21
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196 Balsam Drive
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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 |
|---|---|---|---|
| Oct 19, 2026 | Listed by Your Home Sold Guaranteed Realty WEST | $324,999 | |
| Listed by Your Home Sold Guaranteed Realty WEST | |||
| Aug 24, 2026 | Listed by Your Home Sold Guaranteed Realty WEST | $324,999 | |
| Listed by Your Home Sold Guaranteed Realty WEST | |||
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Escape to the mountains in this one-of-a-kind, beautifully updated Lake Arrowhead area cabin! Offering the perfect blend of rustic charm and modern comfort, this unique retreat is situated in a quiet, peaceful neighborhood just minutes from the lake, scenic hiking, mountain biking trails, and endless off-road adventures.Step outside onto the massive front deck--the ultimate setting for sipping morning coffee, hosting family gatherings, or taking in the crisp mountain air surrounded by nature. Unlike many properties in the area, this home sits on a remarkably flat, usable lot that makes mountain living effortless. Another rare and incredible bonus for the Lake Arrowhead area is the attached garage, along with ample off-street parking for family and guests.Inside, you will find a light, bright, and meticulously updated interior that honors its classic cabin roots while feeling completely fresh and move-in ready. The floor plan is surprisingly spacious and versatile, featuring 3 cozy bedrooms, a dedicated office ideal for working remotely, a well-appointed bathroom, and an additional bonus area perfect for a game room, secondary lounge, or overflow guest space.Whether you are searching for a full-time sanctuary, a weekend getaway to recharge, or a launchpad for all your outdoor mountain activities, this property checks every single box. Rare features like flat land, a garage, and expansive outdoor living space make this cabin stand out from the rest. Schedule your private tour today and start living the Lake Arrowhead lifestyle!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017