509 Seven Devils Road
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 1, 2025 | No longer available | - | |
| No longer available | |||
| May 23, 2025 | Price Decreased |
$424,500
↓ $500
(0.1%) | |
| Price Decreased | |||
| Apr 8, 2025 | Listed by Blue Ridge Realty & Investments | $425,000 | |
| Listed by Blue Ridge Realty & Investments | |||
| Jan 22, 2023 | No longer available | - | |
| No longer available | |||
| Dec 9, 2022 | Listed by Blue Ridge Realty & Investments, LLC | $479,000 | |
| Listed by Blue Ridge Realty & Investments, LLC | |||
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This one is a Must See adorable 2/2 cabin with a bonus room. Located just before the entrance to the town of Seven Devils, the home is completely unrestricted. With easy access to Boone, Banner Elk and the surrounding High Country communities, the Blue Spruce Cottage is already a fabulous rental property. With close proximity to Hawksnest, Sugar Mountain and Beech Mountain, you will not have any shortage of activities year round. With updated interiors, new roof in 2021, the addition of a hot tub, new flooring, hot water heater, new electrical, and basement encapsulation and remediation, this home is ready to use for you and your guests. Schedule your showing today! The manager has listed the unit size as 1600 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017