1016 Lilly Lane
About This Property
Discover the perfect blend of privacy and convenience on this beautiful just over two acre lot in the sought after new subdivision of Greyhound Landing. This lot features several stunning large oak trees, adding character and charm to what is truly the best lot in the neighborhood. Located within the highly rated Peaster ISD, it's ideal for those seeking both a peaceful lifestyle and quick access to schools, shopping and dining. Multiple lots are available, and you even have the option to purchase the adjoining lot to double your space and expand your vision. With plenty of room for your custom home, outdoor living areas and more, you can create the retreat you've always envisioned. Don't miss the opportunity to own land in one of the area's most desirable communities
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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 12, 2026 | Price Decreased |
$149,000
↓ $1K
(0.7%) | |
| Price Decreased | |||
| Aug 15, 2025 | Listed by Briggs Freeman Sotheby's Int'l | $150,000 | |
| Listed by Briggs Freeman Sotheby's Int'l | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017