3436 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 |
|---|---|---|---|
| Feb 4, 2024 | No longer available | - | |
| No longer available | |||
| Jul 19, 2023 | Price Decreased |
$1,494,999
↓ $5K
(0.3%) | |
| Price Decreased | |||
| Jul 2, 2023 | Price Decreased |
$1,499,999
↓ $50K
(3.2%) | |
| Price Decreased | |||
| Jun 22, 2023 | Price Decreased |
$1,549,999
↓ $50K
(3.1%) | |
| Price Decreased | |||
| May 3, 2023 | Listed by East Tennessee Properties LLC | $1,599,999 | |
| Listed by East Tennessee Properties LLC | |||
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FOR SALE:Investment Opportunity! This fully furnished home is situated on an oversized lot in Wears Valley. Successful rental history shows the potential for $180,000 in annual income. Get comfortable by spreading out across 3 king size bedrooms and a camp themed kids bunk room with TV area and sleeper sofa. The Master Bedroom and Kitchen both open up to a large deck with multiple seating areas, an outdoor fireplace and lower deck with hot tub. The unique basement features a cabin theme with bar, pool table, shuffleboard, foosball, pinball, video games, movie room and multiple TVs. Enjoy cozy evenings in the living room by the fireplace or entertain guests in the large dining room. Seasonal pool use is available at a nearby Honeysuckle Meadows campground. A brand new roof and water heater were installed in December 2023. Wears Valley is the perfect location to escape the traffic and busy hustle of town, but also close enough to take advantage of these offerings at your leisure.FOR RENT:This fully furnished home is situated on an oversized lot in Wears Valley. Get comfortable by spreading out across 3 king size bedrooms and a camp themed kids bunk room with TV area and sleeper sofa. The main level opens up to a large deck with multiple seating areas, an outdoor fireplace and lower deck with hot tub. The unique basement features a cabin theme with bar, pool table, shuffleboard, foosball, pinball, video games, movie room and multiple TVs. Seasonal pool use is available at a nearby campground. A brand new roof and water heater were installed in December 2023. Note that pricing is for a lease of 12+ months. We offer shorter term rentals with different pricing. Please inquire for pricing and availability.*Renter pays electric, propane, trash, water, lawn, rental tax & hot tub maintenance. For corporate rentals, all of these items can be included for a higher monthly rate. *Property may not be subleased. *Security deposit 1.5x rent on long term lease. The manager has listed the unit size as 5013 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017