2007 Ridgecrest Loop Lane
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 |
|---|---|---|---|
| Jul 1, 2025 | No longer available | - | |
| No longer available | |||
| Mar 12, 2025 | Listed by eXp Realty, LLC 7720 | $886,900 | |
| Listed by eXp Realty, LLC 7720 | |||
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Big Price reduction! Significant investment opportunity in the Smoky Mountains: a spacious cabin with over 3000 sq ft of finished space and a remarkable detached garage featuring a recently updated, nearly 700 sq ft theater room with a 135'' screen and high-end projector and Pool Table. The detached garage offers substantial potential for further development, including options for an indoor pool or even conversion into a separate rental unit, promising significant income growth.
This 4 Bed, 3 Bath cabin located just 15 minutes from Pigeon Forge and 20 minutes from Gatlinburg, has a strong rental history, generating $117,000 in 2024 and $150,500 in 2023. The property features multiple gathering areas, including a main level living room, a large lower-level living room, and the theater room, complemented by 3 separate decks and a front porch. The main level also offers a living area with a 55-inch smart Samsung LED TV, a fully equipped kitchen, and a King en-suite. The lower level provides another gathering space with an 85-inch Samsung Q-LED TV, Infinity game table plus a King en-suite. Upstairs, you'll find a bedroom with a King and a Queen bed, and another bedroom with a Queen bed, each equipped with a Samsung LED TV. Outside, guests can enjoy a hot tub and a firepit.
If that isn't enough another bonus is that the lower level is accessible via the back deck offering a no steps entry for those who need it.
Even though there are other cabins in the neighborhood, the position of the cabin provides privacy from all 3 of the back decks.
With its prime location near top attractions, proven revenue, and the unique potential of the detached garage and its impressive theater room, this property is a compelling investment in the thriving Smoky Mountain vacation market.
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| Nov 24, 2021 | Sold | ||
| Sold | |||
| Jul 16, 2021 | Listed by Prime Mountain Properties | $825,000 | |
| Listed by Prime Mountain Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017