OFF_MARKETExcellent Deal12 days on market

7489 NW 117th Lane

7489 NW 117th Lane, Parkland, FL 33076, Parkland, FL 33076
$1,595,000
Zestimate®:$1,569,500

Listing Price

Property image 1
7489 NW 117th Lane, Parkland, FL 33076
Loc: Parkland, FL
Days Listed
12
Tax Assessed
$1365k
Zestimate®
$1570k
Market Rate
Lot Size
0.29 acres
Rent Estimate
$7,958/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
0.7 mi away
9

Westglades Middle School

6-8
1.4 mi away
9

Marjory Stoneman Douglas High School

9-12
1.6 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
7.58%
Total ROI
27.6%
Cash Flow
$2,010/mo
DSCR
1.25
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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
2026-07-21Sold$1,570,000$348
2026-05-27Listed for sale$1,595,000$354
2021-07-14Sold$1,200,000$266
2021-04-27Pending sale$1,100,000$244
2021-04-27Contingent$1,100,000$244
2021-04-20Listed for sale$1,100,000$244
2003-12-19Sold$852,500$189
2003-03-31Sold$760,200$169

Tax History

YearProperty TaxTax Assessment
2025$21,990.02$1,169,960
2024$21,403.48$1,136,990
2023$21,325.46$1,103,880
2022$20,343.13$1,071,730
2021$13,297.9$696,830
2020$13,070.43$687,210
2019$12,936.62$671,760
2018$12,936.62$659,240
2017$12,519.81$645,690
2016$12,694.6$632,410
2015$12,724.58$628,020
2014$13,028.08$623,040
2013$13,028.08$707,200
2012$12,631$603,580
2011$12,992.6$648,630
2010$13,033.7$613,290
2009$12,209.9$608,010
2008$17,408.7$906,060
2007$18,336.9$934,250
2006$19,576.7$911,470
2005$0$884,930
2004$18,165.2$742,690
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
8
Baths
5
Sq Ft
4,506
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: $1,595,000Rent Basis: Observed Comp Model ($7,958/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $798/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.17%

NOI: $50,581/yr

Cash-on-Cash Yield
-13.3%

On $366,850 invested

DSCR Ratio
0.51x

Negative debt coverage

5-Yr Leveraged ROI
+27.8%

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)-$1,115/mo
Homeowner / Hazard Insurance-$798/mo
Vacancy Reserve (5% of rent)-$398/mo
Repairs & Maintenance (10% of rent)-$796/mo
Property Management (8% of rent)-$637/mo
Total Pure Operating Expenses-$3,743/mo
Net Investor Cash Flow
Gross Scheduled Rent+$7,958/mo
Less: Operating Expenses-$3,743/mo
Net Operating Income (NOI)+$4,215/mo
Less: Debt Service (30yr @ 6.75%)-$8,276/mo
Net Cash Flow
$-4,061/mo
$-48,732/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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