18783 Burnham Drive
About This Property
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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 |
|---|---|---|---|
| Jan 15, 2021 | Sold | ||
| Sold | |||
| Aug 7, 2020 | Listed by Coldwell Banker Professionals ALM Manistee | $277,000 | |
| Listed by Coldwell Banker Professionals ALM Manistee | |||
| Aug 2, 2020 | No longer available | - | |
| No longer available | |||
| Nov 24, 2019 | Listed | $289,900 | |
| Listed | |||
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Deeded Lake Michigan, low bluff access right across the street! A boardwalk leads to this beautiful frontage. Lake! This view2-3 bedroom home has 2 baths, remodeled kitchen, living room fireplace with woodburner insert and solid wood wainscoting. One main floor bedroom plus main floor laundry. An addition over the garage provides a wraparound deck with lake view, a 2nd bedroom and a room that could be the master bedroom with adjoining bath. Would just need to add a door and a closet. Currentlyused as an upstairs family room with vaulted ceilings and sliding doors to deck. Large, fenced backyard has deck and garden. Close to Arcadia, Frankfort and Arcadia Bluffs Golf Course and dining. The manager has listed the unit size as 2220 square feet.
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| Oct 30, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017