665 Private Road 5881
About This Property
The living area and game room are highlighted by vaulted gambrel ceilings, custom built-ins, and a brick fireplace with a Heatilator and separate ductwork. Lake views are available from living and dining rooms and both bedrooms.
Kitchen includes an 11-foot curved granite breakfast bar, generous counter space, slide-out cabinetry, and an oversized pantry.
Additional spaces: game room with a Murphy bed, two home office areas with custom built-in cabinetry, a 46-by-11-foot screened patio, and a 12-by-18-foot air-conditioned studio-workshop. 1,420-square-foot, 3-bay garage with air-conditioned workroom and a separate storage room. Mature trees, multilevel patios, extensive lake-fed irrigation with 100 sprinkler heads and 2 controllers, fruit and vegetable plantings, and a large circular drive complete the property.
Improvements: 2019: Rebuilt boat dock, added boatlift, renovated kitchen, 6 security cameras w monitors. 2020: Rebuilt workshop; updated and added ductwork; installed a new 5-ton variable-speed AC, heat pump.
2021: Installed a new 2-ton AC, heat pump; replaced dishwasher; Generac whole-house generator; upgraded the main electrical panel; replaced roof on the house, garage, workshop, 50-gallon water heater. 2022: Installed alarm system. 2024: Replaced oven, convection oven, and microwave. 2025: Replaced cooktop and carpet.
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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%.
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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.
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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 |
|---|---|---|---|
| Aug 15, 2026 | Listed by Listing Results, LLC | $880,000 | |
| Listed by Listing Results, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017