2772 Easy Street
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%.
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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 5, 2024 | Listed by Monarch Realty LLC | $545,000 | |
| Listed by Monarch Realty LLC | |||
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Welcome to your dreamy treehouse retreat at 2772 Easy St, a stunning chalet-style cabin nestled in the serene forests of Wears Valley. This prime location offers the perfect balance of seclusion and convenience, being just a short drive from the bustling downtown Pigeon Forge and the myriad of attractions the area is renowned for. This adorable chalet isn't just a home; it's a turn-key short-term rental property with a proven track record. Fully furnished and ready to go, it grossed an impressive $50,000 in 2023 while being owner-managed on Airbnb. With potential to expand onto platforms like VRBO, the sky's the limit for your future revenue. Open Floor Plan: The main living area boasts a seamless layout that includes the kitchen, dining, and living room, all under a beautiful vaulted wood ceiling, creating an airy and inviting space. Luxurious Primary Bedroom: Tucked behind frosted glass French doors, the large primary bedroom features an ensuite, offering a private and tranquil space to unwind. Versatile Bonus Room: Across the main living area, a sliding barn door opens to a fun-filled bonus room equipped with an arcade system, twin-over-bunk bed, and sleeper sofa. It's the perfect place for entertainment and relaxation. Outdoor Living: Step out to the screened-in porch for a luxury soak or descend to the deck adorned with twinkling lights for an enchanting evening under the stars. Why 2772 Easy St? If your heart is set on a cabin that promises the adventure of the Smokies with the peace and privacy of a forest hideaway, look no further. 2772 Easy St is not just a property; it's your chance to own a slice of paradise, to make your 'Easy Money' while enjoying the lifestyle you've always dreamed of. Don't miss out on this unique opportunity to invest in your future and delight in the charm and beauty of the Smoky Mountains. Welcome to your home sweet TN home!
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| Jul 28, 2022 | Sold | ||
| Sold | |||
| May 15, 2022 | Listed by eXp Realty, LLC 7720 | $530,000 | |
| Listed by eXp Realty, LLC 7720 | |||
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LOCATION LOCATION! Just over 3 Miles to the Pigeon Forge Parkway and all the action! Such a great investment opportunity! Recently updated with a modern touch this cabin is 100% turn key ready to go you won't have to touch a thing. The cabin is already performing great on Airbnb with a 4.96 rating and 47 reviews! Brand new $10,000 luxury hot tub with easy cover lift, cabin exterior and decks were repainted last fall, new furniture such as power reclining leather couch, new bunks, updated lighting and ceiling fans, new countertops in kitchen, the list goes on. Open the double doors that lead to a large master suite with a king size bed and ensuite bathroom. The living room, kitchen, and dining area are all open with a vaulted wood ceiling creating a very roomy atmosphere. Slide open the barn door and you will find a bonus room with a sleeper sofa as well as a twin over full bunk bed, arcade system, and a sliding patio door that leads out to a screened in porch with a brand new hot tub. The current setup comfortably sleeps 6 and there is room to add a half bath if desired. There is also another deck off of the screened porch to sit and stargaze at night! Currently self managed on Airbnb only and is on track to gross around $75,000-$80,000 for it's first 12 months. Gross revenue from when it was first listed in September 2021 to May 2022 is $57,194.15 with the peak summer months just ahead! The new owner has the ability to increase revenue by also listing on VRBO and increasing nightly rates!
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| May 30, 2021 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017