16030 Lakeshore Drive
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Mar 6, 2023 | Sold | ||
| Sold | |||
| Feb 1, 2023 | Listed by RE/MAX Harbor Country | $525,000 | |
| Listed by RE/MAX Harbor Country | |||
| | |||
|
Located in the quaint town of Union Pier, this renovated cottage is ready for summer. Completely updated and fully furnished, with three bedrooms and two baths home it is close to both Lake Michigan as well as downtown Union Pier. You will love the gorgeous three season room filled with light. The fenced backyard is a summer night hang out. Roast s'mores under the stars in your private fire pit or play a game of bocce ball. Part of Paradise Villa, a vintage bungalow courtyard, you are 1500 feet from a beautiful Lake Michigan beach. When you get back, the outdoor shower will rinse off all the sand. Union Pier's bakery, grocery and restaurants are a very short distance away. It also has it's own parking area so once you get here, you will leave the car parked all weekend.
| |||
| Oct 16, 2020 | Sold | ||
| Sold | |||
| Aug 21, 2020 | Listed by RE/MAX Harbor Country | $379,000 | |
| Listed by RE/MAX Harbor Country | |||
| May 15, 1998 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017