3628 Coco Lake Drive
About This Property
Step inside and notice vaulted ceilings, a spacious floor plan and split bedrooms with an abundance of natural light. Located on a 55 acre lake, it is the perfect place to take your kayak or canoe out or sit on the bank and fish. The large backyard beckons you to enjoy al fresco dining, gardening, or simply basking in the Florida sunshine and enjoy breath-taking sunsets.
Coco Lakes has a very low HOA that includes lawn care, tree trimming, pest control, irrigation as well as the community amenities. The community of Coco Lakes is a pet friendly community, just steps to Sabal Pines Park which offers baseball, tennis, basketball, soccer, playgrounds and family events. Close to The Promenade that offers shops and dining. Coco Lakes has a low HOA monthly fee with a community pool. HOA fees include lawn service, irrigation, tree trimming, pest control and endless walking paths.
Located in the heart of Coconut Creek, you'll have easy access to a all major highways, Miami-West Palm, variety of amenities, including shopping, dining, parks, and top-rated schools. This residence presents a rare opportunity to experience refined living in one of South Florida's most desirable areas. Seize the chance to make 3628 Coco Lakes Dr your new home - schedule a showing today and embrace a lifestyle of luxury and tranquility.
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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.
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About Coco Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017