927 Cashew Circle
About This Property
Property Details
Asking Price: $94,000 (Reduced from $120,000) and current Est Value at $138,000 but finished 199.000 to 210,000 Property Details
Asking Price: $94,000 (Reduced from $120,000) and current Est Value at $138,000 but finished 199.000 to 210,000
Property Type: Double-wide Manufactured Home on Owned Land
Lot Size: 6,560 sq. ft. (an over sized lot, nearly double the size of most in the community)
Potential Equity: After finishing the project, you could have over $100,000 in equity based on the projected ARV.
Renovations & Upgrades Already Completed
The heavy lifting is done. The home has been transformed from a standard mobile home to a modern living space.
*Structural: All subfloors replaced with new 3/4" plywood.
*Interior: All new drywall and new flooring installed throughout.
*Windows: Upgraded to PGT impact windows.
*Exterior: New vapor barrier and 80% of new siding installed.
*Roof: Professionally recoated and water-sealed within the last 6 months.
*Kitchen: Features a large layout with ample white cabinets and all new appliances.
*Included Materials to Finish the Job (All Paid For) and ready to be finished
*Virtually everything you need to complete the renovation is on-site and included in the sale price.
*HVAC: Brand new 3-ton Central A/C unit with a 10-year warranty, new thermostat, and all necessary installation components.
*Finishing Touches: All new baseboards, molding, and all the paint required to finish the interior.
*Exterior: All materials needed to complete the siding.
Flexible Purchase Terms
To facilitate a quick sale, the owner is offering a unique 90-day purchase option: *** Up-front deposit ( option ) to get in to assume the work with 60 days to complete $19,000
Final Balance: The remaining balance is due within 90 days.
This structure allows you to secure the property and use your capital to complete the renovations. You can live in the home during the construction period.
Bonus Inclusions: The sale also includes two brand new flat-screen TVs, a new queen bed with a headboard and frame with LED lighting, and two temporary wall A/C units to keep the home cool while you work.
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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 22, 2025 | Sold | ||
| Sold | |||
| Aug 9, 2025 | In contract | - | |
| In contract | |||
| Aug 4, 2025 | Listed by Sailors Choice Realty | $94,000 | |
| Listed by Sailors Choice Realty | |||
| Dec 20, 2023 | Sold | ||
| Sold | |||
| Oct 15, 2023 | Listed by Sailors Choice Realty | $89,900 | |
| Listed by Sailors Choice Realty | |||
Property Highlights
Building Info
Comparables
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017