**Accepting Backup Offers**Immaculate one-story lakefront home in
Parkland's prestigious Cascata at MiraLago. This 4-bedroom, 3-bath
residence features a light-filled kitchen with an oversized island,
quartz countertops, contemporary cabinetry, stainless steel
appliances, and a gas range. The spacious primary suite offers lake
views, two walk-in closets, a coffered ceiling, and a custom closet
build-out. Enjoy a large covered terrace with sparkling water
views, impact windows, smart-home features, no carpet, zebra
blinds, Restoration Hardware chandeliers, a 2024 washer and dryer,
and epoxy garage flooring. Resort-style amenities include two
clubhouses, fitness center, ballroom, billiards room, yoga and
aerobics facilities, and children's areas.
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.
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