11 Forest Lane
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 12, 2024 | Sold | ||
| Sold | |||
| Nov 14, 2024 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | Listed by Churchill Properties | $1,100,000 | |
| Listed by Churchill Properties | |||
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This multi level home set on a quiet dead end lane offers convenience and a private retreat. Nestled on a half acre level lot surrounded by pristine woods and nature trails, the setting is idyllic. This home boasts three above grade living levels, 3 bedrooms (with a 4 bed septic system....possible expansion potential?) 2 baths, and is renovated throughout. The huge level private yard with a 20' x 40' built in swimming pool and just renovated pool house will have family and friends begging for an invitation. High efficiency electric heat pump with central air (2022) and new hot water tank (2023) provide efficiency. An oversized 2 car garage has room for projects or crafts as well as your vehicles, plus an additional 1 car garage and shed provide outstanding storage and/or workshop space. Manchester-by-the-Sea is home to the famed Singing Beach, Tuck's Point, many conservation areas, and the highly rated MERSD school system.
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| Jun 15, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017