328 Southern Way
About This Property
Enjoy the opportunity to own a brand-new 2026 3-bedroom, 2-bath singlewide home situated on approximately 1.69 acres. Offering 869 square feet of thoughtfully designed living space, this home comes with a 4-year warranty for added peace of mind.
This is a land-home package, with construction beginning upon an accepted contract, allowing buyers the chance to secure a new home from the ground up. The spacious lot provides room to enjoy outdoor living while still being conveniently located to area amenities.
Whether you're a first-time homebuyer, looking to downsize, or seeking an affordable new construction option, this property is a fantastic opportunity. Contact the listing agent today for more information and package details.
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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 |
|---|---|---|---|
| Jul 31, 2026 | In contract | - | |
| In contract | |||
| Jun 20, 2026 | Price Decreased |
$189,000
↓ $10K
(5%) | |
| Price Decreased | |||
| Jun 8, 2026 | Listed by Realty Group 1 LLC | $199,000 | |
| Listed by Realty Group 1 LLC | |||
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Last Updated: 15 days ago
Data Source: CANOPYMLS, MLS# CAR4391070
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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