27
Map
40 Collins Road
About This Property
Opportunities abound at 40 Collins Road, a mobile home located on 3.60 acres with a two-car garage and a pond.
The mobile home is a spacious three bedroom with 1,150sf but being from 1975, it needs a full renovation. Whether you plan to renovate the existing mobile home or start from scratch, the spacious lot with a pond and woods is a great canvas to work with. There is a beautiful clearing (about half an acre) where the house and garage sit, offering ample yard space for relaxation or gardening. Farther back in the lot lies the pond, the perfect spot for fishing and watching wildlife. The rest of the property is wooded and can be used for hunting and recreation.
Eldred is a lovely place to live, work, and relax. Local hot spots include Peck's Market, Corner Pizza, The Corner Shops, Irene's Eldred Diner, and Shrewd Fox Brewery. Nearby Highland Lake is a 198-acre motorboat lake which is home to the wildly popular Sand Beach.
This property offers tons of potential, come see it today!
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 16, 2025 | Sold | ||
| Sold | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
| Apr 16, 2025 | Price Decreased |
$100,000
↓ $25K
(20%) | |
| Price Decreased | |||
| Nov 14, 2024 | Listed by Catskills Home Services | $125,000 | |
| Listed by Catskills Home Services | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017