964 Timberline Trail
About This Property
This lot is offered on its own or together with 986 Timberline Trail (Lot #121), offering the unique opportunity for an exclusive two-cabin arrangement, perfect for weddings, large group events, simplified management, or a combination of personal and investment property. The cabin design includes two elevations, allowing use of nearly identical floorplans on each parcel while maintaining a unique look and feel for each cabin.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 11, 2024 | Listed by Phillips Realty Group | $195,000 | |
| Listed by Phillips Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017