2037 McCarter 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 |
|---|---|---|---|
| May 27, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 10, 2025 | Listed by Keller Williams Smoky Mountain | $975,000 | |
| Listed by Keller Williams Smoky Mountain | |||
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Income Producing Log Cabin consistently generating over $100K annually ! Located only 2 minutes from Dollywood, you will have your very own VIP seating to watch Dollywood's Fireworks and Drone Show from the deck and enjoy the Million Dollar Mountain Views! This beautifully remodeled 5 bedroom, 4 bath cabin is one you don't want to miss! With easy paved access and plenty of privacy, this cabin is located in the heart of the rental market - less than 10 minutes from the attractions of Pigeon Forge. As you enter the cabin you will immediately be drawn to the magnificent view through the floor-to-ceiling windows and door that lead onto the first of two decks. The dining area and kitchen, which features granite countertops, custom bar seating and stainless appliances, flow seamlessly into the living area, where you'll find a stacked stone fireplace and 9ft shuffleboard table. The main level is home to a primary bedroom suite, with full en-suite bathroom, and features a jetted tub as well as a glass door leading onto the deck to take in the incredible views. A 2nd bedroom and full bathroom can also be found on the main level. Head downstairs, where you'll be greeted by a home theater and arcade room, complete with reclining theater seats, 2 multicade arcades and a Buck Hunter arcade. Just off the theater and game room, there is a second primary bedroom with a full en-suite bathroom. The remaining two bedrooms and full bathroom are also located on the lower level. As an added bonus, the cabin's lower level deck is home to a bubbling hot tub, perfect for taking in the stunning mountain views. As if all this weren't enough, a stairway leads to an amazing, custom fire pit area, surrounded by several double swings!
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| Dec 14, 2023 | Sold | ||
| Sold | |||
| Sep 11, 2023 | Listed by Keller Williams Smoky Mountains | $1,199,300 | |
| Listed by Keller Williams Smoky Mountains | |||
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**Seller offering $10,000 credit toward buyer's closing costs for offer accepted by 11/15/2023. $140K Guaranteed Income! Only 2 minutes from Dollywood! Watch Dollywood's Fireworks and Drone Show from the deck and enjoy the Million Dollar Mountain Views! This beautifully remodeled 5 bedroom, 4 bath cabin is one you don't want to miss! As you enter the cabin you will immediately be drawn to the magnificent view through the floor-to-ceiling windows and door that lead onto the first or two decks. The dining area and kitchen, which features granite countertops, custom bar seating and stainless appliances, flow seamlessly into the living area, where you'll find a stacked stone fireplace and 9ft shuffleboard table. The main level is home to a primary bedroom suite, with full en-suite bathroom, and features a jetted tub as well as a glass door leading onto the deck to take in the incredible views. A 2nd bedroom and full bathroom can also be found on the main level. Head downstairs, where you'll be greeted by a home theater and arcade room, complete with 9 lux reclining theater seats, 2 multicade arcades and a Buck Hunter arcade. Just off the theater and game room, there is a second primary bedroom with a full en-suite bathroom. The remaining two bedrooms and full bathroom are also located on the lower level. As an added bonus, the cabin's lower level deck is home to a bubbling hot tub, perfect for taking in the stunning mountain views. As if all this weren't enough, a stairway leads to an amazing, custom fire pit area, surrounding by several double swings! Local management company offering $140K guaranteed income.
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| Aug 28, 2023 | Listed by Keller Williams Smoky Mountains | $1,200,000 | |
| Listed by Keller Williams Smoky Mountains | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017