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935 Ocean Shore Blvd #217
F Composite 34.12
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 +10.1/15.0
  • Schools +5.1/10.0
  • Livability +4.2/5.0
  • Condition / age +4.0/5.0
  • Rent growth +3.8/5.0
  • 1% rule +3.7/10.0
  • Cash flow +3.2/30.0
  • DSCR +0.0/10.0
  • Appreciation +0.0/10.0

$305,000

935 Ocean Shore Blvd #217 · Ormond Beach, FL 32176
1 bd · 1.0 ba · 924 sqft · Condo · 121 Days on market
Built 1973 Good condition $330/sqft · 6% below area Est $324k · 6% under $935/mo HOA · 35% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Enjoy ocean views from this beautifully updated 1BR/1BA condo in Ormond Beach. This light-filled unit features coastal-inspired finishes, exposed wood beam ceilings, plantation shutters, and beautiful flooring throughout. The kitchen offers stone countertops, subway tile backsplash, stainless appliances, and ample cabinetry. Spacious living area opens to a private balcony overlooking the ocean and pool perfect for relaxing and enjoying the sea breeze. The oversized bedroom provides flexible space for additional sleeping or sitting area. Updated bath includes a walk-in glass shower and modern vanity. Community amenities include oceanfront pool, beach access, and assigned parking.

Key facts

  • Stone countertops
  • Ample cabinetry
  • Stainless appliances

Tags

COASTAL INSPIRED FINISHESEXPOSED WOOD BEAM CEILINGSSTONE COUNTERTOPSSUBWAY TILE BACKSPLASHSTAINLESS APPLIANCESAMPLE CABINETRY

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 1-bed/1.0-bath condo listed at $305k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-957 ($-11k/yr) — negative.
  • To cash-flow at today's rent, offer at most $166k (45.4% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $264k (13.4% below list).
  • Recommended offer: $166k (45.4% below list) — sets the bar for cash-flow.
  • Cap rate 2.5% 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: Beachside Elementary School (math 57% / reading 52%, grade C, #892 of 2,144 statewide, top 44%, 556 students, 66% FRL); Ormond Beach Middle School (math 57% / reading 55%, grade B-, #175 of 571 statewide, top 31%, 990 students, 48% FRL); Seabreeze High School (math 31% / reading 56%, grade F, #248 of 667 statewide, top 38%, 1,654 students, 41% FRL) — zoned schools at 52% FRL track the district average.
  • Market conditions: Rents rising fast (+5.2%/yr); 479 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 81% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,402 units permitted in Volusia County in 2024 (681 in 5+ unit buildings).
  • This rent runs 40% of the median local income ($78k/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 $9k 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 121 days — a 12% lower offer ($268k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: HOA is 35% of rent.
  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $166,494 (45.4% 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 121 days. Have you received any prior offers? Is the seller open to a 45% concession, seller financing, or rate buy-down credit?
  3. Built in 1973 — 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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
0.87%
Cap rate
2.53%
Cash-on-cash
-13.45%
DSCR
0.40
GRM
9.6

CMA / ARV

ARV (median comp)
$324,000
List price
$305,000
Delta
-5.86%
Verdict
FAIR
Comps
2 within 2.0 mi
Show comp detail 8 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
815 Ocean Shore Blvd Unit U1A 0.16mi 2/2.0 (+1) 1,020 (+10%) 0mo $415,000 $407 66
915 Ocean Shore Blvd #1080 0.05mi 2/2.0 (+1) 1,175 (+27%) 0mo $510,000 $434 64
915 Ocean Shore Blvd #108 0.05mi 2/2.0 (+1) 1,175 (+27%) 0mo $510,000 $434 63
6 Tropical Dr 0.55mi 2/1.0 (+1) 974 (+5%) 0mo $320,000 $329 60
55 Vining Ct #206 1.77mi 2/1.5 (+1) 930 (+1%) 0mo $138,000 $148 56
1 Beechwood Dr 1.13mi 2/1.0 (+1) 880 (-5%) 0mo $282,500 $321 52
1926 Ocean Shore Blvd #1020 2.04mi 2/2.0 (+1) 1,175 (+27%) 0mo $243,500 $207 31
1926 Ocean Shore Blvd #102 2.06mi 2/2.0 (+1) 1,175 (+27%) 0mo $243,500 $207 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 · 5.22% rent growth · sell at horizon

