Paradise on the lake! Here is your chance to own this hidden gem on
fully recreational Cedar Lake! This contemporary home offers
approximately 100 feet of waterfront, walk-in beach and lakefront
deck with stunning western sunset views. The open floor plan
features cathedral ceilings, skylight, abundant natural light, and
walls of windows for passive solar heat. The updated kitchen
includes granite countertops, stainless steel appliances, and gas
range, flowing seamlessly into the main living area and dining
areas. The entire first floor has radiant heat for a very
comfortable warmth. Your feet will appreciate the radiant heat in
the 2 upstairs bathrooms as well! Enjoy your morning coffee on the
private deck off the main bedroom overlooking the lake. The main
bathroom has walk in shower, skylight, and jacuzzi soaking tub. The
finished lower level has 2 bedrooms, full bath with walk in shower,
pellet stove and sliders to the new screened patio to fully enjoy
the outdoors in the evening. This lower level provides flexibility
for guests, recreation, home office or ADU. A three-car garage
offers ample storage for vehicles and watercraft and 2 storage
sheds. Enjoy boating, swimming, fishing, kayaking, or simply
relaxing on the waterfront deck. The landscaping has many
perennials, blueberry bushes, raspberry bushes, and fruit trees.
Updates include gas fireplace, roof, driveway, hardwood and vinyl
flooring, heating system, lighting, bathroom updates, exterior
stain, interior paint, concrete patio with screen room and under 42
foot composite deck, garage doors and openers. The home is located
on a cul-de-sac and has a beautiful open backyard for parties, so
lots of space and parking for your guests! Don't miss this
opportunity to own your lake dream home!
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.
Appliances: Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, Range Hood, Plumbed For Ice Maker
Flooring Type: Tile, Hardwood, Flooring - Vinyl
Laundry Features: Electric Dryer Hookup, Washer Hookup, Flooring - Stone/Ceramic Tile, Second Floor
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017