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$469,000

For Sale - Active
3039 Pine Tree Dr, Edgewater, FL 32141
3 Beds
3 Baths
2,446 Square Feet
0.23 Acres Lot
Built in 2006
For Sale - Active
1 Units
Checked: 11 hours ago
Updated: Jun 04, 2025 at 03:46AM

Investment Summary


Monthly Cash Flow
-$574
Cap Rate
4.7%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.2%

Property Description


0.23 Acres Lot
Built in 2006
For Sale - Active
1 Units

MOTIVATED SELLER, PLUS seller offering concessions towards Buyers closing costs with acceptable offer! Your Dream Pool Home awaits you! This is it! First time offered on the market, Must see this 1 owner 2006 custom built home by Belmont Homes. Featuring 3 Bedrooms with 3 full Bathrooms, 2 car garage, a screened in swimming POOL with paver deck PLUS a covered patio! Very private Fully fenced yard with vinyl fencing. New Roof & gutters in 2024. The 2,446 square footage and the storage space will blow you away. The home feels open & airy with soaring 9.5' ceilings and 8' doors. Upon entering the front door, you will find a Formal dining room with massive slider doors going to a side paver patio. Plus a second room that could be used as an office / sitting room with large front facing window. Wait till you see the kitchen cabinet space, with maple KraftMaid custom kitchen cabinets to the ceiling, Newer Stainless steel refrigerator, large pantry, under and above cabinet lighting, Breakfast bar plus dinette, all overlooking the pool area / back covered patio. Entering the primary bedroom suite you will notice its’ boasting spacious atmosphere with 2 windows plus 2 sliders to the pool area, which totally maximizes the natural lighting of the room. Ensuite bathroom features 8'x6' walk-in closet, linen closet, double sinks, 6' walk in shower along with separate tub. Bedrooms 2 & 3 feature additional storage space cubbys above the closets. Bathroom 3 exits to the pool area so you have your own pool bathroom too! Tile thru out main areas and brand-new carpeting in the bedrooms. Ceiling fans in every room! Exterior and Interior just freshly painted too! 2016 Bryant A/C Unit- 5 Ton system with germacide UV light. 2018 water heater with instant hot water feature. Indoor laundry room off garage with washer/dryer hook ups and storage space above. Peaceful private backyard oasis, perfect for entertaining, grilling and more! ADT security system installed with touchscreen command center (subscription required). Sprinkler system on well. Generator receptacle outside off garage. Located in the heart of lovely Edgewater community, where fishing and boating are a way of life! Plus the beach is just minutes away. NO HOA, Home sits high & dry. Schedule your tour today! All information and measurements are deemed accurate and must be verified by Buyer.

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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 (Total): 3.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Shingle
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 840201106350
  • Lot Size: 10000 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2006

Tax Information

  • Annual Tax: $2,075

Utilities

  • Water & Sewer: None
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Volusia

Listing Details


Listed by:
Marcia Negrin
OCEANBREEZE PROPERTIES
(386) 576-6494

Source:
Stellar MLS
MLS#: NS1083634
Stellar MLS

Investment Summary


Monthly Cash Flow
-$574
Cap Rate
4.7%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.2%

Purchase Details

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Purchase price:
$469,000
Amount financed:
-$375,200
Down payment:
$93,800
Closing costs:
$14,070
Rehab costs:
$0
Initial cash invested:
$107,870
Square feet:
2,446
Cost per square foot:
$192
Monthly rent per square foot:
$1.19

Financing Details

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Loan amount:
$375,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,402
Property tax:
$173
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,778

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$173-$2,075
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$898-$10,775

Cash Flow


Monthly Yearly
Net operating income:
$1,828 $21,936
Mortgage payments:
-$2,402 -$28,824
Cash flow:
$574 $6,888