29244 Lyon 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 |
|---|---|---|---|
| Oct 11, 2022 | Sold | ||
| Sold | |||
| Aug 22, 2022 | Listed by Wheeler Steffen Sotheby's Intl. Realty | $280,000 | |
| Listed by Wheeler Steffen Sotheby's Intl. Realty | |||
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Take a step back in time in order to appreciate this cozy mountain gem. Originally built in 1933, it still has its original mountain cabin charm with Knotty Pine walls throughout. With over $75,000 in recent upgrades, this could be a great opportunity to add your own personal touches! Perched on a lot of 7,420 square feet, there's even room to expand. Upgrades include: New Foundation, new electrical, kitchen renovation, and new exterior paint, to name a few. A large picture window is the focal point of the cozy living room where you can curl up with a good book and watch the snow fall in the winter. Or on the porch during the summer months watching the squirrels and Blue Jays argue with one another. Hungry? Stop by the Cedar Glen Malt Shop and enjoy a '57 Chevy Burger plate, among many others, paired with a yummy Chocolate Malt! As a vacation rental, it could help offset the mortgage. This would be a great little getaway and close to the ever-popular Lake Arrowhead and Lake Arrowhead Village. Also within driving distance of Stater Bros. and numerous local restaurants. What are you waiting for? Schedule a visit today! Directions: Take Hook Creek Road to Lakeview and turn left. Drive until Hemlock and keep to the right. Look for 29255 Hemlock (on your left). You'll immediately turn sharp right and the first house on your right will be it. There is no street sign there for Lyon. Furnishings are all included.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Nov 21, 2020 | In contract | - | |
| In contract | |||
| Oct 20, 2020 | Listed | $175,000 | |
| Listed | |||
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This cute little cabin has all the charm you would expect from a vintage property and sits on a large lot on a quiet street. Very private with panorama views of the mountains. Living room features a large picture window to enjoy the scenery and decks both in the front and rear of the cabin to watch the sights of nature. Large bedroom on the upper level has windows on both ends for a perfect cross breeze. Parking for several vehicles. Check it out and you will be pleasantly surprised. The manager has listed the unit size as 520 square feet.
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Property Highlights
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About Lake Arrowhead
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017