547 Sullivan Way
About This Property
This cabin is more spacious than you think, and has windows overlooking the lake expanding the entire back of the home. This could be year round living, but needs a new heating system. Invest in some cosmetic upgrades and you will have a lake home to love and share with family and friends
Swimming, kayaking, fishing, bird watching, and just enjoying nature and the the sunsets. Incredible opportunity to own lake frontage in upstate NY just a few miles from the Vermont Green Mountains.
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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