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Map
1610 Silver Mine RD
About This Property
The 4-bedroom double wide manufactured home with a dedicated office has been completely remodeled. Updates include custom cabinets, quartz countertops, stainless steel appliances, LVP flooring, and new carpet in the bedrooms. The living area has a fireplace, and there are two dining areas. The primary suite has an adjoining office or nursery. A second bedroom has its own private bath, a good fit for guests or multigenerational living. The other two bedrooms share a hall bath. Outside, a large deck looks out over open views of the sunrise and sunset. There is also a two-car garage, and pipe fencing surrounds the homesite.
Improvements include a 40x30 workshop on a concrete slab with electricity. The home is on a well, with the equipment in its own well house. A separate area of the property has a second well, a pole barn with a partial slab, and two older single-wide homes that convey at no value. This area could work as a second homesite. Buyer to verify suitability and any requirements.
The land is fenced and cross-fenced, mostly level, with mature post oaks, mesquite, and other native trees over established coastal grass. Currently ag exempt, with very little floodplain, no known pipelines, and dry tanks ready for the next good rain.
Acreage this size with this much frontage, a remodeled home, a workshop, two wells, fencing, and ag use is hard to find. Come see it and decide what comes next.
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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 |
|---|---|---|---|
| Oct 6, 2026 | In contract | - | |
| In contract | |||
| Sep 30, 2026 | Listed by TS Realty | $1,500,000 | |
| Listed by TS Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017