1639 Ridgecrest Drive
About This Property
MIND BLOWING 235+ REVIEWS with a RATING OF 4.94 !
Classic 1BR honeymooner cabin that has been proven time & time again to be a consistent moneymaker here in the Smokies! The Seller has done a superb job of setting up a winning team as their local boots on the ground and is willing to handover their contacts to the Buyer if requested.
The cabin itself is one level with an open concept design but has private bedroom quarters. Both living room and bedroom have their own gas log fireplaces for those cool evenings or the added ambiance. The back deck has been screened in and it has a private hot tub area as well.
This cabin is SELF-MANAGED, so the owner has the option to ''transfer'' future rental reservations if requested so the future owner can have reservations already in place on closing day.
Seller can ensure as close to a TURNKEY change of ownership as possible by giving the new buyer their CLEANING COMPANY, any HANDYMEN/CONTRACTORS and/or any other vendors they use to self-manage from afar.
Buyer also has the option to RELICENSE the STR PHOTOS at a lower cost if the Buyer wishes.
This property has a VERY HIGH OCCUPANCY RATE, so if you're in town but can't schedule a walkthrough yourself, please ask the listing agent for the WALKTHROUGH VIDEO and it will be sent to you.
New HVAC installed in 2023 and comes with a 10 year parts warranty from the manufacturer.
Both this cabin at 1639 Ridgecrest and the neighboring cabin at 1637 Ridgecrest are being listed at the same time, so the future owner has an opportunity to purchase TWO PROVEN INCOME cabins next to one another.
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Cap Rate Calculator
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 7, 2026 | Sold | ||
| Sold | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| May 23, 2026 | Price Decreased |
$395,000
↓ $4K
(1%) | |
| Price Decreased | |||
| May 11, 2026 | Price Decreased |
$399,000
↓ $11K
(2.7%) | |
| Price Decreased | |||
| Apr 16, 2026 | Price Increased |
$410,000
↑ $15K
(3.8%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017