203 Oak Avenue
About This Property
Located in a friendly lakeside community with convenient boat ramp access, this manufactured home
with an add-on offers a unique opportunity to create your ideal lake retreat. Originally an one-bedroom
layout, the home now includes a spacious addition that can serve as a large master bedroom or a
comfortable second living area-giving you flexible options for your lifestyle. Inside, you'll find a retro
pink tub/shower and toilet in the main bath, adding vintage charm. A second bathroom was started and
awaits completion, offering the chance to customize to your taste. The roof is only 3–4 years old,
providing peace of mind for years to come. The home sits on a pretty lot with mature trees, creating a
pleasant outdoor setting. While the property could use some TLC such as exterior paint and updated flooring, it's a fantastic opportunity to bring your imagination and make it your own. Enjoy the relaxed lake lifestyle and start making memories at Oklahoma's largest lake this season!
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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 5, 2026 | In contract | - | |
| In contract | |||
| Jun 18, 2026 | Listed by Campbell Due Real Estate LLC | $65,000 | |
| Listed by Campbell Due Real Estate LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017