414 Private Road 5861
About This Property
apartment, and 25x50 workshop on a scenic circle drive. The heart of the home is the kitchen, beautifully
updated with warm wood shaker cabinets, granite countertops, stone backsplash, peninsula island with
storage, and KitchenAid appliances-offering both style and function. Bathrooms are equally impressive
with quartz counters, shaker vanities, vessel sinks, subway tile, and custom storage. Enjoy lake views from
the living, dining, and kitchen areas, or relax on the 70' front porch or 54' enclosed patio. The primary suite
offers lake views, outdoor access, and a spa-like bath with dual-head shower and walk-in closet. Guest
apartment includes kitchenette, full bath, lake views, and private entrance. Workshop offers two 25x25
spaces - One side a game room with wood beam ceiling, powder bath, & is pre-wired for A-V. Multiple RV
hookups, 2 carports, and a boathouse with lift, dock, storage, and underwater lights complete - perfect for
fishing day or night. A true waterfront retreat. FULL FEATURES LIST AVAILABLE
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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 28, 2025 | Sold | ||
| Sold | |||
| May 8, 2025 | In contract | - | |
| In contract | |||
| Mar 25, 2025 | Listed by Keller Williams Rockwall | $575,000 | |
| Listed by Keller Williams Rockwall | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017