14727 River Forest Drive
About This Property
This home is a significant project and not suitable for those seeking a move-in-ready property. It is ideal for individuals or investors who are prepared for a full-scale rehab and are excited about the opportunity to create a custom home in a fantastic neighborhood.
Seize the chance to bring new life to this property and take advantage of its incredible potential in a sought-after area. Don't miss out on this rare opportunity to invest in the Westchester neighborhood.
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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 |
|---|---|---|---|
| Apr 18, 2025 | Sold | ||
| Sold | |||
| Mar 12, 2025 | In contract | - | |
| In contract | |||
| Mar 7, 2025 | Listed by Compass RE Texas, LLC - Houston | $979,900 | |
| Listed by Compass RE Texas, LLC - Houston | |||
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Welcome to 14727 River Forest Dr in the highly sought-after community of Westchester in the Memorial area.
This stunning property offers 3,009 square feet of thoughtfully designed living space with all finishes curated by Maverick Design. Features 5 bedrooms and 2.5 updated bathrooms. The home boasts a fully renovated kitchen with modern finishes and high-end appliances, perfect for culinary enthusiasts and entertainers alike. The bathrooms have also been tastefully renovated, with the primary ensuite offering a luxurious spa-like feel. Natural light pours through the new dual-pane windows, highlighting the elegant details throughout. Formal dining room ideal for hosting gatherings and dedicated home office provides a quiet and productive environment. Step outside to discover a serene backyard oasis perfect for relaxation or outdoor dining. The property also features an electric security gate, ensuring peace of mind. Minutes from Memorial City Mall, City Centre, and much more.
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| Aug 12, 2024 | Sold | ||
| Sold | |||
| Jul 17, 2024 | In contract | - | |
| In contract | |||
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About Westside
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017