229 LAKE IDA POINT DRIVE
About This Property
Outdoor living is a standout with a private boat ramp, dock, deck, and seawall, making it easy to enjoy everything lake life has to offer. Irrigation is lake-fed, keeping the grounds lush and cost-efficient. The property also includes an attached garage, a detached garage, and a four-car carport, providing ample space for vehicles, boats, and storage. Easy access with gated circular driveway.
Additional highlights include a durable metal roof, location outside of Flood Zone C, no HOA restrictions, and a county-maintained dirt road for access. Select furnishings are negotiable, and a fireproof file cabinet will convey with the sale.
This unique remodeled property combines privacy, functionality, and waterfront living-schedule your showing today.
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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