11601 FOREST RAIN
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 |
|---|---|---|---|
| Jan 23, 2026 | No longer available | - | |
| No longer available | |||
| Dec 13, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Oct 31, 2025 | Price Decreased |
$295,000
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Sep 5, 2025 | Listed by Keller Williams Realty | $299,999 | |
| Listed by Keller Williams Realty | |||
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Please remove shoes before walking freshly cleaned carpet. Welcome to 11601 Forest Rain! This beautifully updated and lovingly maintained two-story home is located in the peaceful and quaint Woodcrest neighborhood-where there's no HOA and plenty of charm. Step outside to your own backyard retreat featuring a spacious covered patio with solar and string lighting, ideal for relaxing Texas evenings. The outdoor living continues with a private hot tub, outdoor shower, and raised garden beds that have produced abundant vegetables. Past homeowners even enjoyed fresh eggs with their backyard chicken coops! Woodcrest is surrounded by green space, with the community's own Woodcrest Park just a short stroll away and additional parks closeby for outdoor enjoyment. Within minutes of the HEB and IKEA located in popular Live Oak Town Center. This home combines functionality, comfort, and lifestyle upgrades in a location that truly feels like home. List of Improvements: HVAC replaced in 2018. Roof & water heater replaced 2-3 years ago. Windows updated 2 years ago. Flow Tech electrostatic water system (2 years old). Nest smart thermostat, doorbell & security system. New light fixtures throughout. Gutters added within last 2 years. New kitchen appliances: dishwasher, refrigerator & stove. Granite countertops and wood flooring throughout downstairs. Carpets freshly and professionally cleaned. Hot tub deep cleaned & treated. Outdoor shower & backyard misters on patio. Raised garden beds producing tomatoes, okra, cucumbers, peppers, kale, Swiss chard & Japanese eggplant. Rose gardens in the front yard. New backyard storage shed. Large covered patio with solar & string lighting. Additional insulation added to attic (2023). Chimney cleaned, inspected, & chimney crown replaced (2023).
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| Nov 20, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017