27442 Cedarwood Drive
About This Property
Inside, you'll be welcomed by a cozy living room featuring original wood paneling and soaring cathedral ceilings, creating a warm and inviting atmosphere. The stone fireplace adds a touch of comfort, while the expansive wrap-around deck is perfect for barbecues or quiet evenings under the stars. The main level includes two comfortable bedrooms and a convenient bathroom. Upstairs, enjoy a loft area and your own private primary suite.
The lower level is designed for entertaining, ideal for game nights or movie marathons. Step outside to the patio, where you can unwind in the hot tub and enjoy the fresh mountain air. As an added bonus, the property includes a shed/workshop for extra storage, making it perfect for all your hobbies.
The secluded location guarantees peace and quiet, while the nearby lake offers opportunities for boating, fishing, and soaking in the scenery. With ample space for relaxation and entertainment, Cedarwood is the ultimate mountain retreat.
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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 |
|---|---|---|---|
| Dec 5, 2024 | Sold | ||
| Sold | |||
| Nov 5, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $699,900 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Sep 20, 2024 | Listed by KELLER WILLIAMS LAKE ARROWHEAD | $699,900 | |
| Listed by KELLER WILLIAMS LAKE ARROWHEAD | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017