106 Forestview Drive
About This Property
Perfectly positioned in one of Elon's most desirable recreational corridors, this home is right down the street from trails leading to Beth Schmidt Park and right around the corner from Olde Forest Racquet Club. The location combines the charm of a quiet residential setting with easy access to outdoor recreation, fitness, family activities, and community amenities that make everyday living feel like a retreat.
For tennis, pickleball, swimming, and social enthusiasts, Olde Forest Racquet Club adds tremendous value to the area. This well-established private club sits on approximately 15 picturesque acres and features indoor and outdoor tennis courts, pickleball courts, a large swimming pool with family-friendly amenities, fitness facilities, walking paths, and a full calendar of social events and leagues. The club is especially known for its strong sense of community and active lifestyle opportunities for all ages.
**Seller offering to pay $1500 Olde Forest initiation fee with acceptable offer!**
Beth Schmidt Park is one of Elon's most beloved public parks - enjoy access to scenic walking and jogging trails, a large playground, open green space, picnic areas, StoryWalk stations for children, disc golf, and Alamance County's first dog park. The park's community-centered design creates a natural gathering place for recreation, exercise, and outdoor enjoyment year-round.
Located less than 2 miles to Elon University and 2 miles to I-40 access. This home truly has it all!
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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%.
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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