27
Map
494 Sassafras 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 |
|---|---|---|---|
| May 3, 2024 | Sold | ||
| Sold | |||
| Feb 3, 2024 | Listed by TN Smoky Mtn Realty | $149,000 | |
| Listed by TN Smoky Mtn Realty | |||
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Brand New Home in a prime community just outside of Gatlinburg! Easily accessible, no mountainous roads, level road just off 321! 1 bedroom 1 bath with a loft! Large open kitchen and living space. Beautiful tile floors throughout and equipped with kitchen appliances! Loft can be used as a second bedroom, kids room, or even storage. Great location within 20 minutes to Downtown Gatlinburg and just 6 minutes to the Great Smoky Mountain National Park Entrance. Enjoy this home year round, or as a vacation home! Onsite outdoor pool, hiking trails, bath house, and a playground. The HOA fee os only $50 per month includes the use of on site amenities, sewer, water and road maintenance. High Speed Internet is available! Golf cart friendly community with golf cart trails! Overnight Rentals are not allowed in the Edge of the Smokies, making this a perfect place to reside or male your second home. Very peaceful, quiet location! Site built home. The washer and dryer do not convey.
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| Apr 21, 2023 | Listed by TN Smoky Mtn Realty | $159,500 | |
| Listed by TN Smoky Mtn Realty | |||
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Seller Financing Option Available! Brand New- 1 bedroom 1 bath home with a loft! Large open kitchen and living room! Tile floors throughout, new kitchen appliances, washer & dryer! Loft can be used as a second bedroom, kids room, or even storage. Great location within 20 minutes to Downtown Gatlinburg and just 6 minutes to the Great Smoky Mountain National Park Entrance. Easily accessible, no mountainous roads, level road just off 321! Enjoy this home year round, or as a vacation home! Onsite outdoor pool, hiking trails, bath house, and a playground. The HOA fee includes the use of on site amenities, sewer, water and road maintenance. High Speed Internet is available. Golf cart friendly community with golf cart trails! Overnight Rentals are not allowed in the Edge of the Smokies Campground. Very peaceful, quiet location!
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| Sep 29, 2021 | Listed by TN Smoky Mtn Realty | $51,000 | |
| Listed by TN Smoky Mtn Realty | |||
| Dec 2, 2018 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017