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261 Lily Way
About This Property
Septic system is being updated to accommodate future residential living. Target completion is 2030. Lots 42 and 1/2 of 41, also lots 43 and 45 Welcome to 261 Lily Way, This park model setting on 2 1/2 lots that include ample parking with storage shed, also in this 2 1/2 lots is another RV hookup with 50 amp. There is a separate adjoining lot that is RV ready with full hookups and a deck also 50 amp. In total the property is 3 1/2 lots!!! Comes fully furnished , with the exception of some personal items, The resort also has a club house, pool, and playground for your entertainment as well. So if you are looking for a getaway that back up to the Smoky Mountains, inexpensive to own and easy to get to.
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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 |
|---|---|---|---|
| Jul 20, 2026 | Listed by Smoky Mountain Real Estate Cor | $150,000 | |
| Listed by Smoky Mountain Real Estate Cor | |||
| Jul 3, 2026 | No longer available | - | |
| No longer available | |||
| Mar 14, 2026 | Price Decreased |
$160,000
↓ $29K
(15.3%) | |
| Price Decreased | |||
| Oct 7, 2025 | Price Decreased |
$189,000
↓ $11K
(5.5%) | |
| Price Decreased | |||
| Jul 22, 2025 | Price Decreased |
$199,999
↓ $29K
(12.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017