2775 LIGHTNING Way
About This Property
Welcome to peaceful country living in Hilliard! Situated on 1.5 acres, this 2001 manufactured home offers 1,782 square feet of comfortable living space with 3 bedrooms, including a large primary bedroom, 2 bathrooms, plus a dedicated office that's perfect for working from home, hobbies, or additional flex space. The spacious living area features a cozy fireplace and a front deck, creating the perfect spot to enjoy your morning coffee or unwind in the evening.
Outside, you'll find plenty of room to enjoy the peaceful surroundings, along with a convenient storage shed for tools, equipment, or extra storage. Major updates include updated flooring throughout, metal roof (2014), HVAC system (2026), water heater (2013), and a new aerator installed in 2024, providing added peace of mind. Conveniently located less than 2 miles from downtown Hilliard and its highly rated schools, you'll enjoy the perfect balance of quiet country living
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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 |
|---|---|---|---|
| Sep 15, 2026 | Price Decreased |
$239,000
↓ $16K
(6.3%) | |
| Price Decreased | |||
| Aug 8, 2026 | Price Decreased |
$255,000
↓ $10K
(3.8%) | |
| Price Decreased | |||
| Aug 8, 2026 | Relisted | $265,000 | |
| Relisted | |||
| Jul 31, 2026 | In contract | - | |
| In contract | |||
| Jun 25, 2026 | Listed by PALM III REALTY AND PROPERTY M | $265,000 | |
| Listed by PALM III REALTY AND PROPERTY M | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017