380 VENETIAN Boulevard
About This Property
Here's a prime opportunity to add a high-yield rental or affordable housing unit to your portfolio.
This property features a 1972, two bedroom, 1 bath, single-wide mobile home, which is situated on a generous ¼ acre lot with well and septic. The property includes an accessory building providing a functional space for storage, tools or light workshop use.
Recently rented for $1,000 per month this property offers strong returns with minimal upfront investment and the potential to increase rent and boost cash flow. This is home is perfect for buy-and-hold investors, new investors looking for a starter property, or a value-add opportunity for seasoned investors/flippers.
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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 |
|---|---|---|---|
| Aug 12, 2025 | Sold | ||
| Sold | |||
| Aug 1, 2025 | In contract | - | |
| In contract | |||
| Jun 24, 2025 | Listed by MAXREV, LLC | $125,000 | |
| Listed by MAXREV, LLC | |||
Property Highlights
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017