897 Summit Pt
About This Property
From the moment you step inside, you'll be captivated by the open floor plan with breathtaking, panoramic lake views showcased through walls of windows. The main level features a spacious great room with a cozy fireplace, while the lower-level family room offers a second fireplace and a stylish wet bar-ideal for entertaining after a day on the water.
The chef-inspired open kitchen, complete with pickled cabinetry, flows seamlessly into a lakeside dining area, perfect for memorable gatherings with family and friends. Upstairs, the versatile loft provides additional space for sleeping, a private study, or an inspiring art studio.
Step outside to enjoy serene moments on the expansive upper-level deck or the lower-level patio, both overlooking the tranquil waters surrounding the lakeside of the home. The property includes a coveted 2-slip covered Private dock with year-round water-rarely found on Lake Barkley.
With two spacious garages for all your lake toys, this property is truly designed for lakeside living and entertaining. Don't miss your chance to own this exceptional Lake Barkley retreat-schedule your private tour today!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017