5427 SILVER SUN DRIVE
About This Property
5427 Silver Sun Drive is a three-bedroom, two-bathroom home with a two-car garage and 2,154 square feet of living space, located in the Waterset community of Apollo Beach. The home includes a dedicated office, a fenced yard, and pond views with a conservation island providing separation from rear neighbors. The property is conveniently located close to the new Waterset retail plaza with restaurants and a fitness center.
Interior features include a decorative glass front door with sidelights, tile flooring in a brick pattern throughout the main living areas, ceiling fans, recessed lighting, and an open floorplan with split bedrooms. French doors lead to the office, and the home is equipped with natural gas appliances.
The kitchen features a large center island with breakfast bar seating, pendant lighting, 42-inch upper cabinets with crown molding, stainless steel appliances, granite countertops, a walk-in pantry, and a subway tile backsplash.
The primary suite overlooks the pond and includes dual walk-in closets. The en-suite bathroom features a garden soaking tub and shower with listello tile detail, a rain shower head, a built-in bench, dual granite vanities, and a linen closet.
Outdoor living includes a covered and screened lanai overlooking the large fenced yard and pond, with views of a rear conservation island. The oversized lot provides additional space between neighboring homes.
Waterset offers community amenities including five pools, three clubhouses, fitness centers, walking and biking trails, playgrounds, dog parks, sports courts, and community event spaces, with convenient access to nearby schools, shopping, dining, green spaces, and a connected layout with nearby schools, shopping, dining, and convenient access throughout Apollo Beach and the greater Tampa Bay 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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017