87 Sassafras Lane
About This Property
Boasting year round access and being just outside of Maggie Valley township also allows unfettered subletting with tons of attractions just minutes away! Several have found these cabins as an investment that pays for itself and provides a getaway spot. Five minutes from Waynesville means you're never in want for the creature comforts of a city and commuting to Asheville is only 30 minutes!
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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 |
|---|---|---|---|
| Aug 20, 2026 | Price Decreased |
$217,500
↓ $12K
(5.2%) | |
| Price Decreased | |||
| Apr 21, 2026 | Listed by Collective Realty LLC | $229,500 | |
| Listed by Collective Realty LLC | |||
| Aug 31, 2021 | No longer available | - | |
| No longer available | |||
| Aug 17, 2021 | Relisted | $189,000 | |
| Relisted | |||
| Aug 14, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017