894 Johnson Drive
About This Property
living space with it's own entry and attached garage. It's currently used as a mother/father suite. 80 ft. of water frontage with it's own inlet to park the boat. A full concrete seawall and gazebo by the water makes this a perfect space for entertaining.
Some new painting and floor coverings have been completed, along with a beautiful White privacy fence surrounding the back yard. Unlike other lake communities, Prospect point has fully paved roads throughout.
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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 |
|---|---|---|---|
| Jul 12, 2024 | Sold | ||
| Sold | |||
| Jun 4, 2024 | In contract | - | |
| In contract | |||
| Feb 14, 2024 | Listed by CENTURY 21 Affiliated | $570,000 | |
| Listed by CENTURY 21 Affiliated | |||
| Jul 29, 2020 | Sold | ||
| Sold | |||
| Jan 24, 2020 | Listed by Midwestern Realty Group | $349,900 | |
| Listed by Midwestern Realty Group | |||
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LOCATION, VIEWS AND WATERFRONT!
80 feet of waterfront on Beautiful Marble Lake, part of Coldwater's 17 Mile Long South Chain of Lakes. Three bedroom, 1.5 bath, living room, recreation room, family room and huge 41' x 12' deck on lakeside. Lower Level Walk-Out with daylight windows, second kitchen, half bath and family room with fireplace. Storage on one end of lower level with overhead garage door. Home and lakefront lot are .75-.86 acres, gazebo at lakefront has electricity, sea-walled inlet could hold two boats.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017