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31634 Valley View Drive
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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%.
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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.
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 |
|---|---|---|---|
| Dec 26, 2024 | Sold | ||
| Sold | |||
| Nov 27, 2024 | In contract | - | |
| In contract | |||
| Oct 15, 2024 | Listed by COLDWELL BANKER SKY RIDGE REALTY | $350,000 | |
| Listed by COLDWELL BANKER SKY RIDGE REALTY | |||
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Nestled in the heart of the San Bernardino Mountains, this charming two-bedroom, two-bathroom cabin with all one-level living in Running Springs offers a perfect blend of rustic appeal and modern comforts. This cozy home is just under 1,000 sq. ft. and sits on a corner lot, great for those seeking a full time home, personal mountain hideaway or investment opportunity. Step inside and find vaulted ceilings with exposed beams, creating an airy, open feel. The living room is anchored by a floor-to-ceiling stone fireplace great for gathering around. Just two steps up, the raised kitchen boasts sleek stainless steel appliances, a breakfast bar, and wood-style floors that add warmth throughout the space. For outdoor relaxation, the fully fenced private patio is home to a bubbling hot tub—ideal for soaking under the stars after a day on the slopes, trails or whenever your heart desires. With a whole-house generator in place, peace of mind comes standard. The home has also seen success as a short-term rental. Conveniently located near SkyPark at Santa’s Village and Snow Valley Mountain Resort, this mountain gem is approximately halfway between Lake Arrowhead and Big Bear, offering easy access to hiking, skiing, and year-round outdoor adventures. Discover all that Running Springs has to offer.
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| Jul 7, 2021 | Sold | ||
| Sold | |||
| May 21, 2021 | Listed by Brad Schmett Real Estate Group | $350,000 | |
| Listed by Brad Schmett Real Estate Group | |||
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Whether you're looking for a comfortable home to make your own or a quality investment in the heart of the San Bernardino Mountains, this one might check off all the boxes on your wishlist! Vaulted wood ceilings with exposed beams and a large floor-to-ceiling stone gas fireplace highlight the living room, creating a tranquil space to relax after a long day on the slopes. Newly renovated, the raised kitchen is equipped with stainless steel appliances and a breakfast bar while beautifully-painted cabinets and hardwood-style floors are on show. Imagine stepping outside on a cool winter's night to enjoy the hot tub on your private, fully-fenced patio. It also has a new whole house generator for peace of mind. You'll appreciate the confidence in possible added income with its proven AirBNB success. Ideally located close to Snow Valley, Santa's Village, hiking, and halfway between Lake Arrowhead and Big Bear Lake for activities like boating and fishing. This delightful abode in Running Springs could be the mountain getaway you need to escape from the stresses of daily life. Why just read about it when you can come experience it for yourself?
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017