3606 Shelby 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 |
|---|---|---|---|
| Sep 30, 2024 | Listed by Century 21 Legacy | $650,000 | |
| Listed by Century 21 Legacy | |||
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Well-located, brand new, 2 BD/2.5 BA, nearly 1,700 sq ft, mountain log cabin, situated in the heart of beautiful Wears Valley, complete with amazing mountain views and much more. Ideal as a permanent residence, 2nd home, or as an overnight rental. Amazing views of the Smokies in all directions from this cabin. It's sits on just under 1/2 an acre, level corner lot. It features a rare 2-car detached garage, perfect for a workshop or your classic cars. Inside this cabin, you have a spacious great room with vaulted ceilings that combines an open living room area with a fireplace, an open dining area, and a full kitchen with granite countertops. The main level also includes a large primary bedroom with walk-in closet and a large bath, complete with a beautiful walk-in shower. Upstairs you'll find another large bedroom with an adjacent bath. It's beautifully constructed, both inside and out. Only mere minutes to many of this area's most well-known attractions, including the Metcalf Bottoms entrance to Great Smoky National Park, Townsend, Pigeon Forge, Dollywood, Cades Cove, and much more. A great, well-located log cabin with unlimited potential - come see it today before it's too late!
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| May 23, 2023 | Listed by Century 21 Legacy | $670,000 | |
| Listed by Century 21 Legacy | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017