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10131 Birch Drive
About This Property
Located on one of Mid-Michigan's hidden gems, this spacious home is ideal as a year-round residence, vacation getaway, or income-producing property. Lake Steven is known for excellent fishing, peaceful waters, and abundant wildlife. Enjoy lake views from the screened-in porch, or relax outdoors on the back deck and around the two firepit areas. The property also features a chicken coop along with mature apple, pear, and peach trees, adding charm and a touch of hobby-farm living to this unique waterfront retreat. Inside, the home features an updated chef's kitchen, 4 bedrooms, and plenty of space for entertaining. The second-level primary suite includes a gas fireplace, private balcony, and beautiful lake views, while the main living room offers a cozy wood-burning fireplace. The home also features two full bathrooms upstairs and a half bath on the main level.
With two separate kitchens and a flexible layout, the property offers excellent potential for multi-family living, short-term rentals, or Airbnb use. The lower-level bedroom and living space could easily function as a private in-law suite or guest quarters.
Additional highlights include an attached single-car garage, detached garage, and well-maintained HVAC system. Don't miss this versatile lakefront opportunity at 10131 Birch Rd, Riverdale, MI!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 20, 2026 | Sold | ||
| Sold | |||
| Jun 2, 2026 | In contract | - | |
| In contract | |||
| May 11, 2026 | Listed by Re/Max Real Estate Professionals | $309,900 | |
| Listed by Re/Max Real Estate Professionals | |||
| Sep 9, 2025 | No longer available | - | |
| No longer available | |||
| Aug 23, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017