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$189,000

For Sale - Active
3 Cypress Run Apt 33A, Homosassa, FL 34446
2 Beds
2 Baths
1,643 Square Feet
0.01 Acres Lot
Built in 1981
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: Oct 21, 2025 at 10:13AM

Investment Summary


Monthly Cash Flow
$91
Cap Rate
6.7%
Cash-on-Cash Return
2.5%
Debt Coverage Ratio
1.09
Internal Rate of Return (5 years)
6.4%

Property Description


0.01 Acres Lot
Built in 1981
For Sale - Active
Units n/a

Welcome to this stunning condo located in the serene community of Sugarmill Woods. This spacious 2-bedroom, 2-bathroom condo offers comfort, style, and modern upgraded kitchen. The heart of the home is the fully renovated kitchen, featuring crisp bright and inviting cabinetry, elegant quartz countertops, and all new LG stainless steel appliances. Overhead, a custom shiplap-paneled light fixture, painted a fresh, bright and light, adds architectural charm while housing recessed LED can lights that cast a warm, even glow over the entire space. This thoughtful combination of style and illumination makes the kitchen both beautiful and highly functional for cooking, entertaining and everyday living. The open layout flows seamlessly into the dining and living areas, offering inviting space filled with natural light and features large windows framing sweeping views of the lush golf course- a perfect backdrop for relaxing mornings or entertaining guests. Both bedrooms are generously sized, with the primary suite offering an on-suite bathroom for added convenience. Enjoy all that Sugarmill Woods has to provide, including its peaceful surroundings, manicured landscaping, and convenient location near shopping, dining, and recreational opportunities. This bottom floor unit is great for long term residents and seasonal residents looking to enjoy maintenance-free living in sunny Florida!

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Location


Property Details


Parking

  • Description: Carport
  • 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: 7
  • # of Stories: 3

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Flat
  • Roof Material: Membrane

HOA

  • Has HOA: Yes
  • Association: Cypress Run Condominium Association
  • HOA Fee: $124/annually
  • Additional Association: Sugarmill Woods Community

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 18E20S130010000H0033.A
  • Lot Size: 622 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1981

Tax Information

  • Annual Tax: $2,072

Utilities

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

Location

  • County: Citrus

Listing Details


Listed by:
Amy Maki
TROTTER REALTY
(352) 697-2723

Source:
Stellar MLS
MLS#: OM707852
Stellar MLS

Investment Summary


Monthly Cash Flow
$91
Cap Rate
6.7%
Cash-on-Cash Return
2.5%
Debt Coverage Ratio
1.09
Internal Rate of Return (5 years)
6.4%

Purchase Details

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Purchase price:
$189,000
Amount financed:
-$151,200
Down payment:
$37,800
Closing costs:
$5,670
Rehab costs:
$0
Initial cash invested:
$43,470
Square feet:
1,643
Cost per square foot:
$115
Monthly rent per square foot:
$1.10

Financing Details

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Loan amount:
$151,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$968
Property tax:
$173
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,267

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$173-$2,072
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (1%)
1%-$10-$120
Total operating expenses: (35%)
35%-$633-$7,592

Cash Flow


Monthly Yearly
Net operating income:
$1,059 $12,708
Mortgage payments:
-$968 -$11,616
Cash flow:
$91 $1,092