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511 Loraine Street
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 25, 2021 | Sold | ||
| Sold | |||
| Jul 29, 2021 | Listed by eXp Realty | $439,900 | |
| Listed by eXp Realty | |||
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This unique, modern-rustic, 2 bed/2 bath, fully furnished cabin, newly built in Fall 2020 is located in a quiet and peaceful, up-and-coming cabin community two minutes off the Parkway in desirable Pigeon Forge. Featuring beautiful solid wood walls, a corner fireplace, open-concept great room, dining area, full kitchen with granite and solid hickory cabinets, laundry room, spacious owners' closet, wood flooring, a large master bedroom (king bed) and en suite private bath, this cabin also boasts high quality construction built by a reputable local builder, including metal roof, energy efficiencies, low maintenance, and city utilities. The covered front porch offers rocking chairs and the large back deck with dining table overlooks the meadow for a relaxing evening in the hot tub. Fantastic location, blocks from the Parkway and a short drive to Dollywood, The Island, great restaurants and area attractions as well as the Great Smoky Mountains National Park, Meadow Mist is a high income-producing cabin with revenues achieving $32k in its first 8 months on a rental program - on track to gross over $50k in its first year!
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| Sep 11, 2020 | Sold | ||
| Sold | |||
| May 26, 2020 | Listed by Blue Skies Property Management | $259,900 | |
| Listed by Blue Skies Property Management | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017