27632 Alpen 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 |
|---|---|---|---|
| Feb 4, 2019 | No longer available | - | |
| No longer available | |||
| Oct 31, 2018 | Price Decreased |
$475,000
↓ $25K
(4.9%) | |
| Price Decreased | |||
| Jun 29, 2018 | Listed | $499,500 | |
| Listed | |||
| | |||
|
Expansive lake views and dramatic sunsets await you on each level of this Thunderbird home, capturing and summoning you to use your lake rights! You are high above it all with lake and tree top views from every floor including downstairs family room with wet bar and loft office! Skylights provide abundant light in all seasons. Only 5 steps to level entry with bed and bath on main level. Master suite features retreat and jetted tub with separate shower. Parking for 5 cars off paved access road. Close to North Bay Recent improvements include both decks new and all rear siding replaced, new retaining walls on down-slope in 2014, asphalt sealed in 2017 and new furnace in 2018. Large storage area under home could be converted into a garage. Strong rental history - permit is transferable. Owner at the end of the access road is full time and road is cleared as needed if snow. The manager has listed the unit size as 1824 square feet.
| |||
| May 23, 2013 | Sold | ||
| Sold | |||
| Jan 1, 2013 | Listed by Coldwell Banker Realty | $312,500 | |
| Listed by Coldwell Banker Realty | |||
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About Lake Arrowhead
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017