3658 Ginseng Way
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 8, 2026 | No longer available | - | |
| No longer available | |||
| Jun 3, 2026 | Price Decreased |
$639,900
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Apr 19, 2026 | Price Decreased |
$649,900
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Nov 6, 2025 | Listed by Real Broker | $674,900 | |
| Listed by Real Broker | |||
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Nestled in the peaceful Wears Valley, this beautifully renovated 3-bedroom, 3-bath cabin is the perfect blend of modern design/mountain charm and it's already a proven income producer. Averaging 4.91 stars with 130 glowing reviews, this short-term rental grossed $68,338 in 2024 while operating only 11 months due to owner upgrades. In 2025 it grossed $70,000, even with peak summer weeks blocked for owner travel, meaning untapped revenue potential remains on the table. $34,163.58 already on the books for 2026. Offered fully furnished and turn-key, this home is ready to continue performing from day one.
Inside, the cabin welcomes you with a sleek mid-century aesthetic and open concept living anchored by a cozy stone fireplace. The fully equipped kitchen features granite countertops and stainless steel appliances, perfect for everything from quick breakfasts to family feasts. Each bedroom has its own ensuite bathroom stocked with premium linens and toiletries for a boutique-hotel feel.
The entertainment level sets this property apart with a spacious game room with shuffleboard, foosball, pop-a-shot basketball, arcade games, and a movie nook with a 65'' 4K Smart TV ensures endless fun for guests of all ages. Outdoors, guests can unwind in a screened-in porch with a 6-person hot tub, gather by the propane firepit under string lights, or stargaze from the clear dome perched on the lower deck. The one-acre lot offers privacy, a small creek, and wooded surroundings for that true Smoky Mountain experience, while community amenities include access to Honey Suckle Pool & Deli during summer months.
Adding even more versatility, the property includes a garage, a rare find in Wears Valley offering secure storage or opportunity for conversion into additional usable space to boost revenue potential through expanded guest amenities, an extra game area, or owner's lock-off.
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| Jan 19, 2024 | Listed by Century 21 MVP | $759,000 | |
| Listed by Century 21 MVP | |||
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GROSS RENTAL INCOME OF $96,637.18 IN 2023. You will love this beautifully remodeled 3 BEDROOM 3 BATH + 1 CAR GARAGE ON 1.25 ACRES mountain home in the heart of Wears Valley. CONVENIENT LOCATION - 3 MI TO GREAT SMOKY MTN NATIONAL PARK, 10 MI to PIGEON FORGE, 7 MI TO TOWNSEND. Comfortable home seamlessly blends rustic charm with modern convenience. Chalet boasts 3 SPACIOUS KING SIZE MASTER SUITES - two on the main level and one downstairs, offering ample closet space. The master bathrooms offer tile floors, walk-in showers, and vanities with granite countertops. Downstairs is all fun and games with a basketball game, air-hockey and bunk beds for additional sleeping. The fully equipped kitchen boasts stainless steel appliances and gleaming countertops, providing the perfect space to prepare hearty meals. The open concept living area features a cozy floor-to-ceiling stone fireplace and gleaming floors, creating an inviting ambiance for relaxation and entertaining. Enjoy the wooded views from a wraparound deck that offers a screened in area for outdoor entertainment and a bubbling hot tub. The chalet is nestled among the trees and features a spacious backyard and a babbling brook in the back. No crazy mountain roads. The paved roads make it easy to access all the surrounding attractions.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017