115 Locust Road
About This Property
This charming property is set up for easy, simple lake living-with a finished tiny home, a separate hobby building, a storage shed, and an additional lot for future possibilities!
The **14' × 30' main home** features warm wood ceilings, an open living area, custom wood countertops, and vinyl plank flooring. A mini-split system provides heating and cooling, while a tankless water heater and included washer and dryer add everyday convenience.
Built by **Davis Buildings in Stigler, Oklahoma**, the home has insulated, steel-reinforced wall panels, cement-board siding, and a metal roof for easy maintenance. Water is supplied through a holding tank, and an underground septic holding tank serves the property.
Step outside onto the **13' × 8' deck** to enjoy your morning coffee or unwind while watching the evening sunset. The yard is fully enclosed with chain-link fencing, giving kids, grandkids, and furry friends room to play.
Need space for hobbies or a quiet retreat? A second, finished **16' × 12' Davis Building** is ready to become your hobby room, she-shed, or man cave.
A **10' × 8' storage shed** provides additional space for tools, outdoor equipment, and lake toys.
**The sale includes an uncleared third lot**, offering extra room and the opportunity to make the property your own.
Ready to take a look? **Call today to schedule your showing!**
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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 |
|---|---|---|---|
| Sep 30, 2026 | Listed by Eufaula Lakeshore Realty, LLC | $59,000 | |
| Listed by Eufaula Lakeshore Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017