7971 Peden Road
About This Property
What truly sets this property apart is the second residence-a 2022-built manufactured home offering 3 bedrooms, 2 bathrooms, and 1,216 square feet. The second home has its own address, private entrance and sits on its own approximately 0.69-acre tax account while being conveyed with the property. It is perfected to the deed and is currently leased for $1,600 per month through May 2027, providing immediate rental income to help offset your mortgage or build long-term wealth.
Situated on approximately 1.4 acres, this property offers the rare combination of privacy, flexibility, and income potential. Whether you're planning ahead for multigenerational living, looking for supplemental rental income, or wanting a future homestead with an established revenue stream, this property delivers.
Please note: Both residences are tenant-occupied. The primary residence is leased for $1999 per month both leases extend through May 2027. The purchaser will assume the existing leases at closing.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 21, 2026 | Price Decreased |
$400,000
↓ $25K
(5.9%) | |
| Price Decreased | |||
| Jul 8, 2026 | Listed by Keller Williams Realty DPR | $425,000 | |
| Listed by Keller Williams Realty DPR | |||
| Jun 26, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Jun 6, 2024 | Price Decreased |
$299,900
↓ $10K
(3.3%) | |
| Price Decreased | |||
| May 13, 2024 | Listed by JPAR Fort Worth | $310,000 | |
| Listed by JPAR Fort Worth | |||
| | |||
|
A Spanish style home with 3 bedrooms 2 bathrooms. The large game room offers flexibility to use as a fourth bedroom, a second living room, a family room, or a home office. This space could be versatile and can be adapted to suit the needs of the homeowners. Key features found in this home are stucco exterior with archways in the exterior and interior along with wrought iron details outside. Overall, a Spanish Style home with with these features could offer a blend of traditional charm and modern convenience, providing a comfortable and stylish living space for its residents on almost an acre of land. The property has been virtually staged. The mobile home in the back will also be removed with sell of the home. There's also separate meters in the back part of the property. This is ideal if wanting to add an ADU in the future ex: mother in law suite, guest house, rental property, etc.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017