Welcome to this charming 3-bedroom, 2-bathroom manufactured home
located in Jamaica Bay Mobile Home Co-op in Boynton Beach, Florida.
Offering 1,352 square feet of finished living space on a single
floor, this property provides comfortable and convenient one-level
living. The thoughtful layout accommodates multiple bedrooms and
bathrooms, making efficient use of the available square footage.
Situated within an established mobile home community, this
residence presents an excellent opportunity for those seeking
affordable, practical housing in the Boynton Beach area. In
addition to the beauty of this home, the bathrooms have been
remodeled with high end features. the sellers are offering a 5 year
warranty on bathrooms in addition to the home's 10 year warranty!
Buyer also has choice of replacing bedroom carpet with
flooring. This house will also include an attached carport and a
shed on a concrete foundation. This home is certified zone 3
wind mitigation withstanding winds between 130 and 170 mph!
This makes home owners insurance much cheaper as well. This is a
rare opportunity to own a brand new home in Jamaica Bay. NO LAND
LEASE. HOA is only 270 per month! Gated community. Don't wait on
this one
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.
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