106 OAK WAY RD
About This Property
This cabin on Harvey's Peninsula at Deep Creek Lake offers your perfect location for making family memories, boating, tubing, jet skiing, ice fishing and xc skiing on the lake. Enjoy additional numerous outdoor recreational activities such as hiking at the nearby state parks, white water rafting, as well as being super convenient to shopping, restaurants, groceries and more.
Enjoy sitting on the deck watching the wildlife with views of the lake or the hot tub in the winter with clear roll-up curtains, giving you an extra level of comfort while soaking your sore muscles from the all the activities the area has to offer.
The cabin itself features sleeping for 9 in 3 bedrooms, bedroom furniture conveys, and 2 full updated baths. Fully upgraded kitchen offers stainless appliances, granite and a 5 burner gas range. Open concept floor plan offers both comfort and utility. Fully finished walk out basement, with custom handmade bar area, murphy bed and recreational games. Many custom touches throughout, hand hewn hand rails, under cabinet lighting, spacious owners closet, built ins in primary bedroom and more. A screened in porch upon entry, expands the living area! An ideal investment opportunity whether for year round living, a vacation retreat or potential rental income. For those looking to experience the allure of mountain living, call today to schedule a showing.
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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