OFF_MARKETRisky Deal7 days on market

10855 Passage Way

10855 Passage Way, Parkland, FL 33076, Parkland, FL 33076
$1,299,000
Zestimate®:$1,250,700

Listing Price

Property image 1
10855 Passage Way, Parkland, FL 33076
Loc: Parkland, FL
Days Listed
7
Tax Assessed
$815k
Zestimate®
$1251k
Market Rate
Lot Size
7,026 sqft
Rent Estimate
$6,674/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

10

Heron Heights Elementary School

PK-5
0.8 mi away
9

Westglades Middle School

6-8
2.3 mi away
9

Marjory Stoneman Douglas High School

9-12
2.3 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
4.63%
Total ROI
12.8%
Cash Flow
$-1,560/mo
DSCR
0.76
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-05-18Listed for sale$1,299,000$425
2021-12-01Sold$722,500$236

Tax History

YearProperty TaxTax Assessment
2024$16,822.22$776,430
2023$16,552.14$753,820
2022$15,127.47$650,250
2021$3,899.16$84,310
2020$3,810.55$77,280
2019$3,652.02$70,260
2018$3,652.02$70,260
2017$3,633.14$69,210
2016$1,425.24$69,210
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
4
Baths
4
Sq Ft
3,056
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $1,299,000Rent Basis: Observed Comp Model ($6,674/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $650/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.53%

NOI: $45,876/yr

Cash-on-Cash Yield
-11.7%

On $298,770 invested

DSCR Ratio
0.57x

Negative debt coverage

5-Yr Leveraged ROI
+35.6%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$666/mo
Homeowner / Hazard Insurance-$650/mo
Vacancy Reserve (5% of rent)-$334/mo
Repairs & Maintenance (10% of rent)-$667/mo
Property Management (8% of rent)-$534/mo
Total Pure Operating Expenses-$2,851/mo
Net Investor Cash Flow
Gross Scheduled Rent+$6,674/mo
Less: Operating Expenses-$2,851/mo
Net Operating Income (NOI)+$3,823/mo
Less: Debt Service (30yr @ 6.75%)-$6,740/mo
Net Cash Flow
$-2,917/mo
$-35,007/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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