1609 CHEYENNE Trail
About This Property
Step inside to find two spacious living areas-one featuring a cozy wood-burning fireplace, ideal for chilly evenings, and the other currently being used as a game room and optional 4th bedroom. The sequestered primary suite offers privacy and space with a large walk-in closet and direct access to a separate utility room through the ensuite bath.
Enjoy mornings or evenings on the Impressive covered patio, perfect for lakeside lounging or hosting family and friends. The HVAC system is just 3 years old, offering peace of mind and energy efficiency. A newer fence with a large gate on the east side adds both security and accessibility, while the expansive driveway offers ample parking for guests, trailers, or lake toys.
With direct canal access, a private boat slip, and all the comforts of a well-planned home, this is more than just a lake property-it's a lifestyle.
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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 |
|---|---|---|---|
| Aug 17, 2026 | In contract | - | |
| In contract | |||
| Aug 3, 2026 | Relisted | $535,000 | |
| Relisted | |||
| Aug 1, 2026 | No longer available | - | |
| No longer available | |||
| Jun 23, 2026 | Price Decreased |
$545,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Jun 1, 2026 | Price Decreased |
$555,000
↓ $4K
(0.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017