4351 Forest Ridge 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 |
|---|---|---|---|
| Mar 4, 2022 | Sold | ||
| Sold | |||
| Dec 31, 2021 | Listed by Century 21 MVP | $2,850,000 | |
| Listed by Century 21 MVP | |||
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"Royal Retreat Lodge" is a spacious 11 bedroom, 12 bath, super income producer, entertainment dream! This lodge is located in the highly sought after Sherwood Forest near the entrance for easy access without wild roads. This cabin is one of just a few this size, and truly designed to be a high income producing retreat for many guests! With the ability to sleep up to 44 guests in 8,800 sq ft, this lodge doesn't lack space. This handsome lodge is true log with tongue & groove interior, LVP flooring for durability, soaring cathedral ceilings on the main and uppers floors, generous suites throughout, ample gathering space in the living areas, dining, kitchen, decks, theater, game room, and pool room! There are many special touches in this cabin including the grand chandelier in the main living space. 2021 income was $300k and 2022 has $125k on the books, easy - turn key!
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| Apr 27, 2017 | Sold | ||
| Sold | |||
| Feb 6, 2015 | Listed by Century 21 MVP | $100,000 | |
| Listed by Century 21 MVP | |||
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If you are thinking of building you need to consider the lots in Sherwood Forest. A fantastic location just minutes from the parkway at traffic light 10, in between Gatlinburg and Pigeon Forge. This resort has the best amenities, utility water from Pigeon Forge, a sewer system, natural gas from Sevier County and cable. Well maintained, gated and lighted and a large outdoor pool for your guests. HOA is very low only $75. a month. We have cabin plans from one to twelve bedrooms or we can custom build for you your dream cabin. There are beautiful views from the top of Sherwood Forest looking out at the National Park.
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| Jul 30, 2014 | Listed by Century 21 MVP | $1,350,000 | |
| Listed by Century 21 MVP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017