2416 Balsam Circle
About This Property
Inside, the spacious kitchen opens directly to the living area and features plenty of cabinetry along with a large island offering additional seating and gathering space. The living room showcases warm wood interiors, soaring cathedral ceilings, and a beautiful stone fireplace creating the classic Smoky Mountain cabin atmosphere guests love. An additional fireplace in one of the bedrooms adds another cozy touch.
There is no shortage of room to spread out and entertain! The game room/theater room combination provides a dedicated space for movie nights, games, and family fun, while the loft offers additional sitting space overlooking the main living area. Step outside to the covered porches surrounded by trees or unwind in the hot tub after a day exploring the Smokies.
Being offered fully furnished and turnkey, this cabin is ready for its next owner to put their personal touch on it. With its spacious layout, multiple gathering areas, existing amenities, and room to add even more entertainment features, this property has excellent potential to become a standout Smoky Mountain retreat and rental performer.
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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 |
|---|---|---|---|
| Aug 19, 2026 | Listed by Tennessee Elite Realty | $649,900 | |
| Listed by Tennessee Elite Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017