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2702 SE 47th Terrace
About This Property
Opportunity awaits with this 2-bedroom, 2-bath mobile home situated on a spacious lot that's a little over 1/3 of an acre. This property is in need of significant repairs and updates, making it best suited for investors, renovators, or buyers looking for a value-add project.
With the right vision and improvements, this home offers strong potential-whether for a rental, resale, or personal use. The generous lot size with plenty of shade trees provides room to improve outdoor living or enhance overall value.
Sold as-is. Cash or renovation financing recommended. Bring your contractor and imagination-this is a chance to create something special at an affordable entry point.
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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 Taylor Creek
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$2,200 /mo
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$1,300 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017