Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
702 Desert Hills Way, Sun City Center, FL 33573, US
Copied

$248,700
BiggerPockets estimate

Off Market
702 Desert Hills Way, Sun City Center, FL 33573
2 Beds
2 Baths
1,425 Square Feet
0.25 Acres Lot
Built in 1962
Off Market
1 Units
Checked: 5 months ago
Updated: Jul 12, 2025 at 12:55AM

Investment Summary


Monthly Cash Flow
-$40
Cap Rate
6.0%
Cash-on-Cash Return
-0.8%
Debt Coverage Ratio
0.97
Internal Rate of Return (5 years)
3.2%

Property Description


0.25 Acres Lot
Built in 1962
Off Market
1 Units

This property is not currently listed for sale or rent on BiggerPockets. The details below may have been provided by the owner, a third party, or public records.

Located at 702 Desert Hills Way, Sun City Center, FL (ZIP code 33573) this single family residence features 2 bedrooms, 2 bathrooms and approximately 1,425 square feet of living space. The property sits on a 0.25 acre lot and was built in 1962.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: AttachedCarport, Driveway
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Roof Type: Gable or Hip
  • Roof Material: Composition Shingle

HOA

  • Has HOA: Yes
  • HOA Fee: $700/annually

Land Information

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

Lot Information

  • Parcel ID: U0732201XGG00000000370
  • Lot Size: 10800 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch\Rambler
  • Year Built: 1962

Tax Information

  • Annual Tax: $1,049

Utilities

  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Hillsborough

Investment Summary


Monthly Cash Flow
-$40
Cap Rate
6.0%
Cash-on-Cash Return
-0.8%
Debt Coverage Ratio
0.97
Internal Rate of Return (5 years)
3.2%

Purchase Details

Find an Agent

Purchase price:
$248,700
Amount financed:
-$198,960
Down payment:
$49,740
Closing costs:
$7,461
Rehab costs:
$0
Initial cash invested:
$57,201
Square feet:
1,425
Cost per square foot:
$175
Monthly rent per square foot:
$1.40

Financing Details

Find a Lender

Loan amount:
$198,960
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,274
Property tax:
$88
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,502

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$88-$1,050
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (3%)
3%-$58-$696
Total operating expenses: (32%)
32%-$646-$7,746

Cash Flow


Monthly Yearly
Net operating income:
$1,234 $14,808
Mortgage payments:
-$1,274 -$15,288
Cash flow:
$40 $480