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$725,000

For Sale - Active
344 Stirling Bridge Dr, Ormond Beach, FL 32174
4 Beds
3 Baths
2,568 Square Feet
0.21 Acres Lot
Built in 2021
For Sale - Active
1 Units
Checked: 6 hours ago
Updated: Jun 23, 2025 at 03:14AM

Investment Summary


Monthly Cash Flow
-$1,651
Cap Rate
3.4%
Cash-on-Cash Return
-11.9%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.5%

Property Description


0.21 Acres Lot
Built in 2021
For Sale - Active
1 Units

This Plantation Bay GEM has it all! Why wait to build? This upgraded 4BR/3BA ICI Costa Mesa in Plantation Bay is better than new, featuring European oak floors in the primary suite, plantation shutters, 12 ft ceilings, designer lighting, quartz countertops, a hidden walk-in pantry, custom laundry room, and high-end dishwasher. 4-panel sliding doors lead to a screened lanai and fully fenced backyard overlooking a serene preserve—ideal for entertaining or coffee mornings. Room to add a pool. Aquasana whole-home filtration, reverse osmosis, gutters, and brick paver driveway included. Live in a highly sought-after gated luxury community with optional membership to 3 premier golf courses, a $30M Founders Club, 2 resort-style pools, a cabana with bar and grill, tennis, pickleball, spa, fitness center, and year-round social events. Located on a prime preserve lot with no rear neighbors in one of Plantation Bay's highly sought after neighborhoods. Plenty of room to add a pool. Optional membership offers impressive world-class amenities. Please include proof of funds or pre-approval with offers. HOA and membership details available upon request. All information recorded in the MLS intended to be accurate but cannot be guaranteed.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener, Tandem, Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Block
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Margy
  • HOA Fee: $280/quarterly
  • Additional Association: Plantation Bay
  • Additional HOA Fee: $280/quarterly

Land Information

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

Lot Information

  • Parcel ID: 09133151202AF080750
  • Lot Size: 8973 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2021

Tax Information

  • Annual Tax: $6,123

Utilities

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

Location

  • County: Flagler

Listing Details


Listed by:
Aimee Haase
REALTY PROS ASSURED
(425) 361-9350

Source:
Stellar MLS
MLS#: V4942862
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,651
Cap Rate
3.4%
Cash-on-Cash Return
-11.9%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.5%

Purchase Details

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Purchase price:
$725,000
Amount financed:
-$580,000
Down payment:
$145,000
Closing costs:
$21,750
Rehab costs:
$0
Initial cash invested:
$166,750
Square feet:
2,568
Cost per square foot:
$282
Monthly rent per square foot:
$1.56

Financing Details

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Loan amount:
$580,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,714
Property tax:
$510
Insurance:
$280
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,504

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,000 $48,000
Vacancy loss: (6%)
6% -$240 -$2,880
Operating income:
$3,760 $45,120

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$510-$6,123
Insurance: (7%)
7%-$280-$3,360
Property management: (8%)
8%-$320-$3,840
Repairs & maintenance: (5%)
5%-$200-$2,400
Capital expenditures: (5%)
5%-$200-$2,400
HOA fees: (5%)
5%-$187-$2,244
Total operating expenses: (42%)
42%-$1,697-$20,367

Cash Flow


Monthly Yearly
Net operating income:
$2,063 $24,756
Mortgage payments:
-$3,714 -$44,568
Cash flow:
$1,651 $19,812