8343 GATEWOOD DRIVE
About This Property
Welcome to 8343 Gatewood Dr, a well-sized 3-bedroom, 2-bath manufactured home offering over 1,600 sq ft of comfortable, single-level living in Brentwood Manor. Enjoy a ranch-style layout with generous room sizes, a low-maintenance exterior, and public water and sewer.
Perfect for first-time buyers, downsizers, or investors, this home is located in sought-after Howard County, close to major commuter routes, shopping, dining, and more.
Priced under $100K, this is an excellent opportunity to own a home in a convenient, commuter-friendly location. Please note: monthly lot rent is $1,500, which covers the land lease and community amenities.
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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 |
|---|---|---|---|
| Jul 17, 2025 | Sold | ||
| Sold | |||
| May 27, 2025 | In contract | - | |
| In contract | |||
| May 1, 2025 | Listed by EXP Realty, LLC | $99,995 | |
| Listed by EXP Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017