423 Ridgeview Drive
About This Property
This beautifully updated 4-bedroom, 3.5-bath log home offers the perfect blend of rustic charm and modern comfort. The great room features a cathedral ceiling with solid wood beams and wide plank hardwood floors set the tone for the open main level, where the floor-to-ceiling stone fireplace creates a perfect mountain home, while multiple living areas provide plenty of room for family and guests.
The oversized master suite on the main level features its own fireplace and updated bath with heated floor. The open kitchen features gas stove, dishwasher, refrigerator and a large island with granite countertop that overlooks the dining area, great room and screened porch. The upper level has two large bedrooms and a full bath. The terrace level has a large recreation room, very large bedroom and full bath.
Enjoy long-range mountain views from every level whether relaxing on the expansive deck, unwinding on the screened porch, or entertaining outdoors. There is a fenced and covered pen for your dog and plenty of parking including a one-car garage, carport, and generous open parking. The home exterior has a fresh coat of paint.
Located just minutes from the main gate and the community amenities, this cabin is large enough for the entire family while offering the peace and beauty of Big Canoe living.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017