845 Elk Trl
About This Property
Just down from the main level, guests can enjoy one of two guest suites with their own private baths. The home extends to a lower level with another large bedroom, bunk room with four custom built-in bunk beds, bathroom, large eight person wet/dry sauna, bonus room and access to the additional single car garage. A grand bonus of a separate guest quarters with its own entrance or with access through the oversized attached three car garage. This apartment-like space features a bedroom, a bath, washer and dryer, kitchen and could provide excellent rental income. Exceptional in style and beautifully furnished, this home offers functional space and quality finishes with stunning architectural details integrated throughout. The large, wraparound, south facing deck, hot tub, and flagstone patio with fire pit allow for several outdoor options to be used for relaxing and taking in the majestic mountain views. Within minutes from your doorstep you can enjoy year round outdoor activities including world-class snow skiing and snowboarding, cross-county skiing, snowshoeing, hiking, biking, fishing and miles of amazing trails for you and your guests to explore. You can easily walk/bike to town and trails and the bus stop is just steps away!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017