109 Launch Lane
About This Property
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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 |
|---|---|---|---|
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Oct 12, 2025 | In contract | - | |
| In contract | |||
| Jul 24, 2025 | Listed by KW-Cedar Creek Lake Properties | $2,150,000 | |
| Listed by KW-Cedar Creek Lake Properties | |||
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Sprawling one-story home on a stunning open-water peninsula with approx 500 feet of shoreline. Thoughtfully designed for lakefront living and entertaining, this home offers two fireplaces, and a cooks kitchen featuring quartz countertops, walk in-pantry, and a wet bar. Private primary suite with updated bath. Guest suites each have en suite baths. Additional office and flex room provide versatile space. Separate guest quarters offer privacy for visitors. Multiple covered porches overlook the pool with water features. Detached shop ideal for storage, hobbies and additional parking. A rare lakefront opportunity with space, privacy and incredible views.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 23, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017