1500 OAK FOREST DRIVE
About This Property
Welcome to this spacious 3-bedroom, 2-bath home offering over 1,850 square feet of comfortable living just off highly sought-after Oak Forest Lane, right across from the Intracoastal and only minutes to the beach.
From the moment you arrive, you're greeted by a front water feature with a fountain, setting the tone with a unique and inviting entry. Inside, vaulted ceilings and a skylight fill the home with natural light, creating an open, airy feel. The main living space is anchored by a cozy fireplace and flows effortlessly into the Florida sunroom, giving you additional space to relax, entertain, or unwind.
The kitchen and bathrooms offer thoughtful upgrades, including the convenience of instant hot water at each sink. One of the bathrooms features a walk-in jacuzzi tub and shower, designed for comfort and relaxation.
Step outside and you'll find a true backyard retreat. A screened enclosure surrounds the pool, complete with a waterfall feature that adds both movement and a calming atmosphere. Whether it's quiet mornings or hosting friends and family, this space is built to be enjoyed.
This home is as practical as it is inviting, with a two-car garage, abundant interior storage, additional attic storage, and RV parking with full exterior hookups.
Recent improvements provide peace of mind, including an approximately 4-year-old roof, impact windows, and 2-50-gallon water heaters, combining efficiency with long-term value.
Situated on a corner lot with a prime location near the Intracoastal and just minutes from the beach, this home delivers the space, features, and lifestyle that are getting harder to find.
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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.
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About Oak Forest
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017