3293 Emerald Springs Loop
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 |
|---|---|---|---|
| Apr 28, 2025 | Sold | ||
| Sold | |||
| Feb 5, 2025 | Listed by Century 21 Legacy | $1,034,000 | |
| Listed by Century 21 Legacy | |||
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Motivated seller! Grossed $67,143 in just 7 months of going live as a rental in 2024! Projecting to gross $130,000 with the current manager! Nestled in the picturesque Shagbark subdivision, this newly constructed 2,400+ sq ft mountain log cabin offers the perfect blend of luxury and convenience. It boasts 3 bedrooms, 3 full bathrooms, 2 half baths, and an indoor pool! This spacious retreat is ideal for a permanent residence, second home, or an overnight rental opportunity. The combination of amenities and location will surly make it a top performing short term rental. Step outside and experience mountain living at its finest on the partially wraparound deck with an outdoor sitting area and fireplace, or relax on the spacious rear covered deck on the lower level. Enjoy complete privacy while taking in the breathtaking surroundings. The interior of this cabin is equally impressive, featuring a large great room including an open living room with a fireplace, dining area, and fully equipped kitchen. The primary bedroom includes a walk-in closet and private bathroom. Upstairs, you'll find a spacious loft with two additional bedrooms, each with its own private bathroom and walk-in closet, as well as an open den area. The lower level is a true highlight, offering an indoor swimming pool room with a splash pad for the littles, a large second den/recreation room, and a half bath. Ample storage space and endless potential await both inside and out. Conveniently located mere minutes from downtown Pigeon Forge, the Great Smoky Mountains National Park, Dollywood, and other renowned attractions, this well-managed subdivision offers the perfect blend of seclusion and accessibility. It's also an easy and scenic drive to McGee Tyson Airport in Knoxville. Don't miss your chance to own this exceptional, newly constructed log cabin with unlimited potential. Schedule your visit today!
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| Sep 26, 2024 | Listed by Century 21 Legacy | $1,094,000 | |
| Listed by Century 21 Legacy | |||
| |||
|
Back on market through no fault of the seller!! Grossed $67,143 in just 6 months of going live as a rental!! Projections of $125,000-135,000! Nestled in the picturesque Shagbark subdivision, this newly constructed 2,400+ sq ft mountain log cabin offers the perfect blend of luxury and convenience. It boasts 3 bedrooms, 3 full bathrooms, 2 half baths, and an indoor pool! This spacious retreat is ideal for a permanent residence, second home, or an overnight rental opportunity. The combination of amenities and location will surly make it a top performing short term rental. Step outside and experience mountain living at its finest on the partially wraparound deck with an outdoor sitting area and fireplace, or relax on the spacious rear covered deck on the lower level. Enjoy complete privacy while taking in the breathtaking surroundings. The interior of this cabin is equally impressive, featuring a large great room including an open living room with a fireplace, dining area, and fully equipped kitchen. The primary bedroom includes a walk-in closet and private bathroom. Upstairs, you'll find a spacious loft with two additional bedrooms, each with its own private bathroom and walk-in closet, as well as an open den area. The lower level is a true highlight, offering an indoor swimming pool room with a splash pad for the littles, a large second den/recreation room, and a half bath. Ample storage space and endless potential await both inside and out. Conveniently located mere minutes from downtown Pigeon Forge, the Great Smoky Mountains National Park, Dollywood, and other renowned attractions, this well-managed subdivision offers the perfect blend of seclusion and accessibility. It's also an easy and scenic drive to McGee Tyson Airport in Knoxville. Don't miss your chance to own this exceptional, newly constructed log cabin with unlimited potential. Schedule your visit today!
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| Mar 20, 2024 | Listed by Century 21 Legacy | $1,142,500 | |
| Listed by Century 21 Legacy | |||
| Sep 5, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017