Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$799,000

For Sale - Active
29 Twin River Dr, Ormond Beach, FL 32174
5 Beds
4 Baths
3,094 Square Feet
0.72 Acres Lot
Built in 1968
For Sale - Active
1 Units
Checked: 18 hours ago
Updated: Sep 03, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
-$1,592
Cap Rate
3.8%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.1%

Property Description


0.72 Acres Lot
Built in 1968
For Sale - Active
1 Units

Discover an extraordinary sanctuary where elevated waterfront living meets timeless Florida charm. Perched above the Little Tomoka on .78 acres, this retreat offers direct access to the Tomoka and Intracoastal with preserve views ensuring privacy and manatees visiting often. A multigenerational layout features two bedrooms downstairs and three upstairs, with a lower level bar and fireplace opening to an eleven foot deep pool and new decking. The kitchen’s chef’s 6-burner gas range is ideal for culinary enthusiasts. Whole home solar panels reduce energy costs and the tile roof, only a few years old, adds long term peace of mind. Fresh balcony and dock decking plus a new paver driveway enhance outdoor living. Unlike neighboring properties, this elevated home offers rare flood protection while minutes to I-95, beaches, shopping, and hospitals.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Avatar
Avatar
Avatar

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent
Avatar
Avatar
Avatar

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender
Avatar
Avatar
Avatar

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager
Avatar
Avatar
Avatar

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener, Garage Faces Side, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished, Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Tile
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 412501000040
  • Lot Size: 31500 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Mid-Century Modern, Mediterranean
  • Year Built: 1968

Tax Information

  • Annual Tax: $7,251

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Volusia

Listing Details


Listed by:
Robin Hart
EXP REALTY LLC
(386) 679-5014

Source:
Stellar MLS
MLS#: NS1085609
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,592
Cap Rate
3.8%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.1%

Purchase Details

Find an Agent

Purchase price:
$799,000
Amount financed:
-$639,200
Down payment:
$159,800
Closing costs:
$23,970
Rehab costs:
$0
Initial cash invested:
$183,770
Square feet:
3,094
Cost per square foot:
$258
Monthly rent per square foot:
$1.45

Financing Details

Find a Lender

Loan amount:
$639,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,093
Property tax:
$604
Insurance:
$315
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,012

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$4,500 $54,000
Vacancy loss: (6%)
6% -$270 -$3,240
Operating income:
$4,230 $50,760

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$604-$7,251
Insurance: (7%)
7%-$315-$3,780
Property management: (8%)
8%-$360-$4,320
Repairs & maintenance: (5%)
5%-$225-$2,700
Capital expenditures: (5%)
5%-$225-$2,700
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (38%)
38%-$1,729-$20,751

Cash Flow


Monthly Yearly
Net operating income:
$2,501 $30,012
Mortgage payments:
-$4,093 -$49,116
Cash flow:
-$1,592 -$19,104