176 Snow Mountain Lane
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 |
|---|---|---|---|
| Jun 12, 2025 | Sold | ||
| Sold | |||
| May 7, 2025 | In contract | - | |
| In contract | |||
| Apr 17, 2025 | Listed by High Country Resort Properties | $739,000 | |
| Listed by High Country Resort Properties | |||
| Jan 20, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 27, 2024 | Listed by High Country Resort Properties | $779,000 | |
| Listed by High Country Resort Properties | |||
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Elegant, custom built home located 2.7 miles from town of Banner Elk stoplight with an annual projected rental income of $40k to $60k. Mountain views from every bedroom. On a little over a ½ acre with zoned central heat and AC and a floor to ceiling stone propane fireplace. Living room features a beautiful cathedral TnG ceiling. 3 bedrooms, 2 full baths with heated floors plus a ½ bath. Bathrooms feature porcelain tile. Primary suite is on the main level with a large ensuite bathroom with a tub/shower combo and heated, Pologres polished floors. Custom cabinetry in the kitchen/three bathrooms. High-end flooring throughout the home with American grown, harvested, and milled solid white oak flooring. Well-appointed kitchen with a beautiful farmhouse apron sink, pull down, LED lit faucet, plenty of cabinets and granite counter space plus a island with bar seating. Low maintenance exterior with metal roofing. Broker interest.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017