1852 HOYLE DRIVE
About This Property
This is not just a property-it's a blank canvas. A 2-bedroom, 1-bathroom mobile home built in 1967 that's ready for a total transformation. Whether you're a savvy investor hunting for your next project or a visionary buyer with a passion for renovation, this is the kind of rare opportunity that's getting harder to find. The structure is modest in size, with 576 square feet of heated living area, but don't let that fool you-this property sits on a 3,900 square foot lot
Set on a paved street and nestled within a mobile home community, this home brings a sense of place and possibility. There's no HOA bureaucracy holding you back, just a manageable monthly fee of $27 that includes trash service.
The lot itself is compact but mighty-coming in at just under a quarter acre-and because the property lies in Flood Zone X, you get peace of mind knowing you're outside the high-risk flood zones. Whether you envision a complete interior remodel, an exterior facelift, or a full-blown reconfiguration, this gives you the flexibility to breathe new life into this mobile home.
Bring your imagination. Bring your ambition. This property is priced to move and primed to be reborn. Ready to make your mark? This is where your next chapter begins.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017