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7110 Melvin Road
About This Property
Manufactured home on private land with shed on the property, needs some TLC or a buyer with vision, this property is priced to move quickly. Secluded (no neighbors) and unique property at a price that's nearly impossible to find in this area in today's market! Don't miss your chance to grab this home before it's gone! Corporate Seller looking for CASH ONLY. Property being sold As-Is, with Seller to make NO REPAIRS. Please conduct walkthrough prior to making offer, as seller is not interested in sight unseen offers. VALUE AS-IS $70,700. Rental is $1,351 per month in area. Return on Investment 28%.
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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 |
|---|---|---|---|
| Sep 2, 2025 | Sold | ||
| Sold | |||
| Aug 12, 2025 | In contract | - | |
| In contract | |||
| Jul 31, 2025 | Listed by Home Sweet Home Real Estate | $55,000 | |
| Listed by Home Sweet Home Real Estate | |||
Property Highlights
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About Southwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017