24868 Edelweiss Drive
About This Property
Inside, all-new marbled epoxy flooring creates a clean and distinctive look throughout both levels. The upper entry level features a comfortable living area with a brick fireplace, built-in shelving, abundant natural light, and direct access to a private deck overlooking the wooded surroundings. The kitchen offers white cabinetry, ample storage, a breakfast bar, and an open connection to the living space.
This level also includes one bedroom and a versatile bonus room that could make an excellent home office, study, or creative space. Downstairs, the flexible layout is divided into two separate rooms with a connecting bathroom, providing plenty of possibilities for guest accommodations, a family room, game room, gym, or additional workspace.
Additional improvements include a beautifully updated walk-in shower and a new whole-house water filtration system. With multiple outdoor decks, convenient off-street parking, flexible living spaces, and easy entry-level access, this home is well suited for full-time living or a weekend mountain retreat near Lake Gregory and the shops and dining of Crestline.
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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 |
|---|---|---|---|
| Sep 30, 2026 | Listed by DYNASTY REAL ESTATE | $350,000 | |
| Listed by DYNASTY REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017