9765 Mantova Drive
About This Property
There is some much more to tell and not enough space to add many of the additional upgrades such as the spacious screened in lanai with a spa/pool, decorative tiles and an added walkway from the front of the house to the rear.
Bellaggio has an Updated Clubhouse with a Grand Ballroom, Grand Lounge Room, Media Room and a Cafe'/ Bistro. The Library, Card rooms, Billiard room and Arts and Crafts rooms and Fitness Center are completely redone. Bellaggio is a very active community featuring dozens of clubs and activities. The Tennis Center has 10, har-tru courts with Tennis professional on site. Five Courts are Lighted for Night play. There are also 2 Professional Bocce Courts and Shuffleboard courts nearby the Tennis Center. Bellaggio attracts top-notch shows featuring star entertainment in its magnificent Grand Ballroom. Bellaggio, also, has an Indoor Pool with a spa and a large Outdoor Resort Pool with a Updated Wonderful Cafe. Pickleball is coming to Bellaggio in the fall of 2019. There is so much to do in Beautiful Bellaggio!
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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