38
Map
229 Hemlock 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 |
|---|---|---|---|
| Aug 28, 2026 | Listed by Real Broker | $1,125,000 | |
| Listed by Real Broker | |||
| Dec 2, 2020 | Sold | ||
| Sold | |||
| Oct 16, 2020 | Listed by COLDWELL BANKER SKY RIDGE RLTY | $549,000 | |
| Listed by COLDWELL BANKER SKY RIDGE RLTY | |||
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Charming home situated in the desirable area of the Palisades,Lake Arrowhead. Home is situated on a flat lot, with a fairy tale feel about it, complete with white picket fence! Backyard is perfect for those balmy evenings, with a jacuzzi tub, pond, complete with water feature. House is well appointed with dining room, kitchen, with breakfast nook. Living room has a typical large stone fireplace for those cozy, cold mountain evenings. Bedroom/office and shower room. Laundry situated in the kitchen. Basement makes an ideal home gym/storage area. Upper level, has 3 bedrooms, including a large master with ensuite bathroom. Detached single garage, with extra living space above the garage, with a bathroom, would make an ideal, home office. Within walking distance to shops, restaurants, and the LAKE! Home has Lake Rights. This is a must see!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017