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59230 Phillipi Lane
About This Property
Opportunity is knocking! This 3-bedroom, 2-bath manufactured home sits on 5 fully fenced acres in a beautiful, private location ready for your vision. Yes, it's a fixer - but the upside is undeniable.
The property also features a detached 2-car garage and a separate 480 sq ft block construction cabin. Bring the cabin up to SFR standards and unlock serious potential as a long-term rental, short-term rental, guest home, or private office/studio.
Whether you're an investor looking for your next project or a buyer ready to build equity, this property offers space, privacy, and multiple income possibilities. Home is being sold "AS IS"
If you're not afraid of a little work, this could be the opportunity you've been waiting for.
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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 |
|---|---|---|---|
| Jun 30, 2026 | Sold | ||
| Sold | |||
| May 16, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Relisted | $149,000 | |
| Relisted | |||
| Mar 14, 2026 | In contract | - | |
| In contract | |||
| Mar 8, 2026 | Relisted | $149,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017