27899 Rainbow Drive
About This Property
Step inside to discover a cozy interior adorned with modern updates, seamlessly blending the rustic allure of yesteryears with contemporary conveniences. The open living spaces exude warmth, featuring a welcoming ambiance accentuated by natural light filtering through new windows. A well-appointed kitchen beckons culinary adventures, while the indoor laundry adds practicality to everyday living.
Outside, a wrap-around Trex deck invites you to bask in the serenity of the surroundings, offering idyllic views of the lush landscape dotted with blossoming dogwoods. Whether lounging in the sun-dappled nooks or hosting gatherings under the starlit sky, this outdoor haven sets the stage for cherished moments with loved ones.
Conveniently located, this cabin is just a leisurely stroll away from the vibrant village, where charming boutiques and eateries await exploration. For moments of aquatic bliss, a short walk leads to the tranquil shores of the lake, offering sandy beaches and shimmering waters for endless recreation.
Practicalities are seamlessly integrated into the cabin's allure, with public utilities, high-speed internet, and easy access via a plowed and maintained road ensuring year-round comfort and connectivity. Additionally, the property includes rights to the pristine and private lake of Arrowhead, granting exclusive access to its pristine waters and tranquil shores. This restored vintage charmer includes the newer "insulated" roof, windows, plumbing, heat/AC, electrical panel and all hardscape & landscape.
Whether seeking a peaceful retreat or a year-round residence imbued with rustic elegance, this enchanting cabin offers a rare opportunity to embrace the beauty of nature while enjoying the comforts of modern living. Discover the allure of cabin life and make this charming abode your own slice of paradise amidst the woods. (note: sq- footage may include all or part of garage)
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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 |
|---|---|---|---|
| Aug 13, 2024 | Sold | ||
| Sold | |||
| May 16, 2024 | Listed by RE/MAX LAKESIDE | $535,000 | |
| Listed by RE/MAX LAKESIDE | |||
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About Lake Arrowhead
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017