926 ANNETTE Avenue
About This Property
Two Blocks from lake Grandin!!
This 2-bedroom, 2-bath manufactured home offers an exceptional opportunity for investors looking for a value-add property in a rapidly developing area of Interlachen. Built in 1988 and situated on a spacious 0.21-acre lot, the home provides approximately 960 square feet of living space with strong potential for renovation, resale, or use as a long-term or short-term rental. The quiet, rural setting and flexible lot create options for upgrades, additional storage structures, or outdoor improvements, while the property's location offers easy access to nearby lakes, parks, and town amenities. With its affordable price range and solid foundation for improvement, this off-market property is ideal for investors seeking a manageable project with promising upside in Putnam County. Hot water heater- 2015
New front door- 2024
AC- 2013
Bathroom remodel- 2020
Roof - 1992
Kitchen Sink - 2025
Steps for Shed- 2024
Pumphouse -2024
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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