3036 Redtail 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 |
|---|---|---|---|
| Jun 10, 2020 | Sold | ||
| Sold | |||
| Apr 22, 2020 | Listed by RE/Max First | $350,000 | |
| Listed by RE/Max First | |||
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Fantastic opportunity to own 107+ acres of beautiful E Tennessee mountain property, close to Pigeon Forge and Townsend, for just $3,256 per acre! Two subdivision lots, 67E & 173E, in Homestead Wears Valley are combined with 102.7 acres of UNRESTRICTED surveyed land for this sale. Property has ridge-top mountain views, springs, creek, hardwood forest, excellent privacy, underground utilities, and nice public paved road access points. A recreational paradise with abundant wildlife, uplands and lowlands. Old roadbed runs next to the stream at the bottom. New access trails recently cut in. Homestead has an upscale feel with nice wide roads, picnic pavilions, and common areas. 102.7 acres is not part of the subdivision but has deeded access through the development. Call today for maps, survey and your private tour!
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| Jan 24, 2020 | Sold | ||
| Sold | |||
| Aug 14, 2019 | Listed by RE/Max First | $339,000 | |
| Listed by RE/Max First | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017