11815 Waldron Road
About This Property
Imagine waking up to sparkling water views and enjoying endless natural light cascading through the vaulted ceilings, a signature feature of this amazing Home. The open-concept layout ensures you're always connected to the beauty outside, whether you're cooking in the brand new, designer kitchen, doing dishes, or relaxing by the fireplace while watching TV - it simply doesn't get better than this! No detail was overlooked in this top-to-bottom remodel. The brand new kitchen features newer appliances and seamlessly flows into the living and dining areas, creating an ideal space for entertaining. Both bathrooms have been tastefully updated, and major updates include a new roof, a new water softener system, and a brand new generator hook-up, ensuring peace of mind for the next homeowner.
Step outside onto the massive wrap-around deck, the ultimate hangout spot for soaking up the sun with your morning coffee before hitting the water. And the best part? A dock has already been secured for the year at the closest possible lottery mooring site on private Lake Leann! This means you can unpack, get your boat registered, and immediately start enjoying all the benefits of lake life.
Lake Leann is a private, all-sports lake community offering clear spring water, sandy beaches, private parks with gated boat launches, and plenty of opportunities for fishing and water activities. With nearby communities offering golfing, shopping, and dining, plus the Michigan International Speedway just a short drive away, there's always something to do.
The seller has truly done everything to make this move-in ready home a dream come true. Don't miss your chance to own this stunning lakeside retreat!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017