Welcome to 711 Crested Lark, a beautifully upgraded Botanica Plan 3
home in the award-winning community of Rancho Mission Viejo,
featuring over $261,000 in builder-selected upgrades. This is a
home where the attention to detail really stands out, from the
custom wall treatments and hardwood flooring to the designer
kitchen and beautifully finished bathrooms. The entry makes an
immediate impression with vertical shiplap wainscoting and a
shiplap ceiling, while the great room features custom built-in
cabinetry and surround sound speakers. One of the biggest standouts
is the kitchen, featuring a beautiful Calacatta-look quartz
waterfall island, contrasting black island cabinetry, white shaker
perimeter cabinets, upgraded Cafe stainless steel appliances, a
single-bowl cast iron sink, touch-activated matte black faucet,
reverse osmosis system, cabinet pull-outs, and soft-close doors and
drawers. Gorgeous hardwood flooring, including herringbone
detailing in the main living areas, adds warmth and character
throughout. The primary suite is another highlight with custom
horizontal and vertical shiplap accent walls, cased windows, and
barn doors opening to a flexible adjoining space. The primary
bathroom is beautifully upgraded with designer tile, a chevron
feature wall extending to the ceiling, quartz countertops, a tiled
shower seat, upgraded glass shower enclosure, and matte black
fixtures. The secondary bathrooms also feature upgraded tile,
framed mirrors, and designer finishes. Additional highlights
include a built-in desk in one bedroom, upgraded baseboards,
plantation shutters and woven shades, upgraded lighting with smart
dimmers, laundry room cabinetry and sink, garage epoxy flooring,
and a 50-amp garage circuit for future use. Enjoy everything Rancho
Mission Viejo is known for, including resort-style pools,
clubhouses, fitness centers, parks, trails, and community gathering
spaces. With this level of thoughtful upgrades already completed,
711 Crested Lark is truly something special.
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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