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399 Rainier Road
About This Property
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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 |
|---|---|---|---|
| Sep 27, 2026 | Price Increased |
$825,000
↑ $25K
(3.1%) | |
| Price Increased | |||
| Sep 1, 2026 | Listed by COMPASS | $799,900 | |
| Listed by COMPASS | |||
| Sep 30, 2025 | Listed | $889,000 | |
| Listed | |||
| | |||
|
Welcome to the A-frame retreat you've been dreaming of! This fully renovated gem, nestled amidst the trees of Lake Arrowhead, perfectly blends modern updates with timeless mountain charm. Offering a turnkey lifestyle, this home promises effortless living in a prime location. Step inside to be greeted by an inviting open living area, bathed in natural light, thanks to the striking floor-to-ceiling windows that offer breathtaking views of the surrounding forest. Cozy up by the fireplace on chilly nights or venture onto one of the three serene decks to immerse yourself in the tranquil atmosphere. The main level offers two generous bedrooms, a sleek kitchen, and a convenient bathroom, enhancing the ease of entertaining. Ascend to the upper level, where a primary suite awaits, complete with contemporary amenities and a loft providing captivating views of the space below. The versatile lower level boasts space for relaxation or entertainment, highlighted by a second fireplace to keep the ambiance warm. Step out to the concrete patio, where a rejuvenating spa invites you to unwind and soak in the mountain air throughout the year. The fenced backyard provides a secure area for pets to frolic freely. Modern conveniences include a newly installed HVAC system with air conditioning, ensuring year-round comfort. With excellent rental potential and lake rights, this home exemplifies the pinnacle of mountain living.
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| Dec 20, 2024 | Sold | ||
| Sold | |||
| Nov 12, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017