The Laurel Model at The Estates at Morikami Park Road- a refined
new construction home designed for everyday luxury in a private,
gated boutique community of just 15 homes. Featuring 5 bedrooms,
5.1 baths, offices, a loft, & a 3-car garage. With the Primary
Bedroom on the 2nd level & 11' ceilings throughout, it is built for
modern living & entertaining, centered around a chef's kitchen with
2 islands, Thermador appliances, and a gas range. Enjoy true
indoor-outdoor living with a private heated pool & spacious covered
patio. The Estates at Morikami Park Road are thoughtfully designed
homes with whole-home water filtration, generator-ready, &
full-home automation options. Personalize your home by selecting
your interior finishes and upgrades. The Estates at Morikami Park
Road is limited to just 15 homes, with only 6 remaining. In
addition to the Cypress Reserve, buyers may choose from other
models in the community. A rare blend of privacy, nature, and
modern luxury, close to the best of Boca Raton and Delray Beach,
including top restaurants and the most desirable public and private
schools in the area. There are 4 total models to choose from of the
6 homes left! See Sitemap with current availability
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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