707 Ridgewood Way
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 |
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| Dec 19, 2022 | Sold | ||
| Sold | |||
| Aug 25, 2022 | Listed by Century 21 MVP | $925,000 | |
| Listed by Century 21 MVP | |||
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Well seasoned STR with over 93k in revenue last year and over $73k on the books for 2022! This popular STR features 4 beds 3 baths in the highly sought after Sherwood Forest Resort! The spirit of "Mama Bear" is warm and welcoming as soon as you set foot in the door! Updated and upgraded throughout including granite counter tops, beautiful antler chandelier, glass bowl sinks in the bathrooms... Sherwood Resort features a community pool for guests to enjoy and is close all the attractions of Pigeon Forge, Gatlinburg, and Sevierville!
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| May 3, 2022 | Listed by Century 21 MVP | $1,000,000 | |
| Listed by Century 21 MVP | |||
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Over 93k in revenue last year! 4 bed 3 bath cabin in popular Sherwood Forest Resort! Minutes to the parkway in Pigeon Forge! The spirit of "Mama Bear" is warm and welcoming as soon as you set foot in the door. From granite counter tops to the beautiful antler chandelier, and even the glass bowl sinks in the bathrooms, so many little finishing touches come together to make this successful STR a super cozy retreat!
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| Aug 7, 2020 | Sold | ||
| Sold | |||
| Jul 2, 2020 | Listed by All Pro Realtors, LLC | $599,900 | |
| Listed by All Pro Realtors, LLC | |||
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CASH FLOW CABIN in the Gated commumity of Sherwood Forest Resort. $92,482 gross rental income for 2019!!! Approx 1 mile from the Parkway and less than 10 minutes to Dollywood and all the attractions of Pigeon Forge. Due to Sherwood Forests location on the very southern end of Pigeon Forge, you can be in the Great Smoky Mountain National Park in 15 minutes via the Gatlinburg by-Pass, with out hitting the crazy Gatlinburg traffic. No steep roads, ALL city utilities, and a community pool, yet reasonable HOA. This log home offers everything the guests are looking for in a vacation rental: Rec room loft with arcade games, Theater room, and 4 bedrooms on 3 levels to afford privacy for the whole family. Relax in the hot tub while looking out to Sherwoods FOREST view. The owners are experienced VRBO sellers with multiple properties and will help new owners get started as a successful rent by owner business. Cabin was professionally stained less than 1 year ago. HVAC is 4 years old. Plenty of parking for a cabin of this size. Documented 2019 gross rental income 0f $92,482 from AirBNB and VRBO. Come enjoy your own family vacation cabin in the Great Smoky Mountains while profiting from this wonderfull investment.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017