348 Vandeusen Rd, Davenport, NY 13750
Occupied park-owned homes offer residential income with approved water and electrical service already in place.
Property Features for 348 Vandeusen Rd
General Information
Additional Details
Taxes and HOA fees
Building Details
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Investment Insights
Based on property information with market context.
Recent work to appliances, heating, and electrical systems has been approved by town code enforcement. Two septic systems serve the property, with installation dates of 2008 and 2023. Approved water and electrical service are already established, and landscaping is nearly complete. The property was built in 2008 and combines three rental homes on a single parcel.
Key Highlights
- Three park‑owned single‑wide manufactured homes on 1 acre
- Unit mix includes two 3‑bedroom homes and one 2‑bedroom home
- All three units are occupied and paying rent
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $20.40 |
| − Vacancy | −$1.4k | −$1.10 |
| EGI | $24.7k | $19.30 |
| − OpEx | −$11.1k | −$8.68 |
| NOI | $13.6k | $10.61 |
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Demographics for 13750, NY
Market
Vacancy Rate% for Multifamily in Northeast region