114 HILLSIDE Drive
About This Property
The heart of the cabin is the open kitchen and living area, which seamlessly connects to a spacious screened porch. The porch is equipped with ceiling fans and offers a breathtaking view of the lake. Beyond the porch, you'll discover a private beach and a lengthy dock. This dock is wheelchair accessible and comes with both electricity and water connections. For those looking to escape the sun, there's an automatic retractable canopy, providing shade for swimmers and jet ski enthusiasts.
The cabin includes a generously sized bedroom with its own ensuite bathroom. Recently, a carport was added to the property, featuring a sturdy concrete floor. This versatile space can serve as a BBQ and picnic area, perfect for outdoor gatherings.
The property comes fully equipped with essential amenities, including a washer and dryer, an instantaneous water heater, and an efficient A/C and heating system. Additionally, there's a shed on the property, which is approximately 10x15 feet in size. Lastly, the property enjoys deep water access for various water activities.
If you're interested in seeing this remarkable property for yourself, don't hesitate to call for a private showing. This turnkey lakefront cabin is an opportunity you won't want to miss!
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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 |
|---|---|---|---|
| Nov 8, 2023 | Sold | ||
| Sold | |||
| Sep 15, 2023 | Listed by NICOSIA REALTY INC. | $184,927 | |
| Listed by NICOSIA REALTY INC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017