$280,000
●
House -
Off Market
178 Rushmore Lane #230
Murphy, NC 28906
1 Bed
1 Bath
800 Ft²
$1,428
Est. Monthly
$28
HOA / Fees
8.65%
Cap Rate
About This Property
Murphy NC - FURNISHED - Fiber Optic Internet - Cabin Style Home
w/Wooded Backyard Privacy Located in Whispering Hills, 1Bed/1Bath
w/Matching 1 Car Detached Garage, Log Siding, Metal Roof, Full
Covered Back Porch w/Open Side Deck & Deck on Kitchen Side. All
Wood Interior, Open Great Room w/Stack Stone Gas Log Fireplace
w/remote, Slider Barn Doors to Bedroom & Bathroom, Stainless
Appliances in Kitchen w/Wine Cooler, Granite Counter Tops w/
Matching Kitchen Island, Lots of windows for natural Lighting. Now
is the Time to Seize the opportunity to own your very own mountain
cabin & immerse yourself in the splendor of the Appalachian
Mountains w Easy Access to Lakes for Fishing & USFS for Nature
Lovers. This is incredible opportunity for both Full time residents
& vacation rental opportunities.
Unit Size
800 Ft²
Days on Market
218 days
Land Size
0.75 acres
Price per sqft
$356
Property Type
House
Property Taxes
$0
HOA Dues
$28
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 9 months ago (GAMLS #10175832)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 2, 2024 | Sold | ||
| Sold | |||
| Jun 28, 2023 | Listed by EXIT Realty Mountain View Properties | $285,000 | |
| Listed by EXIT Realty Mountain View Properties | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Garage
Interior Details
Full Bathrooms: 1
Interior Features: Other, Master On Main Level
Appliances: Dryer, Washer, Cooktop, Microwave, Other, Refrigerator
Flooring Type: Other, Pine
Laundry Features: Laundry Closet
Has Fireplace
Fireplace Features: Gas Log
Fireplaces: 1
Basement: Crawl Space
Exterior Details
Square Footage: 800
Square Footage Source: $0
Property Condition: Resale
Architectural Style: Other, Ranch, Country/Rustic
Year Built: 2022
Levels: One
Window Features: Double Pane Windows
Construction Materials: Other, Wood Siding
Patio and Porch Features: Deck, Porch
Lot Features: Level
Lot Size Area: 32670
Lot Size Units: Square Feet
Lot Size Acres: 0.75
Lot Size Square Feet: 32670
Water Source: Shared Well
Financial Details
Tax Annual Amount: $1
Utilities Details
Cooling Type: Electric, Ceiling Fan(s), Central Air, Heat Pump, Zoned
Heating Type: Propane, Electric, Heat Pump, Other
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: Water, Private Roads
HOA Fee: $340
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/28/2023
|
1 Bed
|
1 Bath
|
800 ft²
|
$285,000
1 Bed
1 Bath
800 ft²
|
$280,000
-1.75%
02/02/2024
|
Kathlene Vetten
Exit Realty Mountain View Properties
|
Building Info
About Cherokee
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Listed by: Kathlene Vetten, EXIT Realty Mountain View Properties
Last Updated: 9 months ago
Data Source: GAMLS, MLS# 10175832
Last Updated: 9 months ago
Data Source: GAMLS, MLS# 10175832
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Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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