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$309,999

For Sale - Active
3021 Norvell Ct, Deltona, FL 32738
3 Beds
2 Baths
1,496 Square Feet
0.34 Acres Lot
Built in 1988
For Sale - Active
1 Units
Checked: 24 hours ago
Updated: Jul 13, 2025 at 05:01AM

Investment Summary


Monthly Cash Flow
-$313
Cap Rate
4.9%
Cash-on-Cash Return
-5.3%
Debt Coverage Ratio
0.80
Internal Rate of Return (5 years)
-1.1%

Property Description


0.34 Acres Lot
Built in 1988
For Sale - Active
1 Units

Welcome to this beautiful 3-bedroom, 2-bathroom home, offering 1,456 square feet of comfortable living space on a spacious lot. Perfectly designed for both relaxation and entertainment, this property features thoughtful upgrades and ample outdoor space, all situated in a peaceful neighborhood. As you step inside, you’ll be greeted by a light-filled living room that flows seamlessly into the dining area and kitchen, creating a welcoming atmosphere for family gatherings and entertaining. One of the standout features of this home is the enclosed, air-conditioned porch, an ideal spot for lounging, entertaining, or enjoying your morning coffee with views of the large, lush backyard. The attached garage is also air-conditioned, offering a versatile space that could easily be used as a workshop, home gym, or additional storage, in addition to parking your vehicles. The home has been thoughtfully updated with a brand-new roof, providing peace of mind for years to come, as well as a water softener system for added convenience and comfort. With its generous living space, modern features, and fantastic outdoor potential, this home is perfect for anyone looking for comfort, style, and practicality. Schedule a showing today and make this charming property your new home!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Foundation: Slab
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 813044060080
  • Lot Size: 15000 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1988

Tax Information

  • Annual Tax: $1,257

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central
  • Cooling: Central Air, Attic Fan

Location

  • County: Volusia

Listing Details


Listed by:
Mark Johnson
RENAISSANCE REALTY NETWORK, IN
(407) 920-7978

Source:
Stellar MLS
MLS#: O6318032
Stellar MLS

Investment Summary


Monthly Cash Flow
-$313
Cap Rate
4.9%
Cash-on-Cash Return
-5.3%
Debt Coverage Ratio
0.80
Internal Rate of Return (5 years)
-1.1%

Purchase Details

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Purchase price:
$309,999
Amount financed:
-$247,999
Down payment:
$62,000
Closing costs:
$9,300
Rehab costs:
$0
Initial cash invested:
$71,300
Square feet:
1,496
Cost per square foot:
$207
Monthly rent per square foot:
$1.34

Financing Details

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Loan amount:
$247,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,588
Property tax:
$105
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,833

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: (5%)
5%-$105-$1,257
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: (30%)
30%-$605-$7,257

Cash Flow


Monthly Yearly
Net operating income:
$1,275 $15,300
Mortgage payments:
-$1,588 -$19,056
Cash flow:
$313 $3,756