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157 BRIGHT IBIS AVENUE
About This Property
The OPEN-CONCEPT FLOOR PLAN is ideal for both entertaining and everyday life, featuring a bright and spacious kitchen with WHITE 42" STAGGERED MOUNT CABINETRY, WHITE TILED BACKSPLASH, GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES, AND A LARGE CENTER ISLAND. The kitchen also offers abundant cabinet space and a seamless flow into the dining and living areas. The SPLIT-BEDROOM LAYOUT provides added privacy for the owner's suite, complete with a WALK-IN CLOSET AND ENSUITE BATH.
Step outside to the FULLY FENCED BACKYARD and enjoy relaxing mornings or evening sunsets overlooking the tranquil PRESERVE AND WATER VIEWS. Additional highlights include a 2-CAR GARAGE WITH SHELVING FOR EXTRA STORAGE, INDOOR LAUNDRY ROOM, and modern finishes throughout.
Mangrove Manor residents enjoy a COMMUNITY POOL and convenient access to shopping, dining, marinas, beaches, and major commuter routes. Located just minutes from the bay with easy access to TAMPA, CLEARWATER, AND SARASOTA. Nearby attractions include the TECO MANATEE VIEWING CENTER, LOCAL MARINAS, AND E.G. SIMMONS PARK - perfect for outdoor activities including boating, nature walks, and picnics.
DOES NOT REQUIRE FLOOD INSURANCE! This move-in ready home offers the perfect blend of location, lifestyle, and value in the growing Apollo Beach area.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017