3518 Olde Tyme Way
About This Property
Rental history between $50,000 and $60,000 over the last several years. Additionally, there is significant potential for increased revenue by capitalizing on the unfinished basement space. Guests love the rustic charm, convenient location and enjoying the views of the Smoky Mountains from the spacious private decks.
Property Highlights:
>> 2 Queen Beds & 2 Full Baths
>> 500 sqft +/- Deck Space
>> Mountain Views
>> Fully Furnished
>> Wood Burning Fireplace
>> Paved Roads & Parking
>> Full Unfinished Basement
>> Centrally Located
>> Meticulously Maintained
Reach out to your preferred real estate agent to schedule a private viewing today! Drone photography used. Self-Management is Allowed. Being offered turnkey rental ready however personal property located in the basement storage area does not convey.
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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 |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Nov 22, 2024 | Listed by United Real Estate Solutions | $499,900 | |
| Listed by United Real Estate Solutions | |||
| Apr 3, 2024 | Listed by Mountain Realty Group | $569,900 | |
| Listed by Mountain Realty Group | |||
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Gross rentals between $50,000 to $62,000 per year for last 3 years! This Appalachian styled Log Cabin is nestled in a serene setting amongst the trees. The covered front porch greets you with rocking chairs inviting you to sit a while and unwind. As you walk in you are in the open main living area of the cabin which offers the living room with a cozy wood burning fireplace, fully equipped kitchen and dining area that seats 6. Wood floors and hand hewn logs make you feel you have stepped back in time. The primary bedroom is on the main floor with an en-suite bathroom with shower/tub. Windows surround the main level so you can take in the natural surroundings. The upper level is a lovely loft with a full bathroom with shower. The lighted back porch is screened and has sitting areas to relax in or to take a soak in the hot tub. A peaceful place to get a way from the world. Enjoy the winter view from the back and side porch. A full unfinished basement with concrete poured walls adds so many possibilities ( game room, theater room , etc) Use your imagination and double your living space or use it as the present owners as a garage and storage space for their personal items. Washer and dryer is in basement. Low maintenance red metal roof. Smart Lock on the front door will stay. Owner's Security Cameras will be removed. All Personal items in basement will not transfer with the sale. Seller's self manage on VRBO and AirBnB.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017