317 SILVER FALLS DRIVE
About This Property
The home features a handmade, custom kitchen, fully rebuilt in 2025 with solid wood cabinets, pull-out drawers, quartz counters, a composite sink, under-cabinet LED lighting, and Samsung Bespoke smart-control appliances. The cabinet build specs include: solid maple/birch wood species, solid wood face frames, flat panel doors with decorative edges, undermount soft-close drawer glides, soft-close adjustable concealed hinges, natural interiors, and caramel shaker exteriors.
Major upgrades include:
* Full interior renovation
*Wood look tile flooring throughout- no carpet anywhere
* Full interior neutral paint, tall, classy baseboards, crown molding, lighting, electrical fixtures
*fully remodeled bathrooms with tile showers and quartz counters (6/2020)
* New AC/furnace with Nest smart thermostat (6/2020)
* New water heater with leak detection + smart controls (6/2020)
* Hurricane-impact windows and sliders (10/2020)
* Exterior stucco and paint (4/2022)
* Chamberlain MyQ smart garage door opener (10/2023)
* Lanai rescreen (10/2024)
* Seamless gutters (1/2025)
* Screened front entry (1/2025)
*Titan whole-home water softener and filter (2/2025)
* New driveway and entry sidewalk (7/2025)
* Full roof replacement with Eagle barrel tiles (9/2025)
* Schlage smart front door lock (9/2025)
SouthShore Falls offers a full suite of amenities, including multiple pools (lagoon-style, resistance pool, and spa), a 24-hour fitness center, pickleball, tennis, bocce ball, walking and biking paths, a large clubhouse, meeting rooms, a cyber cafe, craft rooms, and a full schedule of community activities. The neighborhood is gated with a staffed entrance for added security.
The HOA covers lawn care, landscaping, irrigation, exterior grounds maintenance, private roads, security and gate staffing and full access to all amenities. Roof, exterior paint, and home structure remain homeowner responsibility, but the HOA handles the rest, keeping the neighborhood consistent, beautiful and easy to maintain.
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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%.
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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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$6,299 /mo
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$2,700 /mo
- 3 Beds
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- 2,450 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017