Set within the prestigious gates of Parkland Golf & Country Club,
this exceptional estate on coveted Stonegate Boulevard offers a
rare opportunity, as homes on this sought-after street seldom
become available. Overlooking the signature par-3 golf hole, the
8,900+ SF residence features soaring ceilings, marble and hardwood
floors, a state-of-the-art movie theater, executive office, gym,
media room, and a chef's kitchen with a Viking gas range, wall
oven, built-in microwave, and butler's pantry. The resort-style
backyard boasts a heated pool and spa, summer kitchen, fire pit,
and lush landscaping. Enhanced by two 1,500-gallon propane tanks,
this is luxury country club living at its finest.
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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