Countless upgrades are throughout this stunning 3-bedroom,
2.5-bathroom Parasol Park new construction home – still under
builder warranty! Plantation Shutters, upgraded LED recessed
lighting, luxury flooring w/ 5.5" baseboards and designer upgrades
throughout including shiplap, wainscoting and wallpaper add to the
elegance of the bright and open floorplan. The Chef's entertaining
kitchen is well-appointed w/ Quartz counters and backsplash,
dovetail drawers and soft close hinges & slides, handsfree Moen
Kitchen Faucet and soap dispenser, kitchenaid 6-Burner Range and
professional hood and Sub Zero beverage & wine fridge. Additional
features include a Ring Elite doorbell system, Crestron Home
Automation, Paradigm Audiophile Home Theater w/ In-wall subwoofers
and TV, additional whole-house insulation, Master closet w/
California Closet organizers, Marble pattern flooring in master
bathroom, USPA Bidet in Master water closet, premium artful yard
turf and a convenient two-car attached garage w/ epoxy floors, WiFi
enabled opener, electric vehicle charger and tankless water heater.
Enjoy Parasol Park's resort-style amenities that include a great
lawn, sport court, meeting house, private pool, spa and lounge,
outdoor kitchen, bocce court and more. Located within the highly
acclaimed Irvine Unified School District, nearby Irvine Spectrum,
Woodbury Town Center, amazing Great Park amenities and minutes from
the 5 & 405 freeways and 133 Toll Road. Washer, dryer,
refrigerator included.
Unit Size
1,897 Ft²
Days on Market
67 days
Land Size
-
Price per sqft
$474
Property Type
Condo
Property Taxes
-
HOA Dues
$440
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
Interior Features: Breakfast Bar, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Storage, Wired for Data, Wired for Sound, Walk-In Closet(s), BreakfastArea, SeparateFormalDiningRoom, PanelingWainscoting, AllBedroomsUp, PrimarySuite
Appliances: Double Oven, Dishwasher, Freezer, Gas Cooktop, Disposal, Gas Oven, Microwave, Refrigerator, Range Hood
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