$250,000

Residential · MLS® A2278438
3Bedrooms
2Bathrooms
1,626Sq Ft
1998Year Built
02 / Overview

PROPERTY OVERVIEW

Opportunity to own 4.03 acres of land with a 1998 modular home on pilings. The property is accessed via a long, curved driveway, which provides privacy from the main road. The land features multiple outbuildings and older corrals, which were previously used for horses. The home has started some work both inside and out. Currently, needing siding and landscaping on the exterior. The interior layout is an open-concept kitchen, dining, and living room area with 3 bedrooms and 2...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeManufactured House
Total Finished Area1,626 sq ft
Lot Size175,546 sq ft
ZoningCR
HeatingForced Air • Natural Gas
CoolingNone
ParkingGravel Driveway • Off Street
ExteriorPrivate Entrance
BasementNone
Year Built1998
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$1,888After mortgage & expenses
Cap Rate13.5%Based on market rents
Cash on Cash Return45.3%With 20% down payment
Est. Monthly Rent$2,996Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

NONE

Needs Review
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Investment Score53/100
Avg Home Price$746K
Active Listings1435
Listed by JANET KUEHN · ROYAL LEPAGE MODERN REALTY