7371 W M-116
About This Property
Living in Ludington being part of a community with a number of amenities. Enjoy the charming downtown area, filled with unique shops, dining options, breweries, parks, marinas and more . Explore the stunning Ludington State Park, with miles of hiking and biking trails, scenic picnic spots and easy access to the sugar sand beaches of Lake Michigan. Seasonal events, farmer's markets, and the iconic Ludington lighthouse and the Badger Carferry , add to the area's charm and appeal. Don't miss the opportunity to make this home your own. Whether you're looking for a peaceful year-round residence or a seasonal getaway, this property offers the best of both worlds. Schedule your showing today and start living the Ludington lifestyle!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 9, 2024 | Sold | ||
| Sold | |||
| Jul 2, 2024 | In contract | - | |
| In contract | |||
| Jun 27, 2024 | Listed by Greenridge Realty S Rath | $325,000 | |
| Listed by Greenridge Realty S Rath | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017