57981 Oak Park Road
About This Property
The existing structure on the property is uninhabitable and being sold as-is, making this an ideal opportunity for those ready to build new. Enjoy breathtaking views, direct water access, and the chance to design a residence perfectly suited to your lifestyle. Discover the possibilities with this exceptional property at 57981 Oak Park Road in beautiful Three Rivers, MI. Situated on a generous [1.27-acre] lot with [50 feet] of private frontage on St. Joseph River, this parcel offers endless potential for your dream home or vacation retreat.
The existing structure on the property is uninhabitable and being sold as-is, making this an ideal opportunity for those ready to build new. Enjoy breathtaking views, direct water access, and the chance to design a residence perfectly suited to your lifestyle.
Located just minutes from Three Rivers and within easy reach of Kalamazoo, this peaceful river setting offers year-round recreationfrom boating to fishing to swimming!
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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