861 Allen Drive
About This 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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 19, 2025 | Sold | ||
| Sold | |||
| Feb 26, 2025 | In contract | - | |
| In contract | |||
| Feb 17, 2025 | Listed by Coldwell Banker Woodland Schmidt | $1,999,900 | |
| Listed by Coldwell Banker Woodland Schmidt | |||
| Oct 10, 2019 | Sold | ||
| Sold | |||
| Feb 25, 2019 | Listed by Coldwell Banker Woodland Schmidt | $1,250,000 | |
| Listed by Coldwell Banker Woodland Schmidt | |||
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Gorgeous home on Lake Macatawa located on Allen Drive, a quiet, not busy, easy in & out street off S Shore Drive! The location of this home could not be better with amazing views down the narrows & up Pine Bay on Lake Macatawa. There are great views of ships coming in from the harbor and of the expansive bay. Includes a long, deep dock and ample driveway space. Most of the rooms in the home have views of the beautiful lake & the main level has 180 degree lake views. Main level has 1.5 bathrooms, an office, two cozy fireplaces, & laundry room with ample counter surfaces & storage space. Most of the areas in the home have heated floors. The master suite is located on the upper floor with a spacious master bath featuring a soaking tub with lake views & heated floors. There are 5 bedrooms & 3 full baths upstairs, a rec. room currently used as an office, & a full apartment above the garage.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017