4161 NW 85TH PLACE
About This Property
Tucked away on a beautifully landscaped double lot in the friendly Turkey Creek Forest 55+ community, this charming 2-bedroom, 2-bath manufactured home offers comfort, space, and incredible potential-all at an unbeatable price.
Upon entry, you're welcomed into an enclosed front room that is cooled by central A/C and offers a cozy, flexible space. While it may not have been part of the original floor plan, it's fully finished and ideal for use as a reading nook, quiet retreat, or even a music or puzzle room. This bonus area adds both charm and functionality to the home. This home features a good size kitchen with a gas stove and plenty of room for an avid cook to create wonderful family meals. A spacious 240-square-foot screened porch off the carport is perfect for morning coffee or evening breezes. While some updates may be desired, the pricing allows room for you to make it your own and truly personalize the space.
An added bonus is the wood-framed hobby room, located just off the laundry area, complete with its own window AC unit to keep you cool while you create, tinker, or simply relax. There's plenty of storage throughout the home.
The yard is a gardener's delight with mature landscaping and room to expand or just enjoy the peaceful setting. Whether you're downsizing, investing, or looking for a cozy place to call home, this is a wonderful opportunity full of promise.
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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.
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About Turkey Creek Forest
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017