198 Cranberry 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 |
|---|---|---|---|
| Nov 5, 2026 | Listed by The Brokerage House | $109,900 | |
| Listed by The Brokerage House | |||
| May 29, 2015 | Sold | ||
| Sold | |||
| Apr 10, 2014 | Listed by HOWARD HANNA REAL ESTATE SERVI | $74,900 | |
| Listed by HOWARD HANNA REAL ESTATE SERVI | |||
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Cute impeccably maintained lakefront home on Little Cranberry Lake with channel access to Big Cranberry Lake. Boat launch & swimming area both a short walk up the street. Lake is deep & the fishing is great. Motors are allowed on fishing boats & rafts, but no speed boats or jet skis are allowed. Bathroom, roof, windows & furnace have all been recently redone or replaced. Crawl space has its own sump pump & has been mold proofed. Dock, appliances & furnishings can all stay with the new owners. Home is on leased land with a $120 a year payment due every Jan 1st. Owner before current owner was paying $120/year & current owner has had the property for over 10 years & rent has never been raised. If owner of the land ever decides to sell, the property must be offered to the home owner for purchase at the current appraised value. The interior is all done in knotty pine. The yard is fenced & has a 2 car detached garage. Across the street is a vacant lot for gardening or parking.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017