Your next chapter starts in Cascade Lakes! This charming former
model home offers 3 bedrooms, 2 bathrooms, 2,008 sq ft, and a NEW
2025 ROOF! Inside, enjoy soaring ceilings, elegant architectural
details, a bright kitchen with granite countertops and stainless
steel appliances, plus custom primary closet built-ins. Accordion
shutters throughout add peace of mind. Sip your morning coffee on
the screened patio, then take a short stroll to the clubhouse for
all the activities and amenities that make this 55+ community so
special. Cascade Lakes offers an exceptional resort
lifestyle with indoor and outdoor pools, a state of the art fitness
center, sauna, ballroom, card rooms, library, billiards, and
an arts and crafts studio. Enjoy tennis and pickleball
programs with an on-site professional, plus a vibrant social
calendar filled with entertainment and activities. There's always
something to enjoy in this welcoming, active community!
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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