1074 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 |
|---|---|---|---|
| Sep 11, 2026 | Sold | ||
| Sold | |||
| Aug 10, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Listed by eXp Realty | $395,000 | |
| Listed by eXp Realty | |||
| Nov 24, 2022 | No longer available | - | |
| No longer available | |||
| Oct 24, 2022 | Listed by Lake Homes Realty | $775,000 | |
| Listed by Lake Homes Realty | |||
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This is the type of log cabin that people desire to stay in. It is currently utilized as a secondary home but the potential it has for an overnight rental or an Airbnb should definitely be considered. Some of the highlights are as follows: Less than 30 minutes to Dollywood, Less than 30 miles to Gatlinburg, Easy drive in and out of the resort and no steep climbs, community amenities include a boat launch, a community boat dock for loading and unloading, a playground, an in-ground pool, a community center that can be rented out privately and more. There are other cabins in this community already proving the money making potential that do not even have some of the recent upgrades this cabin does. Just last month it was hand sanded and restained, pest-inspected and a new loft window was installed! Last year all of the decks were redone where needed and plenty of extra decking was added giving you much more outdoor square footage and seating area including the loft deck where you can sip coffee and take in views of beautiful Douglas Lake. Last year the electrical panel was replaced and rewired with all new breakers. Two and a half years ago the whole HVAC system (inside and outside) was replaced and the septic holding tank was also replaced. The current owners added a great deal of storage with a separate owners closet below the cabin, a storage cabinet on the back deck and added a large walk-in closet in the bigger main level bedroom. With the metal roof being no more than 6 or 7 years old this cabin is ready to be put on VRBO and start making someone some money. Will it be you? Feel free to call and schedule a showing at your convenience. (drone photography was used in this listing) Buyers and/or their agents should verify all information taken from sellers and/or tax records. The manager has listed the unit size as 1310 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017