515 Hancock Road
About This Property
The home offers three bedrooms and two bathrooms, including two main-level bedrooms and a loft overlooking the main living space. The loft includes built-in beds and opens to its own balcony, making it an ideal guest space, creative retreat, or cozy sleeping area. Step outside to the covered back porch and enjoy quiet mornings or evenings taking in the natural beauty of the valley. Additional features include a two-car attached garage, a detached carport for extra parking or storage, and a serene, spacious lot that enhances the home's privacy. This is a rare opportunity to own a charming home in one of Tennessee's most scenic mountain valleys.
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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 |
|---|---|---|---|
| Apr 13, 2026 | Sold | ||
| Sold | |||
| Jan 23, 2026 | Listed by Greater Downtown Realty dba Keller Williams Realty | $275,000 | |
| Listed by Greater Downtown Realty dba Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017