1
Map
118 LEMON Street
About This Property
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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 |
|---|---|---|---|
| Aug 14, 2026 | Sold | ||
| Sold | |||
| Jul 26, 2026 | In contract | - | |
| In contract | |||
| Apr 19, 2026 | Price Decreased |
$82,500
↓ $12K
(12.7%) | |
| Price Decreased | |||
| Mar 9, 2026 | Price Decreased |
$94,500
↓ $6K
(5.5%) | |
| Price Decreased | |||
| Jan 10, 2026 | Listed | $100,000 | |
| Listed | |||
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Enjoy peaceful country living with this 3 bedroom, 2 bathroom mobile home. Sitting on over an acre lot, the mature trees and open surroundings provide a sense of privacy while maintaining easy access to nearby amenities. Located just minutes from Melrose and Lake Santa Fe, this property offers the best of rural living with convenient access to Gainesville (approximately 40 minutes) and Jacksonville and St. Augustine (just over an hour). The neighboring parcel with an additional mobile home is also available for purchase, offering a unique opportunity for extended living, investment potential, or future expansion.
Ideal as a full-time residence, rental property, or peaceful getaway, this home is a wonderful opportunity to enjoy space, simplicity, and the charm of country life.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017