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315 Fairway Drive
About This Property
The main level features an open-concept layout with a well-appointed kitchen, dining area, and a warm, welcoming living room anchored by a cozy fireplace. Step outside onto a private deck just off the living room-perfect for morning coffee or evening relaxation.
Downstairs, you'll find the spacious primary suite complete with dual vanities, a soaking tub, and separate shower. A comfortable family room with its own fireplace sits adjacent to two guest bedrooms that share a full bath, creating an ideal layout for family or visitors. An additional deck on this level provides even more space for entertaining or unwinding in the fresh mountain air.
The property also offers exceptional parking options, including backyard access via an access road, currently accommodating an RV, additional vehicle, and trailer. Combined with ample on-site parking, this home is well-suited for hosting or multi-vehicle households.
Conveniently located just a short drive from Blue Jay Village and Lake Arrowhead Village, you'll enjoy easy access to dining, shopping, and year-round mountain activities.
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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 |
|---|---|---|---|
| Oct 10, 2026 | Price Decreased |
$565,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Aug 29, 2026 | Price Decreased |
$575,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Aug 2, 2026 | Price Decreased |
$585,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| May 13, 2026 | Price Decreased |
$595,000
↓ $30K
(4.8%) | |
| Price Decreased | |||
| Apr 15, 2026 | Listed by RE/MAX LAKESIDE | $625,000 | |
| Listed by RE/MAX LAKESIDE | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017