12120 Anderson DRIVE
About This Property
Property Highlights:
Large Lot: Enjoy the benefits of owning a sizable piece of land, providing ample space for future expansions, landscaping projects, or outdoor amenities.
Investment Potential: With an estimated investment of just $35,000, you can transform this property and build significant equity. Comparable homes in the area have shown strong appreciation, ensuring a solid return on investment.
Renovation Ready: The mobile home is a blank canvas, awaiting your creative touch. Whether you're a seasoned flipper or a first-time investor, this property offers the perfect opportunity to apply your skills and vision.
Rental Income Potential: Renovate and rent out the mobile home for a steady stream of income. The demand for rental properties in the area remains strong, making this a sound investment choice.
Convenient Location: Situated in a desirable area with easy access to local amenities, schools, and major highways, making it attractive to potential renters or future buyers.
Don't miss out on this chance to capitalize on a prime investment opportunity. With the right vision and investment, this mobile home can be transformed into a profitable asset.
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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 |
|---|---|---|---|
| Dec 6, 2024 | Sold | ||
| Sold | |||
| Nov 27, 2024 | In contract | - | |
| In contract | |||
| Nov 22, 2024 | Price Decreased |
$227,000
↓ $3K
(1.3%) | |
| Price Decreased | |||
| Nov 15, 2024 | Price Decreased |
$230,000
↓ $5K
(2.1%) | |
| Price Decreased | |||
| Nov 8, 2024 | Relisted | $235,000 | |
| Relisted | |||
Property Highlights
Building Info
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Price/ft²
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About Riverview
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,450 /mo
- 4 Beds
- 2 Baths
- 1,936 ft²
$2,300 /mo
- 3 Beds
- 2 Baths
- 1,458 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017