839 Goose Gap Rd
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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| Mar 27, 2024 | Listed by Real Broker | $1,145,000 | |
| Listed by Real Broker | |||
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Escape to your own private oasis in the heart of Wears Valley, where stunning mountain views and serene natural surroundings await. This modern 5-bedroom cabin, situated on 3.7 acres of picturesque land, offers a perfect blend of luxury, comfort, and potential as a lucrative overnight rental property. The expansive land allows also for the potential construction of an additional dwelling, making it an ideal investment opportunity for those looking to capitalize on the area's growing tourism industry. Rental yearly projections range from $140,000 to $155,000. Step inside and experience the beauty of the open concept layout, flooded with natural light that highlights the new hardwood floors throughout the main floor. The living space features exquisite exposed wood beams, adding rustic charm to the contemporary design.
The gourmet kitchen is a chef's dream, boasting custom cabinets, soapstone counters, and top-of-the-line appliances. All bathrooms have been meticulously remodeled, featuring two walk-in stone-finished showers and eclectic floor tiles, adding a touch of elegance to each space.Practicality meets luxury with the addition of a brand new 5-bedroom septic tank, ensuring that your home is not only beautiful but also efficient and functional. The walkout basement offers a spacious area for entertaining, complete with a full bathroom featuring a walk-in shower and two bedrooms, adding convenience and flexibility to the layout. The home also features an unfinished bonus room on this floor that can easily be converted into a theater room, complete with its own exterior door. This presents a valuable opportunity to customize the space to your liking, adding both functionality and charm to your home.
Outside, the property is a true peaceful paradise. The pond on the property is ready to be stocked, perfect for fishing, paddleboarding or adding peddleboats for a relaxing day on the water.
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| Nov 28, 2022 | Sold | ||
| Sold | |||
| Oct 14, 2022 | Listed by Keller Williams | $510,000 | |
| Listed by Keller Williams | |||
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Back on the market due to buyer financing. No fault of seller! INVESTORS DREAM! PRICED BELOW APPRAISED VALUE...Rare find boasts almost 4 acres with mtn views, stocked pone, unrestricted! Acreage possibly capable of having additional cabins for more rental income! Endless Opportunities! Home boasts 2 separate living levels. Each with a private entrance. Main level, 2 bedrooms, huge family rm & 1.5 baths, laundry Lower level 2 rooms, family rm, 1 bath, storage. Septic approved for 3 bedrooms but owner is currently utilizing as a 4 bedroom. Home connected to city water and has a well. Unique hidden room behind shelf in lower storage room! Needs updating but perfect for someone who has vision, wants to live a peaceful, private lifestyle while being close to Pigeon Forge, Knoxville, and the national park
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| Mar 25, 2022 | Listed by Keller Williams | $510,000 | |
| Listed by Keller Williams | |||
| Apr 5, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017