4496 Lake Drive
About This Property
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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 |
|---|---|---|---|
| Sep 4, 2024 | Sold | ||
| Sold | |||
| Jul 13, 2024 | Listed by TMR Realty, Inc. | $985,000 | |
| Listed by TMR Realty, Inc. | |||
| Mar 6, 2023 | No longer available | - | |
| No longer available | |||
| Nov 21, 2022 | Listed by TMR Realty, Inc. | $1,100,000 | |
| Listed by TMR Realty, Inc. | |||
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Charming Lake Norman waterfront home with fabulous NEW dock, riprap shoreline, and outdoor living areas; located on a peaceful cove near restaurants, shopping and Mountain Creek Park. Built in 2010, the home has been well-cared for while also providing many updates. Endless possibilities with this layout-the main floor has the primary bedroom, great room, laundry and attached 2 car garage. The driveway was expanded to accommodate many guests with parking for extra vehicles and trailers. The basement, with outside access in each room, is finished with 2 bedrooms, bath, full kitchen, laundry and great room. The basement has been used as a successful vacation rental in the past. Screened porch and deck on main floor look out over the lake, the newly sodded, tiered yard and the pathways to the water. Hot tub on lower patio. The new boat dock includes 2 boat slips with electric lifts, a floater, two jet ski lifts, deck and walkway. No expense was spared--further details in attachments. The manager has listed the unit size as 2546 square feet.
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| Jun 15, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017