263 Faye 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.
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 |
|---|---|---|---|
| Dec 7, 2023 | Sold | ||
| Sold | |||
| Oct 2, 2023 | No longer available | - | |
| No longer available | |||
| Sep 28, 2023 | Listed by ERA Sunrise Realty | $399,900 | |
| Listed by ERA Sunrise Realty | |||
| | |||
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Situated on a picturesque 1.43-acre lot just around the corner from Lake Allatoona, Little River Marina, and the renowned JD's on the Lake Restaurant, also known as The Blue Cat Lodge, this charming 3 bedroom, 3 bath brick home offers a truly idyllic retreat. With its desirable location and an array of delightful features, this property is perfect for those seeking a peaceful getaway or a lucrative Airbnb investment opportunity. The cathedral ceiling in the living room creates an open and airy ambiance, while the numerous windows bathe the room in natural light. On cooler evenings, you can cozy up by the impressive rock fireplace, providing warmth and a focal point for relaxation. The eat-in kitchen features beautiful, stained cabinetry and solid surface counter tops. The separate dining room opens into one of the highlights of this home- the large sunroom, an inviting space where you can bask in the sunlight while enjoying panoramic views of the property. Additionally, a screened porch provides the perfect spot for sipping your morning coffee or unwinding after a long day. The basement of this property boasts a 3rd bedroom and a full bath. The private backyard offers room to add a pool! Updates include new windows, interior paint, lighting & ceiling fans, insulation, front porch, drainage & landscaping.
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| Sep 3, 2023 | Relisted | $424,900 | |
| Relisted | |||
| Sep 1, 2023 | In contract | - | |
| In contract | |||
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About Cherokee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017