9425 Fern Drive
About This Property
This 2 Bedroom/1 Bath Cabin has been lovingly updated and upgraded, sits on almost 1/2 acre mountainside. Entry features artistic stone steps and convenient 2-Car carport with overhead storage. A workshop shed, and additional storage shed are included.
Inside, warm original knotty pine walls and ceilings, franklin style wood stove and forced air heat, New Quartz kitchen counters and farm style sink. Relax in your original cast-iron soaking tub. Main floor bedroom with its own entrance. Room for 2 additional bedrooms in the finished Attic. Maintenance free Tin Roof-I can almost hear it raining right now. Soothes you to sleep. See this one of a kind mountain retreat today.
This is perfect for a weekend getaway or someone who wants to live in a magical place-just an easy mountain drive on Highway 38. Palm Springs and the Orange County Beaches are about an hour away. Easy commuting to work or play.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jun 2, 2020 | Sold | ||
| Sold | |||
| Mar 8, 2020 | Listed by MATRIX ESTATE GROUP | $224,900 | |
| Listed by MATRIX ESTATE GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017