2109 Key Way
About This Property
The low maintenance rancher, complete with a detached garage, also offers the perfect solution for out-of-state homeowners. It's simple, efficient design minimizes upkeep, allowing for stress-free ownership from afar. Ideal as a secondary residence or investment property, this home combines convenience and practicality in a charming package.
Inside, the home features a large and open living area, spacious bedrooms, and full bathrooms, providing comfort and privacy for you and your guests. The open-concept living and dining area is filled with natural light, creating a warm and inviting atmosphere. The well-appointed and efficient kitchen is ideal for preparing meals complete with granite countertops and stainless steel appliances and is just off of the large laundry room and storage area in the rear of the home.
The split bedroom layout is an attractive feature for various lifestyles and living arrangements; an efficient use of space and maximizes the use of square footage by reducing wasted space and creating distinct living zones.
The location of the home is ideal with convenient access to a variety of local attractions. Just a short drive away, you can explore the vibrant entertainment of Dollywood, The Island, the scenic beauty of the Great Smoky Mountains National Park, and the diverse shopping and dining options in downtown Pigeon Forge. This prime location ensures you're never far from the area's top destinations and activities.
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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 |
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| May 29, 2024 | Listed by Realty Executives Associates | $385,000 | |
| Listed by Realty Executives Associates | |||
| Aug 2, 2019 | Sold | ||
| Sold | |||
| Dec 21, 2018 | Listed by Smoky Mountain Real Estate Corp | $185,000 | |
| Listed by Smoky Mountain Real Estate Corp | |||
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Nice home at Douglas Lake with Community boat ramp just a short walk away. All one level with easy access and garage. NEWLY REMOLDED with Granite counter top, wood flooring, interior & exterior painting and much more. A must see! Almost 1200 sq ft with a 2 car attached garage and 1 car detached. Large yard with summer lake water touching lot. Security from gate makes this home ideal for a vacation home or permanent residence. This home comes fully furnished. Offered at a great price!
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| May 15, 2015 | Listed by Jackson R. E. & Auction | $125,900 | |
| Listed by Jackson R. E. & Auction | |||
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Located on a quiet Cove on Douglas Lake, you'll find this lovely two-bedroom, one-bath, ranch home complete with a two-car attached garage and a one-car detached garage. This home has easy lake access just a few hundred feet away via the subdivision boat ramp. This rancher has approximately 1152 SF. The subdivision itself is called Angler's Woods, and it has an electronic gate at the entrance for privacy and security. Once you launch your boat, you'll be able to enjoy nearly 30,000 acres of water and over 500 miles of pristine shoreline, all while looking at the Great Smoky Mountains. If you are looking for an affordable lakefront home, then this is it. Call any Realtor today to see this fine home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017