221 North Drive
About This Property
This lake home truly reflects pride of ownership, featuring beautifully updated siding that enhances its curb appeal and inviting entrance. Inside, you'll find updated flooring that flows seamlessly throughout, complemented by accented ceilings that add a touch of style and contrast. Step outside to your private backyard oasis, where you can enjoy long summer nights gathered around the firepit, sharing stories and laughter with friends and family. The back deck is perfect for grilling delicious meals, allowing for seamless indoor-outdoor living. Additionally, the front porch has been thoughtfully converted to provide extra indoor space, perfect for cozying up with a book or sipping your morning coffee. Enjoy summers boating on the water or ice fishing in the winter! Vineyard lake offers boat slips. The current homeowner has a boat slip but the new buyer will to need to secure their own spot by adding their name to a wait list. One of the boat docking parks is within walking distance of this home!!
Don't let this opportunity slip away! Schedule your tour today and envision the upcoming summer memories waiting to be made in this delightful home.
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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