3046 Walters Way
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 |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$530,000
↓ $24K
(4.3%) | |
| Price Decreased | |||
| Aug 6, 2026 | Listed by Falaya | $554,000 | |
| Listed by Falaya | |||
| May 26, 2026 | Listed by Falaya, LLC | $554,000 | |
| Listed by Falaya, LLC | |||
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EXCELLENT INVESTMENT OPPORTUNITY. Estimated INCOME if leased full time of $62K +. Already reduced for quick Sale. Perfect Location for You and Guests !!! Sitting in the beautiful Great Smoky Mountains, minutes from Pigeon Forge and Gatlinburg entertainment and restaurants. 'Happy Cub' cabin offers everything needed for Short-Term rentals - - fully furnished & fully equipped. The main floor with new paint and new rugs in the Living area and Kitchen can seat up to 6+ guests. A propane Fireplace offers ambiance and the fully-furnished 30-foot rear deck overlooks the forest. The newly furnished King-Master Suite includes a grand bathroom with jacuzzi plus shower/tub combo. Enjoy coffee or read a book on the private master back deck. In 2025 added a large 2nd bedroom in the lower level with a Queen suite coupled with two roll-out Futons. Overall the cabin sleeps 6-8. The outdoor Hot Tub is fully covered with large wood gazebo, a bench and a bistro table set. Guests can enjoy a long walk through the area and has a Privately-stocked Pond for all homeowners/guests to fish. Well-maintained cabin comes turnkey (Kitchen appliances, dishes and silverware, cookware, bowls, pots and pans, towels, linens and blankets, supplies for future guests, ironing board, washer & dryer, etc.) Owners currently lease part-time as short-term rental for instant income with an established Airbnb & VRBO guest list. The other 6 months of year Owners visit/stay in their Cabin. All rooms have TV's which remain. Cabin is truly move-in ready and has a Solid Short Term Lease clientele list into 2027.
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| Aug 24, 2023 | Listed by Mountain Realty Group | $499,000 | |
| Listed by Mountain Realty Group | |||
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This cozy 1 bedroom, 2 1/2 bath cabin is in the beautiful setting of Wears Valley. It is located in Hidden Lake Estates within minutes to the Smoky Mountain National Park, 5.6 miles to Pigeon Forge, and approx. 12.3 miles to Gatlinburg. Great location for guests to access all the activities for tourists. It has easy access to the main road. Enjoy the great room with kitchen and dining table and fireplace. Just outside of the great room is a deck . Upstairs you have your primary bedroom with an ensuite including a jacuzzi tub. There is another deck for you to enjoy right off the primary bedroom. Head downstairs from the main level and enjoy a game room with a pool table. Off the game room step outdoors to a gazebo with a hot tub. This cabin offers relaxation and recreation. Recent improvements include a new roof and new a/c. It is a great overnight rental or you could have your own permanent mountain retreat! Home is currently under a home warranty until December 10th 2026 and should be transferable to the buyer.
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| Sep 24, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017