1839 Ridgecrest Drive
About This Property
The room break down is: King suite on main floor, bedroom with queen bed on lower level, and bonus room with queen bed on lower level. There is also a game room and many fun outdoor spaces! Tons of parking!
Some notable updates/upgrades in the last couple years are: new roof, new HVAC, fresh paint throughout, new dishwasher, new washer/dryer, and new septic riser. This cabin has been well maintained and is well equipped for your next investment, or simply enjoy as your vacation home or primary!
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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 |
|---|---|---|---|
| Jan 13, 2025 | Sold | ||
| Sold | |||
| May 21, 2024 | Listed by eXp Realty | $540,000 | |
| Listed by eXp Realty | |||
| Sep 26, 2023 | Listed by eXp Realty | $638,000 | |
| Listed by eXp Realty | |||
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Investors! Seller to contribute 3% concessions to buyer at closing for closing costs, prepaids, and/or points with acceptable offer terms. This cabin has been a great short term rental for years, now it's your turn! The room break down is: King suite on main floor, bedroom with queen bed on lower level, and bonus room with queen bed on lower level. There is also a game room and many fun outdoor spaces! Tons of parking! Some notable updates/upgrades in the last couple years are: new roof, new HVAC, fresh paint throughout, new dishwasher, new washer/dryer, and new septic riser. This cabin has been well maintained and is well equipped for your next investment, or simply enjoy as your vacation home or primary!
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| May 1, 2019 | No longer available | - | |
| No longer available | |||
| Apr 4, 2019 | Listed | $299,000 | |
| Listed | |||
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Dreaming of living in the Great Smoky Mountains?? This appealing 3 bedroom 2 bath true log cabin on a wide wooded lot can be your dream come true! Located only 5 miles from area attractions and Pigeon Forge. When entering the cabin, you are greeted by a large Great Room with gas log fireplace and sliding glass doors which lead to a screened in deck. The Master bedroom is on the main, includes built-in gas fireplace and opens onto the deck for scenic views! The large eat-in kitchen has plenty counter top and cabinet space, including built in island and sliding glass door leads onto the deck. Downstairs are the additional bedrooms and game room, which open onto a large patio with hot tub. Furnishings are new in June of 2018. Great location to enjoy life in the mountains! The manager has listed the unit size as 2500 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017