812 S Silver Cir
About This Property
The spacious primary suite features an ensuite bath, while the flexible floor plan provides exceptional versatility. The second bedroom can easily serve as a home office and opens to an expansive third bedroom--currently used as a family room. With two private exterior entrances, this space is ideal for conversion into a separate guest suite or private quarters.
An open-concept kitchen and living area create a welcoming central hub, highlighted by double sliding doors that lead to an air-conditioned Florida room--perfect for morning coffee or relaxed evenings entertaining friends.
Silver Shores is known for its exceptional amenities, including a heated pool, marina, boat ramp, clubhouse, tennis, pickleball, bocce, and shuffleboard, along with a vibrant and active social calendar--all within a gated, friendly waterfront setting.
The community is currently transitioning to a land condominium structure, allowing homeowners to own their lots with a fee simple deed. The seller has already paid the initial $25,000 assessment for this valuable upgrade.
Ideally located just minutes from all that Key Largo has to offer, with an easy commute to Miami, this home delivers the perfect blend of lifestyle, convenience, and investment potential.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017