1763 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 |
|---|---|---|---|
| Mar 27, 2024 | Sold | ||
| Sold | |||
| Nov 24, 2023 | Listed by Young Marketing Group, Realty Executives | $499,000 | |
| Listed by Young Marketing Group, Realty Executives | |||
| Oct 20, 2021 | Sold | ||
| Sold | |||
| Jul 22, 2021 | Listed by Karen Whitlock Realty | $429,000 | |
| Listed by Karen Whitlock Realty | |||
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This log home is everything you need for a great getaway, investment rental property or second home! The spacious open floorplan features cathedral ceiling, living room area with beautiful stacked-stone gas log fireplace, dining area and fully equipped kitchen with stainless appliances. From there, step out onto the roomy screened porch--an incredible place to sit back, relax and enjoy the surroundings. The comfortable and cozy ensuite is complete with a nice jetted whirlpool tub with stacked stone. The entire cabin exterior was stained this year! Other upgrades within last five to six years include: new HVAC system, roof replacement, driveway was paved, generator installed (just last year), new stainless kitchen appliances, faucets and cabinet hardware, storage shed, fire pit and more! The cabin is situated on a level lot with fire pit and circular paved drive. The location can't be beat-- just a short walk to a beautiful catch and release fishing pond in the community, close access to Pigeon Forge and Sevierville—easy drive to enjoy shopping, dining and go a little further for a hike in the Great Smoky Mountains National Park! This cabin has been used as a second home (not on the rental program) for the last few years but would make an excellent vacation rental property, being sold furnished and ready to go! (According to the tax record, the home has 960 sq. ft.)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017