6855 Fallen Leaf Trail
About This Property
Main floor living with large Primary Bedroom and bathroom. Open living spaces from the kitchen to the living room and on to 2 guest rooms and guest bath. Finished walk out lower level with 2 more bedrooms, full bathroom and additional living room, family room, dining area and wet bar.
New a/c in 2021, on demand hot water installed in 2023. Seller is a licensed Realtor in the State of Michigan.
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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 |
|---|---|---|---|
| Dec 15, 2023 | Sold | ||
| Sold | |||
| Nov 3, 2023 | Listed by Coldwell Banker Woodland Schmidt Saugatuck | $525,000 | |
| Listed by Coldwell Banker Woodland Schmidt Saugatuck | |||
| Jul 23, 2015 | Sold | ||
| Sold | |||
| Feb 28, 2012 | Sold | ||
| Sold | |||
| Dec 28, 2011 | Listed by Coldwell Banker Woodland Schmidt Saugatuck | $249,900 | |
| Listed by Coldwell Banker Woodland Schmidt Saugatuck | |||
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Last Updated: 2 years ago
Data Source: MichRIC, MLS# 23140898
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Phone: 425-283-2930
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