5-year hold
IRR
-37.1%
Equity multiple
-0.21×
Total profit
$-103,745
Equity at exit
$45,476
10-year hold
IRR
-32.5%
Equity multiple
-0.64×
Total profit
$-140,460
Equity at exit
$26,371

Cash invested: $85,400 (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.

ZIP-level market 32176

Rents YoY
5.2%
Active inventory
479
Price-to-rent
9.6×

Monthly cashflow live

Estimated rent
$2,640 high interval (Pro) →
Mortgage (P&I)
$1,599
Tax est. 1.5%
$381 /mo · $4,575/yr
Insurance
$127
HOA
$935
Vacancy / Maint / Mgmt
$554
Net cashflow
$-957

Break-even live

Break-even rent $3,852
Max offer price $166,494
Occupancy floor

Sensitivity live

Price -10% $-746 -5% $-852 +0% $-957 +5% $-1,063 +10% $-1,168
Rent -10% $-1,166 -5% $-1,061 +0% $-957 +5% $-853 +10% $-749
Rate -1.0pp $-804 -0.5pp $-880 base $-957 +0.5pp $-1,036 +1.0pp $-1,117

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
$76,250
Closing costs
$9,150
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 27 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
815 Ocean Shore Blvd Unit 10B Ormond Beach, FL 2.0 2.5 1020 $2,700 $2.65 16d 1 0.10mi
815 Ocean Shore Blvd Unit 13A Ormond Beach, FL 2.0 2.5 1020 $3,000 $2.94 72d 1 0.10mi
815 Ocean Shore Blvd Unit 5B Ormond Beach, FL 2.0 2.5 1020 $2,850 $2.79 72d 1 0.10mi
815 Ocean Shore Blvd Unit 10B Ormond Beach, FL 2.0 2.5 1020 $2,700 $2.65 72d 1 0.10mi
815 Ocean Shore Blvd Unit U1B Ormond Beach, FL 2.0 2.5 1020 $3,200 $3.14 16d 1 0.12mi
815 Ocean Shore Blvd Unit 12A Ormond Beach, FL 2.0 2.5 1020 $2,900 $2.84 72d 1 0.12mi
815 Ocean Shore Blvd Unit 12 Ormond Beach, FL 2.0 2.0 1020 $2,800 $2.75 72d 1 0.12mi
815 Ocean Shore Blvd Unit 13B Ormond Beach, FL 2.0 2.5 1020 $2,800 $2.75 72d 1 0.12mi
815 Ocean Shore Blvd Unit 9B Ormond Beach, FL 2.0 2.5 1020 $2,800 $2.75 16d 1 0.12mi
815 Ocean Shore Blvd Unit 13 Ormond Beach, FL 2.0 2.0 1020 $3,200 $3.14 72d 1 0.12mi
815 Ocean Shore Blvd Unit 1B Ormond Beach, FL 2.0 2.5 1020 $3,100 $3.04 72d 1 0.12mi
815 Ocean Shore Blvd Unit 11 Ormond Beach, FL 2.0 2.0 1020 $3,100 $3.04 72d 1 0.12mi
815 Ocean Shore Blvd Unit 6 Ormond Beach, FL 2.0 2.0 1020 $3,000 $2.94 72d 1 0.12mi
3 River Dr Ormond Beach, FL 2.0 1.0 888 $1,850 $2.08 41d 1 0.42mi
1133 Ocean Shore Blvd #702 Ormond Beach, FL 2.0 2.0 1065 $3,250 $3.05 72d 1 0.48mi
36 Brooks Dr Ormond Beach, FL 2.0 2.0 868 $1,800 $2.07 16d 1 0.55mi
60 River Dr Ormond Beach, FL 2.0 2.0 700 $1,900 $2.71 68d 1 0.62mi
10 Lynnhurst Dr Ormond Beach, FL 2.0 1.5 1000 $1,750 $1.75 72d 1 0.68mi
125 Lynnhurst Dr Ormond Beach, FL 2.0 2.0 990 $2,800 $2.83 72d 1 0.84mi
1415 Ocean Shore Blvd Ormond Beach, FL 1.0–2.0 1.0–2.0 1031 $1,995 $1.94 32d 1 1.03mi
43 Alamanda Dr Ormond Beach, FL 2.0 2.0 1110 $2,000 $1.80 16d 1 1.04mi
1510 Ocean Shore Blvd #3120 Ormond Beach, FL 2.0 1.0 891 $850 $0.95 41d 1 1.24mi
1510 Ocean Shore Blvd #4020 Ormond Beach, FL 2.0 1.0 891 $1,650 $1.85 72d 1 1.24mi
19 River Shore Dr Ormond Beach, FL 2.0 1.5 924 $1,995 $2.16 41d 1 1.32mi
43 Seaview Dr Ormond Beach, FL 2.0 1.0 1001 $1,995 $1.99 68d 1 1.34mi
27 Ocean Shore Dr Ormond Beach, FL 2.0 1.0 956 $1,760 $1.84 72d 1 1.38mi
62 River Shore Dr Ormond Beach, FL 2.0 1.0 882 $2,650 $3.00 72d 1 1.48mi

