1544 Rainbow Ridge 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 12, 2025 | Sold | ||
| Sold | |||
| Oct 16, 2025 | In contract | - | |
| In contract | |||
| Oct 15, 2025 | Price Decreased |
$825,000
↓ $25K
(2.9%) | |
| Price Decreased | |||
| Sep 16, 2025 | Price Decreased |
$850,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
| Sep 23, 2024 | Listed by Realty Executives Smoky Mounta | $860,000 | |
| Listed by Realty Executives Smoky Mounta | |||
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Rental projection - $155K! Enjoy mountain views from this wonderful 5 bedroom, 5 bath cabin, located just minutes from Dollywood and the Pigeon Forge Parkway. Spread out over 3 levels, with over 2,600 sq.ft. of living space, this beautiful cabin also boasts plenty of outdoor space, with 2 decks on the front and 2 decks on the back. The spacious main living area features a stacked stone electric fireplace, vaulted, double height ceiling and a wall of windows to allow for plenty of natural lighting. Just beyond the living area, is the dining area with seating for 8. The kitchen, with its gleaming granite countertops and stainless appliances, also features bar seating and an island. The main level is also home to a bedroom, with a full en-suite bathroom, complete with a walk-in shower. Upstairs you'll find a cozy loft area, with an arcade. Additionally, the upper level houses two more spacious bedrooms, each with direct deck access, and en-suite bathrooms with tub/shower combos. Head downstairs for a movie night in the theater area with stadium seating and a cozy fireplace, or spend some time in game room area playing pool or using the second arcade game. You'll also find the remaining two bedrooms with en-suite bathrooms, plus a laundry/utility room on the lower level. The lower level deck, just off the game room area, features an outdoor hot tub. This well appointed cabin has all the features needed to deliver the perfect Smoky Mountain cabin experience.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017