5258 Castello LANE
About This Property
Back inside you'll find 3 large bedrooms all with custom plantation shutters. One of the bedrooms is currently being used as a home office. The primary bedroom has tray ceilings, walk-in closets and a bathroom with dual sinks and a walk-in shower. A half bath, or "powder room", can be found near the utility room. The garage has a 4 foot extension and storage racks to give you extra space for your toys.
Living in Esplanade G&CC of Lakewood Ranch is like living at a resort. It boasts 2 restaurants: The Barrel House for happy hour and fine dining, and the Bahama Bar (better known as the Tiki) for casual poolside fun and food. In addition to the resort pool and hot tub, the Wellness Center has a workout room, a fitness classroom, locker rooms and a full service spa! Tennis courts are available here as well. The Amenity Center has another pool and hot tub, a workout room, and rooms to play games and have gatherings. It is near the 8 pickleball courts, bocce ball courts and the fire pit. No need to go anywhere - it's all here! This property is not golf deeded so you do not have the rights of a golf member but as a resident, you have the opportunity to play on the private course.
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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.
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 Lakewood Ranch
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017