237 GLENDALE ROAD
About This Property
With 4 private suits, direct bath access from every bedroom, 2 fireplaces, a fire pit, hot tub, decks, covered porch and a direct path to the level lakefront /dock area, the property offers convenience and comfort regardless of the occasion.
Located less than 1 mile from many of the lake's best restaurants, movie theatre, shopping and outdoor entertainment options. You're less than 2 miles from Deep Creek Lake State Park and located within a short drive of championship golf and the Wisp Ski Resort. Great rivers and hundreds of acres of state lands are all close by offering spectacular recreational opportunities for every outdoor enthusiast.
Almost Aspen is also a great rental averaging over $ 150,000.00 in gross annual rents over the past several years. The owners have done a great job in maintaining the property as well insuring an easy transition for the new owners.
Note, that showing times are limited to times when the property is not rented and or is transitioning between rentals.
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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