502 Lime Tree Ct

Sun City Center, FL 33573
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2 bd, 2 ba | 2,364 sqft | Built in 1976

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List Price
$334,900

Initial Investment

$91,260

Purchase Price

$334,900

Down Payment

25%

Rent

$1,950

Total Return

$134,970

Annualized Return

18.8%

Cap Rate

4.2%

Gross Yield

7.0%

Cash Flow

-$4,984

Appreciation

8.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,956

HOA

None

Flood Risk

Not Required

QUIET CUL DE SAC LOCATION & NO HOA! Welcome to Sun City Center, FL, the Number #1 Retirement Community in America, as voted by Realtor.com in 2024! Nestled on a lush, oversized lot in a peaceful cul de sac, this lovely, UPDATED home awaits its new owner. This move-in ready 2 bed/2 bath home has over 1700 square feet of living space and boasts tons of major updates: ROOF 2020, WATER HEATER 2021, ELECTRIC PANEL 2021 AND HVAC 2024. The main living area has been modified into a comfortable open floorplan for easy living. The home has ceramic tile throughout, pretty textured ceilings, updated closet doors, and large windows for lots of natural light. The eat-in kitchen has been refreshed with updated cabinetry, newer stainless appliances, a center island, and a skylight. The versatile bonus room is currently being used as a craft room (and even has a built-in pantry), but can easily be a den, office or 3rd bedroom if needed. The large owner's suite has double closets and a nice ensuite bathroom with a walk-in shower. The 2nd bedroom and bathroom offer extra privacy for your guests. For an added bonus, this home has an awesome 10 x 20 enclosed & glassed FLORIDA ROOM (2020) that has its own air conditioning & heat. The rear of the home is a gardener's delight and has a large brick paver patio where you can relax and enjoy the various fruit trees and blooming flowers. This home is just a short golf cart ride to all community amenities, such as restaurants, shopping, banking, doctors, numerous social clubs, a library, indoor/outdoor pools, pickleball, and so much more. The community is also conveniently located to major highways, airports, Tampa, Sarasota, major sporting events, and award-winning beaches. So come and visit this beauty today and see why you'll want to call it home!

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$22,230

Expenses

-$3,957

Property Taxes

-$5,050

Loan Payments

-$18,207

Net Cash Flow

-$4,984

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Robin Bennett
Agent License 3344532
CENTURY 21 BEGGINS ENTERPRISES
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #TB8322326
Last Updated: 11/18/2024 17:11
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