2424 Rainbow Falls Lane
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 7, 2025 | Sold | ||
| Sold | |||
| Nov 22, 2024 | Listed by Exit Tennessee Realty Pros | $775,000 | |
| Listed by Exit Tennessee Realty Pros | |||
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This beautifully crafted log home offers breathtaking views of the Smoky Mountains, with easy access to Pigeon Forge, Cades Cove, and Gatlinburg. The open floor plan features 25-foot vaulted ceilings and large windows along the side and rear, allowing natural light to flood the space and showcase the stunning mountain scenery.
With three levels of living space, the home includes three spacious bedrooms and three full bathrooms, including a master suite on each floor. A large loft area adds extra space for relaxation or entertainment, making it perfect for both quiet getaways and hosting guests.
Step outside to the generous covered deck, where you can enjoy unobstructed views of the mountains and valleyâ€''ideal for outdoor living and taking in the peaceful surroundings.
Inside, the home boasts high-quality finishes such as hickory cabinetry, granite countertops, and stainless steel appliances. Engineered wood and natural stone tile floors provide both beauty and durability, while thoughtful details like Kohler fixtures and tongue-and-groove pine walls and ceilings add warmth and character. A cozy gas ventless fireplace completes the inviting atmosphere.
Designed with energy efficiency in mind, this home features quality insulation and low-E glass windows to help keep energy costs in check. Central heating and air conditioning ensure comfort throughout the year.
With its spacious layout, high-end finishes, and stunning views, this mountain retreat offers the perfect blend of comfort and nature. Whether you're looking for a peaceful getaway or a year-round home, this cabin is a perfect place to enjoy all that the Smoky Mountains have to offer.
All information is deemed to be correct but not guaranteed. The Buyer should verify all information that is important to them before making an offer.
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| Feb 15, 2019 | Sold | ||
| Sold | |||
| Jul 31, 2018 | Listed by Mountain Realty Group | $585,000 | |
| Listed by Mountain Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017