54730 River Drive
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 |
|---|---|---|---|
| May 4, 2026 | Sold | ||
| Sold | |||
| Apr 26, 2026 | In contract | - | |
| In contract | |||
| Mar 14, 2026 | Listed by Idyllwild Realty | $559,000 | |
| Listed by Idyllwild Realty | |||
| Apr 7, 2025 | Listed | $569,000 | |
| Listed | |||
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Welcome to this fully restored 1923 cabin on River Drive, one of the most desirable streets in Idyllwild. Located on a corner lot very close to Strawberry Creek access and downtown Idyllwild, this amazing 2 bedroom, 2 bath cabin at the corner of River and Fir has it all: upgraded electrical, plumbing, new foundation, new insulation, new appliances, new HVAC, completely upgraded kitchen and bathroom with handmade pine slab countertops, washer and dryer, skylights, and a new deck with views. But many of the original features, like the hardwood floors, river rock fireplace, walls, river rock chimney, windows, etc., were lovingly restored to maintain and highlight the cabin's original beauty. This incredibly charming cabin boasts a large living room and separate dining room, as well as a storage shed/workshop and laundry area. The .17 flat lot has plenty of room to add a garage, too. Imagine having coffee on your new handmade log bench on your new deck as you watch the sun rise over the mountain ridge. Properties on River Drive rarely come on the market. Make sure not to miss this amazing gem in the pines!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017