874 FAIRWAY DRIVE
About This Property
Luxury Vinyl Plank floors and new carpet were installed in 2022 and the roof was replaced in January of 2014. The main level has an Open Floor plan with with a wood burning fireplace, a spacious primary bedroom and access to the deck with views. 2 large Bedrooms and 1 full bath are on the upper level. The lower level is perfect as a game/family room and as an overflow for guests if you need the extra sleeping space. Above the house is a private outdoor living space with a swing room for a fire pit that looks out at the mountain. The old fire access road that is above the house leads to the top of the ski slopes!
Don't let the driveway deceive you, it goes up hill and to the level of the basement entrance. There is even space to up and turn around so that you can come down facing forward.
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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 |
|---|---|---|---|
| Feb 1, 2024 | Sold | ||
| Sold | |||
| Dec 26, 2023 | In contract | - | |
| In contract | |||
| Dec 16, 2023 | Relisted | $297,500 | |
| Relisted | |||
| Nov 4, 2023 | Listed by Coldwell Banker Premier | $297,500 | |
| Listed by Coldwell Banker Premier | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017