22 MEMORY LANE
About This Property
✨ Affordable Living • Clean title in hand!
Located in Pheasant Ridge Park - a quiet and friendly all age community, this beautifully updated 3-bedroom, 1-bath manufactured home is move-in ready and full of charm. Whether you're downsizing, starting fresh, or looking for budget-friendly living with modern finishes - this home delivers comfort and value.
🛠️ Features: ✅ Remodeled inside and out ✅ Fresh paint, new carpet, updated flooring, and stylish finishes ✅ Spacious open-concept living and kitchen area ✅ Updated bathroom with modern fixtures ✅ Ample natural light and cozy bedrooms ✅ Washer/dryer/stove/window AC units ✅ Appliances included
📍 Location: Easy access to shopping, schools, and amenities - only 55 minutes from Northern Virginia & 1.45 hours from Washington DC!
💰 Lot Rent: $450/month (only includes lot) Must be park-approved before purchase Background check required by the park Water/sewer/power/trash billed individually
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 26, 2025 | Sold | ||
| Sold | |||
| Aug 23, 2025 | In contract | - | |
| In contract | |||
| Jul 28, 2025 | Listed by USRealty.com LLP | $39,000 | |
| Listed by USRealty.com LLP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017