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$280,000

For Sale - Active
3132 Pine Tree Dr, Edgewater, FL 32141
4 Beds
2 Baths
1,534 Square Feet
0.23 Acres Lot
Built in 1978
For Sale - Active
1 Units
Checked: 21 hours ago
Updated: Sep 04, 2025 at 10:02AM

Investment Summary


Monthly Cash Flow
-$400
Cap Rate
4.4%
Cash-on-Cash Return
-7.5%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.2%

Property Description


0.23 Acres Lot
Built in 1978
For Sale - Active
1 Units

This beautifully maintained 4-bedroom, 2-bath concrete block home offers 1,534 square feet of comfortable living space, all situated on a massive corner lot with plenty of room to park your boat, RV, or toys. NO FLOODING — HIGH & DRY! Whether you're looking for a primary residence, snowbird retreat, or investment opportunity, this home checks all the boxes! Inside, you'll find a well-designed split floor plan, with a spacious primary suite and three additional bedrooms offering flexibility for guests, office space, or hobbies. The open-concept living and dining areas flow seamlessly into the kitchen, making entertaining a breeze. Step outside to enjoy the oversized yard—ideal for adding a pool, workshop, or simply enjoying the Florida sunshine in your own private space. Residents of Edgewater love the friendly, down-to-earth vibe and the strong sense of community that comes with living in this charming coastal town. From farmers markets and art festivals to car shows, local concerts, and holiday parades, there's always something fun happening to bring neighbors together. Plus, you're just minutes from riverfront parks, public boat ramps, the Intracoastal Waterway, and the beaches of New Smyrna Beach. Live where others vacation and enjoy the best of Florida's laid-back lifestyle—plenty of space, natural beauty, and a close-knit community, all just a short ride from the beach and river.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Rooms: 9
  • # of Stories: 1

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 840201106550
  • Lot Size: 10000 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1978

Tax Information

  • Annual Tax: $4,152

Utilities

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

Location

  • County: Volusia

Listing Details


Listed by:
Rob West
ENGEL & VOLKERS NEW SMYRNA
(407) 529-9919

Source:
Stellar MLS
MLS#: NS1085352
Stellar MLS

Investment Summary


Monthly Cash Flow
-$400
Cap Rate
4.4%
Cash-on-Cash Return
-7.5%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.2%

Purchase Details

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Purchase price:
$280,000
Amount financed:
-$224,000
Down payment:
$56,000
Closing costs:
$8,400
Rehab costs:
$0
Initial cash invested:
$64,400
Square feet:
1,534
Cost per square foot:
$183
Monthly rent per square foot:
$1.30

Financing Details

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Loan amount:
$224,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,434
Property tax:
$346
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,920

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: (17%)
17%-$346-$4,152
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: (42%)
42%-$846-$10,152

Cash Flow


Monthly Yearly
Net operating income:
$1,034 $12,408
Mortgage payments:
-$1,434 -$17,208
Cash flow:
$400 $4,800