6417 Argento Street
About This Property
This meticulously maintained home features an open floor plan, sunlit and airy, with volume ceilings. This house is great for entertaining in the large great room leading out to the extended, screened-in lanai overlooking the MAGNIFICENT UNOBSTRUCTED lake view - the current owners' favorite feature. The updated kitchen has granite countertops, back splash, wood cabinets and stainless steel appliances. The Expanded Giovanni boasts the highly desirable split floor plan - a primary suite with 2 Walk-in closets, individual sinks and separate tub/shower, plus 2 sizable guest rooms & a 4th Room which can be used as a Bedroom, Den, Office, Study or Hobby Room. There are accordion hurricane shutters throughout.
As you drive through the guarded gates you realize Bellaggio is an active community. From its well-manicured grounds and tropical plantings to its 36,000 sq ft clubhouse featuring a Grand Ballroom used for entertainment and events organized by a full-time "Lifestyle" Director. Additional amenities include 10 Har-tru Tennis Courts, 5 lighted for night play, Bocce Ball, Indoor and Outdoor Pools, Fitness Center, Bistro Cafe, and 6 Pickleball Courts. The HOA includes lawn care, exterior painting, cable, alarm monitoring & credit towards the Bistro and recreation activities. Truly the community to call your full or part time home - Bellaggio is dream living at its best!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017