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$300,000

For Sale - Active
8 Rising Moon Trl, Ormond Beach, FL 32174
3 Beds
3 Baths
1,914 Square Feet
0.06 Acres Lot
Built in 1981
For Sale - Active
1 Units
Checked: 11 hours ago
Updated: Jul 04, 2025 at 08:56AM

Investment Summary


Monthly Cash Flow
-$57
Cap Rate
5.9%
Cash-on-Cash Return
-1.0%
Debt Coverage Ratio
0.96
Internal Rate of Return (5 years)
3.0%

Property Description


0.06 Acres Lot
Built in 1981
For Sale - Active
1 Units

ONE OWNER Trails townhome at the end of a quiet cul-de-sac in coveted Cherokee Trails II. BRAND NEW ROOF 2025, HVAC 2020, custom Andersen French doors, James Hardie board siding, and a rare 3/3 floor plan that must be seen to appreciate! Southern exposure ensures all rooms get beautiful natural light throughout the day. Two en-suites downstairs and primary suite upstairs with HUGE 11x8 walk-in closet PLUS an additional 11x4 owner's closet. Primary suite encompasses the entire upstairs and has vaulted ceilings, look-through to downstairs that can be closed off with the bifold doors if you wish, and has double doors leading to the upper story deck that is perfect for hosting gatherings or a place to enjoy your morning coffee. Living room is downstairs in the heart of the home with incredible volume ceilings, wood-burning fireplace and beautiful natural light from the South-facing windows, and is flanked by the two large guest bedrooms each with their own FULL bathroom and walk-in closet. The graceful patio accessed by French doors from both living room and guest suite/den is thoughtfully landscaped with established planting and block wall barrier for added privacy and charm. Kitchen is in great shape with newer appliances, large food-pantry, and ample eat-in space. Inside laundry room (washer/dryer convey) and utility sink. Garage is oversized (22x21ft) and already has a ton of built-in storage! Entire exterior was recently painted. This home is in excellent shape and is ready for the new owners to make it their own. This is not your typical Trails townhome and once you see it, you'll know why! Master HOA is 261/quarter and covers community pool, clubhouse, walking trails, and common area maintenance. Cherokee Trails II HOA is 270/quarter and covers lawncare, irrigation water + maintenance, pest control, and common area maintenance. Enjoy the convenience of a short walk or bike ride to the Trails Shopping Center where you'll find local favorite restaurants, full gym, Pilates studio, chiropractor, specialty coffee shop, Publix grocery, med spa, salon, and so much more. Also nearby is The Nova Community Park where you'll find ball fields, community center, tennis courts, basketball courts, skate park, racquetball courts and miles of walking trails.. Last but not least, the recently renovated Magic Forest Playground is now open and ready for use! All information and room sizes in this listing are intended to be accurate but cannot be guaranteed. Buyers and agents are always encouraged to perform due diligence.

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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): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Judy DaSylva
  • HOA Fee: $270/quarterly
  • Additional Association: The Trails HOA
  • Additional HOA Fee: $261/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Row House

Lot Information

  • Parcel ID: 422018000630
  • Lot Size: 2603 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1981

Tax Information

  • Annual Tax: $821

Utilities

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

Location

  • County: Volusia

Listing Details


Listed by:
Gina Sweringen Lawson, LLC
ADAMS, CAMERON & CO., REALTORS
(386) 316-1774

Source:
Stellar MLS
MLS#: V4943245
Stellar MLS

Investment Summary


Monthly Cash Flow
-$57
Cap Rate
5.9%
Cash-on-Cash Return
-1.0%
Debt Coverage Ratio
0.96
Internal Rate of Return (5 years)
3.0%

Purchase Details

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Purchase price:
$300,000
Amount financed:
-$240,000
Down payment:
$60,000
Closing costs:
$9,000
Rehab costs:
$0
Initial cash invested:
$69,000
Square feet:
1,914
Cost per square foot:
$157
Monthly rent per square foot:
$1.31

Financing Details

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Loan amount:
$240,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,537
Property tax:
$68
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,780

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (3%)
3%-$68-$821
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (7%)
7%-$177-$2,124
Total operating expenses: (35%)
35%-$870-$10,445

Cash Flow


Monthly Yearly
Net operating income:
$1,480 $17,760
Mortgage payments:
-$1,537 -$18,444
Cash flow:
$57 $684