1117 Wake Forest Drive
About This Property
The open-concept layout flows effortlessly from the kitchen to a dedicated dining area and into a bright, inviting living room-ideal for everyday living and entertaining. Upstairs, you'll find three comfortable bedrooms and updated Jack-and-Jill style bathroom, offering both privacy and convenience.
The lower level boasts a family room with sliding doors that open to the backyard, a brand-new full bath, and a separate laundry/utility room. Additional upgrades include a new roof, new flooring, recessed lighting, and a contemporary railing that adds a touch of design flair.
Located with easy access to major roads, shopping, and just 15 minutes from the beach, this move-in ready home checks all the boxes for comfort, style, and convenience.
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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 |
|---|---|---|---|
| Jul 24, 2025 | Sold | ||
| Sold | |||
| May 31, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Listed by C21/ Lawrence Realty | $549,900 | |
| Listed by C21/ Lawrence Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017