1124 Towering Oaks Drive
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%.
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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 |
|---|---|---|---|
| Dec 7, 2021 | Sold | ||
| Sold | |||
| May 21, 2021 | Listed by Century 21 Legacy | $674,900 | |
| Listed by Century 21 Legacy | |||
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This well appointed 3 bedroom, 2.5 bath cabin is nestled in the highly desirable Grand View Resort. The resort is conveniently located only a short drive to area attractions in Sevierville, Pigeon Forge, Gatlinburg and offers an outdoor pool and zip line passes for guests. Entering the cabin into the living room your eyes will immediately drawn to the beauty of the log cathedral ceilings. The wood floors and fireplace give a rustic feel without compromising the elegance of the cabin. To the right of the entrance is the half bath, fully equipped kitchen and dining area making entertaining a breeze. The small hallway to the Master En Suite is the laundry closet with stackable washer and dryer. The master en suite offers a king size bed and large whirlpool tub. The private full bath is just step away and offers a shower stall. Take a simple step out to the private back deck to enjoy the hot tub and the wooded views of mature trees. During the winter you can see the ziplines. Up to the second floor! The first bedroom has two sets of bunk beds and a multicade arcade game for hours of entertaining. The remaining bedroom and full bath are also on this level. Cabin is currently an overnight rental. Gross income for 2020 (during the pandemic) was $62,536. As of May 12, 2021 it has grossed $21,205.
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| Feb 19, 2020 | Sold | ||
| Sold | |||
| Dec 4, 2019 | Listed by All Seasons Realty | $399,900 | |
| Listed by All Seasons Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017