2547 State Highway 31
About This Property
The home is a renovation opportunity with major updates already completed. The perfect blank canvas to create a custom home, rental, or vacation getaway!! The land itself is full of charm, large mature shade trees, quiet surroundings, and low-traffic highway frontage for easy accessibility. Two carports provide plenty of covered parking.
Whether you're an investor, a DIY renovator, or simply looking for a property with unbeatable proximity to the lake, this property offers limitless potential and an excellent location. Home being sold AS-IS!
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 25, 2026 | Sold | ||
| Sold | |||
| Apr 28, 2026 | In contract | - | |
| In contract | |||
| Mar 16, 2026 | Relisted | $89,999 | |
| Relisted | |||
| Feb 18, 2026 | In contract | - | |
| In contract | |||
| Feb 2, 2026 | Price Decreased |
$89,999
↓ $10K
(10%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017