256 Riverwood Road
About This Property
This beautifully maintained mobile home features a spacious, screened porch extending the entire length of the home, perfect for enjoying the outdoors in comfort. The expansive porches are accessible both through the home and via a convenient handicap ramp from the outside. Inside, you'll find an abundance of natural light pouring through large windows, creating a bright and inviting atmosphere throughout.
The kitchen is generously sized with plenty of counter space, a pantry, a desk area, and a breakfast bar – ideal for both cooking and casual dining. There are two large bedrooms and two well-appointed bathrooms, providing ample space for relaxation and privacy.
Located in a vibrant 55+ community, this home comes with LOW HOA fees, offering you access to a community boat ramp with Gulf of America access. Plus, you'll enjoy the added benefit of owning your own land – no co-op required!
This is a wonderful opportunity to live in a serene and active community with plenty of amenities at your doorstep. Don't miss out!
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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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About South Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017