3129 Lorre 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 |
|---|---|---|---|
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Apr 23, 2024 | Listed by Prime Mountain Properties | $280,000 | |
| Listed by Prime Mountain Properties | |||
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Amazing and unobstructed mountain views from this wonderful lot in Wears Valley. Close to Pigeon Forge, Gatlinburg and the Great Smoky Mountains. Build your dream home or a high performing rental cabin. Lots of potential with this 3.64 acres. The tract has a 3 bedroom septic installed, well, and driveway in place. Previous cabin was lost in the fire and potential Buyer would need to have all systems inspected to determine viability. The property is being sold and priced ''as-is''. Drone photos were used in this listing.
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| Jun 15, 2022 | Sold | ||
| Sold | |||
| May 2, 2022 | Listed by Tennessee Elite Realty | $299,900 | |
| Listed by Tennessee Elite Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017