61 Hunter Ridge
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 14, 2023 | Sold | ||
| Sold | |||
| Apr 24, 2023 | No longer available | - | |
| No longer available | |||
| Apr 20, 2023 | Listed by Atlanta Communities | $525,000 | |
| Listed by Atlanta Communities | |||
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Looking for the perfect mountain getaway? Look no further than this beautiful cabin in Ellijay! With stunning mountain views from the large deck, complete with swinging chairs, this cabin is the perfect place to relax and take in the beauty of the surrounding landscape. Inside, you'll find tons of living space, perfect for gatherings with friends and family. Main level offers a master bedroom and bath, as well as a bonus room for extra guests or a small office. This home has been updated throughout, including a huge finished basement with a bedroom and bath, full kitchenette, and game room. The detailed finishings, such as cedar and walnut trim, hickory kitchen cabinets, granite counters, and true hardwood flooring, make this home feel truly special. Outside, you can enjoy the large covered porch and the many fruit trees, including apple, pear, and fig. Located behind a gated community but is not subject to HOA fees, and is super close to Carter's Lake. There are no rent restrictions, and great rental history. Each floor has a bath, and there is even a small pond on the property. The home sits on 5 acres of land, so there is plenty of room to build a second home, yurt, or cabin for more income-producing opportunities. Don't miss your chance to own this stunning cabin in the mountains!
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| Mar 13, 2023 | Listed by Atlanta Communities | $575,000 | |
| Listed by Atlanta Communities | |||
| May 18, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017