3053 E Baseline Road
About This Property
The kitchen is both stylish and functional, featuring, plenty of cupboards, and generous counter space. The home includes two comfortable bedrooms along with a convenient stacked washer and dryer and a water softener.
Step outside to a large deck, perfect for entertaining or relaxing at the end of a fun-filled day while taking in stunning sunsets across the water. The fenced side yard adds extra space and flexibility.
This property is well-equipped for lake living, offering hot and cold outdoor frost-free faucets, an RV hookup in the front, an external generator hookup and two sheds for storing lawn equipment and lake toys. The front shed and dock both have electricity, and the dock with all hardware is included.
Set on an all-sports lake known for excellent fishing, frequent eagle sightings, and unforgettable sunset views, this cottage is ready for you to enjoy everything lake life has to offer. Selling in as is condition. Seller will not be doing any inspections. Water test is attached.
Easy access to M-40 and I-94 make it an ideal commute for locals or out of state buyers. A short drive to Lake Michigan and many resort towns.
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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