Imagine a cozy, breezy manufactured home, just around 1,326 square
feet. It's got two bedrooms, two bathrooms, and it's partially
furnished, which is nice because you can add your own touches. You
actually own the land too,not a lot lease. And the vibe is just
really relaxed. You get these nice breezes from the intracoastal
waterway and the beaches nearby. Plus, it's super convenient.
There's shopping, medical facilities, restaurants, and I-95 all
within easy reach, and you're just about 40 minutes from PBI. The
community itself is super welcoming-very dog-friendly,
people-friendly vibe. They've got an active clubhouse, a heated
pool, shuffleboard, billiards, and a library, so there's always
something to do. It's a lovely, easygoing place to be!
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.
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