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Jackson
5092 Schrah Drive
$351,000
● House - Off Market

5092 Schrah Drive

Munith, MI 49259
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,555 Ft²
$2,052
Est. Monthly
6.75%
Cap Rate

About This Property

Welcome to your dream lakefront home on Portage Lake! This stunning 3-bedroom, 2.5-bathroom residence boasts 1,960 square feet of elegant living space. The well-appointed kitchen features modern appliances and ample counter space, perfect for culinary adventures. The spacious living area offers breathtaking lake views, while the cozy bedrooms ensure restful nights. Step outside to find beautiful landscaping and a private dock for your boating pleasure. The 2.5 car garage provides ample storage, and the artesian well guarantees pristine water. Don't miss this rare opportunity for tranquil lakeside living! HOME IS ON LEASED LAND. MUST BE APPROVED BY LEASEHOLDER. CALL CARMEN BURGESS FOR LEASE INFORMATION..
Unit Size
2,555 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$137
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 years ago (MichRIC MLS #24031009)

Price History

Date / Event Date Event Price
Aug 16, 2024 Sold
Premium
Sold
Jun 26, 2024 In contract -
In contract
Jun 18, 2024 Listed by RE/MAX MID-MICHIGAN R.E. $350,000
Listed by RE/MAX MID-MICHIGAN R.E.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,190
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 0
  • Building Area: 616
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 616
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Standard Land Use Code: 0532
  • County Land Use Code: 404
  • Legal Description 1: N 1/2 LOT 12 SCHRAH SUBDIVISION PARCEL CODE OF LAND: 000-10-05-101-003-00

Neighborhood

  • School District Name: Grass Lake Community Schools
  • School Tax School District: 38090
  • Census Tract: 006801

Geography

  • District: 19
  • Parcel: 819-10-05-101-001-05
  • Lot: 12
  • Municipality: WATERLOO TWP
  • Latitude: 42.3344
  • Longitude: -84.2284

    Address

  • Full Address: 5092 Schrah Dr
  • Address - House Number: 5092
  • Address - Street Name: Schrah
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Munith
  • Carrier Code: R092
  • 4-Digit Zip Code: 9606
  • Zip Code: 49259

Valuation

    Tax

  • Tax Year: 2019
  • Tax Amount: $245,614
  • Tax Rate Code Area: 19

    Appraisal Valuation

  • Valuation Date: Jan 01, 1900

    Market Valuation

  • Market Total Value: $181,000

    Assessments Valuation

  • Assessed Year: 2018
  • Assessed Total Value: $90,500

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Jackson

Stats & Trends

Median Asking:

$234,900

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1875 ft²

Average Home Age

74.7 years

Currently For Sale

417 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: SHARON A. NORTON, RE/MAX MID-MICHIGAN R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24031009
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 5092 Schrah Drive built and last sold?
The property at 5092 Schrah Drive was built in 1930 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5092 Schrah Drive is $355,109.
What are some comparable homes to 5092 Schrah Drive?
There are currently no comparable homes to 5092 Schrah Drive.
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