35 Marlin Drive
About This Property
Modest on the outside, lovely on the inside! Two rental cabins on one property located
just minutes to Broken Bow Lake, Lower Mountain Fork River, the new Choctaw Casino and a
multitude of Hochatown restaurants and entertainment! Cabins are located on a single 16,875
SF property with combined utilities (i.e., water, electricity and internet) and must be sold
together. Total asking price is $529,000.
THE HIDEAWAY
This cabin sleeps six on two levels. Built in 2000, upgraded in 2022-2023, this cabin features
updated kitchen and bath (including washer and dryer), vaulted ceilings, new floors, a
downstairs primary bedroom with queen bed, and an open loft bedroom upstairs with two
additional queen beds. A relaxing hot tub is featured on the large, covered deck out back, with
a fire pit and group seating beyond to enjoy the surrounding peaceful forest.
THE COTTAGE
This cabin sleeps two and is a guest favorite honeymoon get-away. The cabin was completely
remodeled in 2021 (formerly a small studio) and features a full kitchen, breakfast nook,
beautiful bath, and separate sleeping/living area with queen bed. Outback is a lovely hot tub
and a seating area to enjoy the view and serenity of the forest.
Both cabins have a strong rental history and reputation. (A five-year rental history is available
for the Hideaway and four years for the Cottage.) Purchase includes all furnishings, hot tubs and
appliances, linens and supplies. Buyer will also benefit from reservations on the books (for
future dates) at time of sale. Property backs up to undeveloped US Forest Service land.
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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 |
|---|---|---|---|
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Oct 20, 2025 | In contract | - | |
| In contract | |||
| Aug 21, 2025 | Price Decreased |
$499,000
↓ $30K
(5.7%) | |
| Price Decreased | |||
| Jun 19, 2025 | Price Decreased |
$529,000
↓ $70K
(11.7%) | |
| Price Decreased | |||
| May 5, 2025 | Price Decreased |
$599,000
↓ $50K
(7.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017