5115 Royal Oaks Drive
About This Property
Welcome to your next opportunity near Lake Oroville! This large, manufactured home offers generous space inside and out, with 3 bedrooms, 2 bathrooms, and a thoughtfully designed layout perfect for comfortable living and entertaining. Step inside to discover a bright, airy interior featuring tall ceilings, an expansive living room flooded with natural light, and a formal dining area complete with charming built-in cabinetry. The heart of the home includes a spacious family room that opens to breathtaking views of the Oroville Dam, making it the perfect place to relax and unwind. The exterior is just as impressive-with a massive shop featuring a huge roll-up door, ideal for hobbies, storage, or workspace. The circle driveway adds convenience and curb appeal, while the extra storage area and ample room for boat parking make this property a dream for outdoor enthusiasts. You'll be just minutes from world-class fishing and recreation at Lake Oroville! While the home could use a bit of TLC, it's priced to sell and full of potential. Whether you're looking for a permanent residence, vacation retreat, or investment opportunity, this property offers incredible value in a beautiful location. Don't miss your chance to make it yours.
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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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 30, 2025 | In contract | - | |
| In contract | |||
| Jul 23, 2025 | Price Decreased |
$149,999
↓ $15K
(9.1%) | |
| Price Decreased | |||
| Jul 19, 2025 | Relisted | $165,000 | |
| Relisted | |||
| Jul 11, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017