641 Buckingham Square
About This Property
Downstairs, you'll find living quarters with separate entry. This space offers a living room (which could easily be upgraded by adding a kitchenette as plumbing is already in place), two bedrooms and a 3/4 bathroom with laundry area. Recent upgrades include LVP flooring, updated kitchen & appliances, updated bathrooms, and dual zone HVAC. The adjacent vacant lot is included. This property is located on the south side of Lake Arrowhead, surrounded by lush forest and has excellent proximity to Skypark, Skyforest and the Arrowhead Village. It also has an active STR permit and successful rental income history. Furnishings negotiable! Do not miss this opportunity to own your very own A-frame mountain cabin!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Oct 29, 2024 | In contract | - | |
| In contract | |||
| Oct 18, 2024 | Listed by COLDWELL BANKER SKY RIDGE REALTY | $499,000 | |
| Listed by COLDWELL BANKER SKY RIDGE REALTY | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 1, 2020 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017