2015 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%.
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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 13, 2024 | Sold | ||
| Sold | |||
| Jul 24, 2024 | Listed by Prime Mountain Properties | $634,900 | |
| Listed by Prime Mountain Properties | |||
| May 25, 2023 | Listed by Prime Mountain Properties | $639,900 | |
| Listed by Prime Mountain Properties | |||
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HUGE PRICE REDUCTION!! BEAUTIFUL 2BR/2BA CABIN WITH DETACHED 1BR/1BA GUESTHOUSE AND A 1-CAR GARAGE. PROJECTED YEARLY GRI OF $80K! Sits on a 0.91-acre lot with PRIVACY and plenty of SMOKY MOUNTAIN SPLENDOR. Located close to PIGEON FORGE and GATLINBURG and only 15 minutes from DOLLYWOOD. Cabin has been meticulously maintained and features a long-lasting metal roof, new HVAC system in 2019, and new Generac generator in 2022. Large covered front deck, level circle driveway, and lots of beautiful landscaping. All wood interior walls throughout cabin. Living room features lots of windows, cathedral ceiling, gas fireplace, and new luxury vinyl plank flooring. Kitchen has stainless appliances (new in 2020), large pantry, and tile flooring. Spacious dining area and an adjacent walkout to the large 307 sf covered deck with relaxing hot tub (new in 2020). Also on the main level is a primary bedroom with new LVP flooring, cedar-lined closet, and large full bath. Second level loft bedroom with full bath and large balcony area for arcade games or pool table. Guesthouse features tongue and groove interior walls, carpeting, and full bath with walk-in shower. Spacious covered patio and private fire pit area. The 1-car garage also features ample storage space. Main cabin also has a relaxing firepit area to enjoy the serene mountain setting and wooded views. Perfect cabin for either an overnight rental, second home, or permanent residence. Cabin is located on a private driveway with other established rental cabins. No HOA! Don't miss out on this one! ***Drone photos used in listing***
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017