2243 Spence Mountain Loop
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 |
|---|---|---|---|
| Oct 31, 2023 | No longer available | - | |
| No longer available | |||
| Oct 25, 2023 | Sold | ||
| Sold | |||
| Sep 26, 2023 | In contract | - | |
| In contract | |||
| Sep 14, 2023 | Listed by Century 21 Legacy GP | $540,000 | |
| Listed by Century 21 Legacy GP | |||
| | |||
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MOTIVATED SELLER, OWN YOUR OWN CABIN, FULLY LOADED! Just bring your clothes and groceries. This beautifully furnished cabin has everything you need as a wonderful home or weekend getaway. Don't let the 2 bedrooms fool you, each is an owner's suite complete with king size bed, private bathroom, and access to the deck and private balcony. Have company? Don't worry, there is plenty of space for overnight guests on the sleeper-sofa in the great room and loft. Large, stocked kitchen and dining area with everything you need to cook and entertain. Relax in the hot tub on the oversized deck, surrounded by the tranquil forest of Spence Mountain. Enjoy the nightly fireworks of Dollywood right from your covered front porch. The game room joins a covered deck perfect for a relaxing on a rainy day. Stay home roast marshmallows and watch the fireflies while gathered around the firepit. This home is just a minute from Dollywood Parkway, only 6 miles to Dollywood & Splash Country and just 9 miles to The Island in Pigeon Forge, and just 20 minutes from Interstate 40. Call today for a private showing. The manager has listed the unit size as 1613 square feet.
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| Mar 24, 2023 | Listed by Century 21 Legacy | $540,000 | |
| Listed by Century 21 Legacy | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017