1718 Elk Mountain Rd
About This Property
The Main House is a 3,600 square foot custom home with a large gourmet kitchen with granite counter tops, hickory cabinetry and stainless steel appliances which include a Viking six burner gas range.The walk out open dining room and bar area features antique style wide plank oak flooring. The main level bedroom has adjoining bath with double vanity and a free-standing shower with custom tile surround. The main level has an additional half bath, mud room and a laundry room with sink.
The 20' x 15 master bedroom provides a stunning view of 39 Mile Mountain and features a double- sided gas fireplace.The oversized five-piece bath is enhanced with 12" square custom tile flooring, a custom tiled shower with dual shower heads, and soaking tub.
Guest Cabin #1, also known as "La Casita", is an 1800 square foot cedar sided home with 1 BR and a theater room.
Guest Cabin #2, "The Mountain House" is a 1340 square foot cedar sided home with 2 BR each with full private baths.
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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