This income-producing property features two mobile homes situated on a single parcel, offering investors immediate cash flow with significant upside potential. The property includes a 3BR/2BA home currently rented for $700/month and a 2BR/2BA home currently rented for $600/month, while market rents support approximately $900/month and $800/month, respectively. Both tenants are currently on month-to-month leases, providing flexibility for investors to implement rental increases and capture additional income. One of the homes has benefited from a new metal roof, helping reduce near-term maintenance costs. The property is serviced by city water and septic, while tenants pay electricity and other utilities directly to the providers, creating an efficient expense structure for ownership. For investors seeking additional scale, this property may also be purchased as part of a larger package that includes four additional mobile homes on Dead Oak Road. With below-market rents, strong cash flow potential, and flexible tenancy, this asset presents an attractive value-add opportunity in the growing Douglas rental market. Tenant Occupied, do not approach or disturb tenants. Interior showings allowed only when under contract during DDP.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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