464 Myrtle Lane
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 |
|---|---|---|---|
| Jul 27, 2026 | Listed by Poss Realty | $499,000 | |
| Listed by Poss Realty | |||
| Sep 23, 2024 | Sold | ||
| Sold | |||
| Aug 19, 2024 | In contract | - | |
| In contract | |||
| Aug 14, 2024 | Listed by Wynd Realty Georgia | $355,000 | |
| Listed by Wynd Realty Georgia | |||
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You will be instantly charmed by this beautiful mountain cottage that is already zoned as a 'Vacation Cottage'! Whether you choose to use it to get away from it all like the current owners, enjoy a steady income as an Airbnb like the previous owners, or do a combination of both, this is the property for you. This gem of a cottage was completely renovated in 2022 and has a spacious feel with its open concept and 10-foot ceilings. If you like to hike, your cottage sits on 4.72 acres and backs up to 14,000 acres of national forest. If you are more of a whitewater rafting or flyfishing enthusiast, you are less than five minutes from the Chattooga River and the South Carolina border. Horseback riding, lake activities, apple picking, waterfalls, and wineries are all close by, and yet a run to quaint downtown Clayton for groceries, dining, or boutique shopping takes less than ten minutes! Located at the very end of a mountain road lined by blooming mountain laurels in the spring, every trip you make to this cottage will be your favorite.
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| Jun 26, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017