1495 Tranquility Trail
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 18, 2021 | Sold | ||
| Sold | |||
| Aug 4, 2021 | Listed by Tennessee Elite Realty | $750,000 | |
| Listed by Tennessee Elite Realty | |||
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INCOME PRODUCING LAKEFRONT 3BR/4BA CABIN/LODGE WITH BONUS ROOM AND LOFT GAMEROOM ON DOUGLAS LAKE SITTING ON 3.83 ACRES W/ BREATHTAKING MOUNTAIN AND LAKE VIEWS! SOLD FULLY FURNISHED AND TURNKEY! This cabin is sure to impress! Interior features include a spacious and open floorplan with soaring vaulted ceilings in the living room, wood flooring, and a wood burning fireplace to relax by. Spacious kitchen with granite countertops, snack bar for additional seating, and an eat in dining area. Main level has two Master Suites, one with a jet tub and deck access to the screened in porch overlooking the lake. On the second level, you will find a huge loft gameroom with pool table and its own private deck and and additional Master Suite with a private bathroom and a private bonus room with bathroom being used as a bedroom for rental. The bedrooms are very spacious and roomy! The basement has been recently finished with a full bathroom, a huge room with bunk beds, an area with queen bed, and its own private deck. Multiple levels of covered decking and main level deck is screened with plenty of seating and a bubbling hot tub to relax in. The lower level deck has its own private deck as well. Enjoy the privacy and serenity this property has to offer. You also have a path to take your side by side down leading to the gazebo and nice boat dock with jet ski slip. This is a one of a kind property on Douglas Lake! Currently on the rental program being rented as a 4BR/4BA sleeps 12 and projected to gross $80,000+ for 2021. Enjoy the lake or take a short drive and enjoy Pigeon Forge and area attractions! Great income producing property, second home, or permanent home! So many options here! Plenty of parking and a covered front porch for rocking too! Must see!
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| Jun 18, 2020 | Sold | ||
| Sold | |||
| Apr 8, 2019 | Listed by TN Mountain & Lake Real Estate | $419,000 | |
| Listed by TN Mountain & Lake Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017