7977 Parsons Pine Drive
About This Property
Spacious 4 bedrooms 2 and 1/2 baths home in Greystone. Home built in 2008, A/C and Roof are approximately 8 years old. Updated open floor kitchen with granite counters tops and stainless steel appliances. Large family room with formal dining room.
First floor powder room. All four bedrooms are on the second floor. The ample Master Suite includes baths with a soaking tub and 2 walk in closets. The other three bedrooms are good sized and laundry room is on the second floor. Located at end of street which offers privacy. GATED COMMUNITY WITH 24 HOUR SECURITY, DIRECT ACCESS TO HAGEN RANCH ELEMENTARY SCHOOL THROUGH A PRIVATE ENTRANCE, CLUBHOUSE WITH FITNESS CENTER, TOT LOT, RESORT STYLE POOL, BASKETBALL COURT, TENNIS COURT, SOCCER FIELD AND OUTSIDE PAVILION.
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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%.
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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.
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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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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017