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615 Iron Mountain Road
About This Property
Inside, enjoy the authentic warmth of a Smoky Mountain cabin with tongue-and-groove finishes, vaulted ceilings, and a cozy wood-burning fireplace. Two spacious primary suites offer comfort and flexibility for everyday living or hosting family and friends. With R-1 zoning for permanent residential use, you can enjoy the benefits of a Smoky Mountain retreat without the constant turnover of short-term rental guests coming and going around you.
Outside, the covered deck, porch swing, hot tub, and mountain views create the perfect setting to slow down and enjoy the peaceful surroundings. Whether you're looking for a full-time residence, second home, or personal mountain escape, this cabin offers the opportunity to enjoy the Smokies on your own terms.
Due to R-1 zoning, this property is not eligible for short-term rental use. Drone photography was used.
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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 |
|---|---|---|---|
| Sep 18, 2026 | Sold | ||
| Sold | |||
| Sep 2, 2026 | In contract | - | |
| In contract | |||
| Aug 20, 2026 | Price Decreased |
$314,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$324,000
↓ $25K
(7.2%) | |
| Price Decreased | |||
| Jul 13, 2026 | Listed by Century 21 MVP | $349,000 | |
| Listed by Century 21 MVP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017