12 Cherokee Hills
About This Property
Set on 1.03 acres, this property is ready for your vision. With septic already installed and home plans/drawings available, you can move forward with building your dream lake home without delay. A survey and topography map are also available, offering important insight into the land and helping streamline planning and construction.
The lot offers beautiful views of Lake Eufaula, creating the perfect backdrop for a private retreat or full-time residence.
The available slip is located in a 10-stall covered dock and comes equipped with a HydroHoist Ultra Lift, providing dependable, year-round protection for your boat. The dock is known for its reliability, allowing your boat to remain in place even through the winter months.
Build when you're ready and start making the most of everything Lake Eufaula has to offer. Call to go check it out!
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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 |
|---|---|---|---|
| May 12, 2026 | Price Decreased |
$75,000
↓ $24K
(24.2%) | |
| Price Decreased | |||
| Apr 16, 2026 | Listed by Lake Homes Realty, LLC | $99,000 | |
| Listed by Lake Homes Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017