5582 Saint Armands Way
About This Property
Enjoy the convenience of a central vac system covering the entire house, including the garage, along with custom wallpaper, solid doors, crown molding throughout the main living area, and custom window treatments and drapes for the sliders. The house is equipped with a water filtration system for the entire home and features custom-built bookcases in the den and third bedroom. Additional features include a Sonos speaker system, spray foam insulation, Ring doorbell, laundry room with extra storage cabinets, a powered lanai screen enclosure, uplighting in the front and pool area, low-voltage cam lighting throughout, and dog-friendly astro turf around the pool. Step outside, unwind, and bask in the beauty of your remarkable pool. The patio is pre-plumbed for an outdoor kitchen, adding another layer of convenience and luxury to this already impressive home.
The community clubhouse, managed by a full-time lifestyle director, offers a SmartFIT Training Center powered by EGYM, event and game rooms, an arts and crafts studio, pickleball and tennis courts, a dog park, resort-style and resistance pools, a spa, outdoor event plaza, and much more. As an owner, you also have access to Westlake's Adventure Park.
Westlake's resort-style amenities include a lagoon pool with a 3-story slide, a splash pad, cabanas, lawn space for parties, an outdoor concert pavilion, basketball courts, an adult pool clubhouse (lodge), a playground, a dog park, a pump park for BMX enthusiasts, and more.
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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%.
How much can I actually make?
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 The Acreage
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017