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2700 Ocean Shore Blvd Apt 217, Ormond Beach, FL 32176, US
Copied

$234,400
BiggerPockets estimate

Off Market
2700 Ocean Shore Blvd Apt 217, Ormond Beach, FL 32176
2 Beds
2 Baths
925 Square Feet
Lot n/a
Built in 1986
Off Market
1 Units
Checked: 4 months ago
Updated: Apr 23, 2025 at 05:03PM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$35
Cap Rate
6.3%
Cash-on-Cash Return
0.8%
Debt Coverage Ratio
1.03
Internal Rate of Return (5 years)
4.8%

Property Description


Lot n/a
Built in 1986
Off Market
1 Units

This property is not currently listed for sale or rent on BiggerPockets. The details below may have been provided by the owner, a third party, or public records.

Located at 2700 Ocean Shore Blvd Apt 217, Ormond Beach, FL (ZIP code 32176) this condominium features 2 bedrooms, 2 bathrooms and approximately 925 square feet of living space. The property was built in 1986.

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Location


Property Details


Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 5

HOA

  • Association: Ocean Watch

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 322124002170

Property Information

  • Property Type: Condominium
  • Year Built: 1986

Tax Information

  • Annual Tax: $1,729

Utilities

  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Volusia

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$35
Cap Rate
6.3%
Cash-on-Cash Return
0.8%
Debt Coverage Ratio
1.03
Internal Rate of Return (5 years)
4.8%

Purchase Details

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Purchase price:
$234,400
Amount financed:
-$187,520
Down payment:
$46,880
Closing costs:
$7,032
Rehab costs:
$0
Initial cash invested:
$53,912
Square feet:
925
Cost per square foot:
$253
Monthly rent per square foot:
$2.16

Financing Details

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Loan amount:
$187,520
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,201
Property tax:
$144
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,485

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$144-$1,730
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (32%)
32%-$644-$7,730

Cash Flow


Monthly Yearly
Net operating income:
$1,236 $14,832
Mortgage payments:
-$1,201 -$14,412
Cash flow:
$35 $420