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1040 Waterway Drive
About This Property
Open-concept 3-bedroom, 2.5-bath manufactured home in Barefoot Bay, a deed-restricted community, featuring stainless steel appliances, vinyl flooring throughout, a 1-car garage, and water views from the rear of the home. Barefoot Bay amenities include multiple pools, a clubhouse, golf course, tennis and pickleball courts, shuffleboard, basketball courts, fitness areas, a dog park, river access, a fishing pier, on-site dining, and optional RV/boat storage. Minutes from area shopping and dining. Schedule a showing to see this home and community for yourself.
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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 |
|---|---|---|---|
| Jul 31, 2026 | Price Decreased |
$200,000
↓ $10K
(4.8%) | |
| Price Decreased | |||
| Jul 28, 2026 | Relisted | $210,000 | |
| Relisted | |||
| Jul 27, 2026 | In contract | - | |
| In contract | |||
| Jun 26, 2026 | Price Decreased |
$210,000
↓ $10K
(4.6%) | |
| Price Decreased | |||
| Jun 15, 2026 | Price Decreased |
$220,000
↓ $5K
(2.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017