43888 Eagle Lake Drive
About This Property
Welcome to 43890 & 43888 Eagle Lake Drive - a rare dual-home property located on the shores of one of Southwest Michigan's most coveted all-sports lakes. This unique offering includes two separate homes, making it the perfect setup for a family compound, vacation rental investment, or primary residence with guest accommodations.
43890 Eagle Lake Drive:
This cozy 1-bedroom, 1-bathroom cottage is perched directly on the water, offering approximately 45 feet of private frontage on spring-fed Eagle Lake. Inside, you'll find a comfortable living area, a functional kitchen, and beautiful lake views - perfect for your morning coffee or a relaxing evening by the water. 43888 Eagle Lake Drive:
Just steps away sits the main home a well-maintained 2-bedroom, 1-bath ranch with an additional full bath, bonus room, and rec area in the finished basement. With the addition of an egress window, the basement bonus room could serve as a third legal bedroom. The home features granite countertops, updated finishes, and a convenient 1-car attached garage. Additional peace of mind comes with a whole house generator, ensuring you're always covered no matter the weather. Step out onto the spacious deck and take in sweeping lake views surrounded by mature trees and a peaceful setting.
Property Highlights:
200-acre all-sport Eagle Lake - perfect for boating, skiing, fishing, and swimming
Private 45' lake frontage
Combined potential for multi-generational living, income-generating rentals, or full-time residence with guest quarters
Whole house generator (43888)
Beautifully landscaped grounds with ample green space for outdoor fun
Sale includes appliances and contents of the guest cottage
Whether you're looking to escape to the lake every weekend or create a long-term investment, this is a one-of-a-kind opportunity in an unbeatable location.
Don't miss your chance to own on Eagle Lake where lifestyle meets opportunity.
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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