V/L 10 E Peterson Drive
About This Property
Beautiful lakefront lot on all sports Duck lake. Just in time for summer fun. This lot is level and has 50 ft of lake frontage. Enjoy swimming, kayaking, fishing or just relax and soak in the view. Add a fire pit and roast hotdogs and marshmellows as you watch the beautiful sunset over the lake.
Located 20-25 minutes from Lake Michigan and quaint resort towns.
There are 2 additional lots for sale across from this property that have lake access. They would be a great addition with room for parking or a garage or polebarn.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 8, 2026 | Sold | ||
| Sold | |||
| Apr 23, 2026 | In contract | - | |
| In contract | |||
| Apr 21, 2026 | Relisted | $149,900 | |
| Relisted | |||
| Apr 8, 2026 | Listed by Five Star Real Estate | $149,900 | |
| Listed by Five Star Real Estate | |||
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Last Updated: 6 months ago
Data Source: MichRIC, MLS# 26014148
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017