8180 MELROSE Road
About This Property
Looking for a peaceful country setting? You've found it! This charming 1-acre property is dotted with mature trees, including producing Loquat and lemon trees, and is bordered on two sides by scenic green pastures with grazing horses-a true rural retreat.
The well-maintained and updated 3-bedroom, 2-bath single-wide mobile home features a 9' x 16' covered front porch, perfect for relaxing and enjoying the evening breeze.
Additional highlights include:
• Workshop/shed with a covered area for the well
• New bladder tank
• Covered carport , workshop
• Concrete pad with water access-ideal for a future animal pen or other possibilities
Whether you're looking for a forever home, a place to live while you build your dream home, or a solid rental investment, this property fits the bill. It has previously been used as a rental and could easily bring in $1,000/month.
Don't miss this opportunity to own your slice of the countryside
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017