5583 Arrowhead 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 |
|---|---|---|---|
| Aug 2, 2024 | Sold | ||
| Sold | |||
| Jul 21, 2024 | In contract | - | |
| In contract | |||
| Jun 5, 2024 | Price Decreased |
$2,995,000
↓ $105K
(3.4%) | |
| Price Decreased | |||
| Mar 18, 2024 | Listed by The Brokerage Residential LLC | $3,100,000 | |
| Listed by The Brokerage Residential LLC | |||
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Welcome to Big Cedar Lodge, a stunning 2 story home located on beautiful Possum Kingdom Lake. Enjoy breathtaking lake views from every room! A spacious, newly renovated open-concept living, dining and kitchen area offers panoramic lake views from the wall of windows. Enjoy outdoor bliss, while relaxing on the wraparound screened in porch, perfect for sipping morning coffee or hosting gatherings. The new living area features a rock wall fireplace, cedar beams and a massive granite bar with a luxurious leather finish. A second rock fireplace is the focal point from the massive upstairs deck with expansive lake views. This six bedroom retreat with a cozy bunkhouse and 3.5 baths will provide plenty of room for everyone. Enjoy the scenic surroundings on an acre of beautifully landscaped grounds with the natural beauty of the lake on your private two story dock in a beautiful cove. Whether you seek a serene retreat or an entertainer’s paradise, Big Cedar Lodge has it all.
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| Aug 26, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017