Property features AI

Finance

Other
Heated in-ground pool
HOA & community
Homeowners association with monthly feeMonthly association fee: $935Association amenities include elevator(s), pool, and storageAssociation fee covers cable TV, internet, insurance, grounds and structure maintenance, pest control, sewer, trash, and water

Exterior

Parking
Assigned parking
Utilities
Public waterPublic sewerElectricity connectedCable available and connected
Home design
CondominiumResidential propertyFaces northeastEntry on level 24-story building
Construction
Block and concrete constructionBlock foundation
Exterior features
BalconyPorchOceanfront waterfrontWaterfront viewPaved road access

Interior

Kitchen
RefrigeratorMicrowaveElectric Range
Bathrooms
1 full bathroom
Heating & cooling
Central heatingCentral air conditioning
Interior features
Elevator
Laundry & utility
In-unit washerIn-unit dryer

HOA detail $935/mo · $11,220/yr condo

Likely covers
poolparking
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-08-08
    days on market $305,000 Active 121 DOM
  2. 2026-08-07
    days on market $305,000 Active 120 DOM
  3. 2026-08-06
    days on market $305,000 Active 119 DOM
  4. 2026-08-05
    days on market $305,000 Active 118 DOM
  5. 2026-08-04
    days on market $305,000 Active 117 DOM
  6. 2026-08-03
    days on market $305,000 Active 116 DOM
  7. 2026-07-31
    days on market $305,000 Active 113 DOM
  8. 2026-07-30
    days on market $305,000 Active 111 DOM
  9. 2026-07-28
    days on market $305,000 Active 110 DOM
  10. 2026-07-26
    days on market $305,000 Active 108 DOM
  11. 2026-07-25
    days on market $305,000 Active 107 DOM
  12. 2026-07-24
    days on market $305,000 Active 106 DOM
  13. 2026-07-23
    days on market $305,000 Active 105 DOM
  14. 2026-07-22
    days on market $305,000 Active 104 DOM
  15. 2026-07-21
    days on market $305,000 Active 103 DOM
  16. 2026-07-16
    days on market $305,000 Active 98 DOM
  17. 2026-07-16
    days on market $305,000 Active 97 DOM
  18. 2026-07-14
    days on market $305,000 Active 96 DOM
  19. 2026-07-14
    pricedays on market $305,000 Active 95 DOM
  20. 2026-07-12
    days on market $315,000 Active 94 DOM
  21. 2026-07-11
    days on market $315,000 Active 93 DOM
  22. 2026-07-10
    days on market $315,000 Active 92 DOM
  23. 2026-07-09
    days on market $315,000 Active 91 DOM
  24. 2026-07-07
    days on market $315,000 Active 89 DOM
  25. 2026-07-06
    days on market $315,000 Active 88 DOM
  26. 2026-07-05
    days on market $315,000 Active 87 DOM
  27. 2026-07-03
    days on market $315,000 Active 85 DOM
  28. 2026-07-02
    days on market $315,000 Active 84 DOM
  29. 2026-07-01
    days on market $315,000 Active 83 DOM
  30. 2026-06-30
    days on market $315,000 Active 82 DOM
  31. 2026-06-29
    days on market $315,000 Active 81 DOM
  32. 2026-06-28
    days on market $315,000 Active 80 DOM
  33. 2026-06-28
    days on market $315,000 Active 79 DOM
  34. 2026-06-27
