43. 2026-06-09
    days on market $129,900 Active 829 DOM
44. 2026-06-08
    days on market $129,900 Active 828 DOM
45. 2026-06-07
    days on market $129,900 Active 827 DOM
46. 2026-06-05
    days on market $129,900 Active 824 DOM
47. 2026-06-03
    days on market $129,900 Active 823 DOM
48. 2026-06-03
    days on market $129,900 Active 822 DOM
49. 2026-06-01
    days on market $129,900 Active 821 DOM
50. 2026-05-31
    days on market $129,900 Active 820 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $21,380
• − Mortgage interest: −$13,556
• − Property taxes: −$3,630
• − Insurance: −$1,210
• − Repairs & maintenance: −$1,710
• − Management: −$1,710
• − HOA: −$6,720
• − Depreciation: −$7,040
• Taxable loss: −$14,197
• Est. tax savings @ 24.0%: +$3,407
• After-tax cash flow: $-6,492/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 · 2 photos

Poor 20/100 Extensive rehab Est. rehab $60,050–$108,090 screening

This property requires extensive repairs and updates to bring it up to a livable condition. Immediate focus should be on the roof, exterior, and interior to ensure structural integrity and improve the home's value.

Repairs flagged

• Major roof — No visible roof details.
• Major exterior siding — No visible siding details.
• Major exterior paint — No visible paint details.
• Major interior walls — No interior wall details.
• Major flooring — No flooring details.
• Major systems — No system details visible.
• Major landscaping — No landscaping details visible.

Value-add opportunities

• Both roof replacement — Critical to the home's structural integrity and appearance. ↑
• Both exterior siding and paint — Improves curb appeal and structural integrity. ↑
• Both interior wall and flooring repairs — Enhances living space and appearance. ↑
• Both system upgrades — Ensures the home is up to current standards and energy-efficient. ↑
• Both landscaping and curb appeal — Enhances the home's overall appearance and appeal to potential buyers/tenants. ↑

ⓘ Rehab cost is a screening estimate — Extensive 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 48/100

Zoned Schools

Elementary Tomoka Elementary School B FL #634/2,144 Nat'l #6,818/41,679 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

• Census place: Ormond Beach, FL
• 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

---

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

3 events — show timeline

• 2025-05-01 Relisted — Zillow
• 2025-05-01 Delisted — Zillow
• 2024-03-02 Listed $129,900 Zillow