226 CRANBERRY LAKE
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 19, 2019 | Sold | ||
| Sold | |||
| Sep 7, 2018 | Listed by RE/MAX MID-MICHIGAN-BROOKLYN | $119,900 | |
| Listed by RE/MAX MID-MICHIGAN-BROOKLYN | |||
| Apr 6, 2018 | Listed by HOWARD HANNA REAL ESTATE SERVI | $120,000 | |
| Listed by HOWARD HANNA REAL ESTATE SERVI | |||
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Great opportunity to be on the lake! Tons of potential for this lake front home or cottage. Cranberry lake is one of the best fishing lakes in Jackson County. Dock your boat right outside and take a ride though the channel to get to Big Cranberry lake. Two sheds in the fenced in yard and a 1 car attached garage for storage. Great place to spend the summers! Home is on leased land and has a remaining 5 year contract at $75 A YEAR.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017