185 Fire Lane 12
About This Property
Welcome to 185 Fire Lane 12, a truly special Cross Lake property offering nearly an acre of land, 100 feet of private waterfront, your own beach, a 96-foot dock, a 4-bedroom, 3 full bath home AND a separate guest home.
The home has been thoughtfully expanded and cared for over the years, including the addition of a primary suite with full bath and walk-in closet that includes a washer/dryer. The enclosed lakeside screen room is the kind of place made for morning coffee, summer dinners and relaxing after a day on the water.
Worry-free updates are taken care of, including the roof, siding on the home, brand new primary bed carpet, guest house and shed, furnace, tankless hot water, generator, gas fireplace insert, reverse-osmosis water system and new well pump.
But what really makes this property special is what waits at the end of the expansive yard.
Follow nearly an acre down to your private beach and 100 feet of Cross Lake waterfront, where a 96-foot dock with an 8' x 16' L and bench seating is waiting for you to come, sit, and stay a while. Did you know this lake can connect you all around the world? It's true. If you're ever feeling up for that kind of adventure!
185 Fire Lane 12 on Cross Lake is more than a place by the lake-it's a place to experience lake life for years to come.
Your lake life starts here.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017