24838 Felsen Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Apr 5, 2023 | No longer available | - | |
| No longer available | |||
| Feb 26, 2023 | In contract | - | |
| In contract | |||
| Feb 17, 2023 | Listed by RE/MAX Lakeside | $379,000 | |
| Listed by RE/MAX Lakeside | |||
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On a quiet, maintained mountain road just minutes from Hwy 18 and downtown Lake Gregory. The road curves slightly at the entry of the easily accessible driveway with 2 car off-street parking (minimum required to obtain a short term rental permit). A stone path leads through the trees, your trees and up just a few steps to the front door. Entering, you see nothing but green from every window, the sun filters in through the sky-lights. To your left you have an open concept living area complete with beamed ceilings and a large deck right off the main living room. The windows are dual-pane to keep the heat in. The focal point of the living area is the wood-burning fire place, visible from every point of the main room. The white walls, countertops, stainless steel appliances & modern decor contrast beautifully with the 1955 beamed ceilings. Up 3 steps, we have a full bath. The shower tub-combo is conveniently detached from the sink & toilet, for efficient use. Stackable laundry is inside. Finally we have 2 bedrooms, 1 currently being used as a work-space/work out room. What more could you want out of a mountain cabin? Come see for yourself before this tree'd Valhalla is gone. The manager has listed the unit size as 936 square feet.
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| Oct 5, 2020 | Sold | ||
| Sold | |||
| Aug 15, 2020 | Listed by COLDWELL BANKER SKY RIDGE RLTY | $249,900 | |
| Listed by COLDWELL BANKER SKY RIDGE RLTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017