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402 Terrace Road
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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 |
|---|---|---|---|
| Mar 19, 2025 | Sold | ||
| Sold | |||
| Jan 6, 2025 | Listed by COLDWELL BANKER SKY RIDGE REALTY | $750,000 | |
| Listed by COLDWELL BANKER SKY RIDGE REALTY | |||
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Beautiful, well cared for modified Bavarian with vaulted ceilings and 4 bedrooms in coveted location. This home will capture your heart with beautiful wood tongue and groove walls from the moment you walk in. There is a bedroom on the main, and full bath, updated kitchen with granite counter tops, stainless appliances, and bar top eating area open to the living/dining room. There is a main living room with fireplace and a family/game room with gas fireplace, vaulted ceilings and skylights to capture that natural light. Downstairs you will find a bedroom with 3/4 bath on-suite and private deck. Upstairs is 2 larger bedrooms both with vaulted ceilings and full bath. Inside the build up is a large storage area along with the laundry hookups. There is a deck right off the main floor, made with composite material allowing you to take in the treehouse setting. Home is also equipped with AC, many updates throughout including dual pane windows and newer electrical panel. The homes location is close to Highway 18, the Lake Arrowhead Village, brewery, lake trails and more. You are located within Lake Rights and this home has been a successful short term rental and will come fully furnished. Don't pass this one up today.
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| May 20, 2021 | Sold | ||
| Sold | |||
| Apr 18, 2021 | Listed by COLDWELL BANKER SKY RIDGE RLTY | $624,999 | |
| Listed by COLDWELL BANKER SKY RIDGE RLTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017