2881 Caughron Mountain Rd
About This Property
The main level offers a spacious open-concept living area with plenty of room for gathering, while the lower level features an expansive theater room and game room, creating multiple entertainment spaces for guests to enjoy. The fully updated kitchen provides abundant counter space and storage, making it well suited for hosting family vacations, retreats, and larger groups.
Adding even more value, the seller is offering a $50,000 credit to the buyer at the current asking price, providing flexibility for upgrades, closing costs, or future improvements. An appraisal completed within the past six months valued the property at over $1,000,000, offering additional confidence in the investment.
The property also includes an existing foundation located above the cabin that was never built upon, creating future possibilities for expansion or additional development, subject to buyer verification and local requirements.
Whether you're searching for a high-performing short-term rental, an investment opportunity with upside potential, or a beautifully finished second home near town, this turnkey property offers a rare combination of location, flexibility, and value.
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Cap Rate Calculator
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 20, 2026 | Sold | ||
| Sold | |||
| Jun 2, 2026 | Listed by Realty Executives Associates | $799,000 | |
| Listed by Realty Executives Associates | |||
| Jun 1, 2026 | No longer available | - | |
| No longer available | |||
| Mar 25, 2026 | Price Decreased |
$750,000
↓ $49K
(6.1%) | |
| Price Decreased | |||
| Feb 3, 2026 | Price Decreased |
$799,000
↓ $51K
(6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017