701 Riviera Dr

Sun City Center, FL 33573
image0

3 bd, 2 ba | 2,249 sqft | Built in 1962

slider image
slider image
slider image
List Price
$242,000

Initial Investment

$65,945

Purchase Price

$242,000

Down Payment

25%

Rent

$1,840

Total Return

$117,708

Annualized Return

22.9%

Cap Rate

5.9%

Gross Yield

9.1%

Cash Flow

$192

Appreciation

8.3%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,700

HOA

$11/mo

Flood Risk

Not Required

*This is a great investment opportunity! Currently leased until October 29, 2024 (and present tenants have indicated they would be pleased to renew lease with new owners). There are two more properties on the same street, owned by the same owners, which are also for sale and if purchased together, the owners would consider a discount. Call for information regarding rental amounts, etc. *
This is why we move to Florida! Here you can drive your golf cart to enjoy all the amenities of Sun City Center! This home is well located near shopping and Sun City Center is the #1 active lifestyle, adult retirement community in Florida. For just $333/per person/per year, you will be a member of the Sun City Center Community Association of numerous amenities, including indoor and outdoor swimming pools, a large fitness center, 10 tennis courts, 2 dog parks, horseshoes, pickle ball, lawn bowling, softball for men and women, woodcarving, and 200 clubs of all types such as travel, gardening, ceramics, computer, bridge, poker, writing, big band, chorus, jazz, 10 dance clubs, a theater group, a library, and a volunteer Security Patrol. A one-time Capital Funding Fee of $3,000 is paid by new residents at Closing. Located midway between Tampa and Sarasota you have easy access to Tampa International airport, professional sporting events, the arts, world-class beaches, exquisite shopping and fine dining.
This home includes an open floor plan with combined living room and dining room and a separate eating area within the kitchen. Tile flooring and terrazzo flooring are seen throughout with neutral paint colors and lots of natural light which will enhance any decor. Inside laundry room with washer and dryer are included. Third bedroom provides plenty of space for an office or room for visitors. A large lot gives one room to breathe!

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

Annual Financial Highlights

Expected Rent

$20,976

Expenses

-$3,888

Property Taxes

-$3,740

Loan Payments

-$13,156

Net Cash Flow

$192

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.

Similar Listings



Listing Courtesy of:DeeAnn Becht
Agent License 3103019
COLDWELL BANKER REALTY
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #T3518056
Last Updated: 04/21/2024 02:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.