45
Map
1103 Mayors Drive
About This Property
This single-level home sits on over an acre of land in central Sevierville, featuring mountain views and a private backyard with no HOA. The 4-bedroom, 2-bathroom layout spans over 1,700 square feet and has been updated with $100,000 in recent renovations and upgrades. The property includes an attached 2-car garage, connects to public utilities, and has been well-maintained. Its central location places it minutes from local school systems, grocery stores, shopping, dining, urgent care clinics, and the area hospital, making it an ideal primary residence or retreat. Drone photography used.
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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 18, 2026 | Price Decreased |
$499,000
↓ $30K
(5.7%) | |
| Price Decreased | |||
| Sep 3, 2026 | Price Decreased |
$529,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Aug 12, 2026 | Price Decreased |
$534,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Jul 29, 2026 | Price Decreased |
$539,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Jun 18, 2026 | Listed by Local Realty Group | $549,000 | |
| Listed by Local Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017