121 MELANIE Lane
About This Property
Set on 5 private acres backing up to Big Branch Creek, this 2019 manufactured home offers the perfect blend of space, privacy, and peace of mind. With 1,680 sq ft, 3 bedrooms, and 2 bathrooms, the split floorplan provides both comfort and functionality.
The primary suite features an ensuite bathroom with a private retreat feel, while the additional bedrooms are well-sized and tucked away on the opposite side of the home--ideal for guests, family, or a home office. The fenced front yard adds convenience and security, while the expansive acreage beyond invites endless possibilities--gardening, animals, recreation, or simply enjoying the natural backdrop of the surroundings.
Built in 2019, all major systems are only 7 years young, including the roof, HVAC, windows, water heater, plumbing, electrical, well, and septic, offering low-maintenance living and confidence for years to come. No HOA. No fuss. Just land, a move-in ready home, and the freedom to make it your own. As an added bonus, this home qualifies for USDA 0 down loans!
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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 |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| Apr 19, 2026 | In contract | - | |
| In contract | |||
| Apr 15, 2026 | Price Decreased |
$264,999
↓ $10K
(3.6%) | |
| Price Decreased | |||
| Apr 10, 2026 | Relisted | $274,999 | |
| Relisted | |||
| Mar 23, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017