105 MONASTERY WAY
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 |
|---|---|---|---|
| Apr 2, 2026 | Listed by Railey Realty, Inc. | $1,385,000 | |
| Listed by Railey Realty, Inc. | |||
| Jul 14, 2025 | Price Decreased |
$1,485,000
↓ $100K
(6.3%) | |
| Price Decreased | |||
| May 13, 2025 | Listed | $1,585,000 | |
| Listed | |||
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Iconic Lake Access Lodge at Carmel Cove – This one-of-a-kind property at Deep Creek Lake has 10 Primary Suites with an additional 2Bed/2Bath owner’s apartment on the lower level. Privately tucked away on 2 Acres of mature wooded land, you get the secluded feel of a personal mountain retreat with all the comforts of home! Featuring a massive great room with vaulted ceilings, timber accents, and an abundance of natural light. Fully renovated modern kitchen with granite tops, stainless appliances, and butcher block island bar. Breakfast nook on the way to the dining hall with its own stacked stone fireplace, coffee bar, and a wall of glass to let in the surrounding natural beauty. Covered porch off the main living area with private space on the wrap-around deck for each of the main level suites. The peaceful wooded setting for the bonfire pit. The convenient path down to your assigned Dock Slip is right next to the swimming platform in a no-wake cove. A well-established vacation rental, “Carmel Cove” has consistently averaged $100K+ annual rental income (between $100k-$140k over the last four years)! The sky is the limit for any future owner of this phenomenal lake access estate. Call today for details!
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| Jun 13, 1994 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017