Golf-Course View Residential Income
New
For Sale
$255,000
2451 SIFIELD GREENS Way, Sun City Center, FL 33573
Residential, SUN CITY CENTER, FL
Property Size1,188 SF
Lot Size0.06 Acres
Price / SF$214.65
Days on Market2
Property Features for 2451 SIFIELD GREENS Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Laundry Room, Bedroom 1, Laundry Room, Dining Room, Bathroom 1
Window features
Skylight(s)
Pets allowed
Breed Restrictions, Number Limit
Interior features
Cathedral Ceiling(s), Ceiling Fans(s), Central Vaccum, Open Floorplan, Solid Surface Counters, Split Bedroom, Walk-In Closet(s), Window Treatments
Exterior features
Private Entrance
Appliances
Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
Subdivision
LYNDHURST CONDO
Directions
I75 south, take exit 240A toward sun city Center, turn right onto 33rd St SE, turn left onto 14th Ave SE, turn left onto Kings Green Dr, turn right onto Lyndhurst Greens Dr, Turn right onto SIfield Greens Way, to home.
Standard status
Active
APN
U-23-32-19-78G-000000-00031.0
Size
1,188 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LYNDHURST CONDOMINIUM UNIT 31 AND AN UNDIV INT IN COMMON ELEMENTS
Tax Annual Amount
2027
Legal Description
LYNDHURST CONDOMINIUM UNIT 31 AND AN UNDIV INT IN COMMON ELEMENTS
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Amenities
central vacuum system
custom drapes
hurricane shutters
luxurious flooring
skylights
water softener
private enclosed lanai
climate-controlled lanai
24/7 guard-gated community
pristine pools
fitness centers
golf courses
Building Details
Year built
2005
Floors in Building
1
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
HOMEXPRESS REALTY, INC.
(813) 641-2500
Listed By:
Edith Rivas-Toro
(813) 714-3694
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 10:06AM
MLS# TB8548659
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,188-square-foot residential income property was built in 2005 on a 0.06-acre lot and includes two bedrooms, two bathrooms, an open floor plan, cathedral ceilings, solid-surface counters, vinyl flooring, and window treatments. The kitchen includes a range, refrigerator, microwave, dishwasher, disposal, and water softener. Central air, natural gas heat, a central vacuum system, and a climate-controlled enclosed lanai add to the home's practical features. A private entrance and spacious two-car garage are also included.
The property is positioned at the end of a cul-de-sac with views toward a golf course and lake. It is located within a 24/7 guard-gated resort community offering pools, fitness centers, and golf courses. Monthly dues cover cable, internet, water, trash, sewer, and exterior ground maintenance. The property is zoned PD and uses public sewer.
The property is positioned at the end of a cul-de-sac with views toward a golf course and lake. It is located within a 24/7 guard-gated resort community offering pools, fitness centers, and golf courses. Monthly dues cover cable, internet, water, trash, sewer, and exterior ground maintenance. The property is zoned PD and uses public sewer.
Key Highlights
- 1,188‑square‑foot residential income property on a 0.06‑acre lot
- Built in 2005 with two bedrooms and two bathrooms
- Enclosed climate‑controlled lanai with golf course and lake views
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,926
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$218,520
$218.5K
Cap Rate 7%
$156,086
$156.1K
Cap Rate 9%
$121,400
$121.4K
Market Conditions
NOI Build-Up for 1,188 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.4K $18.00/SF
− Vacancy
−$1.5K −$1.28/SF
EGI
$19.9K $16.72/SF
− OpEx
−$8.9K −$7.52/SF
NOI
$10.9K $9.20/SF
Area
Hillsborough County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$218,520
Cap Rate 7%
$156,086
Cap Rate 9%
$121,400
Alternative Uses
Best Use
Apartment 5plus
$156.1K
$136.6K – $182.1K
NOI $10,926 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$344.1K
$301.1K – $401.4K
NOI $24,084 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 33573, FL
30,913
Population
17,168
Households
1.8
Avg Household Size
68
Median Age
34%
College-Educated
94%
High-School Grad
16.8 sq mi
ZIP Area
1,840
Density / Sq Mi
$68,431
Median Household Income
$46,435
Median Earnings
$1,951
Median Rent
$270,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom home with a climate-controlled lanai, open living areas, and an attached two-car garage.
Where is this residential income property located?
The property is located at 2451 SIFIELD GREENS Way Sun City Center, FL.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1,188‑square‑foot residential income property on a 0.06‑acre lot; Built in 2005 with two bedrooms and two bathrooms; Enclosed climate‑controlled lanai with golf course and lake views
