3049 Brothers 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 |
|---|---|---|---|
| Sep 17, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 14, 2026 | Price Decreased |
$495,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| May 4, 2026 | Listed by LPT Realty, LLC | $510,000 | |
| Listed by LPT Realty, LLC | |||
| Oct 24, 2022 | Sold | ||
| Sold | |||
| Sep 5, 2022 | Listed by Smoky Mountain Real Estate Corp | $474,900 | |
| Listed by Smoky Mountain Real Estate Corp | |||
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You've found the quintessential "cabin in the woods". The cabin, "Dancing Bear", is what many envision as the ideal cabin getaway when visiting our area. It sits on 0.65 private, treed acres within Brothers Cove Resort. The resort is a gated community with covered bridge, community swimming pool, banquet facility, and ideal for wedding featured in several magazines as one of the best destination wedding facilities. The cabin itself shines as the custom woodwork and design creates a wonderful cabin feel. The main level offers the kitchen, family room (with fireplace with locally sourced stone), dining area, half bath, and washer/dryer. Along with a wonderfully private deck off the rear of the cabin. Upstairs offers a full bath, bedroom, and extra bonus room currently used as a bedroom. Both rooms upstairs offer a fireplace and access to a large deck overlooking the serenity of the Smoky Mountains. The cabin has been lovingly cared for and maintained by the current owners as a second home for more than a decade. So it doesn't have the typical wear and tear from the operations of a short term rental cabin. However, the property is perfectly setup as an overnight rental and should excel as a short term rental. The cabin can be self managed or use any management company a new owner desires, adding flexibility in ownership. The current owners have completed numerous updates including a new metal roof in May 2021. The owners have certainly lovingly cared for the property and have it decorated exceptionally well. With the property being a second home, access is easy to view and show the property. Take a look at the cabin today - it's a short (less than 10 mile) scenic drive from Light #3 on the Parkway in Pigeon Forge. The subdivision is one of the few well located resorts that truly feels like you are in a mountain environment.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017