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$575,000

For Sale - Active
819 Satinleaf Ave, Oldsmar, FL 34677
3 Beds
2 Baths
1,688 Square Feet
0.00 Acres Lot
Built in 1985
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jul 13, 2025 at 03:53AM

Investment Summary


Monthly Cash Flow
-$1,209
Cap Rate
3.6%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.6%

Property Description


0.00 Acres Lot
Built in 1985
For Sale - Active
1 Units

MOVE-IN-READY-Oldsmar home (Manors of Forest Lakes Phase 2 is a split bedroom 3 bedroom 2 bath home is tucked away at the end of a cul-de-sac and on a desirable federal preserve bird sanctuary where deer, turkey, raccoons and birds visit you sometimes daily. The pride of ownership shines through in this home. The house has Brazilian Cherry engineered hardwood floors in the dining and living rooms. The kitchen has maple wood cabinetry, Corian countertops and high-end stainless steel appliances. Both of the bathrooms have been renovated with new hardwood vanities, granite counter tops, frameless shower doors and many other custom upgrades! A spacious enclosed air conditioned sunroom expands the living space for year-round fun. A 19-seer Carrier Infinity A/C unit and duct work, a new roof, and additional insulation were installed in 2014. The electrical panel and new circuit breakers with whole house surge protection was upgraded in Oct 2015. Other features include a water softener, security system, and custom closet systems. The inside and outside has been recently painted. The freshly painted garage also boasts an 8ft gladiator work bench and an extra washer/dryer set! Outside there is a patio, an 8x10 shed and a lovely greenhouse for year round plants and vegetables! Close to shopping, restaurants, and entertainment. The area has city parks with plenty of nature trails. You are also just minutes from Tampa and St. Petersburg.

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Location


Property Details


Parking

  • Description: Parking Pad
  • Details: Parking Pad, Attached
  • Garage Spaces: 2
  • 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
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: ELIZABETH VALENTIN,
  • HOA Fee: $35/monthly

Land Information

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

Lot Information

  • Parcel ID: 112816549420000430
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1985

Tax Information

  • Annual Tax: $4,420

Utilities

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

Location

  • County: Pinellas

Listing Details


Listed by:
Wayne Barnes
KELLER WILLIAMS REALTY PORTFOLIO COLLECTION
(727) 947-8453

Source:
Stellar MLS
MLS#: TB8373408
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,209
Cap Rate
3.6%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.6%

Purchase Details

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Purchase price:
$575,000
Amount financed:
-$460,000
Down payment:
$115,000
Closing costs:
$17,250
Rehab costs:
$0
Initial cash invested:
$132,250
Square feet:
1,688
Cost per square foot:
$341
Monthly rent per square foot:
$1.84

Financing Details

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Loan amount:
$460,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,945
Property tax:
$368
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,530

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$368-$4,420
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (1%)
1%-$35-$420
Total operating expenses: (38%)
38%-$1,178-$14,140

Cash Flow


Monthly Yearly
Net operating income:
$1,736 $20,832
Mortgage payments:
-$2,945 -$35,340
Cash flow:
$1,209 $14,508