39
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9184 Paragon Way
About This Property
Step outside and enjoy the oversized lot with south/eastern exposure private backyard and covered screened lanai perfect for comfortable outdoor enjoyment during the day and evenings. Plenty room to build your own pool.
Other significant improvements are washer, dryer and HVAC replaced in 2021, roof replaced in 2016, The kitchen and appliances remodeled 2017, neutral tile flooring in 2016, laminate and wood staircase and steps in 2016, hurricane grade garage door replaced in 2018, powder room in 2017, freshly painted interior and exterior, east and south privacy fence replaced in 2018, popcorn ceilings removed in 2016. Plenty of room for a private pool.
The low HOA fee includes common areas, pool, playground, tennis court, streetlights, and sidewalks throughout. Cinnabar at Rainbow Lakes is a beautiful community. One of the few developments in Palm Beach Country that host A rated schools. Excellent location near to a wide variety of shops and restaurants, The Mall at Wellington Green, Wellington Tennis Center, world-class equestrian centers and polo grounds, championship golf courses, Whole Foods, Trader Joe's, Fresh Market, major area hospital, public parks & schools, Greenacres Freedom Park, Pinehurst Mountain Bike Trail, Lake Lytal Family Aquatic Center, Mounts Botanical Garden, Palm Beach Zoo, Norton Museum of Art, Dreher Park, City Place. Easy commute to nearby cities including West Palm Beach, Boca Raton, and Fort Lauderdale. Palm Beach
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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%.
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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.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Tartan Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017