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14953 Arrowhead DR
About This Property
Multiple deck and patio areas take advantage of the lake views. A detached garage apartment with separate entrance, kitchen facilities, and private bath offers flexible guest or additional living space. Wrought-iron/wood-fenced yard, moderate tree cover, and a detached 2-car garage with driveway parking for up to 4 vehicles round out the property. Private boat dock on-site (dock in disrepair - sold as-is, no representation as to functionality).
Buyer to acknowledge and sign at contract: property has NO WATER SERVICE and an UNPERMITTED SEPTIC SYSTEM. Sold AS-IS, WHERE-IS. Buyer to independently verify all utilities, systems, permits, and dock condition. Bank-owned/foreclosure sale. Cash and Conventional financing accepted.
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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 9, 2026 | Price Decreased |
$884,000
↓ $15K
(1.7%) | |
| Price Decreased | |||
| Aug 4, 2026 | Listed by Jorgenson Real Estate | $899,000 | |
| Listed by Jorgenson Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017