120880 S 4180 Road
About This Property
Upgrades include whole home interior paint and trim, beautifully tiled showers, granite countertops, kitchen island, new gutters, garage conversion adding valuable living space, and a ductless mini-split HVAC unit for added comfort and efficiency.
Featuring 3 bedrooms and 3 full bathrooms, there's plenty of room to gather. The spacious bunk room is a standout with two twin-over-full built-in bunk beds and a large TV area perfect for kids, guests, and lake weekends.
The location is hard to beat! From the front door, you're approximately a one-minute drive to Nichols Point, putting Lake Eufaula recreation practically at your doorstep. Launch the boat, fish, swim, or simply enjoy lake life within minutes, with ample boat parking back at home.
Currently operating as a successful short-term rental, buyers can continue generating rental income, make it a private lake retreat, or enjoy it year-round. Option to purchase completely furnished provides an opportunity for a truly turnkey property.
The home is offered with approximately 1 acre MOL out of a larger 5.07-acre tract, with the remaining 4.07 acres also available for purchase, perfect for added privacy, recreation, expansion, or future development.
Built in 2023, extensively upgraded, income-producing, and just a minute from Nichols Point; the work is done and Lake Eufaula lifestyle is waiting!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2026 | Price Decreased |
$250,000
↓ $15K
(5.7%) | |
| Price Decreased | |||
| Jul 30, 2026 | Price Decreased |
$265,000
↓ $10K
(3.6%) | |
| Price Decreased | |||
| Jun 5, 2026 | Listed by Lakeside Real Estate | $275,000 | |
| Listed by Lakeside Real Estate | |||
| Aug 16, 2019 | No longer available | - | |
| No longer available | |||
| May 27, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017