1785 Red Bone Way
About This Property
Almost 400 REVIEWS with a RATING OF 4.9 and an overall 2024 OCCUPANCY RATE OF 83% ! ! !
Extremely rare to find an STR with PROVEN RENTAL INCOME with an A+ LOCATION with a CLASSIC LONG RANGE SMOKY MOUNTAINS VIEW.
LOCATION LOCATION LOCATION!!! Just 3 MILES to the Parkway, 5 MILES to Dollywood and 8 MILES to Anakeesta in downtown Gatlinburg. Very rare to find a cabin with this VIEW at this PRICE so CLOSE TO EVERYTHING!!!
This cabin is SELF-MANAGED, so the owner has the option to ''transfer'' future rental reservations with an acceptable offer and agreed upon in writing by both Buyer and Seller.
Sellers can ensure as TURNKEY of a change of ownership as possible by giving his CLEANING COMPANY & CONTRACTORS to handle the day to day operations while the Sellers self-manage from afar.
This property has a VERY HIGH OCCUPANCY RATE, so if you're in town but can't schedule a showing yourself, please contact the listing agent or your Realtor for the WALKTHROUGH VIDEO and it will be sent to you.
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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 |
|---|---|---|---|
| Dec 18, 2025 | Sold | ||
| Sold | |||
| Nov 19, 2025 | In contract | - | |
| In contract | |||
| Nov 14, 2025 | Price Decreased |
$400,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Nov 7, 2025 | Price Decreased |
$405,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Nov 1, 2025 | Price Decreased |
$410,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017