1782 Red Bone Way
About This Property
Current property manager offering 10% performance based management guarantee for 12 months. If they don't hit their income projection, their fee stays at 10% for another 12 months! Rental Projection of $100-115k based on historical income.
This 2 bedroom (true 3/bedroom) 3 full bath cabin PLUS bonus rooms is completely turn key and ready for rental use for the investors looking for a profitable short term rental!
Prime location only three miles to Dollywood and four miles to the main parkway of Pigeon Forge. The upgrade list for this cabin is to long to list, have your agent reach out for more information.
Newer Coleman HVAC package unit and duct work, encapsulated crawlspace, tongue and groove accents added throughout cabin, all new paint, third bathroom added with custom shower, all new kitchen cabinets, all new leather granite countertops, LVP flooring, newer furniture, the list goes on!!
This is a great opportunity to purchase a turn key property with beautiful mountain views only minutes to all the local area attractions, with proven strong income.
Current management company (Hostimo Management) is willing to extend a 1-year, full service/white glove management service (as well as carrying over existing bookings) for a flat 10% management fee as well! Or, take this gem on yourself for self management.
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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 |
|---|---|---|---|
| Sep 18, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 15, 2026 | Listed by Hostimo Realty | $750,000 | |
| Listed by Hostimo Realty | |||
| Jan 25, 2023 | Sold | ||
| Sold | |||
| Sep 18, 2022 | Listed by eXp Realty | $775,000 | |
| Listed by eXp Realty | |||
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Freshly updated modern cabin with awesome mountain views! This 3 bedroom 3 full bath cabin PLUS bonus rooms is completely turn key and ready for rental use for the investors looking for a profitable short term rental! Currently sleeps 10. Prime location only three miles to Dollywood and four miles to the main parkway of Pigeon Forge. The upgrade list for this cabin is to long to list, have your agent reach out for more information but some of the highlights are: New Coleman HVAC package unit and new duct work, encapsulated crawlspace, tongue and groove accents added throughout cabin, all new paint, third bathroom added with custom shower, all new kitchen cabinets, all new leather granite countertops, new LVP flooring, all new furniture, the list goes on!! This is a great opportunity to purchase a turn key property with beautiful mountain views only minutes to all the local area attractions! September gross revenue from Airbnb and VRBO was $8,958; October gross revenue was $9,340; November was $8,172; and December is currently at $8,330. Great performer!
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| Jul 2, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017