Well-maintained home with a new roof and updated flooring now
available in the highly desirable 55+ community of The Cascades!
This 3-bedroom, 2-bath single-story residence offers an open floor
plan, high ceilings, abundant natural light, excellent storage, and
generously sized bedrooms and living spaces. The open living
and dining areas provide plenty of room for both everyday living
and entertaining, while the spacious kitchen features updated
appliances, ample counter space, and abundant cabinetry. A
screened-in patio extends the living space outdoors and offers a
comfortable setting for relaxing or entertaining. The
desirable split-bedroom layout provides added privacy, while the
spacious primary suite features two walk-in closets and an en-suite
bath with dual sinks. Additional features include accordion
shutters, a two-car garage, and a separate laundry room. The
Cascades offers an exceptional resort-style 55+ lifestyle with a
beautifully renovated clubhouse, resort-style pool, fitness center,
tennis, pickleball, bocce, full-service cafe, clubs, classes,
entertainment, and a full calendar of social activities. Set among
beautifully landscaped grounds adjacent to Westchester Golf Course,
this gated community also offers convenient access to shopping,
dining, medical facilities, I-95, and the Florida Turnpike.
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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