372 Grandview Drive
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 22, 2025 | Sold | ||
| Sold | |||
| Apr 5, 2024 | Listed by Keller Williams Smoky Mountain | $657,000 | |
| Listed by Keller Williams Smoky Mountain | |||
| | |||
|
This contemporary A-Frame is one of the more unique properties you will find and certainly has a lot to offer. The property is currently being used as a short term rental and has produced roughly $61k in income/bookings in the last 6 months. Owner has recently remodeled majority of the home and has installed new kitchen cabinetry/countertops, new bathroom vanities/shower inserts, as well as high-end light fixtures throughout. This home boasts a new look with a fresh paint job on both interior and exterior, completely new roof and guttering, and recently installed LVP flooring on all levels. The owner has also fully furnished the property inside and out with new tv's, bed-frames/bedding, as well as modern furniture and decor in each room. The property provides flexibility, as it could be used as a primary residence, a well-performing rental, or one could house-hack by living on the upper levels and renting out the basement (separate entrances). The wraparound driveway provides sufficient parking for all uses. With potentially new amusement park and casino coming soon at Exit 407 and numerous developments taking place on Winfield Dunn Parkway, the value of this property should grow exponentially for years to come. Take in the beautiful mountain views, watch the Summer fireworks from Dollywood, enjoy the private backyard fire-pit, or relax in the hot-tub, as this property has it all.
https://www.airbnb.com/rooms/932553731234595657?guests=1&adults=2&s=67&unique_share_id=91a03560-fc62-436e-abc7-a0bb6a892b01
| |||
| Aug 6, 2023 | No longer available | - | |
| No longer available | |||
| Jun 21, 2023 | Price Decreased |
$689,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Jun 1, 2023 | Price Decreased |
$699,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017