3310 Cove Meadows Drive
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 |
|---|---|---|---|
| Jun 26, 2025 | Sold | ||
| Sold | |||
| Jun 6, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Relisted | $1,295,000 | |
| Relisted | |||
| May 25, 2025 | In contract | - | |
| In contract | |||
| Feb 26, 2025 | Listed by The Real Estate Firm Inc. Sevier | $1,295,000 | |
| Listed by The Real Estate Firm Inc. Sevier | |||
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Luxury STR | Sleeps 12 | $200K+ Rental Projections! This brand-new 3-bedroom with bonus bunk-room, 4-bath luxury cabin offers breathtaking mountain views without the hassle of steep, winding roads! Designed for the ultimate short-term rental experience, it features soaring ceilings, quartz and granite countertops, and an indoor heated pool for year-round enjoyment. With space to sleep 12, this retreat includes a fabulous bunk room designed just for the kids! The outdoor amenities are second to none—guests will love the pickleball/basketball court, putt-putt course, treehouses, and expansive entertaining area, creating an unforgettable stay. Located just minutes from Metcalf Bottoms, Cades Cove, and Pigeon Forge (all under 10 minutes away!), this prime investment property boasts rental projections exceeding $200,000 per year. Don't miss this high-income-producing opportunity! Drone photography was used.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017