2161 Wingspan 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 20, 2025 | Sold | ||
| Sold | |||
| Jun 19, 2024 | Listed by Keller Williams | $425,000 | |
| Listed by Keller Williams | |||
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Back on the market by no fault of the sellers or the property. The buyer did not submit the earnest money.
Beautiful 2-bedroom, 2-bath cabin located in Eagle Springs is simply perfect for your cozy Smoky Mountain getaway, and ready to be your money-maker. Rental Projections exceeding $52k. As you step inside, the open concept kitchen and eating area off of the greatroom makes this cabin feel very spacious. The beautiful stone fireplace adds the warm and cozy mountain feel. There are two nicely sized bedrooms with king size beds, and space for all of the comforts you brought from home. Out on the deck you can enjoy the seasonal mountain views, and hot tub year round. Eagle Springs also has its own seasonal outdoor swimming pool to enjoy. Conveniently located to Soaky Mountain Water Park, and a short drive to Pigeon Forge, Dollywood, and all that the Smoky Mountains have to offer. Being sold fully furnished making this one perfect for your second home, short-term rental, or permanent residence.
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| Apr 30, 2024 | No longer available | - | |
| No longer available | |||
| Apr 6, 2024 | Price Decreased |
$510,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Mar 20, 2024 | Price Decreased |
$524,999
↓ $23K
(4.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017