1211 FOREST DR
About This Property
The kitchen has solid wood cabinetry, tile backsplash, brass-finished faucet, and updated, unique fixtures. Additionally, it opens to an eating area with a full brick fireplace and gas logs. The sunroom features new luxury vinyl floor and patio doors that open to a completely fenced rear yard with a concrete patio and a spacious backyard with a ton of privacy.
Also, the first floor has a generous-sized living room, laundry closet, and powder room. The second floor has four good-sized bedrooms, a main bath in the hall, and a primary bedroom with a full bath with a walk-in shower. The mostly finished basement is divided into several rooms with an outside entry for convenient access to the rear yard.
The new roof was installed in 2023, and the house was repainted on the outside just over two months ago. Advantageously located just over a mile from Union Lake Crossing shopping center as well as Hwy 55, which makes for quick access to Philly as well as the New Jersey Turnpike.
Do not miss your chance to view this home!
Agents, please see remarks for available times for showings.
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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