103 Forest Avenue
About This Property
Inside, you will find original hardwood floors, original doors, and crown molding that showcase the home's charm and craftsmanship. The living room is filled with natural light and features a gas log fireplace, creating a warm and inviting gathering space. Original French doors lead into the dining area and kitchen, where there is ample cabinet and countertop space, tile backsplash, and a full appliance package.
The main portion of the home offers two secondary bedrooms that share a spacious hall bath with beadboard accents, along with a primary suite featuring dual closets and an updated bathroom with dual sinks, a large shower, and abundant built in storage.
One of the most unique features of this property is the separate living wing located beyond the laundry area. With vaulted ceilings, a private entrance, access to the rear deck, a fourth bedroom, walk in closet, and full bathroom, this space offers endless possibilities. Whether you need an in law suite, second primary suite, private guest quarters, home office, workout room, playroom, or space for a home based business, this flexible area can easily adapt to your needs.
Outside, mature landscaping creates a beautiful setting with apple, peach, and pear trees, a Japanese maple, a circular driveway with additional parking, spacious deck, and an outbuilding with electricity. There is also plenty of room for gardening, outdoor entertaining, or simply enjoying the peaceful surroundings.
The home is wheelchair accessible and offers easy access in and out of the property. Located just off Highway 14, you are only minutes from downtown Landrum, Tryon, and popular destinations including Hendersonville, Lake Lure, Greenville, Spartanburg, and The Cliffs at Glassy.
Homes with this combination of character, space, flexibility, and location rarely come available. Best of all, there is no homeowners association.
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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