508 Ogle Drive
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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jul 25, 2020 | In contract | - | |
| In contract | |||
| Jul 16, 2020 | Listed | $595,000 | |
| Listed | |||
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Great income producing cabin, In The Heart Of Pigeon Forge! Cabin is located less than 3 minutes off the parkway in Pigeon Forge on Ogle Dr. With several updates over the last 2 years, this cabin produces over 80K is gross income and already has over 60K for 2020. Step inside this cabin on the ground floor and you'll find the cabin's theater room and a game room complete with a 9 ft shuffleboard, an air hockey game, a cocktail arcade table, and a pool table. By heading upstairs, you'll find the cabin's nice living room area complete with a gas fireplace, the perfect place to spend quality time with friends and family. From here, you can step outside on the deck to take a dip in the hot tub to enjoy the forested view. This cabin also features several practical amenities like a full kitchen, a dining area, a washer/dryer, WiFi Internet, and an outdoor grill. Cabin features 5 bedrooms. Each of these rooms comes complete with flat-screen televisions. Altogether, this cabin provides 3 king-size beds, 2 queen-size beds, a twin bunk bed, a sleeper sofa in the living room, and a twin-sleeper sofa in the loft. Updates include: New furniture with commercial quality sofas, arcade-air hockey-shuffle board, LVT flooring in bedrooms that had carpet, 3 new mattresses, and exterior security cameras. Call today to schedule your private showing. SEE ADDENDUM FOR SHOWING INSTRUCTIONS. The manager has listed the unit size as 2766 square feet.
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| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Aug 6, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017