1115 Red Maple
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%.
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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 |
|---|---|---|---|
| May 1, 2026 | Sold | ||
| Sold | |||
| Apr 13, 2026 | Listed by Keller Williams Realty | $400,000 | |
| Listed by Keller Williams Realty | |||
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Turnkey, fully furnished, and surrounded by exceptional mountain views, 1115 Red Maple Lane is a cabin that stands out to both buyers and guests. This 1-bedroom, 2-bath retreat offers approximately 1,108 square feet with a well-designed layout that includes multiple sleeping areas, allowing it to comfortably accommodate guests and making it ideal for personal use or as a short-term rental investment.
Inside, the home combines classic mountain charm with thoughtful updates. The main level features a welcoming living area with a fireplace, an open kitchen and dining space, and a layout designed for comfort and functionality. The lower level adds flexibility with additional sleeping space and a fully remodeled bathroom, creating an ideal setup for hosting.
Outdoor living is a highlight, with two levels of rebuilt composite decking that showcase the panoramic mountain views. Whether enjoying a quiet morning, entertaining guests, or relaxing in the brand-new 7-8 person hot tub, the setting is designed for year-round enjoyment.
Recent upgrades completed in early 2025 include a new hot tub, new LVP flooring throughout the lower level, a fully remodeled lower-level bathroom, a new upper-level bathtub, a newly paved driveway, rebuilt composite decks, a retaining wall at the front porch, a new Rheem 40-gallon water heater with expansion tank, upgraded gutter guards, a crawl space dehumidifier, and replaced roof washers.
With strong rental appeal, highly desirable views, and being sold fully furnished, this property is ready for immediate use or income generation.
Receive a 1% rate reduction for 12 months when using the seller's preferred lender.
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| Feb 15, 2022 | Sold | ||
| Sold | |||
| Dec 27, 2021 | Listed by ListWithFreedom.com | $389,000 | |
| Listed by ListWithFreedom.com | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017