1381 Forest Shore Drive
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 |
|---|---|---|---|
| Mar 3, 2021 | Sold | ||
| Sold | |||
| Feb 9, 2021 | Listed by RE/MAX Coastal Properties | $574,900 | |
| Listed by RE/MAX Coastal Properties | |||
| Mar 29, 2018 | Sold | ||
| Sold | |||
| Nov 14, 2016 | Sold | ||
| Sold | |||
| Sep 19, 2016 | Listed by Better Homes and Gardens Real Estate Emerald Coast | $500,000 | |
| Listed by Better Homes and Gardens Real Estate Emerald Coast | |||
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This is one of those homes that you simply have to see to appreciate all of the upgrades, quality of the finishes, and outdoor living space. The current owner has renovated the entire home and yard creating a one of a kind property for this area. Over 50k in custom cabinetry, exotic stone used for counters, floorings, walls, high end appliances, and so much more that will appeal to the discriminating buyer whom appreciates quality. An outbuilding was built which was used as an office, but also suitable for many other uses. The large corner lot backs up to a golf course and fenced in back yard with lush landscaping and large pool creates an private backyard oasis. The entire roof was recently replaced making this a maintenance free and turn key opportunity for the next owner. Other recent Improvements include the following:
HVAC system and all duct work recently replaced.
Custom Pool is only 5 years old
Pump recently uplifted to larger version
New HVAC system in office
Separate ADT alarms
All Glass in Windows recently replaced
Gas H2O, Stove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017