40 Poverty Point
About This Property
Wake up every day to peaceful lake views in this charming 3-bedroom, 2-bath home perfectly positioned on a deeded lakefront lot. Offering direct access to the water, this property is ideal for anyone who loves fishing, boating, or simply relaxing by the shoreline.
A private boat dock and boathouse and storage building make lake living effortless, while a double detached carport provides plenty of covered parking. The storage building could also very easily be used as a man-cave or she-shed! Located less than 10 minutes from shopping and restaurants, you can have country peace with city convenience! Inside, the home features a spacious open-concept living area with a cozy fireplace and large windows that frame the beautiful water views. The kitchen is designed for both style and function, complete with a kitchen island, double oven, built-in wine fridge, and a large pantry. A dedicated laundry area adds everyday convenience. The primary suite is a true retreat, offering a generous layout with a garden tub, linen closet, and plenty of natural light. Two additional bedrooms and a second full bath provide comfortable accommodations for family or guests. Enjoy outdoor living year-round on the covered patio and porch, perfect for morning coffee, evening sunsets, or weekend gatherings. This lakefront gem blends comfort, functionality, and unbeatable views-an ideal getaway or full-time residence for anyone seeking the best of lakeside living.
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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 |
|---|---|---|---|
| Feb 25, 2026 | Sold | ||
| Sold | |||
| Feb 6, 2026 | In contract | - | |
| In contract | |||
| Jan 14, 2026 | Listed by Tommy Simons (office) | $525,000 | |
| Listed by Tommy Simons (office) | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017