2703 Clabo Road
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 |
|---|---|---|---|
| Jul 15, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 10, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Mar 23, 2025 | Listed by eXp Realty, LLC 7720 | $584,000 | |
| Listed by eXp Realty, LLC 7720 | |||
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Set on a private 2.2-acre lot, this 2-bed, 2-bath farmhouse-style cabin offers space, income potential, and future development opportunities. The property is already approved to be subdivided into two lots, with a survey and soil maps available for the next owner.
The home exudes classic charm, featuring a wood-burning fireplace, a spacious main level, and an upstairs bonus ''attic'' area with an additional king bed and multiple twin mattresses—ideal for extra guests. The partially finished basement adds even more flexibility, offering a second full bathroom, an additional king bed, a second living area, and a bonus room with a pool table. With existing Fire pit and Hot Tub, must haves in a Smokies Rental Cabin, this one is Turn Key and ready to rent!
The large lot with both open yard space and wooded privacy, provides plenty of outdoor entertainment space, and the included pole barn adds extra covered parking, storage, or potential for other uses. Tons of parking space with plenty of room for an RV or anything you might want to park on site!
With over $77K in rental income for 2024 and the flexibility to develop further, this property is a fantastic investment opportunity.
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| Jul 1, 2024 | Listed by Redfin Corporation | $635,000 | |
| Listed by Redfin Corporation | |||
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Secluded Log Cabin - Fully Furnished, Ideal for Investment or Your New Home!
Step into serenity with this captivating 2-story log cabin tucked away in a private oasis, offering the perfect blend of rustic charm and modern comfort. Whether you're seeking a savvy investment property or envisioning your dream home, this cabin is your gateway to a life of tranquility and adventure.
Nestled on a secluded lot with woods right in your backyard, this cabin invites you to explore nature's wonders just steps from your door. Imagine morning hikes, wildlife spotting, and evenings spent around the crackling firepit under starlit skies. For ultimate relaxation, indulge in your newly installed hot tub, offering year-round bliss and rejuvenation.
Inside, discover spacious living with two bedrooms, a large loft area, and sleeping accommodations for up to 12 guests, providing ample room for relaxation and storage. Host unforgettable gatherings with a pool table or retreat to the historic barn, ideal for housing two cars or transforming into the ultimate event space for celebrations.
Conveniently located close to town, this cabin offers easy access to shopping, dining, and everyday conveniences while maintaining a peaceful retreat atmosphere. Embrace the best of both worlds: the tranquility of nature and the convenience of urban amenities.
Don't miss out on this exceptional opportunity to own a slice of paradise. Contact us today to schedule your private viewing and experience firsthand the allure of this remarkable log cabin retreat!
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| May 24, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017