208 PORTAGE LAKE RD
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 |
|---|---|---|---|
| Mar 29, 2024 | Sold | ||
| Sold | |||
| Dec 5, 2023 | Listed by RE/MAX MID-MICHIGAN R.E. | $150,000 | |
| Listed by RE/MAX MID-MICHIGAN R.E. | |||
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RARE OPPORTUNITY TO OWN A LAKE HOME AT A SWEET PRICE! Across from all-sports Portage Lake, home sits on leased land w/views, access for docking & sandy beach for swimming. 3-4BDRM/1.5BA home completely updated & move-in ready! Conveniently located in the heart of Waterloo State Recreation Area w/hiking trails. Decorated w/curb appeal & great parking. New cabinets & reclaimed wood counters, subway tile backsplash & appliance package included featured in the kitchen. New laminate plank floors sprawl through the kitchen, entry & brand new main floor 1/2 bath! Entertain family & friends in the spacious LR plus bonus LR that's versatile to serve as main floor bdrm or office. Private owners retreat w/balcony. Annual land lease costs are approx $6500. Great value at a fraction of lakefront cost.
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| Jun 22, 2021 | Sold | ||
| Sold | |||
| Apr 19, 2021 | Listed by RE/MAX MID-MICHIGAN R.E. | $79,900 | |
| Listed by RE/MAX MID-MICHIGAN R.E. | |||
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NOTE: HOUSE IS ON LEASED LAND !!! Here's your chance for affordable lake living! *Notice - House is on Leased Land* Remodeled home across from Big Portage Lake in Waterloo recreational area. Sandy beach access area for swimming with a shared dock for your boat or pontoon. Lake view from the master BR, 3 BRs with possible 4th non-conforming. Spacious kitchen with stainless appliances. New hot water heater, water softener, sump pump, roof, eaves, attic insulation and septic system all within last 10 years. Close to Portage Lake State Park, Jackson County Ready Park, hiking & biking trails, hunting and fishing. ALL BUYERS MUST BE APPROVED WITH LEASEHOLDER!!!
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| Nov 19, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017