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$269,000

For Sale - Active
2044 Sheffield Ct, Oldsmar, FL 34677
2 Beds
2 Baths
1,296 Square Feet
0.06 Acres Lot
Built in 1986
For Sale - Active
1 Units
Checked: 13 hours ago
Updated: Jun 10, 2025 at 04:28AM

Investment Summary


Monthly Cash Flow
-$35
Cap Rate
6.0%
Cash-on-Cash Return
-0.7%
Debt Coverage Ratio
0.97
Internal Rate of Return (5 years)
3.3%

Property Description


0.06 Acres Lot
Built in 1986
For Sale - Active
1 Units

High and dry with NEW ROOF and NEW HVAC!! Welcome to this charming 2-bedroom, 2-bathroom single-family villa, offering a perfect blend of comfort and style. As you enter, you'll be greeted by volume ceilings that create an open, airy atmosphere throughout the home. The spacious kitchen features beautiful granite countertops and wood cabinets, providing both elegance and functionality. Stainless steel appliances complete the modern kitchen, making it ideal for cooking and entertaining. Relax or entertain in your private enclosed patio or enjoy your own private yard, fully enclosed by a vinyl fence for added privacy and security. This home also boasts a new roof and a new HVAC system, ensuring peace of mind for years to come. Located just a short walk from the community pool, this villa is in a highly desirable school district, making it a fantastic option for families. Best of all, the HOA fees are only $110/month, offering incredible value for the community. Don’t miss the opportunity to make this wonderful home yours!

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Location


Property Details


Parking

  • Description: Assigned
  • Details: Assigned
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: AMERI-TECH
  • HOA Fee: $110/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Planned Unit Development

Lot Information

  • Parcel ID: 162816805510000230
  • Lot Size: 2740 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1986

Tax Information

  • Annual Tax: $1,603

Utilities

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

Location

  • County: Pinellas

Listing Details


Listed by:
Christopher Grasso
BHHS FLORIDA PROPERTIES GROUP
(727) 379-2376

Source:
Stellar MLS
MLS#: TB8327277
Stellar MLS

Investment Summary


Monthly Cash Flow
-$35
Cap Rate
6.0%
Cash-on-Cash Return
-0.7%
Debt Coverage Ratio
0.97
Internal Rate of Return (5 years)
3.3%

Purchase Details

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Purchase price:
$269,000
Amount financed:
-$215,200
Down payment:
$53,800
Closing costs:
$8,070
Rehab costs:
$0
Initial cash invested:
$61,870
Square feet:
1,296
Cost per square foot:
$208
Monthly rent per square foot:
$1.77

Financing Details

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Loan amount:
$215,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,378
Property tax:
$134
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,673

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$134-$1,603
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (5%)
5%-$110-$1,320
Total operating expenses: (36%)
36%-$819-$9,823

Cash Flow


Monthly Yearly
Net operating income:
$1,343 $16,116
Mortgage payments:
-$1,378 -$16,536
Cash flow:
$35 $420