23821 Inspiration
About This Property
Front and rear Trex decks expand usable dining and relaxing spaces. A newer shed is behind the cabin for storage of all your tools. And, ample parking for multiple cars makes it easy for friends and family to join you during your stays. The property will likely require a cash or hard money loan buyer due to its age. But, if you've been looking for a mountain home oozing with rustic charm, you will NOT want to miss 23821 Inspiration Rd!
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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 1, 2026 | Price Decreased |
$185,000
↓ $15K
(7.5%) | |
| Price Decreased | |||
| Sep 4, 2026 | Relisted | $200,000 | |
| Relisted | |||
| Aug 21, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Listed by RE/MAX LAKESIDE | $200,000 | |
| Listed by RE/MAX LAKESIDE | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017