    days on market $315,000 Active 78 DOM
  35. 2026-06-25
    days on market $315,000 Active 76 DOM
  36. 2026-06-23
    days on market $315,000 Active 74 DOM
  37. 2026-06-22
    days on market $315,000 Active 73 DOM
  38. 2026-06-18
    days on market $315,000 Active 70 DOM
  39. 2026-06-17
    days on market $315,000 Active 69 DOM
  40. 2026-06-16
    days on market $315,000 Active 68 DOM
  41. 2026-06-15
    days on market $315,000 Active 67 DOM
  42. 2026-06-14
    days on market $315,000 Active 65 DOM
  43. 2026-06-10
    days on market $315,000 Active 62 DOM
  44. 2026-06-09
    days on market $315,000 Active 61 DOM
  45. 2026-06-08
    days on market $315,000 Active 60 DOM
  46. 2026-06-07
    days on market $315,000 Active 59 DOM
  47. 2026-06-05
    days on market $315,000 Active 56 DOM
  48. 2026-06-03
    days on market $315,000 Active 55 DOM
  49. 2026-06-03
    days on market $315,000 Active 54 DOM
  50. 2026-06-01
    days on market $315,000 Active 53 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 1/10 Low
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥104°F today · 19 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$31,680
− Mortgage interest
−$17,085
− Property taxes
−$4,575
− Insurance
−$1,525
− Repairs & maintenance
−$2,534
− Management
−$2,534
− HOA
−$11,220
− Depreciation
−$8,873
Taxable loss
−$16,666
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$4,000
After-tax cash flow
$-7,486/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 · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $4,620–$13,860 screening

This beautifully updated 1BR/1BA condo in Ormond Beach offers coastal-inspired finishes, ocean views, and community amenities, making it ideal for both resale and rental.

Value-add opportunities

  • Both oceanfront pool and beach access — amenities enhance both resale and rental value
  • Both landscaping and curb appeal — enhances curb appeal and resale 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.

D Composite school gradezoned avg 51/100

Zoned Schools

Elementary Beachside Elementary School C FL #892/2,144 Nat'l #9,801/41,679 Middle Ormond Beach Middle School B- FL #175/571 Nat'l #2,362/14,009 High Seabreeze High School F FL #248/667 Nat'l #7,376/17,239

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)
14,841
Household income
$78,410
Rent vs Own
16.3% rent · 83.7% own
Severe rent burden
24% 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 (88%)
Race & ethnicity
White 88% Two or more races 5% Hispanic / Latino 5% Black 2% Asian 2%
Common ancestry
Slovak 5% Romanian 4% Lithuanian 3%
Foreign-born
6% · Canada, China
Languages at home
93% English-only · Spanish 2% Other Indo-European 1% Russian/Polish/Slavic 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

Price history

1 event — show timeline
  • 2026-04-09 Listed $315,000 Daytona MLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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