13987 Red Arrow Highway
About This Property
Set on over an acre of land, this property ensures ample space for relaxation, recreation, and entertaining. An additional lot on the north side is also available, providing even more room to expand or develop. Just minutes from the shores of Lake Michigan at Cherry Beach, this farmhouse offers the perfect balance of privacy and accessibility.
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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 14, 2025 | Sold | ||
| Sold | |||
| Mar 16, 2025 | In contract | - | |
| In contract | |||
| Mar 10, 2025 | Price Decreased |
$399,900
↓ $75K
(15.8%) | |
| Price Decreased | |||
| Oct 11, 2024 | Listed by RE/MAX Harbor Country | $475,000 | |
| Listed by RE/MAX Harbor Country | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017