2190 NEEDMORE ROAD
About This Property
Nestled in the peaceful countryside, this charming manufactured home offers the perfect retreat from the hustle and bustle of town. Surrounded by wide open spaces and serene views, the property blends comfortable living with the beauty of a rural setting. Inside, you'll discover a thoughtfully updated layout featuring three bedrooms and two full baths, including a private ensuite. The spacious living area invites you to unwind by the warmth of a wood-burning fireplace, creating a cozy focal point for relaxing evenings at home. The kitchen comes equipped with a refrigerator and oven/range, both only three years old, ready for your favorite recipes. Several recent improvements ensure you can move right in with confidence, including a new well pump installed in December 2023, a newer heat pump and air handler added in 2020, and fresh deck boards perfect for taking in the tranquil views. Step through the new sliding glass door onto your deck and enjoy the fresh country air. Stylish new LVP tile and updated flooring in the bathrooms complement the brand-new bathtubs and shower stall. With 200-amp electric service, a washer and dryer just five years old, and modern finishes throughout, this home combines rustic charm with everyday convenience. All you need to do is move in and start enjoying life surrounded by nature and open skies.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017