7151 Bayview Road
About This Property
Escape to your own private retreat at 7151 Bayview Rd, a stunning custom-built home nestled just steps from the pristine shores of Big and Little Wolf Lake. Enjoy access to the renowned 7-lake chain, offering an unparalleled boating experience and breathtaking wilderness scenery. This truly special location provides the sought-after ''Up North'' feel, all within a close-knit and welcoming lake community known for its fun-filled sandbar gatherings. And the best part? All this tranquility is within a close commute to Chelsea, Ann Arbor, and Jackson!
This one-of-a-kind home boasts 4 bedrooms, 2 full and 2 half bathrooms, and is designed for comfortable living and entertaining. Inside, you'll find soaring vaulted ceilings, multiple living areas perfect for relaxation, and a sizeable kitchen ideal for gatherings. The fully finished basement, complete with a bar and new carpeting, adds even more space for recreation and enjoyment. Recent updates include a newer roof, on-demand hot water heater, and a new water softener, providing peace of mind for years to come.
Beyond the home's impressive interior, a large, powered barn offers ample storage for all your lake toys and recreational equipment. A convenient concrete slab on the side provides additional parking for vehicles. And the best part? A shared dock opportunity (based on seniority) puts you right on the water, ready to explore the chain of lakes. Don't miss your chance to own this exceptional lakefront 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017