403 Leonard
About This Property
With an established AirBnB, excellent reviews and producing enough income to cover the mortgage, the cabin offers comfort and a chance to own property for short-term rental, long-term rental or just for you to make this your escape! Throughout the cabin, it is filled with beautiful hard wood flooring, an upgraded bathroom, including new floors, and an upgraded kitchen. Surrounding this beautiful cabin, it gives plenty of opportunity for outdoor activities, a large shed in the back to use as storage space and a large deck with custom handmade banister to enjoy meals, BBQ, and entertain. This is your chance to own property for quick getaways with your family, friends or as a vacation rental. This peace and quite location is only a short distance from Big Bear Village, Big Bear Lake and Ski Resorts.
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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 |
|---|---|---|---|
| Mar 4, 2020 | Sold | ||
| Sold | |||
| Jan 23, 2020 | Listed by CENTURY 21 CITRUS REALTY INC | $175,000 | |
| Listed by CENTURY 21 CITRUS REALTY INC | |||
| Jul 23, 2019 | No longer available | - | |
| No longer available | |||
| Jul 14, 2019 | Relisted | $175,100 | |
| Relisted | |||
| Jun 14, 2019 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017