324 Circle R Drive
About This Property
Storage stands out: a full stand-up crawl space with exterior access, enclosed under-porch storage for lawn and garden gear, and a 200 sq ft shed (2018). The rear lot touches the Ocoee River, feeding into the Hiwassee and Tennessee River system -- with several neighbors already enjoying private boat docks. Top it off with proximity to Ocoee whitewater, the Scenic Byway, Hiwassee River Gorge, and Cherokee National Forest trails.
Move-in ready with only minor cosmetic items noted. However, there may be a structural issue. No records but we noticed some cracks in primary bedroom and recommend buyer inspect. FHA and VA financing welcome with escrow for HVAC and pending structural review. Flood insurance required.
All data (incl. sq ft) taken from prev. MLS, tax records, or current deed. Offered as-is w/all faults; no post-closing repairs or payments will be made. Purchaser must execute seller's contract package. Buyer to verify all information independently.
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Cap Rate Calculator
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 8, 2026 | Sold | ||
| Sold | |||
| Oct 4, 2026 | Price Decreased |
$228,000
↓ $17K
(6.9%) | |
| Price Decreased | |||
| Oct 4, 2026 | In contract | - | |
| In contract | |||
| May 4, 2026 | Listed by Pace Probity Asset Management | $245,000 | |
| Listed by Pace Probity Asset Management | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017