446 Pine Lane
About This Property
Whole house audio lets you enjoy your favorite tunes and move about the cabin to entertain friends and extended family without missing a beat. Soaring two story ceiling with heavy woods beams add charm to this 3-bedroom 3-bathroom gem.
Oversized Master takes up the whole Second floor and offers a woodsy bathroom and private balcony for stargazing or sipping hot coffee on those crisp mornings. Main level offers a grand, wood burning, stone fireplace that is sure to warm the whole place. Just outside the two-story Great Room, the covered porch will quickly become your favorite place to relax and enjoy the seclusion of life in the mountains. Fresh air, nature humming, spring is around the corner. Head downstairs to the media room to relax and catch a game with your friends on your hi-end projector, video screen, and mounted 4 speaker system or host friends on the covered patio overlooking Rapier Mill Creek with fire pits in front and in back of the home!
Every room on the back of the house - on all 3 levels opens to a covered outdoor living space. This home even has a huge workshop for your favorite hobbies, woodworking, leather working, building anything, tinkering or set up that Lionel train set. The workshop also has a sizable cedar closet.
High dollar price Wellness and Lifestyle upgrades abound including New Whole House water filtration system for pristine water with water softener, manganese filter, and carbon filters. New Generac back up power system keeps you comfortable no matter the weather. New Water Heater, gutter guards, camera system are additional enhancements this meticulously maintained cabin offers and the mobile phone signal boosting system will keep you connected to friends beyond the mountains. Over $35,000 in upgrades!
Come see where Pine Lane ends, you just might find this is where your new adventure begins!
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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