1
Map
656 Forest Drive
About This Property
Listed By
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 21, 2026 | Listed by King Real Estate Services, Inc. | $399,000 | |
| Listed by King Real Estate Services, Inc. | |||
| Jul 1, 2026 | No longer available | - | |
| No longer available | |||
| May 7, 2026 | Price Decreased |
$475,000
↓ $24K
(4.8%) | |
| Price Decreased | |||
| Nov 5, 2025 | Price Decreased |
$499,000
↓ $26K
(5%) | |
| Price Decreased | |||
| Jun 6, 2025 | Listed by Prime Mountain Properties | $525,000 | |
| Listed by Prime Mountain Properties | |||
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''Our Happy Place'' perfect name for a perfect cabin! Has all you need to enjoy a wonderful vacation in the Smoky Mountains! Tucked away in the trees but so close to the Parkway, close enough to Dollywood that you can hear the train, close enough to Patriot Park to see the fireworks! This money maker is also just a couple minutes to the Island, restaurants, and shopping! If you're looking for a turn key investment, this is it! Has a great loft with games, pool table and a nice place to relax. The spacious living room has a beautiful stone fireplace, bedroom has all you need including a jetted tub. The back deck is private and just got a new hot tub, a place to sit and have your coffee or cook some burgers on the grill. Front deck is covered and inviting as well, great place to sit and relax. This well maintained cabin is definitely a must see for your buyers!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017