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About This Property
An existing road provides access through the property to a 34x40 loft barn and into the hollow, where a small pasture provides open ground among the surrounding forest. The property climbs the north-facing slope of Clinch Mountain, reaching elevations of approximately 2,260 feet at the upper portions. Views expand as the elevation increases, creating several scenic areas across the mountain.
The combination of acreage, existing access, hardwood timber, open ground, and a rural setting provides potential for a private residence, family retreat, recreational property, or rural farm. Located near Luttrell in Union County, the property offers a secluded country setting while remaining within approximately 30 minutes of downtown Knoxville.
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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 |
|---|---|---|---|
| Aug 28, 2026 | Listed by National Land Realty | $325,000 | |
| Listed by National Land Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017