17 RUBY DRIVE
About This Property
Welcome to a popular Lake Arrowhead neighborhood - a rare, one-level waterfront home set on 1.5 acres with NO HOA. Bright, easy living with three bedrooms and two bathrooms, an updated kitchen, and a large deck perfect for morning coffee or evening sunsets. Private, peaceful location with direct steps to the water for fishing and relaxation Updated kitchen with modern finishes. Major systems replaced: roof, siding, windows, HVAC, water heater, and electrical panel
Detached oversized two-car garage for cars + storage or toys
Large deck overlooking the property and water access
Approximately 1.5-acre lot - privacy and room to roam. Estimated length in feet to water
Steps to the water - ideal for fishing and lakeside enjoyment
No HOA - freedom to personalize and play
This is a rare blend of move-in readiness and lakeside lifestyle - perfect as a full-time home, weekend retreat, or investment. Book your showing today and experience peaceful Lake Arrowhead living. Electric fireplace being installed with tile surround. Will be completed soon.
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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