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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 20, 2025 | Sold | ||
| Sold | |||
| Feb 28, 2025 | In contract | - | |
| In contract | |||
| Oct 18, 2024 | Listed by Illustrated Properties/Sewalls | $85,000 | |
| Listed by Illustrated Properties/Sewalls | |||
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New roof with transferable warranty & quality laminate floor throughout the home in 2024 on this furnished 2 bedroom 2 bath mobile home including bonus room, automatic sprinkler system, attached car port and rear storage shed. Convenient Jensen Beach location off Savannah Road. Tropical Acres has low monthly maintenance due to cooperative ownership of the association, community pool with deck and bathrooms, clubhouse with kitchen, pool table, ping-pong, laundry and extra storage for a fee. 55+ Community, no land lease.
| |||
| Sep 30, 2023 | Listed by Illustrated Properties LLC / S | $89,988 | |
| Listed by Illustrated Properties LLC / S | |||
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About Jensen Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017