4280 Ponchartrain Drive
About This Property
Options for this property include:turnkey private vacation retreat; short-term rentals with $100k annual rents; full time home; or remodel/rebuild. Michiana is a quiet golf cart friendly community, minutes from New Buffalo, Harbor Country dining, wineries, breweries, casino and shopping. Easy access to Chicago & short way to South Bend/Notre Dame. Possible expansion or building opportunity as adjacent lakefront parcel,4295 Lake Shore Drive is available, together over 1/2 acre of lake shore.
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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