8880 Oak 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 17, 2025 | Sold | ||
| Sold | |||
| Feb 7, 2025 | In contract | - | |
| In contract | |||
| Jan 29, 2025 | Relisted | $1,975,000 | |
| Relisted | |||
| Jan 18, 2025 | In contract | - | |
| In contract | |||
| Dec 31, 2024 | Listed by Coldwell Banker Woodland Schmidt | $1,975,000 | |
| Listed by Coldwell Banker Woodland Schmidt | |||
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Experience lakefront living at its finest on all-sports Baptist Lake, just 30 minutes from Grand Rapids. This stunning home sits on 1 acre of manicured property with 175' of sandy frontage. Designed by architect William Litchfield, with interiors by Betty Burgess Designs of Atlanta, and built in 2016 by Josh Lohm, this property includes a 3-stall garage with a spectacular guest suite overlooking the lake—perfect for hosting family or friends. The 5,475 sq. ft. of finished living space features 5 bedrooms, 7 baths, and meticulous attention to detail. Expansive windows throughout the home showcase breathtaking lake views. Highlights include custom closets, solid surface countertops, tiled showers, a custom dog wash, and a welcoming 3-season screened porch with a fireplace. The walkout lower level boasts a state-of-the-art home gym, a rec room with a bar, and in-floor heating for ultimate comfort. Step outside to enjoy the hot tub, outdoor shower, and a private sports court for pickleball or basketball. Recognized as a Top 10 VRBO vacation rental for 2024, this exceptional property blends thoughtful design, premium finishes, and family-friendly features to create the perfect retreat or investment opportunity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017