416 Dreama DRIVE
About This Property
Well maintained immaculate 2br 2bth double wide manufactured home with a lovely lanai that looks that is insulated and has double pane windows and air condition cooled for that makes for a lovely 3 season room. Central A/C unit 8 years old, windows have been updated throughout home. Golf cart garage/shed with electric garage door opener. Covered carport and patio sitting area to enjoy the beautiful Florida weather. Indoor laundry room. Roof was replaced in 2008, it was recently inspected and owner was told not leaking and it has a few more years of life. Occupancy to be April 1, 2025, owner may be open to closing a little earlier.
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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 |
|---|---|---|---|
| Mar 4, 2025 | Sold | ||
| Sold | |||
| Feb 1, 2025 | In contract | - | |
| In contract | |||
| Dec 4, 2024 | Listed by REAL BROKER, LLC | $182,000 | |
| Listed by REAL BROKER, LLC | |||
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About Citrus Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017