7485 Linwood Drive
About This Property
Step outside to find your private oasis, where lush gardens and mature trees create a tranquil backdrop. Just a five-minute walk away, a pristine private assoc beach on Lake Michigan invites you to bask in the sun, swim, or enjoy stunning sunsets. If you prefer to bike or drive, Harbert Road Beach and Cherry Beach have places to park. Perfect for year-round getaways or a serene second home, this charming cottage promises a lifestyle of unparalleled relaxation.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| May 29, 2024 | Listed by RE/MAX Harbor Country | $595,000 | |
| Listed by RE/MAX Harbor Country | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017