52 Briar Patch Road
About This Property
The home is a well-maintained 4-bedroom, 3-bath ranch on a level, half-acre open lot. Hardwood floors, an updated kitchen, a formal living room, and a separate family room give the main living area a comfortable and flexible layout. The roof, HVAC, electrical system, plumbing, and primary appliances have all been upgraded and/or replaced and are in verified working condition. Public water service and an insulated exterior with vinyl and brick finish make this a move-in-ready property without a project list attached.
The property's most distinctive asset is an attached 1-bedroom efficiency suite with its own private exterior entry and near-complete sound isolation from the main home. This suite has operated as a licensed short-term rental since 2021, generating $20,900 across 83 bookings in 2025 alone and earning Airbnb Superhost and Guest Favorite status with 153 reviews at a 4.9-star rating. Current figures reflect intentional owner-use blackout dates, meaning a new owner who converts those dates to bookings has additional upside already built in. The current owners note that in five years of continuous operation, the suite has never produced a noise or disturbance in the main living area.
Buyers with no interest in short-term rentals will find the suite equally well-suited as a private primary ensuite, guest quarters with independent access, or a dedicated home office with a separate entrance.
The property functions as a hub for western North Carolina. Waynesville, Cashiers, Cherokee, and the Great Smoky Mountains National Park are within 30 minutes. Bryson City and Franklin are 40 minutes out. Asheville is approximately one hour away. The Tuckasegee River, popular for whitewater paddling, kayaking, and fly fishing, runs through the area.
The yard includes a 24-by-24-foot concrete basketball court. A double attached carport with an integrated storage building complete the 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 |
|---|---|---|---|
| Jun 2, 2026 | Price Decreased |
$549,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
| May 5, 2026 | Listed by Keller Williams Great Smokies | $550,000 | |
| Listed by Keller Williams Great Smokies | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017