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Map
2041 Colby Street
About This Property
A TOTAL STEAL!
Here's a killer fixer-upper deal in PALM BAY, Florida - a rare find! For under $100k, own a home and the land - no lot rent, no HOA fees. Fix it up and move in, or live in it while you tweak it. DIY fans, make it your own in prime Palm Bay at a price you won't see often! In a low property tax zone, it's a perfect starter or forever home. This 3-bed, 2-bath mobile home has space, a fenced yard for pets, and a powered metal shed for storage or fun. Cash only or owner financing with a $20k non-refundable down payment, 4 year term, 6% interest,proof of income required. Seller decides financing. Showings need proof of funds - act fast!
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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 |
|---|---|---|---|
| May 7, 2025 | Sold | ||
| Sold | |||
| Apr 18, 2025 | In contract | - | |
| In contract | |||
| Mar 24, 2025 | No longer available | - | |
| No longer available | |||
| Mar 21, 2025 | Listed by Canedo Realty | $99,000 | |
| Listed by Canedo Realty | |||
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About Valentine Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,900 /mo
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- 2 Baths
- 1,224 ft²
$2,100 /mo
- 4 Beds
- 2 Baths
- 1,470 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017