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$439,000

For Sale - Active
1801 Forest Dr, Oldsmar, FL 34677
3 Beds
2 Baths
1,673 Square Feet
0.16 Acres Lot
Built in 1974
For Sale - Active
1 Units
Checked: 43 minutes ago
Updated: Jun 17, 2025 at 03:03AM

Investment Summary


Monthly Cash Flow
-$759
Cap Rate
4.2%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.7%

Property Description


0.16 Acres Lot
Built in 1974
For Sale - Active
1 Units

Welcome to 1801 Forest Drive – Your Florida Retreat in the Heart of Oldsmar Step into comfort and style with this beautifully maintained 3-bedroom, 2-bathroom single-family home located in one of Oldsmar’s most established and peaceful neighborhoods. Nestled on a generous corner lot, surrounded by mature trees and lush landscaping, this home offers a perfect blend of privacy, functionality, and Florida charm. Inside, you’ll find a bright, open-concept floor plan filled with natural light and modern finishes. The spacious living area, accented with neutral tones and large windows, flows seamlessly into the dining space and updated kitchen—complete with sleek countertops, stainless steel appliances, and ample cabinetry for effortless daily living and entertaining. The primary suite is your personal retreat, featuring a walk-in closet, en-suite bathroom, and serene views of the backyard. Two additional bedrooms provide flexible space for family, guests, a home office, or creative pursuits, all with easy access to the second full bathroom. Step outside to your fully fenced backyard oasis, where a sparkling in-ground pool and spacious patio invite you to relax, entertain, or dine outdoors. There’s also plenty of green space for pets or play. Additional highlights include: One car garage, newer roof, updated flooring, central HAV, and NO HOA. Located just minutes from downtown Oldsmar, top-rated schools, shopping, dining, and scenic parks and trails, this home offers easy access to Tampa Bay’s best outdoor recreation. Whether you’re looking to settle down or simply elevate your lifestyle, 1801 Forest Drive delivers the perfect mix of comfort, character, and convenience

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • 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 Rooms: 7
  • # of Stories: 1

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 152816362810002190
  • Lot Size: 6943 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1974

Tax Information

  • Annual Tax: $3,130

Utilities

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

Location

  • County: Pinellas

Listing Details


Listed by:
Debra Briscoe
FINE PROPERTIES
(941) 782-0000

Source:
Stellar MLS
MLS#: A4653552
Stellar MLS

Investment Summary


Monthly Cash Flow
-$759
Cap Rate
4.2%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.7%

Purchase Details

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Purchase price:
$439,000
Amount financed:
-$351,200
Down payment:
$87,800
Closing costs:
$13,170
Rehab costs:
$0
Initial cash invested:
$100,970
Square feet:
1,673
Cost per square foot:
$262
Monthly rent per square foot:
$1.55

Financing Details

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Loan amount:
$351,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$2,292
Property tax:
$261
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,735

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$261-$3,130
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$911-$10,930

Cash Flow


Monthly Yearly
Net operating income:
$1,533 $18,396
Mortgage payments:
-$2,292 -$27,504
Cash flow:
$759 $9,108