1650 Ridgecrest 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%.
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 |
|---|---|---|---|
| Dec 19, 2023 | Sold | ||
| Sold | |||
| Jul 19, 2023 | Listed by The Real Estate Firm Inc. | $425,000 | |
| Listed by The Real Estate Firm Inc. | |||
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Adorable 2/2 true log cabin just 10 minutes from The Island in Pigeon Forge. This cabin has plenty of outdoor hang out space for grilling out after a long day of hiking, and no steep access roads to frighten guests. Owners have recently had cabin stained, all new appliances, updated the shower/bath and encapsulated the crawl space. HVAC was replaced in 2017. Projected income of $47,000+.
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| Sep 21, 2020 | Sold | ||
| Sold | |||
| Aug 20, 2020 | Listed by eXp Realty | $175,000 | |
| Listed by eXp Realty | |||
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Adorable 2/1 true log cabin just 10 minutes from The Island in Pigeon Forge. This cabin has plenty of outdoor hang out space for grilling out after a long day of hiking, and no steep access roads to frighten guests. Does have some deferred maintenance, sale will be as-is. Has been a family second home and has never been on rental.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017