62546 Diamond View 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 18, 2026 | Listed by Cressy & Everett Real Estate | $815,000 | |
| Listed by Cressy & Everett Real Estate | |||
| Aug 25, 2026 | No longer available | - | |
| No longer available | |||
| Jun 24, 2026 | No longer available | - | |
| No longer available | |||
| Jun 24, 2026 | Listed by Michigan Lakes Real Estate Team | $829,000 | |
| Listed by Michigan Lakes Real Estate Team | |||
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Own a sprawling slice of Diamond Lake waterfront in one of SW Michigan's most coveted communities. This 2001-built ranch can be a full-time residence, weekend escape, or high-yield vacation rental. Featuring 3 bedrooms and 2 1/2 baths and a seamless layout. This open-concept design flows from the expansive kitchen into light-filled living areas. The massive 'flex' space is complete with its own bathroom and private lakefront entrance or convert it into a 4th suite.Step onto the covered deck to catch the Diamond Lake breeze, or head down to your private 100' of waterfront with a 90' seawall & 10' of gently sloping shoreline perfect for wading, this property offers the best of lake life.The big ticket items have already been done with recent upgrades: Brand New Roof & Freshly Painted Exterior, New Kitchen Appliances, New Water Heater and Updated HVAC. This Diamond Bay gem delivers the perfect mix of location & lifestyle. Welcome home to Diamond Lake in Cassopolis MI.
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| May 15, 2026 | Price Decreased |
$829,000
↓ $21K
(2.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017