4632 Nottingham Hgts Way
About This Property
This 2-bedroom, 2-bathroom log cabin with 1,380 square feet of all above-grade living space is located in the highly desirable Sherwood Forest Resort, just 5 minutes off the Parkway in Pigeon Forge. The property features city water and natural gas, ensuring efficient operations and reliability-key benefits for investors.
The main level offers an open-concept layout, including a full kitchen, dining area, living room, and a bedroom with a full bathroom. The upper level includes a loft with a pool table, providing entertainment for guests, as well as the primary suite, which features an oversized jetted tub and a private full bathroom.
Stunning mountain views can be enjoyed from the back decks and through the cabin's windows, enhancing the guest experience and rental appeal.
With its prime location, desirable amenities, and functional layout, this property is well-suited for short-term rental success or as a mountain vacation retreat.
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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 31, 2025 | Sold | ||
| Sold | |||
| Dec 12, 2024 | Listed by Prime Mountain Properties | $535,000 | |
| Listed by Prime Mountain Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017