3729 Ivy 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 |
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| Feb 4, 2025 | Sold | ||
| Sold | |||
| Nov 13, 2024 | Listed by Mountain Home Realty | $549,900 | |
| Listed by Mountain Home Realty | |||
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Brand new 2 bedroom, 2 bath cabin with gameroom located between Pigeon Forge and Gatlinburg would make the perfect investment property. The main level features the living area, kitchen, 1 bedroom and 1 bath, while downstairs you will find the gameroom, 1 bedroom and 1 bath. All appliances are brand new and have already been installed as well as a relaxing hot tub. The seller is offering a $20,000 furniture allowance to the buyer so you can make this blank canvas your own. Also included is a Tesla EV charger. This cabin is 10 minutes to Gatlinburg and roughly 20 minutes to Pigeon Forge. If you have ever wanted to own your own piece of the Smoky Mountains then check this cabin out.
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| Jun 21, 2024 | Listed by Mountain Home Realty | $524,900 | |
| Listed by Mountain Home Realty | |||
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3729 Ivy Way will be a brand new build. 2 Bedroom, 2 Full Bath, with gameroom. 1200 sq ft. Price for this plan is $524,900 with a $20,000 furniture allowance. This cabin will also come with a hot tub. These properties are 10 minutes to Gatlinburg and 15 to Pigeon Forge. The pictures of completed cabins are from the same builder to show how completed cabins look. Completion date will be 10/31/2024.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017