3111 Mountain Grace Lane
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 |
|---|---|---|---|
| May 20, 2021 | Sold | ||
| Sold | |||
| Mar 16, 2021 | Listed by Prime Mountain Properties | $1,985,000 | |
| Listed by Prime Mountain Properties | |||
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Designed, built & maintained by owner, this established 5-Star VRBO property, The Flying Pig Lodge, is a ONE of a KIND, Modern Rustic styled cabin with FIRST Year gross rents out of this world! Projection for 2021 off the charts! This TURN KEY, UPSCALE cabin has awesome views of Mount Leconte w/easy access to massive paved parking off a gentle county maintained street w/ underground utilities! Just 5 minutes from Pigeon Forge & 10-15 minutes from Gatlinburg & Sevierville on congestion free back roads, you'll enjoy the easy drive in all weather conditions. Built like none other with custom touches EVERYWHERE! PLS ASK for 6 pg. detailed list of all efficiencies & customizations-way too many to list! Cabin has 5 HUGE KING size bedrooms, each with en-suite bathroom, and an additional custom designed bonus room w/separate bathroom. Must see to appreciate. Large custom Mudroom w/plenty of storage, large laundry room w/high capacity washer/dryer, huge owner's closet for streamlined rental operation plus seasonal storage. CHEF's kitchen with EXOTIC leathered granite counters, highest grade GE Profile stainless steel appliances with Advantium convection/microwave, convection oven, commercial style professional gas cooktop with vented range hood, warming drawer, HUGE walk in pantry for guests food storage, two refrigerators, and high-end Cuisinart stainless steel cookware to serve large groups. Inventory system is easy with the massive owner's closets & streamlined system-just another thing the owners added to manage a successful business. Massive wall of windows intersects with breathtaking views! High ceilings and upscale quality finishes & furnishings in every room, including granite countertops & custom knotty hickory cabinets throughout. Oversized bedrooms with individual climate & custom tile bathrooms will blow your mind. Furniture custom built for Flying Pig includes a 12' HANDMADE Black Walnut Dining Table w/a glow in the dark river in the middle.
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| Sep 30, 2015 | Sold | ||
| Sold | |||
| Aug 21, 2013 | Listed by Keller Williams | $35,000 | |
| Listed by Keller Williams | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017