1045 Willard Way
About This Property
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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 |
|---|---|---|---|
| Nov 2, 2023 | No longer available | - | |
| No longer available | |||
| Sep 2, 2023 | In contract | - | |
| In contract | |||
| Aug 10, 2023 | Listed by Realty Executives Associates, North | $449,000 | |
| Listed by Realty Executives Associates, North | |||
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Welcome to your lake and mountain oasis. This Douglas Lake Resort cabin has lots community ammenities for your enjoyment including: community center, swimming pool, playground, and boat launch. With seasonal lake views you can spend your days on the spacious waters of Douglas Lake to enjoy the amazing fishing, skiing, boating, and tubing it offers. When you are not on the water you are located just minutes from all the Smokey Mountain attractions, that Sevierville, Pigeon Forge, and Gaitlinburg has to offer. This cozy cabin comfortably sleeps 6 people, has an updated kitchen, wrap around deck, hot tub, and a fire place. Updates of 2021 include a new hot water heater, leaffilter gutter system, new deck stairs, updated flooring upstairs, crawlspace platform added. Monthly gross income Jan 2021-July 2023 $114,241. The seller used the cabin approximately 10% of the time. This year they changed property management and went about a month without rentals. And lost Holiday rental due to busted pipes-which are fixed and insulated. The manager has listed the unit size as 1056 square feet.
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| Oct 9, 2020 | Sold | ||
| Sold | |||
| Sep 14, 2020 | Listed by TN Smoky Mtn Realty | $249,900 | |
| Listed by TN Smoky Mtn Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017