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$699,000

For Sale - Active
3971 Schooner Pointe Dr Apt 201, Jupiter, FL 33477
3 Beds
2 Baths
1,839 Square Feet
0.00 Acres Lot
Built in 1995
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Aug 19, 2025 at 10:58AM

Investment Summary


Monthly Cash Flow
-$3,136
Cap Rate
0.8%
Cash-on-Cash Return
-23.4%
Debt Coverage Ratio
0.12
Internal Rate of Return (5 years)
-18.6%

Property Description


0.00 Acres Lot
Built in 1995
For Sale - Active
Units n/a

Welcome to 3971 Schooner Pointe Drive #201, an exceptional 3-bedroom, 2-bath corner-unit condo located in the sought-after West Bay at Jonathan's Landing in Jupiter, Florida. Offering 1,839 sq ft of beautifully maintained living space, this light-filled residence delivers the perfect blend of comfort, privacy, and scenic lakefront views--all within a prestigious gated community with 24/7 manned security.Situated on the second floor, this spacious condo features soaring vaulted ceilings. The generous living and dining areas open to a screened balcony and patio, where you can enjoy peaceful lake breezes and vibrant sunsets from your s

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage, GolfCartGarage, Guest, GarageDoorOpener
  • Details: Attached, Driveway, Garage, Golf Cart Garage, Guest, Garage Door Opener
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 2

Exterior Features

  • Roof Material: Flat, Tile
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $1,450/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 00434106280002010
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1995

Tax Information

  • Annual Tax: $9,557

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Palm Beach

Listing Details


Listed by:
Morgan Clark
Illustrated Properties LLC (Jupiter)
(561) 215-9188

Source:
BeachesMLS
MLS#: R11116010
BeachesMLS

Investment Summary


Monthly Cash Flow
-$3,136
Cap Rate
0.8%
Cash-on-Cash Return
-23.4%
Debt Coverage Ratio
0.12
Internal Rate of Return (5 years)
-18.6%

Purchase Details

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Purchase price:
$699,000
Amount financed:
-$559,200
Down payment:
$139,800
Closing costs:
$20,970
Rehab costs:
$0
Initial cash invested:
$160,770
Square feet:
1,839
Cost per square foot:
$380
Monthly rent per square foot:
$2.12

Financing Details

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Loan amount:
$559,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,581
Property tax:
$796
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,650

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$796-$9,557
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (37%)
37%-$1,450-$17,400
Total operating expenses: (83%)
83%-$3,221-$38,657

Cash Flow


Monthly Yearly
Net operating income:
$445 $5,340
Mortgage payments:
-$3,581 -$42,972
Cash flow:
$3,136 $37,632