1620 Bench Mountain 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 |
|---|---|---|---|
| Jul 28, 2022 | Sold | ||
| Sold | |||
| May 11, 2022 | Listed by Mountain Realty Group | $825,000 | |
| Listed by Mountain Realty Group | |||
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On track to gross over $70,000 in its first full year on rental! This is the quintessential, rustic, Smoky Mountain cabin located in one of the most sought-after investment areas, Wears Valley. From the oversized decks facing the sunrise to the stone fireplace everything is bigger here! Just 15 minutes from Pigeon Forge, Gatlinburg, or Townsend and 5 minutes from the Metcalf Bottoms entrance to the Great Smoky Mountains National Park, this cabin has been doing great as a short term rental property. The neighborhood is quiet and scenic. The roads are wide and paved. This is the one you've been looking for! All of the amenities in this newly-updated cabin convey to the buyer including pool table, furnishings, and hot tub. A truly turnkey rental, or the perfect palette upon which to paint your private paradise. With two formal bedrooms plus a loft sleeping space, the cabin currently can accommodate up to 8 people in beds or sleepers. Your Smoky Mountain homestead awaits!
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| May 18, 2021 | Sold | ||
| Sold | |||
| Mar 30, 2021 | Listed by Mountain Realty Group | $589,000 | |
| Listed by Mountain Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017