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660 Burnt Mill
About This Property
Rich in mountain character, the home has been thoughtfully enhanced over the years while preserving its timeless appeal. Originally it was said that this was the meeting house for the neighborhood back in the day. Prior to the current owners' purchase in 2018, significant improvements were completed, including the roof, septic system, foundation work, and siding. Since then, the owners have transformed the home by connecting all living levels, creating additional bedrooms through a garage conversion, and enclosing the loft to provide comfortable living space and flexible accommodations for family and guests.
The inviting living room showcases beautiful wood ceilings and exposed beams, creating a warm and welcoming atmosphere that perfectly complements the cabin's historic charm. Outside, enjoy a newly built deck off the main level, a relaxing jacuzzi on the lower level, and a backyard retreat complete with a fire pit and swing-ideal for gathering with friends or simply enjoying the serenity of the surrounding forest.
While the property does not include lake rights, the sellers are also offering a separate lot with lake rights for purchase, providing a unique opportunity to enjoy access to the lake and its exclusive amenities.
Whether you're searching for a full-time mountain home, weekend getaway, or investment property, this special cabin offers a rare combination of privacy, character, and modern comfort in one of Lake Arrowhead's most desirable settings just minutes away from the Arrowhead Village.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017