1844 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 |
|---|---|---|---|
| Jan 13, 2024 | No longer available | - | |
| No longer available | |||
| Oct 27, 2023 | Price Decreased |
$415,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Aug 19, 2023 | Price Decreased |
$425,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Jul 25, 2023 | Listed by Legacy Property Sales, LLC DBA Keller Willaims | $435,000 | |
| Listed by Legacy Property Sales, LLC DBA Keller Willaims | |||
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Beautiful studio honeymoon cabin has been rented through Airbnb. 2023 Gross $45,000+. Stained in 2020. Recent updates, new since 2021 HVAC water heater, back and front deck, water filtration, flooring and septic serviced with a new access. New tongue and groove on walls in 2023. Fabulous location just outside of Pigeon Forge. No HOA or rental program restrictions. Perfect starter cabin comes turn-key and ready to rent with all you see (linens included) The manager has listed the unit size as 436 square feet.
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| Nov 4, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017