3633 Bayview Drive
About This Property
Captivating views of the glistening lake through multiple floor-to-ceiling sliding doors greet your eyes upon entry, followed by an open layout bathed in natural light and an aura of relaxation. The open layout ensures a seamless flow from cooking in your gourmet kitchen, to dining in at the oversized center island or the custom wood dining table, to hosting-extending into the waterfront yard that dreams are made of. The primary suite, commanding privacy and vistas of the water, affords an oasis from company on the main level through private access to the waterside deck, an expansive bathroom with a walk-in closet, and a soaker-tub poised for bubbles and bubbly as you unwind from the days events.
The lower level is an entertainer's paradise, featuring 3 bedrooms, a second kitchen, dining and living area, with beach bath and laundry facilities, providing guests with a private sanctuary of their very own. A 5th bedroom, currently utilized as a private home-office, is accessible through the garage, offering a personal retreat or additional space to accommodate guests for overnights.
Discover the ease of entertaining, relaxing, and gathering with those you love the most in a home thoughtfully designed to elevate every moment. Sprawling panoramas of Lake Allegan paint the backdrop to long days sharing love and laughter with good company as the sun sets over the water. Enjoy cozy nights grilling out by the crackling fire, immersing yourself in the joys of boating and kayaking from your private dock, and curating memories and traditions that are as distinct to you as the haven designed to house them all.
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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