50418 Cable Lakeview Drive
About This Property
tankless hot water heater, new HVAC system, whole house reverse osmosis system and a new electric panel with 200 amp service. The house has been used currently as a year round home but would also make a great summer cottage for those looking for quiet and peaceful lake life. Cable Lake is a 100 acre no motor lake and is part of the Sister Lakes located only 2 hours from Chicago and 45 minutes to Notre Dame.
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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 |
|---|---|---|---|
| Jan 17, 2024 | Sold | ||
| Sold | |||
| Sep 30, 2023 | Listed by Cressy & Everett Real Estate | $499,000 | |
| Listed by Cressy & Everett Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017